Common use of Lease Effective Clause in Contracts

Lease Effective. The submission of this Lease by Landlord to Tenant for examination shall not be deemed to constitute an offer by Landlord or a reservation to Tenant of an option to lease, and this Lease shall become effective as a binding instrument only upon the execution and delivery thereof by both Landlord and Tenant.

Appears in 4 contracts

Sources: Lease (Anadigics Inc), Lease (Wireless Telecom Group Inc), Lease Agreement (Scantek Medical Inc)