Common use of Tenant’s Notice Clause in Contracts

Tenant’s Notice. If Tenant desires to assign this Lease --------------- or sublet all or any portion of the Premises in a transaction for which Landlord's consent is required hereunder, Tenant shall give notice thereof to Landlord, which shall be accompanied by (a) with respect to an assignment of this Lease, the date Tenant desires the assignment to be effective, and (b) with respect to a sublet of all or a part of the Premises, (i) the material business terms on which Tenant would sublet such premises, and (ii) a description of the portion of the Premises to be sublet. Such notice shall be deemed an offer from Tenant to Landlord whereby Landlord (or Landlord's designee) shall be granted the right, at Landlord's option, (1) with respect to a sublease for a term expiring no earlier than six (6) months prior to the Expiration Date, to terminate this Lease with respect to such space as Tenant proposes to sublease (the "Partial Space"), upon the terms and conditions hereinafter set forth, or (2) if the proposed transaction is an assignment of this Lease, to terminate this Lease. Such option may be exercised by notice from Landlord to Tenant within ten (10) Business Days after Landlord's receipt of Tenant's notice; provided, however, that Landlord shall have no such option to terminate this Lease with respect to any such proposed subletting unless on the date of such proposed transaction Tenant is occupying less than fifty percent (50%) of the rentable area of the Premises.

Appears in 1 contract

Samples: Lease (Portal Software Inc)

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Tenant’s Notice. If Tenant desires to assign this Lease --------------- or sublet all or any portion of the Premises in a transaction for which Landlord's consent is required hereunderPremises, Tenant shall give notice thereof to Landlord, which shall be accompanied by (ai) with respect to an assignment of this Lease, the date Tenant desires the assignment to be effective, and (bii) with respect to a sublet of all or a part of the Premises, (iA) the material business terms on which Tenant would sublet such premises, and (iiB) a description of the portion of the Premises to be sublet. Such notice shall be deemed an irrevocable offer from Tenant to Landlord whereby Landlord (or Landlord's ’s designee) shall be granted the right, at Landlord's ’s option, (1) with respect to a sublease for a term expiring no earlier than six (6) months prior to the Expiration Date, to terminate this Lease with respect to such space as Tenant proposes to sublease, provided the term of the proposed sublease (expires less than 18 months before the "Partial Space")Expiration Date, upon the terms and conditions hereinafter set forth, or (2) if the proposed transaction is an assignment of this LeaseLease or a subletting of 75% or more of the rentable square footage of the Premises expiring less than 18 months before the Expiration Date, to terminate this LeaseLease with respect to the entire Premises. Such option may be exercised by notice from Landlord to Tenant within ten (10) Business Days 30 days after Landlord's ’s receipt of Tenant's ’s notice; provided, however, that Landlord shall have no such option to terminate this Lease with respect to any such proposed subletting unless on the date of such proposed transaction Tenant is occupying less than fifty percent (50%) of the rentable area of the Premises.

Appears in 1 contract

Samples: Lease (Greenhill & Co Inc)

Tenant’s Notice. (a) If Tenant desires to assign this Lease --------------- or sublet all or any portion of the Premises in a transaction for which Landlord's consent is required hereunderPremises, Tenant shall give notice thereof ("Tenant's A/S Notice") to Landlord, which shall be accompanied by (ai) with respect to an assignment of this Lease, the date Tenant desires the assignment to be effective, and (bii) with respect to a sublet of all or a part of the Premises, (iA) the material business terms on which Tenant would sublet such premises, and (iiB) a description of the portion of the Premises to be sublet. Such notice shall be deemed an offer from Tenant to Landlord whereby Landlord (or Landlord's designee) shall be granted the right, at Landlord's option, (1) with respect to a sublease for a term expiring no earlier than six (6) months prior to the Expiration Date, to terminate this Lease with respect to such space as Tenant proposes to sublease, provided the term of the proposed sublease (expires less than 18 months before the "Partial Space")Expiration Date, upon the terms and conditions hereinafter set forth, or (2) if the proposed transaction is an assignment of this LeaseLease or a subletting of 75% or more of the rentable square footage of the Premises, to terminate this LeaseLease with respect to the entire Premises. Such option may be exercised by notice from Landlord to Tenant within ten (10) Business Days 30 days after Landlord's receipt of Tenant's notice; provided, however, that Landlord shall have no such option to terminate this Lease with respect to any such proposed subletting unless on the date of such proposed transaction Tenant is occupying less than fifty percent (50%) of the rentable area of the Premises.

Appears in 1 contract

Samples: Disturbance and Attornment Agreement (Advent Software Inc /De/)

Tenant’s Notice. If Tenant desires to assign this Lease --------------- or sublet all or any portion of the Premises in a transaction for which Landlord's consent is required hereunderPremises, Tenant shall give notice thereof to Landlord, which shall be accompanied by (ai) with respect to an assignment of this Lease, the date Tenant desires the assignment to be effective, and (bii) with respect to a sublet of all or a part of the Premises, (iA) the material business terms on which Tenant would sublet such premises, and (iiB) a description of the portion of the Premises to be sublet. Such notice shall be deemed an irrevocable offer from Tenant to Landlord whereby Landlord (or Landlord's designee) shall be granted the right, at Landlord's option, (1) with respect to a sublease for a term expiring no earlier than six (6) months prior to the Expiration Date, to terminate this Lease with respect to such space as Tenant proposes to sublease, provided such space consists of at least 75% of the Premises and the term of the proposed sublease is for a period equal to 75% or more of the remaining term of this Lease (the "Partial Space"), without giving effect to any renewal thereof which Tenant has not then exercised) upon the terms and conditions hereinafter set forth, or (2) if the proposed transaction is an assignment of this LeaseLease or a subletting of 75% or more of the rentable square footage of the Premises for a period equal to 75% or more of the term of this Lease (without giving effect to any renewal thereof which Tenant has not then exercised), to terminate this LeaseLease with respect to the entire Premises. Such option may be exercised by notice from Landlord to Tenant within ten (10) Business Days 45 days after Landlord's receipt of Tenant's notice; provided, however, that Landlord shall have no such option to terminate this Lease with respect to any such proposed subletting unless on the date of such proposed transaction Tenant is occupying less than fifty percent (50%) of the rentable area of the Premises.

