Common use of Landlord’s Recapture Right Clause in Contracts

Landlord’s Recapture Right. (a) Tenant shall, prior to offering or advertising more than fifty percent (50%) of the Premises or any portion thereof for a Transfer, give a written notice (the “Recapture Notice”) to Landlord which: (i) states that Tenant desires to make a Transfer, (ii) identifies the affected portion of the Premises (the “Recapture Premises”), (iii) identifies the period of time (the “Recapture Period”) during which Tenant proposes to sublet the Recapture Premises, or indicates that Tenant proposes to assign its interest in this Lease, and (iv) offers to Landlord to terminate this Lease with respect to the Recapture Premises (in the case of a proposed assignment of Tenant’s interest in this Lease or a subletting for the remainder of the term of this Lease) or to suspend the Term for the Recapture Period (i.e. the Term with respect to the Recapture Premises shall be terminated during the Recapture Period and Tenant’s rental obligations shall be proportionately reduced). Landlord shall have fifteen (15) business days within which to respond to the Recapture Notice.

Landlord’s Recapture Right. (a) Subject to Sections 16.2(c) and 16.5 below, Tenant shall, prior to offering or advertising more than fifty percent (50%) of the Premises or any portion thereof for a Transfer, give a written notice (the “Recapture Notice”"RECAPTURE NOTICE") to Landlord which: (i) states that Tenant desires to make a Transfer, (ii) identifies the affected portion of the Premises (the “Recapture Premises”"RECAPTURE PREMISES"), (iii) identifies the period of time (the “Recapture Period”"RECAPTURE PERIOD") during which Tenant proposes to sublet the Recapture Premises, Premises or indicates that Tenant proposes to assign its interest in this the Lease, and (iv) offers to Landlord to terminate this the Lease with respect to the Recapture Premises (in the case of a proposed assignment of Tenant’s 's interest in this the Lease or a subletting for the remainder of the term of this the Lease) or to suspend the Term term of the Lease for the same period of time as the Recapture Period (i.e. the Term with term of the Lease in respect to of the Recapture Premises shall be terminated during the Recapture Period and Tenant’s 's rental obligations shall be proportionately reducedreduced in proportion to the ratio of the total rentable area of the Recapture Premises to the total rentable area of the Premises then demised to TOLERRX LEASE / BUILDING 300 / EXECUTION VERSION Tenant). Landlord shall have fifteen (15) business days within which to respond to the Recapture Notice.

Landlord’s Recapture Right. (a) Subject to Section 13.7 below, Tenant shall, prior to offering or advertising more than fifty percent (50%) of the Premises or any portion thereof for a Transferassignment or sublease, give a written notice (the “Recapture Notice”) to Landlord which: (i) states that Tenant desires to make a Transfer, (ii) identifies the affected portion of the Premises (the “Recapture Premises”), (iii) in the case of a sublease identifies the period of time (the “Recapture Period”) during which Tenant proposes to sublet the Recapture Premises, or indicates that Tenant proposes to assign its interest in this Lease, and (iv) offers to Landlord to terminate this Lease with respect to the Recapture Premises (in the case of a proposed assignment of Tenant’s 's interest in this Lease or a subletting for the remainder of the term of this Lease) or to suspend the Term for the Recapture Period (i.e. the Term with respect to the Recapture Premises shall be terminated during the Recapture Period and Tenant’s 's rental obligations shall be proportionately reduced). Landlord shall have fifteen (15) business days within which to respond to the Recapture Notice. Notwithstanding the foregoing, within the first three (3) years after the Term Commencement Date, Tenant shall not be required to deliver a Recapture Notice to Landlord prior to offering or advertising a portion of the Premises constituting less than fifty percent (50%) of the Premises for sublease.

Landlord’s Recapture Right. (a) Tenant shall, prior to offering or advertising (i) an Assignment, (ii) a Subletting of more than fifty percent 40% of the Premises, or (iii) a Subletting that when combined with other Subleases in effect (but excluding Permitted Subleases), would result in more than 50%) % of the Premises or any portion thereof for a Transferbeing sublet, give a written notice (the “Recapture Notice”"RECAPTURE NOTICE") to Landlord which: (i) states that Tenant desires to make a Transfersublet all or any portion of the Premises or assign its interest in the Lease, (ii) identifies the affected portion of the Premises (the “Recapture Premises”"RECAPTURE PREMISES"), (iii) identifies the period of time (the “Recapture Period”"RECAPTURE PERIOD") during which Tenant proposes to sublet the Recapture Premises, Premises or indicates that Tenant proposes to assign its interest in this the Lease, and (iv) offers to Landlord the election either to terminate this the Lease with respect to the Recapture Premises (in the case of a proposed assignment of Tenant’s interest in this Lease or a subletting for the remainder of the term of this Lease) Premises, or to suspend the Term term of the Lease for the same period of time as the Recapture Period (i.e. i.e., the Term with term of the Lease in respect to of the Recapture Premises shall be terminated during the Recapture Period and Tenant’s 's rental obligations shall be proportionately reducedreduced in proportion to the ratio of the total rentable area of the Recapture Premises to the total rentable area of the Premises then demised to Tenant). Landlord shall have fifteen (15) business days Business Days from Landlord's receipt of a Recapture Notice within which to respond to the Recapture NoticeTenant.

