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 any affiliate assignee of Tenant, and shall be null, void and of no further force or effect as of the date that Tenant assigns the Lease to an entity that is not an Affiliate pursuant to an assignment which requires Landlord’s written consent pursuant to the terms and conditions of this Lease and/or subleases more than forty-nine percent (49%) of the total Rentable Area to an entity that is not an Affiliate.

Appears in 2 contracts

Samples: Office Lease (Blackline, Inc.), Office Lease (Blackline, Inc.)

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No Assignment of Option. This Option is personal to the original Tenant signing the Lease and any affiliate assignee of TenantLease, and shall be null, void and of no further force or effect as of the date that Tenant assigns the this Lease to an entity that is not other than an Affiliate pursuant to an assignment which requires Landlord’s written consent pursuant to the terms and conditions of this Lease and/or subleases more than forty-nine percent (49%) of the total Rentable Area of the Premises to an entity that is not other than an Affiliate.

Appears in 1 contract

Samples: Office Lease (Ziprecruiter, Inc.)

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No Assignment of Option. This Option is personal to may be exercised only by the original Tenant signing the Lease and any affiliate assignee of Tenantor an Affiliate (as such term is defined in Section 14.6 above), 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 that is not an Affiliate pursuant to an assignment which requires Landlord’s written consent pursuant to the terms and conditions of this Lease and/or subleases more than forty-nine percent (49%) of the total Rentable Area to an entity that is not an Affiliateof the Premises.

Appears in 1 contract

Samples: Office Lease (Tekelec)

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