Appears in 1 contract

Samples: Attornment Agreement (Greenhill & Co Inc)

Tenant’s Notice. If Tenant desires to assign this --------------- Lease --------------- or sublet all or any portion of the Premises in a transaction for which Landlord's consent is required hereunder, Tenant shall give notice thereof to Landlord, which shall be accompanied by (a) with respect to an assignment of this Lease, the date Tenant desires the assignment to be effective, and (b) with respect to a sublet of all or a part of the Premises, (i) the material business terms on which Tenant would sublet such premises, and (ii) a description of the portion of the Premises to be sublet. Such notice shall be deemed an offer from Tenant to Landlord whereby Landlord (or Landlord's designee) shall be granted the right, at Landlord's option, (1) with respect to a sublease for a term expiring no earlier than six (6) months prior to the Expiration Date, to terminate this Lease with respect to such space as Tenant proposes to sublease (the "Partial Space"), upon the terms and conditions hereinafter set forth, or (2) if the proposed transaction is an assignment of this Lease, to terminate this Lease. Such option may be exercised by notice from Landlord to Tenant within ten (10) Business Days after Landlord's receipt of Tenant's notice; provided, however, that Landlord shall have no such option to terminate this Lease with respect to any such proposed subletting unless on the date of such proposed transaction Tenant is occupying less than fifty percent (50%) of the rentable area of the Premises.

Appears in 1 contract

Samples: Lease (Portal Software Inc)

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Tenant’s Notice. If Tenant desires to assign this Lease --------------- or sublet all or any portion of the Premises in a transaction for which and Landlord's ’s consent thereto is required hereunderunder this Lease, Tenant shall give notice thereof to Landlord, which shall be accompanied by (a) with respect to an assignment of this Lease, the date Tenant desires the assignment to be effective, and (b) with respect to a sublet of all or a part of the Premises, (i) the material business terms on which Tenant would sublet such premises, and (ii) a description of the portion of the Premises to be subletsublet and the commencement date of such sublease. Such notice shall be deemed an a twenty (20) day offer (which may be revoked by Tenant by delivering written notice to Landlord of such revocation (“Tenant’s Revocation Right”) at any time for a period of up to five (5) Business Days after Xxxxxxxx’s acceptance of the recapture offer, if applicable) from Tenant to Landlord whereby Landlord (or Landlord's designee) shall be granted of the right, at Landlord's ’s option, (1) with respect if the proposed transaction is an assignment of this Lease to a sublease for a term expiring no earlier than six (6) months prior to the Expiration Datenon-Related Entity, to terminate this Lease with respect to such space as Tenant proposes to sublease (the "Partial Space"), upon the terms and conditions hereinafter set forthentire Premises, or (2) if the proposed transaction is an assignment a sublease of twenty-five percent (25%) or more of the rentable square footage of the Premises (inclusive of any then subleased space at the Premises and any proposed sublease space) to a non-Related Entity or the term of such sublease to a non-Related Entity (including any extension options provided for under the sublease) would expire during the last twelve (12) months of the Term of this Lease, Lease (without regard to terminate any then unexercised extension options under this Lease. Such option may be exercised by notice from Landlord to Tenant within ten (10) Business Days after Landlord's receipt of Tenant's notice; provided), however, that Landlord shall have no such option to terminate this Lease with respect to any such proposed subletting unless on the date of such proposed transaction space that Tenant is occupying less than fifty percent (50%) of the rentable area of the Premises.proposes

Appears in 1 contract

Samples: Deed of Lease (Carlyle Group L.P.)

Tenant’s Notice. (a) If Tenant desires to assign this Lease --------------- or sublet all or any portion of the Premises in a transaction for which Landlord's consent is required hereunderPremises, Tenant shall give notice thereof to Landlord, which shall be accompanied by (ai) with respect to an assignment of this Lease, the date Tenant desires the assignment to be effective, and (bii) with respect to a sublet of all or a part of the Premises, (iA) the material business terms on which Tenant would sublet such premises, and (iiB) a description of the portion of the Premises to be sublet. Such notice shall be deemed an irrevocable offer from Tenant to Landlord whereby Landlord (or Landlord's designee) shall be granted the right, at Landlord's option, (1) with respect to a sublease for a term expiring no earlier than six (6) months prior to the Expiration Date, to terminate this Lease with respect to such space as Tenant proposes to sublease, provided the term of the proposed sublease (expires less than 18 months before the "Partial Space")Expiration Date, upon the terms and conditions hereinafter set forth, or (2) if the proposed transaction is an assignment of this LeaseLease or a subletting of 75% or more of the rentable square footage of the Premises expiring less than 18 months before the Expiration Date, to terminate this LeaseLease with respect to the entire Premises. Such option may be exercised by notice from Landlord to Tenant within ten (10) Business Days 45 days after Landlord's receipt of Tenant's notice; provided, however, that Landlord shall have no such option to terminate this Lease with respect to any such proposed subletting unless on the date of such proposed transaction Tenant is occupying less than fifty percent (50%) of the rentable area of the Premises.

Appears in 1 contract

Samples: Disturbance and Attornment Agreement (Greenhill & Co Inc)

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