Common use of of the Lease Clause in Contracts

of the Lease. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest under the Lease to any entity other than a Tenant Affiliate prior to the exercise of an Option (whether with or without Landlord’s consent), such Option and any succeeding Options shall lapse. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under the Lease to any entity other than a Tenant Affiliate after the exercise of an Option but prior to the commencement of the respective Extension (whether with or without Landlord’s consent), such Option and any succeeding Options shall lapse and the Lease Term shall expire as if such Option were not exercised. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under the Lease in accordance with Article 9 of the Lease after the exercise of an Option and after the commencement of the Extension related to such Option, then the term of the Lease shall expire upon the expiration of the Extension during which such sublease or transfer occurred and only the succeeding Options shall lapse.

Appears in 4 contracts

Samples: Industrial Real Estate Lease (SeaSpine Holdings Corp), Lease (SeaSpine Holdings Corp), Industrial Real Estate Lease (Isotis Inc)

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of the Lease. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest under the Lease to any an entity other than a Tenant Affiliate prior to the exercise of an Option (whether with or without Landlord’s 's consent), such Option and any succeeding Options shall lapse. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under the Lease to any an entity other than a Tenant Affiliate after the exercise of an Option but prior to the commencement of the respective Extension (whether with or without Landlord’s 's consent), such Option and any succeeding Options shall lapse and the Lease Term shall expire as if such Option were not exercised. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under the Lease in accordance with Article 9 of the Lease after the exercise of an Option and after the commencement of the Extension related to such Option, then the term of the Lease shall expire upon the expiration of the Extension during which such sublease or transfer occurred and only the succeeding Options shall lapse.

Appears in 3 contracts

Samples: Lease Agreement (Document Sciences Corp), Industrial Real Estate Lease (Hot Topic Inc /Ca/), Early Possession Agreement (Ashworth Inc)

of the Lease. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest under the Lease to any entity other than a Tenant Affiliate prior to the exercise of an Option (whether with or without Landlord’s 's consent), such Option and any succeeding Options shall lapse. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under the Lease to any entity other than a Tenant Affiliate after the exercise of an Option but prior to the commencement of the respective Extension (whether with or without Landlord’s 's consent), such Option and any succeeding Options shall lapse and the Lease Term shall expire as if such Option were not exercised. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under the Lease in accordance with Article 9 of the Lease after the exercise of an Option and after the commencement of the Extension related to such Option, then the term of the Lease shall expire upon the expiration of the Extension during which such sublease or transfer occurred and only the succeeding Options shall lapse.

Appears in 2 contracts

Samples: Industrial Real Estate Lease (Micro Therapeutics Inc), Lease Rider (Arizona Furniture Co)

of the Lease. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest under the Lease to any entity other than a Tenant Affiliate prior to the exercise of an Option (whether with or without Landlord’s consent), such Option and any succeeding Options shall lapse. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under the Lease to any entity other than a Tenant Affiliate after the exercise of an Option but prior to the commencement of the respective Extension (whether with or without Landlord’s consent), such Option and any succeeding Options shall lapse and the Lease Term shall expire as if such Option were not exercised. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under the Lease in accordance with Article 9 of the Lease after the exercise of an Option and after the commencement of the Extension related to such Option, then the term of the Lease shall expire upon the expiration of the Extension during which such sublease or transfer occurred and only the succeeding Options shall lapse.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Wrap Technologies, Inc.)

of the Lease. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest under the Lease to any an entity other than a Tenant Affiliate prior to the exercise of an Option (whether with or without Landlord’s consent), such Option and any succeeding Options shall lapse. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under the Lease to any an entity other than a Tenant Affiliate after the exercise of an Option but prior to the commencement of the respective Extension (whether with or without Landlord’s consent), then such Option and any succeeding Options shall lapse lapse, in Landlord’s sole discretion, and the Lease Term shall expire as if such Option were not exercised. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under the Lease in accordance with Article 9 of the Lease after the exercise of an Option and after the commencement of the Extension related to such Option, then the term of the Lease shall expire upon the expiration of the Extension during which such sublease or transfer occurred and only the succeeding Options shall lapse.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Chino Commercial Bancorp)

of the Lease. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest under the Lease to any an entity other than a Tenant Affiliate prior to the exercise of an Option (whether with or without Landlord’s 's consent), such Option and any succeeding Options shall lapse. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under the Lease to any an entity other than a Tenant Affiliate after the exercise of an the Option but prior to the commencement of the respective Extension (whether with or without Landlord’s 's consent), such Option and any succeeding Options shall lapse and the Lease Term shall expire as if such Option were not exercised. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under the Lease in accordance with Article 9 of the Lease after the exercise of an Option and after the commencement of the Extension related to such Option, then the term of the Lease shall expire upon the expiration of the Extension during which such sublease or transfer occurred and only the succeeding Options shall lapse.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Natural Nutrition Group Inc)

