Common use of Options Personal Clause in Contracts

Options Personal. Each Option granted to Tenant in this Lease is personal to the original Tenant and may be exercised only by the original Tenant while occupying the Premises, doing so without the intent of thereafter assigning this Lease or subletting the Premises or any portion thereof, and may not be exercised or be assigned, voluntarily or involuntarily, by or to any person or entity other than the original Tenant.

Appears in 1 contract

Samples: Smartdisk Corp

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Options Personal. Each Option granted to Tenant in this Lease is personal to the original Tenant and may be exercised only by the original Tenant while occupying the Premises, doing so without the intent of thereafter assigning this Lease or subletting the Premises or any portion thereof, and may not be exercised or be assigned, voluntarily or involuntarily, by or to any person or entity other than Tenant, provided, however, the original TenantOption may be assigned to any Tenant Affiliate as defined in Paragraph 12.2 of this Lease who is an assignee of that Lease or any assignee of the Lease approved by Landlord pursuant to Paragraph 12. The Options herein granted to Tenant are not assignable separate and apart from this Lease.

Appears in 1 contract

Samples: Lease (Esterline Technologies Corp)

Options Personal. Each Option Any Options granted to Tenant in this Lease is are personal to the original Tenant and may be exercised only by the original Tenant while occupying the Premises, doing so without the intent of thereafter assigning this Lease or subletting the Premises or any portion thereof, and may not be exercised or be assigned, voluntarily or involuntarily, by or to any person or entity other than Tenant, provided, however, the original Tenantoptions may be exercised by or assigned to any Tenant Affiliate as defined in Paragraph 11.2 of this Lease.

Appears in 1 contract

Samples: Lease (Telco Systems Inc /De/)

Options Personal. Each Option granted to Tenant in this Lease is ---------------- personal to the original Tenant and may be exercised only by the original Tenant while occupying the Premises, doing so without the intent of thereafter assigning this Lease or subletting the Premises or any portion thereof, and may not be exercised or be assigned, voluntarily or involuntarily, by or to any person or entity other than Tenant, provided, however, the original Tenant.Option may be exercised by or assigned to any Tenant Affiliate as defined in Paragraph 12.2

Appears in 1 contract

Samples: Lease (Qualstar Corp)

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Options Personal. Each Option granted to Tenant in this Lease is personal to the original Tenant and may be exercised only by the original Tenant while occupying the Premises, doing so without the intent of thereafter assigning this Lease or subletting the Premises or any portion thereof, and may not be exercised or be assigned, voluntarily or involuntarily, by or to any person or entity other than Tenant, provided, however, the original Tenant.Option may be exercised by or assigned to any Tenant Affiliate as defined in Paragraph 12.2

Appears in 1 contract

Samples: License Agreement

Options Personal. Each Option granted to Tenant in this Lease is personal to the original Tenant executing this Lease, an Affiliate (as defined in Section 14.2) and may be exercised only any assignee approved by the original Landlord in accordance with Section 14.3. The Options, if any, granted to Tenant while occupying the Premises, doing so without the intent of thereafter assigning under this Lease are not assignable separate and apart from this Lease, nor may any Option be separated from this Lease in any manner, either by reservation or subletting the Premises or any portion thereof, and may not be exercised or be assigned, voluntarily or involuntarily, by or to any person or entity other than the original Tenantotherwise.

Appears in 1 contract

Samples: Lease (Doubleclick Inc)

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