Common use of Subtenant’s Option to Purchase Clause in Contracts

Subtenant’s Option to Purchase. In no event shall any Building Tenant Lease include an option or other right for a Subtenant to acquire all or any part of the Tenant Interest, unless such option or other provision has been approved in writing by Landlord in its sole and absolute discretion. Any approval by Landlord of a Building Tenant Lease providing for a Subtenant’s purchase of all or a portion of the Tenant Interest shall not constitute a waiver of Landlord’s right to disapprove of the assignment of this Lease pursuant to such option or other right if a material adverse condition in connection with the proposed assignee or use of the Premises has occurred at any time prior to such assignment.