Common use of Personal Nature of Option to Extend Clause in Contracts

Personal Nature of Option to Extend. The option rights of Tenant under this Paragraph 46, and the Extended Term thereunder, are granted for Tenant’s personal benefit and are not transferable except in connection with a Permitted Transfer under Paragraph 18 (“Assignment and Subletting”).

Personal Nature of Option to Extend. The option rights of Tenant under this Paragraph 46, and the Extended Term thereunder, are granted for Tenant’s personal benefit and are not transferable except in connection with a Permitted Transfer under Paragraph 18 (“Assignment and Subletting”).