Common use of Termination of Right Clause in Contracts

Termination of Right. Tenant’s right of first opportunity provided for in this Section 2.7 shall terminate twelve (12) months before the expiration of the Lease Term. For purposes of determining the expiration of the Lease Term for purposes of this Section 2.7(e), the Extension Term shall be included only if Tenant has effectively exercised its right to extend for the Extension Term pursuant to Section 2.4(d). Tenant may exercise its right of first opportunity pursuant to Section 2.7(b) less than twelve (12) months before the expiration of the initial Term only if, prior to the exercise of such right, Tenant shall have made a timely and effective exercise of its right to extend the Lease Term in accordance with Section 2.4(d).

Appears in 2 contracts

Samples: Sublease Agreement (Genocea Biosciences, Inc.), Sublease Agreement (Genocea Biosciences, Inc.)

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Termination of Right. Tenant’s right of first opportunity provided for in this Section 2.7 2.8 shall terminate twelve (12) months before the expiration of the Lease Term. For purposes of determining the expiration of the Lease Term for purposes of this Section 2.7(e2.8(e), the an Extension Term shall be included only if Tenant has effectively exercised its right to extend for the such Extension Term pursuant to Section 2.4(d2.4(b). Tenant may exercise its right of first opportunity pursuant to Section 2.7(b2.8(b) less than twelve eighteen (1218) months before the expiration of the initial Initial Term or first Extension Term, as applicable, only if, prior to (or simultaneously with) the exercise of such right, Tenant shall have made a timely and effective exercise of its right to extend the Lease Term in accordance with Section 2.4(d2.4(b).

Appears in 1 contract

Samples: Sublease Agreement (Genocea Biosciences, Inc.)

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Termination of Right. Tenant’s 's right of first opportunity provided for in this Section 2.7 2.8 shall terminate twelve (12) months before the expiration of the Lease Term. For purposes of determining the expiration of the Lease Term for purposes of this Section 2.7(e2.8(g), the an Extension Term shall be included only if Tenant has effectively exercised its right to extend for the Extension Term pursuant to Section 2.4(d2.4(b). Tenant may exercise its right of first opportunity to lease any Qualified Space pursuant to Section 2.7(b2.8(c) less than twelve eighteen (1218) months before the expiration of the initial Initial Term or then current Extension Term, as applicable, only if, prior to (or simultaneously with) the exercise of such right, Tenant shall have made a timely and effective exercise of its right to extend the Lease Term in accordance with Section 2.4(d2.4(b).

Appears in 1 contract

Samples: Lease Agreement (Idenix Pharmaceuticals Inc)

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