Common use of Offer to Terminate Clause in Contracts

Offer to Terminate. If Tenant desires to assign the Lease or sublease the Property, Tenant shall have the right to offer, in writing, to terminate the Lease as of a date specified in the offer. If Landlord elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, the Lease shall terminate as of the date specified and all the terms and provisions of the Lease governing termination shall apply. If Landlord does not so elect, the Lease shall continue in effect until otherwise terminated and the provisions of Section 9.05 with respect to any proposed transfer shall continue to apply.

Appears in 46 contracts

Samples: Lease Agreement (Biolife Solutions Inc), Industrial Lease Agreement, Industrial Real Estate Lease (SeaSpine Holdings Corp)

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Offer to Terminate. If Tenant desires to assign the Lease or ------------------ sublease the Property, Tenant shall have the right to offer, in writing, to terminate the Lease as of a date specified in the offer. If Landlord elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, the Lease shall terminate as of the date specified and all the terms and provisions of the Lease governing termination shall apply. If Landlord does not so elect, the Lease shall continue in effect until otherwise terminated and the provisions of Section 9.05 9.5 with respect to any proposed transfer shall continue to apply.

Appears in 11 contracts

Samples: Industrial Real Estate Lease (Doskocil Manufacturing Co Inc), Industrial Real Estate Lease (Doskocil Manufacturing Co Inc), Industrial Real Estate Lease (Doskocil Manufacturing Co Inc)

Offer to Terminate. If Tenant desires to assign the Lease or sublease the PropertyPremises, Tenant shall have the right to offer, in writing, to terminate the Lease as of a date specified in the offer. If Landlord elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, the Lease shall terminate as of the date specified and all the terms and provisions of the Lease governing termination shall apply. If Landlord does not so elect, the Lease shall continue in effect until otherwise terminated and the provisions of Section 9.05 with respect to any proposed transfer shall continue to apply.

Appears in 4 contracts

Samples: Lease Agreement (Endologix Inc /De/), Lease Agreement (TriVascular Technologies, Inc.), Lease Agreement (TriVascular Technologies, Inc.)

Offer to Terminate. If Tenant desires to assign the Lease or sublease the PropertyPremises, Tenant shall have the right right, but not the obligation, to offer, in writing, to terminate the Lease as of a date specified in the offer. If Landlord elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, the Lease shall terminate as of the date specified and all the terms and provisions of the Lease governing termination shall apply. If Landlord does not so elect, the Lease shall continue in effect until otherwise terminated and the provisions provision of Section 9.05 with respect to any proposed transfer shall continue to apply.

Appears in 2 contracts

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

Offer to Terminate. If Tenant desires to assign the this Lease or sublease the Property, Tenant shall have the right to offer, in writing, to terminate the this Lease as of a date specified in the offer. If Landlord elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, the this Lease shall terminate as of the date specified and all the terms and provisions of the this Lease governing termination shall apply. If Landlord does not so elect, the this Lease shall continue in effect until otherwise terminated and the provisions of Section 9.05 with respect to any proposed transfer shall continue to apply.

Appears in 2 contracts

Samples: Industrial Real Estate Lease (Trimedyne Inc), Industrial Real Estate Lease (All American Semiconductor Inc)

Offer to Terminate. If Tenant desires to assign the Lease or sublease the Property, Tenant shall have the right to offer, in writing, to terminate the Lease as of a date specified in the offer. If Landlord elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, the Lease shall terminate as of the date specified and all the terms and provisions of the Lease governing termination shall apply. If Landlord does not so elect, the Lease shall continue in effect until otherwise terminated and the provisions of Section 9.05 9.04 with respect to any proposed transfer shall continue to apply.

Appears in 2 contracts

Samples: Industrial Real Estate Lease (Dicks Sporting Goods Inc), Purchase and Sale Agreement (SP Holding CORP)

Offer to Terminate. If Tenant desires to assign the Lease or sublease the PropertyPremises, Tenant shall have the right to offer, in writing, to terminate the Lease as of a date specified in the offer. If Landlord elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, the Lease shall terminate as of the date specified and all the terms and provisions of the Lease governing termination shall apply. If Landlord does not so elect, the Lease shall continue in effect until otherwise terminated and the provisions provision of Section 9.05 with respect to any proposed transfer shall continue to apply.

Appears in 2 contracts

Samples: Office Lease (VectoIQ Acquisition Corp.), Office Lease (Insys Therapeutics, Inc.)

Offer to Terminate. If Tenant desires to assign the Lease or sublease the Property, Tenant shall have the right to offer, in writing, to terminate the Lease as of a date specified in the offer. If Landlord elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, the Lease shall terminate as of the date specified and all the terms and provisions of the Lease governing termination shall apply. If Landlord does not so elect, the Lease shall continue in effect until otherwise terminated and the provisions of Section 9.05 with respect to any proposed transfer shall continue to apply.

