Termination by Default. The rights of Tenant under this Paragraph shall not be effective at any time when Tenant is in default under this Lease beyond any applicable cure period provided in this Lease. If Tenant, with the agreement of Landlord, shall nevertheless cure such default, then the rights provided hereunder shall be reinstated, but any transaction to lease any or all of the First Negotiation Space entered into by Landlord during such period of default shall be valid and Tenant shall have no further Right of First Negotiation as to any such space leased by Landlord while Tenant is in default under this Subparagraph.
Appears in 3 contracts
Samples: Sublease Agreement (Meru Networks Inc), Lease Agreement (Verity Inc \De\), Lease Agreement (Verity Inc \De\)
Termination by Default. The rights of Tenant under this Paragraph shall not be effective at any time when Tenant is in default under this Lease beyond has committed any applicable cure period provided Event of Default specified as such in this Lease. If Tenant, with the agreement of Landlord, shall nevertheless cure such default, then the rights provided hereunder shall be reinstated, but any transaction to lease any or all of the First Negotiation Refusal Space entered into by Landlord during such period of default shall be valid and Tenant shall have no further Right of First Negotiation Refusal as to any such space leased or agreed to be leased by Landlord while Tenant is in default under this Subparagraphdefault.
Appears in 2 contracts
Samples: Lease (Neophotonics Corp), Lease (Neophotonics Corp)
Termination by Default. The rights of Tenant under this Paragraph shall not be effective at any time when Tenant is in default under this Lease beyond any applicable cure period provided in this Lease. If Tenant, with the agreement of Landlordlandlord, shall nevertheless cure such default, then the rights provided hereunder shall be reinstated, but any transaction to lease any or all of the First Negotiation Space entered into by Landlord during such period of default shall be valid and Tenant shall have no further Right of First Negotiation as to any such space leased by Landlord while Tenant is in default under this Subparagraph.
Appears in 1 contract
Samples: Lease (Quickturn Design Systems Inc)
Termination by Default. The rights of Tenant under this Paragraph shall not be effective at any time when Tenant is in default under this Lease beyond any applicable cure period provided in this Lease. If Tenant, with the agreement of Landlord, shall nevertheless cure such default, then the rights provided hereunder shall be reinstated, but any transaction to lease any or all of the First Negotiation Space entered into by Landlord during such period of default shall be valid and Tenant shall have no further Right of First Negotiation as to any such space leased by Landlord while Tenant is in default under this Subparagraphsub-paragraph.
Appears in 1 contract
Termination by Default. The rights of Tenant under this Paragraph shall not be effective at any time when Tenant is in default under this Lease beyond any applicable cure period provided in this Leasethere exists a Default by Tenant. If Tenant, with the agreement of Landlord, shall nevertheless cure such defaultDefault by Tenant, then the rights provided hereunder shall be reinstated, but any transaction to lease or rent any or all of the First Negotiation Refusal Space entered into by Landlord during such period of default shall be valid and Tenant shall have no further Right of First Negotiation Refusal as to any such space leased or agreed to be leased by Landlord while Tenant is in default under this Subparagraphas set forth above.
Appears in 1 contract
Samples: Lease (Abovenet Communications Inc)
