Common use of Tenant’s Exercise Rights Clause in Contracts

Tenant’s Exercise Rights. In the event Tenant is in default under any provision of this Lease then, at Landlord’s sole election: (i) Tenant shall not have the right to exercise any available right, option or election under this Lease (“Tenant’s Exercise Rights”), (ii) Tenant shall not have the right to consummate any transaction or event triggered by the exercise of any of Tenant’s Exercise Rights, and (iii) Landlord shall not be obligated to give Tenant any required notices or information relating to the exercise of any of Xxxxxx’s Exercise Rights hereunder.

Appears in 2 contracts

Samples: Full Service Lease (Cyan Inc), Full Service Lease (Cyan Inc)

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Tenant’s Exercise Rights. In the event Tenant is in default under any provision of this Lease then, at Landlord’s sole election: (i) Tenant shall not have the right to exercise any available right, option or election under this Lease (“Tenant’s Exercise Rights”), (ii) Tenant shall not have the right to consummate any transaction or event triggered by the exercise of any of Tenant’s Exercise Rights, and (iii) Landlord shall not be obligated to give Tenant any required notices or information relating to the exercise of any of XxxxxxTenant’s Exercise Rights hereunder.

Appears in 1 contract

Samples: Full Service Lease (Enphase Energy, Inc.)

Tenant’s Exercise Rights. In the event Tenant is in default under any provision of this Lease then, at Landlord’s 's sole election: (i) Tenant i)Tenant shall not have the right to exercise any available right, option or election under this Lease (" Tenant’s 's Exercise Rights"), (ii) Tenant shall not have the right to consummate any transaction or event triggered by the exercise of any of Tenant’s 's Exercise Rights, and (iii) Landlord iii)Landlord shall not be obligated to give Tenant any required notices or information relating to the exercise of any of Xxxxxx’s 's Exercise Rights hereunder.

Appears in 1 contract

Samples: Full Service Lease (Q Matrix Inc)

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Tenant’s Exercise Rights. In the event Tenant is in default under any provision of this Lease then, at Landlord’s 's sole election: (i) Tenant shall not have the right to exercise any available right, option or election under this Lease ("Tenant’s 's Exercise Rights"), (ii) Tenant shall not have the right to consummate any transaction or event triggered by the exercise of any of Tenant’s 's Exercise Rights, and (iii) Landlord shall not be obligated to give Tenant any required notices or information relating to the exercise of any of Xxxxxx’s Tenant's Exercise Rights hereunder.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Regan Holding Corp)

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