Common use of Tenant’s Option Notice Clause in Contracts

Tenant’s Option Notice. Tenant shall have the right to deliver written notice to Landlord of its intent to exercise this Option (the “Option Notice”). If Landlord does not receive the Option Notice from Tenant on a date which is neither more than three hundred sixty (360) days nor less than two hundred forty (240) days prior to the end of the initial term of the Lease, all rights under this Option shall automatically terminate and shall be of no further force or effect. Upon the proper exercise of this Option, subject to the provisions, limitations and conditions set forth in Paragraph 5 below, the initial term of the Lease shall be extended for the Extended Term.

Appears in 2 contracts

Samples: Lease Agreement (GigOptix, Inc.), Lease Agreement (Endwave Corp)

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Tenant’s Option Notice. Tenant shall have the right to deliver written notice to Landlord of its intent to exercise this Option (the Option Notice”). If Landlord does not receive the Option Notice from Tenant on a date which is neither more than three hundred sixty twelve (36012) days months nor less than two hundred forty nine (2409) days months prior to the end of the initial term of the Lease, all rights under this Option shall automatically terminate and shall be of no further force or effect. Upon the proper exercise of this Option, subject to the provisions, limitations and conditions set forth in Paragraph 5 below, the initial term of the Lease shall be extended for the Extended Term.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement (Restoration Robotics Inc)

Tenant’s Option Notice. Tenant shall have the right to deliver written notice to Landlord of its intent to exercise this Option (the “Option Notice”). If Landlord does not receive the Option Notice from Tenant on a date which is neither more than three two hundred sixty ten (360210) days nor less than two one hundred forty twenty (240120) days prior to the end of the initial term of the Lease, all rights under this Option shall automatically terminate and shall be of no further force or effect. Upon the proper exercise of this Option, subject to the provisions, limitations and conditions set forth in Paragraph 5 below, the initial term of the Lease shall be extended for the Extended Term.

Appears in 2 contracts

Samples: Lease Agreement (Nuance Communications), Lease Agreement (Nuance Communications)

Tenant’s Option Notice. Tenant shall have the right to deliver written notice to Landlord of its intent to exercise this Option (the “Option Notice”). If Landlord does not receive the Option Notice from Tenant on a date which is neither more than three hundred sixty sixty-five (360365) days nor less than two hundred forty seventy (240270) days prior to the end of the initial term of the LeaseExtended Term, all rights under this Option shall automatically terminate and shall be of no further force or effect. Upon the proper exercise of this Option, subject to the provisions, limitations and conditions set forth in Paragraph 5 below, the initial term of the Lease Extended Term shall be further extended for the Additional Extended Term.

Appears in 1 contract

Samples: Lease Agreement (Tivo Inc)

Tenant’s Option Notice. Tenant shall have the right to deliver written notice to Landlord of its intent to exercise this Option (the “Option Notice”). If Landlord does not receive the Option Notice from Tenant on a date which is neither more than three hundred sixty ninety (360390) days nor less than two three hundred forty sixty (240360) days prior to the end of the initial term of the Lease, all rights under this Option shall automatically terminate and shall be of no further force or effect. Upon the proper exercise of this Option, subject to the provisions, limitations and conditions set forth in Paragraph 5 below, the initial term of the Lease shall be extended for the Extended Term.

Appears in 1 contract

Samples: Office Lease (Cafepress Inc.)

Tenant’s Option Notice. Tenant shall have the right to deliver written notice to Landlord of its intent to exercise this the Option (the “Option Notice”). If Landlord does not receive the an Option Notice from Tenant on a date which is neither more than three hundred sixty twelve (36012) days months nor less than two hundred forty nine (2409) days months prior to the end of the initial term of the LeaseLease Expiration Date, all rights under this Option shall automatically terminate and shall be of no further force or effect. Upon the proper exercise of this the Option, subject to the provisions, limitations and conditions set forth in Paragraph 5 2.2.5 below, the initial term of the Lease Term shall be extended for the Extended Term.

Appears in 1 contract

Samples: Office Lease (Forrester Research, Inc.)

Tenant’s Option Notice. Tenant shall have the right to deliver written notice to Landlord of its intent to exercise this Option (the “Option Notice”). If Landlord does not receive the Option Notice from Tenant on a date which is neither more than three hundred sixty Two Hundred Seventy (360270) days nor less than two hundred forty One Hundred Eighty (240180) days prior to the end of the initial term of the LeaseExtended Term, all rights under this Option shall automatically terminate and shall be of no further force or effect. Upon the proper exercise of this Option, subject to the provisions, limitations and conditions set forth in Paragraph 5 below, the initial term of the Lease Extended Term shall be extended for the Second Extended Term.

