Common use of Landlord’s Right to Space Clause in Contracts

Landlord’s Right to Space. Notwithstanding any of the above ------------------------- provisions of this Section to the contrary, if Tenant notifies Landlord that it desires to enter into a Transfer, Landlord, in lieu of consenting to such Transfer, may elect (x) in the case of an assignment or a sublease of the entire Premises, to terminate this Lease, or (y) in the case of a sublease of less than the entire Premises, to terminate this Lease as it relates to the space proposed to be subleased by Tenant. In such event, this Lease will terminate (or the space proposed to be subleased will be removed from the Premises subject to this Lease and the Base Rent and Tenant's Share under this Lease shall be proportionately reduced) on the earlier of sixty (60) days after the date of Landlord's notice to Tenant making the election set forth in this Section 14.7 or the date the Transfer was proposed to be effective, and Landlord may lease such space to any party, including the prospective Transferee identified by Tenant.

Appears in 5 contracts

Samples: Part of Lease Agreement (Talk City Inc), Lease Agreement (Trintech Group PLC), Part of Lease Agreement (Trintech Group PLC)

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Landlord’s Right to Space. Notwithstanding any of the above provisions ------------------------- provisions of this Section to the contrary, if Tenant notifies Landlord that it desires to enter into a Transfer, Landlord, in lieu of consenting to such Transfer, may elect (x) in the case of an assignment or a sublease of the entire Premises, to terminate this LeaseLease in its entirety, or (y) in the case of a sublease of less than the entire PremisesPremises for a term substantially equal to the remaining Term of this Lease, to terminate this Lease as it relates to the space proposed to be subleased by Tenant. In such event, this Lease will terminate (or the space proposed to be subleased will be removed from the Premises subject to this Lease and the Base Rent and Tenant's Share under this Lease shall be proportionately reduced) on the earlier of sixty (60) days after the date of Landlord's notice to Tenant making the election set forth in this Section 14.7 or the date the Transfer was proposed to be effective, and Landlord may lease such space to any party, including the prospective Transferee identified by Tenant.

Appears in 2 contracts

Samples: Lease (Crossworlds Software Inc), Lease (Crossworlds Software Inc)

Landlord’s Right to Space. Notwithstanding any of the above ------------------------- provisions of this Section to the contrary, if Tenant notifies Landlord that it desires to enter into a Transfer, Landlord, in lieu of consenting to such Transfer, may elect (x) in the case of an assignment or a sublease of the entire Premises, to terminate this Lease, or (y) in the case of a sublease which cumulatively results in Tenant subleasing at any given time (whether to one or more entities other than an Affiliate) one hundred percent (100%) of one of the Buildings for a term which expires less than twelve (12) months prior to the entire Premisesscheduled Expiration Date of this Lease, to terminate this Lease as it relates to the space proposed to be subleased by Tenant. In such event, this Lease will terminate (or the space proposed to be subleased will be removed from the Premises subject to this Lease and the Base Rent and Tenant's Share under this Lease shall be proportionately reduced) on the earlier of sixty (60) days after the date of Landlord's notice to Tenant making the election set forth in this Section 14.7 or the date the Transfer was proposed to be effective, and Landlord may lease such space to any party, including the prospective Transferee identified by Tenant.

Appears in 2 contracts

Samples: Lease Agreement (3do Co), Lease Agreement (3do Co)

Landlord’s Right to Space. Notwithstanding any of the above ------------------------- provisions of this Section to the contrary, if Tenant notifies Landlord that it desires to enter into a Transfer, Landlord, in lieu of consenting to such Transfer, may elect (x) in the case of an assignment or a sublease of the entire Premises, to terminate this Lease, or (y) in the case of a sublease of less than the entire Premises, to terminate this Lease as it relates to the space proposed to be subleased by Tenant. In such event, this Lease will terminate (or the space proposed to be subleased will be removed from the Premises subject to this Lease and the Base Rent and Tenant's Share under this Lease shall be proportionately reduced) on the earlier of sixty (60) days after the date of Landlord's notice to Tenant making the election set forth in this Section 14.7 14.6 or the date the Transfer was proposed Proposed to be effective, and Landlord may lease such space to any party, including the prospective Transferee identified by Tenant.

