Common use of Option Clause in Contracts

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant and delivered to Landlord, the Lease shall constitute an irrevocable offer by Tenant in effect for fifteen (15) days to lease the Premises on the terms and conditions herein contained.

Appears in 41 contracts

Samples: Workletter Agreement (INSU Acquisition Corp. II), Workletter Agreement (Guardant Health, Inc.), Workletter Agreement (Guardant Health, Inc.)

AutoNDA by SimpleDocs

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the this Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant and delivered to Landlord, the this Lease shall constitute an irrevocable offer by Tenant in effect for fifteen (15) days to lease the Premises on the terms and conditions herein contained.

Appears in 8 contracts

Samples: Work Agreement (Caribou Biosciences, Inc.), Sublease (Dynavax Technologies Corp), Work Agreement (Caribou Biosciences, Inc.)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and TenantXxxxxx. The submission of the this Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant Xxxxxx and delivered to Landlord, the this Lease shall constitute an irrevocable offer by Tenant in effect for fifteen (15) days to lease the Premises on the terms and conditions herein contained.

Appears in 7 contracts

Samples: Workletter Agreement (Kyverna Therapeutics, Inc.), Workletter Agreement (Kyverna Therapeutics, Inc.), Sub Sublease (Carmot Therapeutics Inc.)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant and delivered to Landlord, the Lease except that it shall constitute an irrevocable offer by on the part of Tenant in effect for fifteen (15) days to lease the Premises on the terms and conditions herein contained.

Appears in 6 contracts

Samples: Office Lease Agreement (E2open Inc), Initial Premises Workletter Agreement (FSP 303 East Wacker Drive Corp.), Office Lease Agreement (Citadel Security Software Inc)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant and delivered to Landlord, the Lease except that it shall constitute an irrevocable offer by on the part of Tenant in effect for fifteen ten (1510) days to lease the Premises on the terms and conditions herein contained.

Appears in 2 contracts

Samples: Lease (FSP 303 East Wacker Drive Corp.), Office Lease (Genesis Energy Lp)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the this Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant and delivered to Landlord, the this Lease shall constitute an irrevocable offer by Tenant in effect for fifteen two (152) days to lease the Premises on the terms and conditions herein contained.

Appears in 1 contract

Samples: Workletter Agreement (Gritstone Oncology, Inc.)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but except that when it is executed by Tenant and delivered to Landlord or Landlord's agent, the Lease it shall constitute an irrevocable offer by on the part of Tenant to the Landlord in effect for fifteen (15) days to lease the Premises on the terms and conditions herein contained.

Appears in 1 contract

Samples: Work Letter Agreement (Planvista Corp)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed except that it shall, after execution by Tenant and delivered to LandlordTenant, the Lease shall constitute an irrevocable offer by on the part of Tenant in effect for fifteen (15) days to lease the Premises on the terms and conditions herein contained.

Appears in 1 contract

Samples: Office Lease (Amber Road, Inc.)

Option. ​ This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant and delivered to Landlord, the Lease shall constitute an irrevocable offer by Tenant in effect for fifteen (15) days to lease the Premises on the terms and conditions herein contained.

Appears in 1 contract

Samples: Workletter Agreement (Lemonade, Inc.)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant and delivered to Landlord, the Lease shall constitute an irrevocable offer by Tenant in effect for fifteen ten (1510) days to lease the Premises on the terms and conditions herein contained.

Appears in 1 contract

Samples: Lease (Argonaut Technologies Inc)

AutoNDA by SimpleDocs

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but except that when it is executed by Tenant and delivered to Landlord or Landlord’s agent, the Lease it shall constitute an irrevocable offer by on the part of Tenant to the Landlord in effect for fifteen (15) days to lease the Premises on the terms and conditions herein contained.

Appears in 1 contract

Samples: Lease (Rewards Network Inc)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and TenantTxxxxx. The submission of the this Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant Txxxxx and delivered to Landlord, the this Lease shall constitute an irrevocable offer by Tenant in effect for fifteen (15) days to lease the Premises on the terms and conditions herein contained.

Appears in 1 contract

Samples: Office/Laboratory Lease (OmniAb, Inc.)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant and delivered to Landlord, the Lease except that it shall constitute an irrevocable offer by on the part of Tenant in effect for fifteen sixty (1560) days to lease the Premises on the terms and conditions herein contained.

Appears in 1 contract

Samples: General Release and Novation Agreement (Lightfirst Inc)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant and delivered to Landlord, the Lease shall constitute an irrevocable offer by Tenant in effect for fifteen five (155) days to lease the Premises on the terms and conditions herein contained.

Appears in 1 contract

Samples: Commencement Date Agreement (NovaBay Pharmaceuticals, Inc.)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and TenantXxxxxx. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant and delivered to Landlord, the Lease except that it shall constitute an irrevocable offer by on the part of Tenant in effect for fifteen five (155) business days to lease the Premises on the terms and conditions herein contained.

Appears in 1 contract

Samples: Exhibit Number (Northern Trust Corp)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant and delivered to Landlord, the Lease shall constitute an irrevocable offer by Tenant in effect for fifteen seven (157) business days to lease the Premises on the terms and conditions herein contained.

Appears in 1 contract

Samples: Workletter Agreement (Bolt Biotherapeutics, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.