Common use of Tenant’s Failure to Complete Clause in Contracts

Tenant’s Failure to Complete. If Landlord consents to a proposed assignment or sublease and Tenant fails to execute and deliver to Landlord such assignment or sublease within 90 days after the giving of such consent or the amount of space subject to such sublease varies by more than 10% from that specified in the notice given by Tenant to Landlord pursuant to Section 13.2, or the net effective rent payable under such sublease is less than 95% of Tenant’s Asking Rate, then Tenant shall again comply with all of the provisions and conditions of Sections 13.2, 13.3 and 13.4 before assigning this Lease or subletting all or part of the Premises.

Appears in 2 contracts

Samples: Lease (Durata Therapeutics, Inc.), Lease (BTHC VII Inc)

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Tenant’s Failure to Complete. If Landlord consents to a proposed assignment or sublease and Tenant fails to execute and deliver to Landlord such assignment or sublease within 90 one hundred twenty (120) days after the giving of such consent or the amount of space subject to such sublease varies by more than ten percent (10% %) from that specified in the notice given by Tenant to Landlord pursuant to Section 13.2, or the net effective rent payable under such sublease is less than 95% of Tenant’s Asking Rate, then Tenant shall again comply with all of the provisions and conditions of Sections 13.2, 13.3 and 13.4 before assigning this Lease or subletting all or part of the Premises.

Appears in 1 contract

Samples: Lease (Convio, Inc.)

Tenant’s Failure to Complete. If Landlord consents to a proposed assignment or sublease and Tenant fails to execute and deliver to Landlord such assignment or sublease within 90 days after the giving of such consent or the economic terms of such assignment or sublease are less than 95% of the terms contained in the A/S Statement or the amount of space subject to such sublease varies by more than 10% from that specified in the notice given by Tenant to Landlord pursuant to Section 13.2, or the net effective rent payable under such sublease is less than 95% of Tenant’s Asking RateA/S Statement, then Tenant shall again comply with all of the provisions and conditions of Sections 13.2, 13.3 and 13.4 before assigning this Lease or subletting all or part of the Premises.

Appears in 1 contract

Samples: Lease (Omrix Biopharmaceuticals, Inc.)

Tenant’s Failure to Complete. If Landlord consents to a proposed assignment or sublease and Tenant fails to execute and deliver to Landlord such assignment or sublease within 90 days after the giving of such consent or the amount economic terms of space subject to such sublease varies by more than 10% from that specified or assignment in the notice given by Tenant aggregate are less than 92.5% of the value of the economic terms proposed to Landlord pursuant to Section 13.2, or the net effective rent payable under such sublease is less than 95% of Tenant’s Asking Rate15.2, then Tenant shall again comply with all of the provisions and conditions of Sections 13.215.2, 13.3 15.4 and 13.4 15.5 hereof before assigning this Lease or subletting all or part of the Premises.

Appears in 1 contract

Samples: Lease (Greenhill & Co Inc)

Tenant’s Failure to Complete. If Landlord consents to a proposed assignment assignment, transfer or sublease and Tenant fails to execute and deliver to Landlord such assignment assignment, transfer or sublease within 90 days after the giving of such consent or the amount of space subject to such sublease varies by more than 10% from that specified in the notice given by Tenant to Landlord pursuant to Section 13.2, or the net effective rent payable under such sublease Sublease is less than 95% of Tenant’s Asking Ratethe Market Sub-rent, then Tenant shall again comply with all of the provisions and conditions of Sections 13.2, 13.3 13.2,13.3 and 13.4 before assigning or transferring this Lease or subletting all or part of the Premises.

Appears in 1 contract

Samples: Lease (Larimar Therapeutics, Inc.)

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Tenant’s Failure to Complete. If Landlord consents to a proposed assignment or sublease and Tenant fails to execute and deliver to Landlord such assignment or sublease within 90 ninety (90) days after the giving of such consent or the amount of space subject to such sublease varies by more than ten percent (10% %) from that specified in the notice given by Tenant to Landlord pursuant to Section 13.2, or the net effective rent payable under such sublease is less than 95% of Tenant’s Asking Rate, then Tenant shall again comply with all of the provisions and conditions of Sections 13.2, 13.3 and 13.4 before assigning this Lease or subletting all or part of the Premises.

Appears in 1 contract

Samples: Deed of Lease (Carlyle Group L.P.)

Tenant’s Failure to Complete. If Landlord consents to a proposed assignment or sublease and Tenant fails to execute and deliver to Landlord such assignment or sublease within 90 days after the giving of such consent or the amount of space subject to such sublease varies by more than 10% from that specified in the notice given by Tenant to Landlord pursuant to Section 13.2, SECTION 13.2 or the net effective rent payable under such sublease is less than 95% of Tenant’s 's Asking RateRent, then Tenant shall again comply with all of the provisions and conditions of Sections 13.2SECTIONS 13.2 AND 13.3, 13.3 and 13.4 before assigning this Lease or subletting all or part of the Premises.

Appears in 1 contract

Samples: Lease (Franklin Resources Inc)

Tenant’s Failure to Complete. If Landlord consents to a proposed assignment or sublease and Tenant fails to execute and deliver to Landlord such assignment or sublease within 90 180 days after the giving of such consent or the amount of space subject to such sublease varies by more than 10% fifteen percent (15%) from that specified in the notice given by Tenant to Landlord pursuant to Section 13.2, or the net effective rent payable under such sublease is less than 95% of Tenant’s Asking Rate, then Tenant shall again comply with all of the provisions and conditions of Sections 13.2, 13.3 and 13.4 before assigning this Lease or subletting all or part of the Premises.

Appears in 1 contract

Samples: Deed of Lease (FBR & Co.)

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