Appears in 2 contracts

Samples: Industrial Real Estate Sublease (Pets Com Inc), Industrial Real Estate Sublease (Pets Com Inc)

Offer to Terminate. If Tenant desires to assign the Lease or sublease the PropertyPremises, Tenant shall have the right to offer, in writing, to terminate the Lease as of a date specified in the offer. If Landlord elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, the Lease shall terminate as of the date specified and all the terms and provisions of the Lease governing termination shall apply. If Landlord does not so elect, the Lease shall continue in effect until otherwise terminated and the provisions of Section 9.05 with respect to any proposed transfer shall continue to apply.

Appears in 1 contract

Samples: Real Estate Lease (Emulex Corp /De/)

Offer to Terminate. If Tenant desires to assign the Lease or sublease the Property, Tenant shall have the right to offer, in writing, to terminate the Lease as of a date specified in In the offer. If Landlord elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, the Lease shall terminate as of the date specified and all the terms and provisions of the Lease governing termination shall apply. If Landlord does not so elect, the Lease shall continue in effect until otherwise terminated and the provisions of Section 9.05 with respect to any proposed transfer shall continue to apply.

Appears in 1 contract

Samples: Lease Agreement (Cerprobe Corp)

Offer to Terminate. If Tenant desires to assign the Lease or sublease the Property, Tenant shall have the right to offer, in writing, to terminate the Lease as of a the date specified in the offer. If Landlord elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, the Lease shall terminate as of the date specified and all the terms and provisions of the Lease governing termination shall apply. If Landlord does not so elect, the Lease shall continue in effect until otherwise terminated and the provisions of Section 9.05 with respect to any proposed transfer shall continue to apply.

Appears in 1 contract

Samples: Real Estate Lease (Wade Cook Financial Corp)

Offer to Terminate. If the Tenant desires to assign the Lease or sublease the PropertyDemised Premises, Tenant shall have the right to offer, in writing, to terminate the Lease as of a date specified in the offer. If Landlord elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, the Lease shall terminate as of the date specified and all the terms and provisions of the Lease governing termination shall apply. If Landlord does not so elect, the Lease shall continue in effect until otherwise terminated and the provisions of Section 9.05 9.04 with respect to any proposed transfer shall continue to apply.

Appears in 1 contract

Samples: Lease Agreement

Offer to Terminate. If Tenant desires to assign the Lease or sublease the PropertyPremises, Tenant shall have the right right, but not the obligation, to offer, in writing, to terminate the Lease as of a date specified in the offer. If Landlord elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, the Lease shall terminate as of the date specified and all the terms and provisions of the Lease governing termination shall apply. If Landlord does not so elect, the Lease shall continue in effect until otherwise terminated and the provisions of Section 9.05 with respect to any proposed transfer shall continue to apply.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Planet 13 Holdings Inc.)

Offer to Terminate. If Tenant desires to assign the Lease or sublease the Property, Tenant shall have the right to offer, in writing, to terminate the Lease as of a date specified in the offer. If Landlord elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, the Lease shall terminate as of the date specified and all the terms and provisions of the Lease governing termination shall apply. If Landlord does not so elect, the Lease shall continue in effect until otherwise terminated and the provisions of Section 9.05 with respect to any proposed transfer shall continue to apply.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Avalanche International, Corp.)

Offer to Terminate. If Tenant desires to assign the Lease or sublease the Property, Tenant shall have the right to offer, in writing, to terminate the Lease as of a date specified in the offer. If Landlord elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, the Lease shall terminate as of the date specified and all the terms and provisions of the Lease governing termination shall apply. If Landlord does not so elect, the Lease shall continue in effect until otherwise until. Otherwise terminated and the provisions of Section 9.05 with respect to any proposed transfer shall continue to apply.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Full Line Distributors Inc)

Offer to Terminate. If Tenant desires to assign the Lease or sublease the Property, Tenant shall have the right to offer, in writing, to terminate the Lease as of a date specified in the offer. If Landlord elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, offer the Lease shall terminate as of the date specified and all the terms and provisions of the Lease governing termination shall apply. If Landlord does not so electelect in writing, the Lease shall continue in effect until otherwise terminated under this Lease and the provisions of Section 9.05 9.5 with respect to any proposed transfer shall continue to apply.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Xylan Corp)

Offer to Terminate. If Tenant desires to assign the Lease or sublease the the. Property, Tenant Xxxxxx shall have the right to offer, in writing, to terminate the Lease as of a date specified in the offer. If Landlord elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, the Lease shall terminate as of the date specified and all the terms and provisions of the Lease governing termination shall apply. If Landlord does not so elect, the Lease shall continue in effect until otherwise terminated and the provisions of Section 9.05 with respect to any proposed transfer shall continue to apply.

Appears in 1 contract

Samples: Office Lease (Open Energy Corp)

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Offer to Terminate. If Tenant desires to assign the Lease or sublease the Property, . Tenant shall have the right to offer, in writing, to terminate the Lease as of a date specified in the offer. If Landlord elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, the Lease shall terminate as of the date specified and all the terms and provisions of the Lease governing termination shall apply. If It Landlord does not so elect, the Lease shall continue in effect until otherwise terminated and the provisions of Section 9.05 with respect to any proposed transfer shall continue to apply.

