Common use of Option Right Clause in Contracts

Option Right. Landlord hereby grants the Tenant named in this Lease (“Original Tenant”) one option (“Option”) to extend the Lease Term for a period of five (5) years (“Option Term”), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The right contained in this Article 31 shall be personal to the Original Tenant and/or its Affiliate and may only be exercised by the Original Tenant and/or its Affiliate (and not any assignee, sublessee or other transferee of the Original Tenant’s interest in this Lease) if the Original Tenant and/or its Affiliate occupies the entire Premises as of the date of Tenant’s Acceptance (as defined in Section 31(c) below).

Appears in 2 contracts

Samples: Standard Office Lease, Standard Office Lease (Nexsan Corp)

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Option Right. Landlord hereby grants the Tenant named in this Lease (the “Original Tenant”) one (1) option (“Option”) to extend the Lease Term for the entire Premises for a period of five three (53) years (the “Option Term”), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The right rights contained in this Article 31 33 shall be personal to the Original Tenant and/or its Affiliate and may only be exercised by the Original Tenant and/or its Affiliate (and not any assignee, sublessee or other transferee of the Original Tenant’s interest in this Lease) if the Original Tenant and/or its Affiliate occupies the entire Premises as of the date of Tenant’s Acceptance (as defined in Section 31(c33(c) below).

Appears in 2 contracts

Samples: Standard Office Lease (Vital Therapies Inc), Standard Office Lease (Vital Therapies Inc)

Option Right. Landlord hereby grants the Tenant named in this Lease (the "Original Tenant") one (1) option ("Option") to extend the Lease Term for the entire Premises for a period of five (5) years (an "Option Term"), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The right rights contained in this Article 31 shall be personal to the Original Tenant and/or its Affiliate and may only be exercised by the Original Tenant and/or its Affiliate (and not any assignee, sublessee or other transferee of the Original Tenant’s 's interest in this Lease) if the Original Tenant and/or its Affiliate occupies the entire Premises as of the date of Tenant’s 's Acceptance (as defined in Section 31(c) below).

Appears in 1 contract

Samples: Master Lease (Inetvisionz Com Inc)

Option Right. Landlord hereby grants the Tenant named in this Lease ------------ (the "Original Tenant") one (1) option ("Option") to extend the Lease Term for the entire Premises for a period of five three (53) years (an "Option Term"), which Option option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The right rights contained in this Article 31 shall be personal to the Original Tenant and/or its Affiliate and may only be exercised by the Original Tenant and/or its Affiliate (and not any assignee, sublessee or other transferee of the Original Tenant’s Tenant `s interest in this Lease) if the Original Tenant and/or its Affiliate occupies the entire Premises as of the date of Tenant’s 's Acceptance (as defined in Section 31(c) below).

Appears in 1 contract

Samples: Office Lease (E Perception Inc)

Option Right. Landlord hereby grants the Tenant named in this Lease (“Original Tenant”the "ORIGINAL TENANT") one (1) option (“Option”"OPTION") to extend the Lease Term for a period of five three (53) years (“Option Term”"OPTION TERM"), which Option option shall be exercisable only by written notice delivered by 31 Tenant to Landlord as set forth below. The right rights contained in this Article 31 shall be personal to the Original Tenant and/or its Affiliate and may only be exercised by the Original Tenant and/or its Affiliate (and not any assignee, sublessee or other transferee of the Original Tenant’s 's interest in this Lease) if the Original Tenant and/or its Affiliate occupies the entire Premises as of the date of Tenant’s 's Acceptance (as defined in Section 31(c) below).

Appears in 1 contract

Samples: Standard Office Lease (On Village Communications Inc)

Option Right. Landlord hereby grants the Tenant named in this Lease (“Original Tenant”) one One (1) option (“Option”) to extend the Lease Term for a period of either three (3) or five (5) years (the “Option Term”) (to be determined by Tenant in its sole discretion), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The right rights contained in this Article 31 shall be personal to the Original Tenant and/or its Affiliate and may only be exercised by the Original Tenant and/or its Affiliate (and not any assignee, sublessee or other transferee of the Original Tenant’s interest in this Lease) if the Original Tenant and/or its Affiliate occupies the entire Premises as of the date of Tenant’s Acceptance (as defined in Section 31(c) below).

Appears in 1 contract

Samples: Standard Office Lease (Alliance Bancshares California)

Option Right. Landlord hereby grants the Tenant named in this Lease (the “Original Tenant”) one (1) option (“Option”) to extend the Lease Term for the entire Premises for a period of five (5) years (“Option Term”), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The right rights contained in this Article 31 18 shall be personal to the Original Tenant and/or its Affiliate and may only be exercised by the Original Tenant and/or its Affiliate (and not any assignee, sublessee or other transferee of the Original Tenant’s interest in this Lease) if the Original Tenant and/or its Affiliate occupies the entire Premises as of the date of Tenant’s Acceptance (as defined in Section 31(c) 18.3 below).