Landlord’s Recapture Right. (a) Subject to Section 13.4 below, Tenant shall, prior to offering or advertising more than fifty percent (50%) of the Premises or any portion thereof for a Transfer or accepting an offer for a Transfer, give a written notice (the “Recapture Notice”) to Landlord which: (i) states that Tenant desires to make a Transfer, (ii) identifies the affected portion of the Premises (the “Recapture Premises”), (iii) identifies the period of time (the “Recapture Period”) during which Tenant proposes to sublet the Recapture Premises, or indicates that Tenant proposes to assign its interest in this Lease, and (iv) offers to Landlord to terminate this Lease with respect to the Recapture Premises (in the case of a proposed assignment of Tenant’s interest in this Lease or a subletting for the remainder of the term of this Lease) or to suspend the Term for the Recapture Period (i.e. the Term with respect to the Recapture Premises shall be terminated during the Recapture Period and Tenant’s rental obligations shall be proportionately reduced). Landlord shall have fifteen (15) business days within which to respond to the Recapture Notice.

Landlord’s Recapture Right. (a) Subject to Section 9.4 below, Tenant shall, prior to offering or advertising more than fifty percent (50%) of the Premises or any portion thereof for a Transfer, give a written notice (the “"Recapture Notice”") to Landlord which: (i) states that Tenant desires to make a Transfer, (ii) identifies the affected portion of the Premises (the “"Recapture Premises”"), (iii) identifies the period of time (the “"Recapture Period”") during which Tenant proposes to sublet the Recapture Premises, Premises or indicates that Tenant proposes to assign its interest in this the Lease, and (iv) offers to Landlord to terminate this the Lease with respect to the Recapture Premises (in the case of a proposed assignment of Tenant’s 's interest in this the Lease or a subletting for the remainder of the term of this the Lease) or to suspend the Term for the Recapture Period (i.e. the Term with respect to the Recapture Premises shall be terminated during the Recapture Period and Tenant’s 's rental obligations shall be proportionately reduced). Landlord shall have fifteen (15) business days within which to respond to the Recapture Notice.

Landlord’s Recapture Right. (a) Subject to Section 13.7 below, Tenant shall, prior to offering or advertising more than fifty percent (50%) of the Premises or any portion thereof for a Transfer, give a written notice (the “Recapture Notice”) to Landlord which: (i) states that Tenant desires to make a Transfer, (ii) identifies the affected portion of the Premises (the “Recapture Premises”), (iii) identifies the period of time (the “Recapture Period”) during which Tenant proposes to sublet the Recapture Premises, or indicates that Tenant proposes to assign its interest in this Lease, and (iv) offers to Landlord to terminate this Lease with respect to the Recapture Premises (in the case of a proposed assignment of Tenant’s interest in this Lease or a subletting for the remainder of the term of this Lease) or to suspend the Term for the Recapture Period (i.e. i.e., the Term with respect to the Recapture Premises shall be terminated during the Recapture Period and Tenant’s rental obligations shall be proportionately reduced). Landlord shall have fifteen (15) business days within which to respond to the Recapture Notice.

Landlord’s Recapture Right. (a) Subject to Section 11.6 below, Tenant shall, prior to offering or advertising more than fifty percent (50%) of the Premises or any portion thereof for a Transfer or accepting an offer for a Transfer, give a written notice (the “Recapture Notice”) to Landlord which: (i) states that Tenant desires to make a Transfer, (ii) identifies the affected portion of the Premises (the “Recapture Premises”), (iii) identifies the period of time (the “Recapture Period”) during which Tenant proposes to sublet the Recapture Premises, or indicates that Tenant proposes to assign its interest in this Lease, and (iv) offers to Landlord to terminate this Lease with respect to the Recapture Premises (in the case of a proposed assignment of Tenant’s interest in this Lease or a subletting for the remainder of the term of this Lease) or to suspend the Term for the Recapture Period (i.e. the Term with respect to the Recapture Premises shall be terminated during the Recapture Period and Tenant’s rental obligations shall be proportionately reduced). Landlord shall have fifteen (15) business days within which to respond to the Recapture Notice.

Landlord’s Recapture Right. (a) Subject to Section 13.7 below, Tenant shall, prior to offering or advertising more than fifty percent (50%) of the Premises or any portion thereof for a Transfer, give a written notice (the “Recapture Notice”) to Landlord which: (i) states that Tenant desires to make a Transfer, (ii) identifies the affected portion of the Premises (the “Recapture Premises”), (iii) identifies the period of time (the “Recapture Period”) during which Tenant proposes to sublet the Recapture Premises, or indicates that Tenant proposes to assign its interest in this Lease, and (iv) offers to Landlord to terminate this Lease with respect to the Recapture Premises (in the case of a proposed assignment of TenantXxxxxx’s interest in this Lease or a subletting for the remainder of the term of this Lease) or to suspend the Term for the Recapture Period (i.e. the Term with respect to the Recapture Premises shall be terminated during the Recapture Period and Tenant’s rental obligations shall be proportionately reduced). Landlord shall have fifteen (15) business days within which to respond to the Recapture Notice.