Common use of Term Limitation Clause in Contracts

Term Limitation. Notwithstanding any other provision relating to the Expansion Option, Tenant shall not be entitled to exercise the Expansion Option if the remaining Term under the Lease (not including unexercised options to extend the Term) is less than one (1) year.

Appears in 2 contracts

Sources: Expansion Lease (Senomyx Inc), Expansion Lease (Senomyx Inc)

Term Limitation. Notwithstanding any other provision relating to the Expansion OptionRight, Tenant shall not be entitled to exercise the Expansion Option Right if the remaining Term under the Lease (not including unexercised options to extend the Term) is less than one (1) year.

Appears in 1 contract

Sources: Lease (Axys Pharmecueticals Inc)