Rights and Options Personal Sample Clauses

Rights and Options Personal. The parties hereto acknowledge and agree that all rights and options granted to Tenant by Landlord under this Lease, including, without limitation, paragraphs 1 and 2 of Schedule “B” attached hereto, and any and all future rights and options which may be granted to Tenant by Landlord under this Lease, are purely personal to Bioamber Canada Inc. and may not be sold, transferred or assigned or otherwise alienated or inure to the benefit of anyone other than Bioamber Canada Inc. SECTION XXVII RULES AND REGULATIONS
Sample 1
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Rights and Options Personal. Notwithstanding anything to the contrary contained herein, the Audit Right in Section 4.l(e) and the Renewal Option in Article 50 (collectively, the “Rights”) are personal to Hxxxxx Medical, Inc., a Delaware corporation, shall be exercisable only by Hxxxxx Medical, Inc., a Delaware corporation and may not be assigned or exercised by any assignee (other than a Permitted Assignee or an assignee of the Lease consented to by Landlord that has a net worth, (determined in accordance with generally accepted accounting principles consistently applied), as of the date of the assignment, of not less than Seventy Five Million and No/100 Dollars ($75,000,000) (an “Approved Assignee”), sublessee or transferee (other than a Permitted Assignee and an Approved Assignee) of Hxxxxx Medical, Inc., a Delaware corporation’s interest in the Lease, or any successor in interest to Hxxxxx Medical, Inc., a Delaware corporation (other than a Permitted Assignee and an Approved Assignee), nor may it be exercised if any portion of the Premises is sublet (other than to a Permitted Assignee), or if Hxxxxx Medical, Inc., a Delaware corporation (or a Permitted Assignee or Approved Assignee) is not occupying at least eighty percent (80%) of the Premises or if any Event of Default shall have occurred, unless Landlord, in its sole and absolute discretion, elects to waive the same.
Sample 1

Related to Rights and Options Personal

  • Options Personal Each Option granted to Lessee in this Lease is personal to the original Lessee and may be exercised only by the original Lessee while occupying the Premises who does 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 Lessee; provided, however, that an Option may be exercised by or assigned to any Lessee Affiliate as defined in paragraph 12.2 of this Lease. The Options, if any, herein granted to Lessee 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 otherwise.

  • OPTIONS PERSONAL TO ORIGINAL LESSEE Each Option granted to Lessee in this Lease is personal to the original Lessee named in Paragraph 1.1 hereof, and cannot be voluntarily or involuntarily assigned or exercised by any person or entity other than said original Lessee while the original Lessee is in full and actual possession of the Premises and without the intention of thereafter assigning or subletting. The Options, if any, herein granted to Lessee are not assignable, either as a part of an assignment of this Lease or separately or apart therefrom, and no Option may be separated from this Lease in any manner, by reservation or otherwise.

  • Options Not Transferable The Options may not be transferred, assigned, pledged or hypothecated in any manner (whether by operation of law or otherwise) other than by will, by applicable laws of descent and distribution or, in the case of a Non-Qualified Stock Option, pursuant to a qualified domestic relations order, and shall not be subject to execution, attachment or similar process; provided, however, that if the Options represent a Non-Qualified Stock Option, such Option is transferable without payment of consideration to immediate family members of the Optionee or to trusts or partnerships established exclusively for the benefit of the Optionee and Optionee’s immediate family members. Upon any attempt to transfer, pledge, hypothecate or otherwise dispose of any Option or of any right or privilege conferred by the Plan contrary to the provisions thereof, or upon the sale, levy or attachment or similar process upon the rights and privileges conferred by the Plan, such Option shall thereupon terminate and become null and void.

  • Transfers to Permitted Transferees Prior to the transfer of Units to a Permitted Transferee (other than a transfer in connection with or subsequent to a Sale of the Company), the Executive shall deliver to Investors a written agreement of the proposed transferee (a) evidencing such Person's undertaking to be bound by the terms of this Agreement and (b) acknowledging that the Units transferred to such Person will continue to be Units for purposes of this Agreement in the hands of such Person. Any transfer or attempted transfer of Units in violation of any provision of this Agreement or the Securityholders Agreement shall be void, and Investors shall not record such transfer on its books or treat any purported transferee of such Units as the owner of such Units for any purpose.

  • Nontransferability of Options The Option and this Agreement shall not be assignable or transferable by Optionee other than by will or by the laws of descent and distribution. During Optionee's lifetime, the Option and all rights of Optionee under this Agreement may be exercised only by Optionee (or by his guardian or legal representative). If the Option is exercised after Optionee's death, the Committee may require evidence reasonably satisfactory to it of the appointment and qualification of Optionee's personal representatives and their authority and of the right of any heir or distributee to exercise the Option.

  • Conditions to Permitted Transfers A Transfer shall not be treated as a Permitted Transfer under Section 10.2 hereof unless and until the following conditions are satisfied:

  • Transferability of Options During the lifetime of an Optionee, only such Optionee (or, in the event of legal incapacity or incompetency, the Optionee’s guardian or legal representative) may exercise the Option. No Option shall be assignable or transferable by the Optionee to whom it is granted, other than by will or the laws of descent and distribution.

  • Rights and Obligations Survive Exercise of Warrant Unless otherwise provided herein, the rights and obligations of the Company, of the holder of this Warrant and of the holder of the Shares issued upon exercise of this Warrant, shall survive the exercise of this Warrant.

  • Non-Transferability of Options The Option may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Optionee, only by the Optionee.

  • Nontransferability of Shares The Shares acquired by the undersigned pursuant to this Agreement shall not be sold, transferred, pledged, assigned or otherwise encumbered or disposed of except as provided below and in the Plan.

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