Appears in 1 contract

Samples: Lease Agreement (Ziasun Technologies Inc)

Offer to Terminate. If Tenant desires to assign the Lease or sublease the Property, Tenant shall have the right to offer, offer,- in writing, to terminate the Lease as of a date specified in the offer. If Landlord elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, the Lease shall terminate as of the date specified and all the terms and provisions of the Lease governing termination shall apply. If Landlord does not so elect, the Lease shall continue in effect until otherwise terminated and the provisions of Section 9.05 with respect to any proposed transfer shall continue to apply.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Industrial Rubber Innovations Inc)

Offer to Terminate. If Tenant desires to assign the Lease or sublease the Property, Tenant shall have the right to offer, in writing, to terminate the Lease as of a date specified in the offer. If Landlord elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, the Lease shall terminate as of the date specified and all the terms and provisions of the Lease governing termination shall apply. If Landlord does not so elect, the Lease shall continue in effect until otherwise terminated and the provisions of Section 9.05 with respect to any proposed proposal transfer shall continue to apply.

Appears in 1 contract

Samples: Industrial Real Estate Lease (3pea Technologies Inc.)

Offer to Terminate. If Tenant Lessee desires to assign the Lease or sublease the Property, Tenant Lessee shall have the right to offer, in writing, to terminate the Lease as of a date specified in the offer. If Landlord Lessor elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, the Lease shall terminate as of the date specified and all the terms and provisions of the Lease governing termination shall apply. If Landlord Lessor does not so elect, the Lease shall continue in effect until otherwise terminated and the provisions of Section 9.05 with respect to any proposed transfer shall continue to apply.

Appears in 1 contract

Samples: Industrial Gross Lease (Gildan Activewear Inc)

Offer to Terminate. If Tenant desires to assign the Lease ------------------ or sublease the Property, Tenant shall have the right to offer, in writing, to terminate the Lease as of a date specified in the offer. If Landlord elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, the Lease shall terminate as of the date specified and all the terms and provisions of the Lease governing termination shall apply. If Landlord does not so elect, the Lease shall continue in effect until otherwise terminated and the provisions of Section 9.05 9.5 with respect to any proposed transfer shall continue to apply.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Doskocil Manufacturing Co Inc)

Offer to Terminate. If Tenant desires to assign the Lease or sublease the Property, Tenant shall have the right to offer, in writing, to terminate the Lease as of a date specified in the offer. If Landlord elects in writing to accept the offer to terminate within twenty (20) 20 days after notice of the offer, the Lease shall terminate as of the date specified and all the terms and provisions provision of the Lease governing termination shall apply. If Landlord does not so elect, the Lease shall continue in effect until otherwise terminated and the provisions of Section 9.05 with respect to any proposed transfer shall continue to apply.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Carpenter W R North America Inc)

Offer to Terminate. If Tenant desires to assign the Lease or sublease the Property, Tenant shall have the right to offer, in writing, to terminate the Lease as of a date specified in the offer. If Landlord elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, the Lease shall terminate as of the date specified and all the terms and provisions of the Lease governing termination shall apply. If Landlord does not so elect, the Lease shall continue in effect until otherwise terminated and the provisions of Section 9.05 with respect to any proposed transfer shall continue to apply.

Appears in 1 contract

Samples: Industrial Real Estate Lease (Consolidated Capital of North America Inc)

Offer to Terminate. If Tenant desires to assign the Lease or sublease the PropertyProperty other than to a Tenant's affiliate, Tenant shall have the right to offer, in writing, to terminate the Lease as of a date specified in the offer. If Landlord elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, the Lease shall terminate as of the date specified and all the terms and provisions of the Lease governing termination shall apply. If Landlord does not so elect, the Lease shall continue in effect until otherwise terminated and the provisions of Section 9.05 with respect to any proposed transfer shall continue to apply.

Appears in 1 contract

Samples: Commercial Real Estate Lease (Alibris Inc)

Offer to Terminate. If Tenant desires to assign the Lease or sublease the Property, Tenant shall have the right to offer, offer in writing, to terminate the Lease as of a date specified in the offer. If Landlord elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, the Lease shall terminate as of the date specified and all the terms and provisions of the Lease governing termination shall apply. If Landlord does not so elect, the Lease shall continue in In effect until otherwise terminated and the provisions of Section 9.05 with respect to any proposed transfer shall continue to apply.

Appears in 1 contract

Samples: Multi Tenant Lease (Fun City Popcorn Inc)

Offer to Terminate. If Tenant desires to assign the Lease or sublease the Property, Tenant shall have first offer to the Landlord a right to offer, in writing, to terminate the Lease as of a the date specified in the offerproposed sublease or assignment. This offer shall be in writing and given at least 30 days in advance. If Landlord elects in writing to accept the offer to terminate within twenty (20) days after notice of the offer, the Lease shall terminate as of the date specified and all the terms and provisions of the Lease governing termination shall apply. If Landlord does not so elect, the Lease shall continue in effect until otherwise terminated and the provisions of Section 9.05 9.0.5 with respect to any proposed transfer shall continue to apply.

Appears in 1 contract

Samples: Lease Agreement (FNB Bancorp/Ca/)

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