Tenant Election definition
Examples of Tenant Election in a sentence
In addition, if Tenant does not deliver to Landlord its Tenant Election Notice within such ten (10) business day period, Tenant’s rights under this Paragraph 40 shall terminate with respect to such First Right Space.
If Tenant wishes to exercise Tenant's right of first offer with respect to the space described in the First Offer Notice, then within seven (7) business days after delivery of the First Offer Notice to Tenant ("Election Date"), Tenant shall deliver notice to Landlord of Tenant's exercise of its right of first offer with respect to the entire space described in the First Offer Notice and on the First Offer Economic Terms contained therein.
If Tenant shall fail to deliver such Tenant Election Notice prior to the first anniversary of the Commencement Date, then Landlord shall have the right to lease all or any portion of such Additional Space to any third party on any terms Landlord shall elect and Tenant shall have no further right whatsoever to lease all or any portion of the Additional Space.
If Tenant does not deliver to Landlord its Tenant Election Notice within such seven (7) business day period, Landlord shall be entitled to complete the transaction with the party with whom Landlord is negotiating or, within one hundred twenty (120) days following the Offer Notice Deadline, with any other tenant for the space described in the Offer Notice.
If Tenant fails to timely give the Early Entry Tenant Election Notice, then it shall be deemed that Tenant has elected not to enter the Building to construct Tenant Improvements until the Substantial Completion Date.
If Tenant elects to exercise the In-Water Areas Option, then Tenant shall give Landlord notice (the “Tenant Election Notice”) thereof and shall designate in the Tenant Election Notice the In-Water Areas Tenant elects to lease, i.e., the North In-Water Areas, the South In-Water Areas or the entire In-Water Areas (the In-Water Areas designated in a Tenant Election Notice or designated in an In-Water Areas Offer Notice pursuant to Section 2.05(b), the “Applicable In-Water Area”).
If a Qualified Tenant does not elect the buyout option under Section 5 above, such Qualified Tenant shall be deemed to have elected to remain a tenant in the Housing Accommodation and shall execute a Lease Addendum to such effect (in the form of Exhibit C) no later than the Tenant Election Deadline (the “Rental Option”).
Within seven (7) days after receipt of such notice, Tenant shall provide written notice to Landlord of its election to either (i) proceed to closing under the Colorado Mills Purchas▇ ▇▇▇ Sale Agreement; or (ii) terminate the Lease in which event this Lease will be null and void and of no further force and effect (the "Tenant Election Notice").
This Penobscot Option is exercisable by written notice from Tenant to Landlord ("Election Notice") no later than ten (10) days after Landlord's Notice to Tenant ("Election Notice Period").
If Tenant wishes to exercise Tenant's right of first refusal with respect to the space described in the First Refusal Notice, then within five (5) business days after delivery of the First Refusal Notice to Tenant ("Election Date"), Tenant shall deliver an unconditional, irrevocable notice to Landlord of Tenant's exercise of its right of first refusal with respect to the entire space described in the First Refusal Notice and on the First Refusal Economic Terms contained therein.