Common use of Option Right Clause in Contracts

Option Right. Landlord hereby grants the Tenant named in this Lease (the “Original Tenant”) one (1) option (“Option”) to extend the Term for the entire Premises for a period of three (3) years (the “Option Term”), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The rights contained in this Article 33 shall be personal to the Original Tenant and may only be exercised by the Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant’s interest in this Lease) if the Original Tenant occupies the entire Premises as of the date of Tenant’s Acceptance (as defined in Section 33(c) below).

Appears in 2 contracts

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

Option Right. Landlord hereby grants the Tenant named in this Lease and to any Tenant Affiliate (the “"Original Tenant") one (1) option (the "Option") to extend the Term for the entire Premises Lease term for a period of three five (35) years (the "Option Term"), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The rights contained in this Article 33 31 shall be personal to the Original Tenant and may only be exercised by the Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant’s 's interest in this Lease) if the Original Tenant occupies the entire Premises as of the date of Tenant’s Acceptance (as defined in Section 33(c) below).

Appears in 2 contracts

Sources: Standard Office Lease (United Online Inc), Standard Office Lease (Netzero 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 three five (35) years (the “Option Term”), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The rights right contained in this Article 33 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 33(c31(c) below).

Appears in 2 contracts

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

Option Right. Landlord hereby grants the Tenant named in this Lease (the "Original Tenant") one (1) option (the "Option") to extend the Term for the entire Premises for a period of three five (35) years (the "Option Term"), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The rights contained in this Article 33 31 shall be personal to the Original Tenant and may only be exercised by the Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant’s 's interest in this Lease) if the Original Tenant occupies the entire Premises as of the date of Tenant’s 's Acceptance (as defined in Section 33(c31(c) below).

Appears in 1 contract

Sources: Office Lease (Alliance Fiber Optic Products Inc)

Option Right. Landlord hereby grants the Tenant named in this Lease (the “"Original Tenant") one (1) option (the "Option") to extend the Term for the entire Premises for a period of three (3) years (the "Option Term"), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The rights contained in this Article 33 31 shall be personal to the Original Tenant and may only be exercised by the Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant’s 's interest in this Lease) if the Original Tenant occupies the entire Premises as of the date of Tenant’s 's Acceptance (as defined in Section 33(c31(c) below).

Appears in 1 contract

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

Option Right. Landlord hereby grants the Tenant named in this Lease (the “Original Tenant”) one (1) option (“Option”) to extend the Term for the entire Premises for a period of three five (35) years (the “Option Term”), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The rights contained in this Article 33 18 shall be personal to the Original Tenant and may only be exercised by the Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant’s interest in this Lease) if the Original Tenant occupies the entire Premises as of the date of Tenant’s Acceptance (as defined in Section 33(c) 18.3 below).

Appears in 1 contract

Sources: Office Lease (Lifevantage Corp)