Common use of Failure to Exercise Option Clause in Contracts

Failure to Exercise Option. If Tenant shall fail to give Landlord written notice of Tenant’s exercise of the Extended Term on or before the applicable Notice Date, time being of the essence, Tenant shall have no right to extend this Lease for the Extended Term and this Lease shall terminate as provided in Article 3 of this Lease and Tenant shall vacate the Leased Premises on or before the Expiration Date in accordance with the provisions of this Lease.

Appears in 3 contracts

Samples: Lease (Arvinas Holding Company, LLC), Lease (Arvinas Holding Company, LLC), Lease (Arvinas Holding Company, LLC)

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Failure to Exercise Option. If Tenant shall fail to give Landlord written notice of Tenant’s 's exercise of the Extended Term on or before the applicable Notice Date, time being of the essence, Tenant shall have no right to extend this Lease for the Extended Term and this Lease shall terminate as provided in Article 3 of this Lease and Tenant shall vacate the Leased Premises on or before the Expiration Date in accordance with the provisions of this Lease.

Appears in 1 contract

Samples: Arvinas, Inc.

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Failure to Exercise Option. If Tenant shall fail to give Landlord written notice of Tenant’s exercise of the Extended Term on or before the applicable Notice Date, time being of the essence, Tenant shall have no right to extend this Lease for the Extended Term Term, and this Lease shall terminate as provided in Article 3 of this Lease and Tenant shall vacate the Leased Premises on or before the Expiration Date in accordance with the provisions of this Lease.

Appears in 1 contract

Samples: Lease (Precipio, Inc.)

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