Common use of No Reservation Clause in Contracts

No Reservation. The submission of this Lease for examination does not constitute a reservation of or option for the Premises, and this Lease becomes effective only upon execution and delivery thereof by Landlord. Neither party shall have any legal obligation to the other in the event that the lease contemplated herein is not consummated for any reason. Discussions between the parties respecting the proposed lease described herein, shall not serve as a basis for a claim against either party or any officer, director or agent of either party.

Appears in 5 contracts

Samples: Lease (Seracare Life Sciences Inc), Flex Space Office Lease (Broadsoft Inc), Flex Space Office Lease (Panacos Pharmaceuticals, Inc.)

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No Reservation. The submission of this Lease for examination does not constitute a reservation of or option for the Premises, and this Lease becomes effective only upon full execution by Landlord and delivery thereof by LandlordTenant. Neither party shall have any legal obligation to the other in the event that the lease Lease contemplated herein is not consummated prior to the execution thereof for any reason. Discussions between the parties respecting the proposed lease described herein, shall not serve as a basis for a claim against either party or any officer, director or agent of either party.

Appears in 1 contract

Samples: Office Lease (E Spire Communications Inc)

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No Reservation. The submission of this Lease for examination does not constitute a reservation of or option notion for the Premises, Premises and this Lease becomes effective only upon execution and delivery thereof by Landlord. Neither Landlord Niether party shall have any legal obligation to the other in the event that the lease Lease contemplated herein is not consummated for any reason. reason Discussions between the parties respecting the proposed lease Lease described herein, shall not serve as a basis for a claim against either party or any officer, director or agent of either party.

Appears in 1 contract

Samples: Office Lease (Teletronics International, Inc.)

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