Common use of Option Right Clause in Contracts

Option Right. Landlord hereby grants the Tenant named in this Lease (the “Original Tenant”) one (1) option (“Option”) to extend the Term for the entire Premises for a period of three (3) years (the “Option Term”), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The rights contained in this Article 33 shall be personal to the Original Tenant and may only be exercised by the Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant’s interest in this Lease) if the Original Tenant occupies the entire Premises as of the date of Tenant’s Acceptance (as defined in Section 33(c) below).

Appears in 2 contracts

Samples: Standard Office Lease (Vital Therapies Inc), Standard Office Lease (Vital Therapies Inc)

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Option Right. Landlord hereby grants the Tenant named in this Lease (the "Original Tenant") one (1) option ("Option") to extend the Lease Term for the entire Premises for a period of three five (35) years (the “an "Option Term"), which Option option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The rights contained in this Article 33 31 shall be personal to the Original Tenant and may only be exercised by the Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant’s 's interest in this Lease) if the Original Tenant occupies the entire Premises as of the date of Tenant’s 's Acceptance (as defined in Section 33(c31(c) below).

Appears in 1 contract

Samples: Office Lease (Sound Source Interactive Inc /De/)

Option Right. Landlord hereby grants the Tenant named in this Lease (the “Original Tenant”) one (1) option (each an “Option”) to extend the Term for the entire Premises for a period of three five (35) years (the “Option Term”), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The rights contained in this Article 33 31 shall be personal to the Original Tenant and may only be exercised by the Original Tenant (and not any assignee, sublessee sub lessee or other transferee of the Original Tenant’s interest in this Lease) if the Original Tenant occupies the entire Premises as of the date of Tenant’s Acceptance (as defined in Section 33(c31(c) below).

Appears in 1 contract

Samples: Standard Office Lease (Wowio, Inc.)

Option Right. Landlord hereby grants the Tenant named in this Lease (the "Original Tenant") one (1) option ("Option") to extend the Lease Term for the entire Premises for a period of three five (35) years (the “an "Option Term"), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The rights contained in this Article 33 31 shall be personal to the Original Tenant and may only be exercised by the Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant’s 's interest in this Lease) if the Original Tenant occupies the entire Premises as of the date of Tenant’s 's Acceptance (as defined in Section 33(c31(c) below).

Appears in 1 contract

Samples: Office Lease (Inetvisionz Com Inc)

Option Right. Landlord hereby grants the Tenant named in this Lease (the “Original Tenant”"ORIGINAL TENANT") one (1) option (“Option”"OPTION") to extend the Lease Term for the entire Premises for a period of three (3) years (the “Option Term”an "OPTION TERM"), which Option option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The rights contained in this Article 33 31 shall be personal to the Original Tenant and may only be exercised by the Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant’s 's interest in this Lease) if the Original Tenant occupies the entire Premises as of the date of Tenant’s 's Acceptance (as defined in Section 33(c31(c) below).

Appears in 1 contract

Samples: Office Lease (Matchnet, Inc.)

Option Right. Landlord hereby grants the Tenant named in this Lease ------------ (the "Original Tenant") one (1) option ("Option") to extend the Lease Term for the entire Premises for a period of three (3) years (the “an "Option Term"), which Option option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The rights contained in this Article 33 31 shall be personal to the Original Tenant and may only be exercised by the Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant’s Tenant `s interest in this Lease) if the Original Tenant occupies the entire Premises as of the date of Tenant’s 's Acceptance (as defined in Section 33(c31(c) below).

Appears in 1 contract

Samples: Standard Office Lease (E Perception Inc)

Option Right. Landlord hereby grants the Tenant named in this Lease (the "Original Tenant") one (1) option (the "Option") to extend the Term for the entire Premises for a period of three five (35) years (the "Option Term"), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The rights contained in this Article 33 Section 32 shall be personal to the Original Tenant and may only be exercised by the Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant’s 's interest in this Lease) if the Original Tenant occupies the entire Premises as of the date of Tenant’s 's Acceptance (as defined in Section 33(c) 32C below).

Appears in 1 contract

Samples: Standard Office Lease (Ecotality, Inc.)

