No Further Options Clause Samples
The "No Further Options" clause establishes that, beyond the rights and remedies explicitly stated in the agreement, no additional options or alternatives are available to the parties. In practice, this means that if a party has exercised all the remedies or choices provided under the contract, they cannot seek further recourse or demand additional actions not specified in the agreement. This clause serves to limit the parties' rights strictly to what is written, ensuring finality and preventing disputes over implied or unstated options.
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No Further Options. Tenant shall have no further options to renew or extend after the Third Renewal Term.
No Further Options. Lessee has no option, right of first refusal, or other right to renew, extend, lease additional space, or purchase any part of the Leased Premises except as otherwise expressly provided herein.
No Further Options. Notwithstanding any terms in the Lease to the contrary, as of the date of mutual execution of this Amendment, and except as expressly otherwise set forth in this Amendment, Tenant waives and acknowledges and agrees it has no (a) right to renew or extend the Term of the Lease, (b) right of first refusal, offer or opportunity to lease or purchase all or any portion of any Building or of the Project, or (c) right of early termination or right to accelerate the date the Term expires. In the event this Amendment is terminated or made void for any reason, the terms of this Section shall nonetheless survive. 6 /s/ CL
No Further Options. Section 3 of the Addendum to the Original Lease is hereby deleted in its entirety and of no further force or effect.
No Further Options. Other than as expressly set forth in Section 1 of this Extension Rider, Tenant shall have no right to extend the term of the Lease.
No Further Options. Any and all options to extend the term of ------------------- the Lease and/or to expand the Premises granted to Lessee under the Lease are hereby deleted in their entirety and shall be of no further force or effect.
No Further Options. The Parties acknowledge and agree that Pfizer’s rights to exercise the Option set forth in Section 2.4 have been exercised or expired as of the Amendment Effective Date, and accordingly no further Option rights exist under the Agreement as of the Amendment Effective Date. For clarity, an Option does not include the substitution rights under Section 2.5, which continue to apply as set forth herein.
No Further Options. Tenant acknowledges that the extension of the Lease Term as set forth in Section 2 of this Second Amendment and Tenant's renewal option as set forth in Section 5(g) of this Second Amendment are in lieu of Tenant's renewal option as set forth in Section 9 of the First Amendment to Lease. Tenant expressly acknowledges and agrees that it does not have any further right or option to extend or renew the Term of the Lease. Tenant further acknowledges and agrees that it has no option or other right to purchase the Demised Premises, the Building or the Land, or to expand the Demised Premises.
No Further Options. Tenant acknowledges and agrees that except as expressly provided herein with respect to the Abated Amount, Allowance, the Extension Option and Termination Option referenced in Sections 2(a), 3, 7(a) and 7(b) above, Tenant has no further tenant improvement allowances, rent abatements, other concessions and/or any options, including, without limitation, any option to further extend the New Term or terminate the New Term early, any right of first offer and/or any right of first refusal to lease or purchase. Accordingly, Sections 12.5 (Refurbishment Allowance) and 2.2 (Termination Option) of the Lease are hereby deleted in their entirety and are deemed null, void and of no further force or effect.