of the Lease. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest under the Lease to any an entity other than a Tenant Affiliate prior to the exercise of an Option (whether with or without Landlord’s 's consent), such Option and any succeeding Options shall lapse. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under the Lease to any an entity other than a Tenant Affiliate after the exercise of an Option but prior to the commencement of the respective Extension (whether with or without Landlord’s 's consent), such Option and any succeeding Options shall lapse and the Lease Term shall expire as if such Option were not exercised. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under the Lease in accordance with Article 9 of the Lease after the exercise of an Option and after the commencement of the Extension related to such Option, then the term of the Lease shall expire upon the expiration of the Extension during which such sublease or transfer occurred and only the succeeding Options shall lapseoccurred.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Genetic Vectors Inc)

of the Lease. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest under the Lease to any an entity other than a Tenant Affiliate prior to the exercise of an Option (whether with or without Landlord’s consent), such Option and any succeeding Options shall lapse. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under the Lease to any an entity other than a Tenant Affiliate after the exercise of an Option but prior to the commencement of the respective Extension (whether with or without Landlord’s consent), such Option and any succeeding Options shall lapse and the Lease Term shall expire as if such Option were not exercised. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under the Lease in accordance with Article 9 of the Lease after the exercise of an Option and after the commencement of the Extension related to such Option, then the term of the Lease shall expire upon the expiration of the Extension during which such sublease or transfer occurred and only the succeeding Options shall lapse.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Vitacost.com, Inc.)

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of the Lease. If Tenant subleases any portion of the Property or assigns or otherwise transfers any its interest under the Lease to any an entity other than a Tenant Affiliate prior to the exercise of an Option (whether with or without Landlord’s 's consent), such Option and any succeeding Options shall lapse. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under the Lease to any an entity other than a Tenant Affiliate after the exercise of an Option but prior to the commencement of the respective Extension (whether with or without witout Landlord’s 's consent), such Option and any succeeding Options shall lapse and the Lease Term shall expire as if such Option were not exercised. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under the Lease in accordance with Article 9 of the Lease after the exercise of an Option and after the commencement of the Extension related to such Option, then the term of the Lease shall expire upon the expiration of the Extension during which such sublease subleases or transfer occurred and only the succeeding Options shall lapse.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Source Interlink Companies Inc)

of the Lease. If Tenant subleases any portion of the entire Property or assigns or otherwise transfers any its entire interest under the Lease to any entity other than a Tenant Affiliate prior to the exercise of an Option (whether with or without Landlord’s consent), such Option and any succeeding Options shall lapse. If Tenant subleases any portion of the entire Property or assigns or otherwise transfers any the entire interest of Tenant under the Lease to any entity other than a Tenant Affiliate after the exercise of an Option but prior to the commencement of the respective Extension (whether with or without Landlord’s consent), such Option and any succeeding Options shall lapse and the Lease Term shall expire as if such Option were not exercised. If Tenant subleases any portion of the entire Property or assigns or otherwise transfers any the entire interest of Tenant under the Lease in accordance with Article 9 Section 12 of the Lease after the exercise of an Option and after the commencement of the Extension related to such Option, then the term of the Lease shall expire upon the expiration of the Extension during which such sublease or transfer occurred and only the succeeding Options shall lapse.

Appears in 1 contract

Samples: Lease Extension Agreement (Encore Capital Group Inc)

of the Lease. If Tenant subleases any portion of the Property Premises or assigns or otherwise transfers any interest under the Lease to any entity other than a Tenant Affiliate prior to the exercise of an Option (whether with or without Landlord’s 's consent), such Option and any succeeding Options shall lapse. If Tenant subleases any portion of the Property Premises or assigns or otherwise transfers any interest of Tenant under the Lease to any entity other than a Tenant Affiliate after the exercise of an Option but prior to the commencement of the respective Extension (whether with or without Landlord’s 's consent), such Option and any succeeding Options shall lapse and the Lease Original Term shall expire as if such Option were not exercised. If Tenant subleases any portion of the Property Premises or assigns or otherwise transfers any interest of Tenant under the Lease in accordance with Article 9 paragraph 12 of the Lease after the exercise of an Option and after the commencement of the Extension related to such Option, then the term of the Lease shall expire upon the expiration of the Extension during which such sublease or transfer occurred and only the succeeding Options shall lapse.

Appears in 1 contract

Samples: Standard Industrial Lease (Big Dog Holdings Inc)

of the Lease. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest under the Lease to any an entity other than a Tenant Affiliate prior to the exercise of an Option (whether with or without Landlord’s 's consent), such Option and any succeeding Options shall lapse. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under the Lease to any o an entity other than a Tenant Affiliate after the exercise of an Option but prior to the commencement Commencement of the respective Extension (whether with or without Landlord’s 's consent), such Option and any succeeding Options shall lapse and the Lease Term Te m shall expire as if such Option were not exercised. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under the Lease in accordance with Article 9 of the Lease after the exercise of an Option and after the commencement of the Extension related to such Option, then the term of the Lease shall expire upon the expiration of the Extension during which such sublease or transfer occurred and only the succeeding Options shall shall, lapse.

Appears in 1 contract

Samples: Commercial Real Estate Lease (Alibris Inc)

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