Common use of Landlord’s Election Clause in Contracts

Landlord’s Election. At any time within twenty (20) days ------------------- after Landlord's receipt of the information specified in subsection 14(c), Landlord, by written notice to Tenant, may elect either (i) to consent to the sublet by Tenant; or (ii) to refuse its consent to the sublet. If Landlord fails to elect either of the alternatives within the twenty (20) day period, it shall be deemed that Landlord has refused its consent to the sublet. If Landlord refuses its consent, Landlord shall deliver to Tenant a statement of the basis for its refusal. Any attempted sublet without Landlord's consent shall not be effective.

Appears in 1 contract

Samples: Ibeam Broadcasting Corp

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Landlord’s Election. At any time within twenty (20) days ------------------- after Landlord's receipt of the information specified in subsection 14(c), Landlord, by written notice to Tenant, may elect either (i) to consent to the sublet by Tenant; or (ii) to refuse its consent to the sublet. If Landlord fails to elect either of the alternatives within the twenty (20) day period, it shall be deemed that Landlord has refused its consent to the sublet. If Landlord refuses its consent, Landlord shall deliver to Tenant a statement of the basis for its refusal. Any attempted sublet without Landlord's consent shall not be effective.

Appears in 1 contract

Samples: Marvell Technology Group LTD

Landlord’s Election. At any time within twenty fifteen (2015) days ------------------- after Landlord's receipt of the information specified in subsection 14(c144(c), Landlord, by written notice to Tenant, may elect to either (i) to approve or disapprove the sublease, which consent to the sublet by Tenant; or (ii) to refuse its consent to the subletshall not be unreasonably withheld. If Landlord fails to elect either of the alternatives within the twenty (20) day period, it shall be deemed that Landlord has refused its consent to the sublet. If Landlord refuses its consent, Landlord shall deliver to Tenant a statement of the basis for its refusal. Any attempted sublet without Landlord's consent shall not be effective.

Appears in 1 contract

Samples: Sub Sublease (Computer Literacy Inc)

Landlord’s Election. At any time within twenty (20) days after ------------------- after Landlord's receipt of the information specified in subsection 14(c), Landlord, by written notice to Tenant, may elect either (i) to consent to the sublet by Tenant; or (ii) to refuse its consent to the sublet. If Landlord fails to elect either of the alternatives within the twenty thirty (2030) day period, it shall be deemed that Landlord has refused its consent to the sublet. If Landlord refuses its consent, Landlord shall deliver to Tenant a statement of the basis for its refusal. Any attempted sublet without Landlord's consent shall not be effective.

Appears in 1 contract

Samples: Tenant Improvements Construction Agreement (Consilium Inc)

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Landlord’s Election. At any time within twenty (20) days ------------------- after Landlord's receipt of the information specified in subsection 14(c), Landlord, by written notice to Tenant, may elect either (i) to consent to the sublet by Tenant; or (ii) to refuse its consent to the sublet. If Landlord fails to elect either of the alternatives within the twenty thirty (2030) day period, it its shall be deemed that Landlord has refused its consent to the sublet. If Landlord refuses its consent, Landlord shall deliver to Tenant a statement of the basis for its refusal. Any attempted sublet without Landlord's consent shall not be effective.

Appears in 1 contract

Samples: Cafeteria License Agreement (Pc Tel Inc)

Landlord’s Election. At any time within twenty five (205) business days ------------------- after Landlord's receipt of the information specified in subsection 14(cSubsection 15(c), LandlordLandlord may, by written notice to Tenant, may elect either (i) to consent to the sublet by Tenant; or (ii) to refuse its consent to the sublet. If Landlord fails to elect either of the alternatives within the twenty five (205) business day period, it shall be deemed that Landlord has refused its consent to the sublet. If Landlord refuses its consent, Landlord shall deliver to Tenant a statement of the basis for its refusal. Any attempted sublet without Landlord's consent shall not be effective.

Appears in 1 contract

Samples: Lease (Seagate Software Inc)

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