Common use of Offer to Terminate Clause in Contracts

Offer to Terminate. If Tenant desires to assign this Lease or sublease all of any part of the Premises, Tenant will notify Landlord and Landlord for a period of thirty (30) days will have the right to terminate the Lease Term. If Tenant desires to sublease only a portion of the Premises, and such portion is subdividable (with any costs paid by Tenant), then the right to terminate may be exercised with respect to only that portion of the Premises to be subleased. If Landlord elects not to terminate the Lease Term as provided in this Section, Tenant shall pay to Landlord fifty percent (50%) of any net profits received by Tenant from any assignment of this Lease or sublet of the Premises.

Offer to Terminate. If Tenant desires to assign this Lease or sublease all of any part of the Premises, Tenant will notify Landlord and Landlord for a period of thirty (30) 30 days will have the right to terminate the Lease Term. If Tenant desires to sublease only a portion of the Premises, and such portion is subdividable (with any costs paid by Tenant), then the right to terminate may be exercised with respect to only that portion of the Premises to be subleased. If Landlord elects not to terminate the Lease Term as provided in this SectionSection 11.2, Tenant shall pay to Landlord fifty percent (50%) 100% of any net profits received by Tenant from any assignment of this Lease or sublet of the Premises.

Offer to Terminate. If Tenant desires to assign this Lease or sublease all of or any part of the Premises, Tenant will notify Landlord Landlord, and Landlord for a period of thirty (30) 30 days will have the right to terminate the Lease Term. If Tenant desires to sublease only a portion of the Premises, and such portion is subdividable (with any costs paid by Tenant), then the right to terminate may be exercised with respect to only that portion of the Premises to be subleased. If Landlord elects not to terminate the Lease Term as provided in this SectionSection 11.3, Tenant shall pay to Landlord fifty percent (50%) 100% of any net profits received by Tenant from any assignment of this Lease or sublet of the Premises. The terms of this Section 11.3 shall not apply to an assignment of the Lease to a Permitted Assignee.

Offer to Terminate. If Tenant desires to assign this Lease or sublease all of any part of the PremisesPremises other than to a Tenant Affiliate, Tenant will notify Landlord and Landlord for a period of thirty (30) days will have the right to terminate the Lease Term. If Tenant desires to sublease only a portion of the Premises, and such portion is subdividable (with any costs paid by Tenant), then the right to terminate may be exercised with respect to only that portion of the Premises to be subleased. If Landlord elects not to terminate the Lease Term as provided in this SectionSection 12.03, Tenant shall pay to Landlord fifty percent (50%) of any net profits received by Tenant from any assignment of this Lease or sublet of the Premises.