Option Right. Landlord hereby grants the Tenant named in this Lease (the “"Original Tenant") one (1) option (the "Option") to extend the Term for the entire Premises for a period of three (3) years (the "Option Term"), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The rights contained in this Article 33 31 shall be personal to the Original Tenant and may only be exercised by the Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant’s 's interest in this Lease) if the Original Tenant occupies the entire Premises as of the date of Tenant’s 's Acceptance (as defined in Section 33(c31(c) below).

Appears in 1 contract

Samples: Standard Office Lease (Auriga Laboratories, Inc.)

Option Right. Landlord hereby grants the Tenant named in this Lease (the “"Original Tenant") one (1) option ("Option") to extend the initial Term for the entire Premises for a period of three five (35) years (the “"Option Term"), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The rights contained in this Article 33 31 shall be personal to the Original Tenant and may only be exercised by the Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant’s 's interest in this Lease) if the Original Tenant occupies the entire Premises as of the date of Tenant’s 's Acceptance (as defined in Section 33(c31(c) below).

Appears in 1 contract

Samples: MFC Development Corp

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Option Right. Landlord hereby grants the Tenant named in this Lease (the “Original Tenant”) one (1) option (“Option”) to extend the Term for the entire Premises for a period of three five (35) years (the “Option Term”), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The rights contained in this Article 33 18 shall be personal to the Original Tenant and may only be exercised by the Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant’s interest in this Lease) if the Original Tenant occupies the entire Premises as of the date of Tenant’s Acceptance (as defined in Section 33(c) 18.3 below).

Appears in 1 contract

Samples: Form Office Lease (Lifevantage Corp)

Option Right. Landlord hereby grants the Tenant named in this Lease (the "Original Tenant") one (1) option (the "Option") to extend the Term for the entire Premises for a period of three five (35) years (the "Option Term"), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The rights contained in this Article 33 31 shall be personal to the Original Tenant and may only be exercised by the Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant’s 's interest in this Lease) if the Original Tenant occupies the entire Premises as of the date of Tenant’s 's Acceptance (as defined in Section 33(c31(c) below).

Appears in 1 contract

Samples: Standard Office Lease (Alliance Fiber Optic Products Inc)

Option Right. Landlord hereby grants the Original Tenant named in this Lease (the “Original Tenant”) one (1) option (“Option”) to extend the Term for the entire Premises for a period of three five (35) years only (the an “Option Term”), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The rights right contained in this Article 33 shall be personal to the Original Tenant and may only be exercised by the Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant’s interest in this Lease) if the Original Tenant occupies the entire Premises as of the date of Tenant’s Acceptance (as defined in Section 33(c) below).

Appears in 1 contract

Samples: Standard Office Lease (United Business Holdings, Inc)

Option Right. Landlord hereby grants the Tenant named in this Lease (the “Original Tenant”"ORIGINAL TENANT") one (1) option (“Option”"OPTION") to extend the Lease Term for the entire Premises for a period of three (3) years (the “Option Term”"OPTION TERM"), which Option option shall be exercisable only by written notice delivered by 31 Tenant to Landlord as set forth below. The rights contained in this Article 33 31 shall be personal to the Original Tenant and may only be exercised by the Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant’s 's interest in this Lease) if the Original Tenant occupies the entire Premises as of the date of Tenant’s 's Acceptance (as defined in Section 33(c31(c) below).

Appears in 1 contract

Samples: Defined Terms (On Village Communications Inc)

Option Right. Landlord hereby grants the Tenant named in this Lease (the “Original Tenant”) one One (1) option (“Option”) to extend the Lease Term for the entire Premises for a period of either three (3) or five (5) years (the “Option Term”) (to be determined by Tenant in its sole discretion), which Option shall be exercisable only by written notice delivered by Tenant to Landlord as set forth below. The rights contained in this Article 33 31 shall be personal to the Original Tenant and may only be exercised by the Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant’s interest in this Lease) if the Original Tenant occupies the entire Premises as of the date of Tenant’s Acceptance (as defined in Section 33(c31(c) below).

Appears in 1 contract

Samples: Standard Office Lease (Alliance Bancshares California)

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