Common use of Option Revoked Through Lease Amendment Clause in Contracts

Option Revoked Through Lease Amendment. In the event the parties should execute an amendment to the lease that would extend or reduce, in any manner whatsoever, the lease term, then the grant to Lessee of this "Option to Extend" shall automatically be revoked and withdrawn, with no further notice to Lessee, unless agreed by the parties to the contrary in the amendment to be executed by the parties (which document must set forth, in detail, the terms and conditions upon which Lessor grants Lessee rights to extend the lease).

Appears in 2 contracts

Samples: Lease Agreement (Advanced Communications Technologies Inc), Lease Agreement (Advanced Communications Technologies Inc)

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Option Revoked Through Lease Amendment. In the event the parties should execute an amendment to the lease that would extend or reduce, in any manner whatsoever, the lease term, then the grant to Lessee of this "β€œOption to Extend" ” shall automatically be revoked and withdrawnnull and void, with no further notice to Lessee, unless agreed by the parties to the contrary in the an amendment to be executed by the parties (which document documents must set forth, in detail, the terms and conditions upon which Lessor grants Lessee rights to extend the lease).

Appears in 1 contract

Samples: Lease Agreement (Peerless Systems Corp)

Option Revoked Through Lease Amendment. In the event the parties should execute an amendment to the lease that would extend or reduce, in any manner whatsoever, the lease term, then the grant to Lessee of this "Option to Extend" shall automatically be revoked and withdrawn, with no further notice to Lessee, unless agreed by the parties to the contrary in the amendment to be executed by the parties (which document documents must set forth, in detail, the terms and conditions upon which Lessor grants Lessee rights to extend the lease).

Appears in 1 contract

Samples: Lease Agreement (iDcentrix, Inc.)

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Option Revoked Through Lease Amendment. In the event the parties Parties should execute an amendment to the lease Lease that would extend or reduce, in any manner whatsoever, the lease termTerm of the Lease, then the grant to Lessee of this "Option to Extend" shall automatically be revoked and withdrawn, with no further notice to Lessee, unless agreed by the parties Parties to the contrary in the amendment to be executed by the parties Parties (which document documents must set forth, in detail, the terms and conditions upon which Lessor grants Lessee rights to extend the lease).

Appears in 1 contract

Samples: Lease Agreement (A-Mark Precious Metals, Inc.)

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