APPROVALS; EFFECTIVENESS Sample Clauses

APPROVALS; EFFECTIVENESS. Regen and Subtenant acknowledge that Regen is negotiating the terms of an amendment to the Master Lease with Master Landlord to extend the term of the Lease until May 31, 2006 (the "PRIME LEASE AMENDMENT"). Regen and Subtenant agree that the effectiveness of this Third Amendment is expressly conditioned on (i) Regen and Master Landlord executing and delivering the Prime Lease Amendment and (ii) Regen's receipt of Master Landlord's written consent to the terms of this Third Amendment (collectively (i) and (ii) are the "APPROVALS"). Regen shall use good faith reasonable efforts to obtain the Approvals by May 31, 2003. If the Approvals are not obtained by Regen on or before May 31, 2003 this Third Amendment will automatically terminate and be of no further force and effect. If the Prime Lease Amendment is executed by Regen and Master Landlord, the following provisions of the Prime Lease Amendment shall not be incorporated into the Sublease, as amended by this Third Amendment: Section 3, 7, and 9.