Appears in 1 contract

Samples: Lease (FSP 50 South Tenth Street Corp)

Landlord’s Right to Space. Notwithstanding any of the above ------------------------- provisions of this Section to the contrary, if Tenant notifies Landlord that it desires to enter into a Transfer other than a Permitted Transfer, Landlord, in lieu of consenting to such Transfer, may elect (xa) in the case of an assignment or a sublease of the entire Premises, to terminate this Lease, or (yb) or in the case of a sublease of less more than fifty percent (50%) of the entire PremisesPremises for a period ending within six (6) months prior to the Expiration Date, to terminate this Lease as it relates to the space proposed to be subleased by Tenant. In such event, this Lease will terminate (or the space proposed to be subleased will be removed from the Premises subject to this Lease and the Base Rent and Tenant's ’s Share under this Lease shall be proportionately reduced) on the earlier of (x) sixty (60) days after the date of Landlord's ’s notice to Tenant making the election set forth in this Section 14.7 14.7, or (y) the date the Transfer was proposed to be effective, if such date is specified in Tenant’s notice to Landlord regarding the proposed Transfer, and Landlord may lease such space to any party, including the prospective Transferee identified by Tenant.

Appears in 1 contract

Samples: Part of Lease Agreement (ArcSight Inc)

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Landlord’s Right to Space. Notwithstanding any of the above ------------------------- provisions of this Section to the contrary, if Tenant notifies Landlord that it desires to enter into a Transfer, Landlord, in lieu of consenting to such Transfer, may elect (x) in the case of an assignment or a sublease of the entire Premises, to terminate this Lease, or (y) in the case of a sublease of less than the entire Premises, to terminate this Lease as it relates to the space proposed to be subleased by Tenant. In such event, this Lease will terminate (or the space proposed to be subleased will be removed from the Premises subject to this Lease and the Base Rent and Tenant's Share under this Lease shall be proportionately reduced) on the earlier of sixty (60) days after the date of Landlord's notice to Tenant making the election set forth in this Section 14.7 or the date the Transfer was proposed to be effective, and Landlord may lease such space to any party, including the prospective Transferee identified by Tenant. Notwithstanding the foregoing, Tenant, within five (5) days after receipt of Landlord's notice of intent to terminate, may withdraw its request for consent to the Transfer, by delivering written notice to Landlord of such withdrawal within such five-day period. In such event, Landlord's election to terminate this Lease shall be null and void and of no force and effect.

Appears in 1 contract

Samples: Part of Lease Agreement (Imall Inc)

Landlord’s Right to Space. Notwithstanding any of the above ------------------------- provisions of this Section to the contrary, if Tenant notifies Landlord that it desires to enter into a Transfer, Landlord, in lieu of consenting to such Transfer, may elect by written notice to Tenant within thirty (x30) days following submission to Landlord by Tenant of the information specified in Section 14.2, (a) in the case of an assignment or a sublease of the entire Premises, to terminate this Lease, or (yb) in the case of a sublease of less than the entire Premises, to terminate this Lease as it relates to the space proposed to be subleased by TenantTxxxxx. In such event, this Lease will terminate (or the space proposed to be subleased will be removed from the Premises subject to this Lease and the Base Rent and Tenant's ’s Share under this Lease shall be proportionately reduced) on as of the earlier of sixty (60) days after the termination date of Landlord's notice to Tenant making the election set forth specified in this Section 14.7 or the date the Transfer was proposed to be effectivesuch, and Landlord may lease such space to any party, including the prospective Transferee identified by Tenant.

Appears in 1 contract

Samples: Lease Agreement (Corsair Gaming, Inc.)

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