Appears in 1 contract

Samples: Office Lease (Lifevantage Corp)

Option Right. Landlord hereby grants the Tenant named in this Lease (the “Original Tenant”) one (1) option (each an “Option”) to extend the Lease Term for the entire Premises for a period of five (5) years (the “Option Term”), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The right rights contained in this Article 31 shall be personal to the Original Tenant and/or its Affiliate and may only be exercised by the Original Tenant and/or its Affiliate (and not any assignee, sublessee sub lessee or other transferee of the Original Tenant’s interest in this Lease) if the Original Tenant and/or its Affiliate occupies the entire Premises as of the date of Tenant’s Acceptance (as defined in Section 31(c) below).

Appears in 1 contract

Samples: Office Lease (Wowio, Inc.)

Option Right. Landlord hereby grants the Tenant named in this Lease (the "Original Tenant") one (1) option (the "Option") to extend the Lease Term for the entire Premises for a period of five (5) years (the "Option Term"), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The right rights contained in this Article 31 shall be personal to the Original Tenant and/or its Affiliate and may only be exercised by the Original Tenant and/or its Affiliate (and not any assignee, sublessee or other transferee of the Original Tenant’s 's interest in this Lease) if the Original Tenant and/or its Affiliate occupies the entire Premises as of the date of Tenant’s 's Acceptance (as defined in Section 31(c) below).

Appears in 1 contract

Samples: Office Lease (Alliance Fiber Optic Products Inc)

Option Right. Landlord hereby grants the Tenant named in this Lease (the "Original Tenant") one (1) option ("Option") to extend the Lease Term for a period of five (5) years (an "Option Term"), which Option option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The right rights contained in this Article 31 shall be personal to the Original Tenant and/or its Affiliate and may only be exercised by the Original Tenant and/or its Affiliate (and not any assignee, sublessee or other transferee of the Original Tenant’s 's interest in this Lease) if the Original Tenant and/or its Affiliate occupies the entire Premises as of the date of Tenant’s 's Acceptance (as defined in Section 31(c) below).

Appears in 1 contract

Samples: Standard Office Lease (Sound Source Interactive Inc /De/)

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Option Right. Landlord hereby grants the Original Tenant named in this Lease one (“Original Tenant”1) one option (“Option”) to extend the Lease Term for the entire Premises for a period of five (5) years only (an “Option Term”), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The right contained in this Article 31 33 shall be personal to the Original Tenant and/or its Affiliate and may only be exercised by the Original Tenant and/or its Affiliate (and not any assignee, sublessee or other transferee of the Original Tenant’s interest in this Lease) if the Original Tenant and/or its Affiliate occupies the entire Premises as of the date of Tenant’s Acceptance (as defined in Section 31(c33(c) below).

Appears in 1 contract

Samples: Standard Office Lease (United Business Holdings, Inc)

Option Right. Landlord hereby grants the Tenant named in this Lease ("Original Tenant") one (1) option ("Option") to extend the Lease initial Term for a period of five (5) years ("Option Term"), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The right rights contained in this Article 31 shall be personal to the Original Tenant and/or its Affiliate and may only be exercised by the Original Tenant and/or its Affiliate (and not any assignee, sublessee or other transferee of the Original Tenant’s 's interest in this Lease) if the Original Tenant and/or its Affiliate occupies the entire Premises as of the date of Tenant’s 's Acceptance (as defined in Section 31(c) below).

Appears in 1 contract

Samples: Office Lease (MFC Development Corp)

Option Right. Landlord hereby grants the Tenant named in this Lease ("Original Tenant") one (1) option (the "Option") to extend the Lease Term for a period of five three (53) years (the "Option Term"), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The right rights contained in this Article 31 shall be personal to the Original Tenant and/or its Affiliate and may only be exercised by the Original Tenant and/or its Affiliate (and not any assignee, sublessee or other transferee of the Original Tenant’s 's interest in this Lease) if the Original Tenant and/or its Affiliate occupies the entire Premises as of the date of Tenant’s 's Acceptance (as defined in Section 31(c) below).

Appears in 1 contract

Samples: Standard Office Lease (Auriga Laboratories, Inc.)

Option Right. Landlord hereby grants the Tenant named in this Lease (“Original Tenant”the "ORIGINAL TENANT") one (1) option (“Option”"OPTION") to extend the Lease Term for the entire Premises for a period of five three (53) years (“Option Term”an "OPTION TERM"), which Option option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The right rights contained in this Article 31 shall be personal to the Original Tenant and/or its Affiliate and may only be exercised by the Original Tenant and/or its Affiliate (and not any assignee, sublessee or other transferee of the Original Tenant’s 's interest in this Lease) if the Original Tenant and/or its Affiliate occupies the entire Premises as of the date of Tenant’s 's Acceptance (as defined in Section 31(c) below).

Appears in 1 contract

Samples: Standard Office Lease (Matchnet, Inc.)

Option Right. Landlord hereby grants the Tenant named in this Lease (the "Original Tenant") one (1) option (the "Option") to extend the Lease Term for the entire Premises for a period of five (5) years (the "Option Term"), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The right rights contained in this Article 31 Section 32 shall be personal to the Original Tenant and/or its Affiliate and may only be exercised by the Original Tenant and/or its Affiliate (and not any assignee, sublessee or other transferee of the Original Tenant’s 's interest in this Lease) if the Original Tenant and/or its Affiliate occupies the entire Premises as of the date of Tenant’s 's Acceptance (as defined in Section 31(c) 32C below).

Appears in 1 contract

Samples: Office Lease (Ecotality, Inc.)

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