Common use of Termination of Right to Tenant's Signage Clause in Contracts

Termination of Right to Tenant's Signage. The rights contained in this Section 23.4 shall be personal to the Original Tenant or a Permitted Transferee Assignee, and may only be exercised and maintained by the Original Tenant or such Permitted Transferee Assignee (and not any other assignee, sublessee or other transferee of either of the Original Tenant's interest in the Lease) if the Original Tenant or such Permitted Transferee Assignee has not subleased more than thirty-five percent (35%) of the initial Premises and any other space leased by Tenant in the Project, and a default by Tenant under this Lease is not then occurring beyond the applicable notice and cure period. In the event Tenant fails to comply with any of the requirements set forth hereinabove, the signage rights provided in this Section 23.4 shall automatically terminate.

Appears in 2 contracts

Samples: Office Lease (Roku, Inc), Office Lease (Roku, Inc)

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Termination of Right to Tenant's Signage. The rights contained in this Section 23.4 23.2 shall be personal to the Original Tenant or a Permitted Transferee Assignee, and may only be exercised and maintained by the Original Tenant or such Permitted Transferee Assignee (and not any other assignee, sublessee or other transferee of either of the Original Tenant's interest in the Lease) if the Original Tenant or such Permitted Transferee Assignee has not subleased more than thirty-five fifty percent (3550%) of the initial Premises and any other space leased by Tenant in the Project, and a default Default by Tenant under this Lease is not then occurring beyond the applicable notice and cure periodoccurring. In the event Tenant fails to comply with any of the requirements set forth hereinabove, the signage rights provided in this Section 23.4 23.2 shall automatically terminate.

Appears in 1 contract

Samples: Office Lease (Penumbra Inc)

Termination of Right to Tenant's Signage. The rights contained in this Section 23.4 23.2 shall be personal to the Original Tenant or a Permitted Transferee Assignee, and may only be exercised and maintained by the Original Tenant or such Permitted Transferee Assignee (and not any other assignee, sublessee or other transferee of either of the Original Tenant's ’s interest in the Lease) if the Original Tenant or such Permitted Transferee Assignee has not subleased more than thirty-five fifty percent (3550%) of the initial Premises and any other space leased by Tenant from Landlord in the Project, and a default Default by Tenant under this Lease is not then occurring beyond the applicable notice and cure periodoccurring. In the event Tenant fails to comply with any of the requirements set forth hereinabove, the signage rights provided in this Section 23.4 23.2 shall automatically terminate.

Appears in 1 contract

Samples: Lease (Penumbra Inc)

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Termination of Right to Tenant's Signage. The rights contained in this Section 23.4 shall be personal to the Original Tenant or a Permitted Transferee Assignee, and may only be exercised and maintained by the Original Tenant or such Permitted Transferee Assignee (and not any other assignee, sublessee or other transferee of either of the Original Tenant's interest in the Lease) if the Original Tenant or such Permitted Transferee Assignee has not subleased more than thirtytwenty-five percent (3525%) of the initial Premises and any other space leased by Tenant in the Project, and a default by Tenant under this Lease is not then occurring beyond the applicable notice and cure periodoccurring. In the event Tenant fails to comply with any of the requirements set forth hereinabove, the signage rights provided in this Section 23.4 shall automatically terminate.

Appears in 1 contract

Samples: Office Lease (8x8 Inc /De/)

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