Common use of Notice; Exercise Clause in Contracts

Notice; Exercise. Evolent shall give to Landlord written notice of Evolent’s exercise of its option to so lease the Available Space within fifteen (15) days after the date on which Landlord gives Landlord’s Offer to Evolent. If Evolent shall fail to exercise its option to lease the Available Space within said fifteen (15) days after the date on which Landlord’s Offer is so given by Landlord, then Landlord shall be free to offer to lease and to lease such Available Space to others and Evolent’s right to lease said Available Space shall be void and of no force or effect for the remainder of the Term of this Lease (Evolent’s right hereunder being a one time right as to such Available Space), and Landlord may lease said Available Space to others upon such terms and for such periods as shall be acceptable to Landlord (it being agreed that time shall be of the essence in Evolent’s delivery of the aforesaid notice to Landlord and that if such written notice is not so delivered within the time aforesaid, Landlord will rely to its detriment on Evolent’s failure to give such written notice).

Appears in 2 contracts

Samples: Lease Agreement (Evolent Health, Inc.), Lease Agreement (Evolent Health, Inc.)

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Notice; Exercise. Evolent CapitalSource shall give to Landlord written notice of Evolent’s CapitalSource's exercise of its option to so lease the Available 11th Floor Space within fifteen thirty (1530) days after the date on which Landlord gives Landlord’s 's 11th Floor Offer to EvolentCapitalSource. If Evolent CapitalSource shall fail to exercise its option to lease the Available 11th Floor Space within said fifteen thirty (1530) days after the date on which Landlord’s 's 11th Floor Offer is so given by Landlord, then Landlord shall be free to offer to lease and to lease such Available 11th Floor Space to others and Evolent’s CapitalSource's right to lease said Available 11th Floor Space shall be void and of no force or effect for the remainder of the Term of this Lease (Evolent’s CapitalSource's right hereunder being a one one-time right as to such Available 11th Floor Space), and Landlord may lease said Available 11th Floor Space to others upon such terms and for such periods as shall be acceptable to Landlord (it being agreed that time shall be of the essence in Evolent’s CapitalSource's delivery of the aforesaid notice to Landlord and that that, if such written notice is not so delivered within the time aforesaid, Landlord will rely to its detriment on Evolent’s CapitalSource's failure to give such written notice).

Appears in 1 contract

Samples: Office Lease Agreement (Capitalsource Inc)

Notice; Exercise. Evolent Tenant shall give to Landlord written notice of Evolent’s Tenant's exercise of its option to so lease the Available Space within fifteen ten (1510) business days after the date on which Landlord gives Landlord’s 's Offer to EvolentTenant. If Evolent Tenant shall fail to exercise its option to lease the Available Space within said fifteen ten (1510) business days after the date on which Landlord’s 's Offer is so given by Landlord, then Landlord shall be free to offer to lease and to lease such Available Space to others and Evolent’s Tenant's right to lease said Available Space shall be void and of no force or effect for the remainder of the Term of this Lease (Evolent’s Tenant's right hereunder being a one one-time right as to such Available Space), and Landlord may lease said Available Space to others upon such terms and for such periods as shall be acceptable to Landlord (it being agreed that time shall be of the essence in Evolent’s Tenant's delivery of the aforesaid notice to Landlord and that that, if such written notice is not so delivered within the time aforesaid, Landlord will rely to its detriment on Evolent’s Tenant's failure to give such written notice).

Appears in 1 contract

Samples: Lease Agreement (Lecg Corp)

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Notice; Exercise. Evolent Tenant shall give to Landlord written notice of EvolentTenant’s exercise of its option to so lease the Available Space within fifteen ten (1510) business days after the date on which Landlord gives Landlord’s Offer to EvolentTenant. If Evolent Tenant shall fail to exercise its option to lease the Available Space within said fifteen ten (1510) business days after the date on which Landlord’s Offer is so given by Landlord, then Landlord shall be free to offer to lease and to lease such Available Space to others and EvolentTenant’s right to lease said Available Space shall be void and of no force or effect for the remainder of the Term of this Lease (EvolentTenant’s right hereunder being a one one-time right as to such Available Space), and Landlord may lease said Available Space to others upon such terms and for such periods as shall be acceptable to Landlord (it being Landlord. It is agreed that time shall be of the essence in EvolentTenant’s delivery of the aforesaid notice to Landlord and that that, if such written notice is not so delivered within the time aforesaid, Landlord will rely to its detriment on EvolentTenant’s failure to give such written notice).

Appears in 1 contract

Samples: Lease Agreement (Cvent Inc)

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