Appears in 1 contract

Samples: Lease Agreement (Synplicity Inc)

Tenant’s Option Notice. Tenant shall have the right to deliver written notice to Landlord of its intent to exercise this Option (the "Option Notice"). If Landlord does not receive the Option Notice from Tenant on a date which is neither more than three hundred sixty fifteen (36015) days months nor less than two hundred forty twelve (24012) days months prior to the end of the initial term Term of the Lease, all rights under this Option shall automatically terminate and shall be of no further force or effect. Upon the proper exercise of this Option, subject to the provisions, limitations and conditions set forth in Paragraph 5 Section 25.5 below, the initial term Term of the Lease shall be extended for the Optional Extended Term.

Appears in 1 contract

Samples: Office Lease (PDF Solutions Inc)

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Tenant’s Option Notice. Tenant shall have the right to deliver written notice to Landlord of its intent to exercise this Option (the “Option Notice”). If Landlord does not receive the Option Notice from Tenant on a date which is neither more than three hundred sixty twelve (36012) days months nor less than two hundred forty nine (2409) days months prior to the end of the initial term of the Lease, all rights under this Option shall automatically terminate and shall be of no further force or effect. Upon the proper exercise of this Option, subject to the provisions, limitations and conditions set forth in Paragraph 5 below, the initial term of the Lease shall be extended for the Extended Term.

Appears in 1 contract

Samples: R&d Lease (Harmonic Inc)

Tenant’s Option Notice. Tenant shall have the right to deliver written notice to Landlord of its intent to exercise this Option (the “Option Notice”). If Landlord does not receive the Option Notice from Tenant on a date which is neither more than three hundred sixty eighteen (36018) days months nor less than two hundred forty twelve (24012) days months prior to the end of the initial term of the Lease, all rights under this Option shall automatically terminate and shall be of no further force or effect. Upon the proper exercise of this Option, subject to the provisions, limitations and conditions set forth in Paragraph 5 below, the initial term of the Lease shall be extended for the Extended Term.

Appears in 1 contract

Samples: Industrial Lease (Mips Technologies Inc)

Tenant’s Option Notice. Tenant shall have the right to deliver written notice to Landlord of its intent to exercise this the Option (the "Option Notice"). If Landlord does not receive the an Option Notice from Tenant on a date which is neither more than three hundred sixty fifteen (36015) days months nor less than two hundred forty twelve (24012) days months prior to the end of the initial term of the LeaseLease Expiration Date, all rights under this Option shall automatically terminate and shall be of no further force or effect. Upon the proper exercise of this the Option, subject to the provisions, limitations and conditions set forth in Paragraph 5 Section 2.2.5 below, the initial term of the Lease Term shall be extended for the Extended Term.

Appears in 1 contract

Samples: Office Lease (Castlight Health, Inc.)

Tenant’s Option Notice. Tenant shall have the right to deliver written notice to Landlord of its intent to exercise this Option (the "Option Notice"). If Landlord does not receive the Option Notice from Tenant on a date which is neither more than three hundred sixty twelve (36012) days months nor less than two hundred forty nine (2409) days months prior to the end of the initial term of the Lease, all rights under this Option shall automatically terminate and shall be of no further force or effect. Upon the proper exercise of this Option, subject to the provisions, limitations and conditions set forth in Paragraph 5 below, the initial term of the Lease shall be extended for the Extended Term.

Appears in 1 contract

Samples: Lease Agreement (Omneon Video Networks, Inc.)

Tenant’s Option Notice. Tenant shall have the right to deliver written notice to Landlord of its intent to exercise this the Option (the “Option Notice”). If Landlord does not receive the Option Notice from Tenant on a date which is neither more than three hundred sixty (360) days nor no less than two hundred forty seventy (240270) days prior to the end of the initial term of the Lease, all rights under this Option shall automatically terminate and shall be of no further force or effect. Upon the proper exercise of this Option, subject to the provisions, limitations and conditions set forth in Paragraph 5 below, the initial term of the Lease shall be extended for the Extended Term.

Appears in 1 contract

Samples: Lease Agreement (Synplicity Inc)

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