Common use of No Assignment of Option Clause in Contracts

No Assignment of Option. This Option is personal to the original Tenant signing the Lease, and shall be null, void and of no further force or effect as of the date that Tenant assigns the Lease to an unaffiliated entity and/or subleases more than forty-nine percent (49%) of the total Rentable Area of the Premises.

Appears in 5 contracts

Samples: Office Lease (BioSig Technologies, Inc.), Office Lease (Cytrx Corp), Office Lease (Cytrx Corp)

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No Assignment of Option. This Option is personal to the original Tenant signing the Lease, and shall be null, void and of no further force or effect as of the date that Tenant assigns the Lease to an unaffiliated entity and/or subleases more inure than forty-nine percent (4940%) of the total Rentable Area of the Premises.

Appears in 1 contract

Samples: Office Lease (Prospect Acquisition Corp)

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