Expansion Rights and Obligations Sample Clauses

Expansion Rights and Obligations. Upon execution of this Lease -------------------------------- Amendment and continuing until the date one (1) year from the date of execution of this Lease Amendment (the "Put Date"), Tenant shall have a right of first refusal to lease the premises located on the first floor of the Building, consisting of approximately 7974 square feet and shown on the Plan Attached hereto as Exhibit A (the "Expansion Premises"), subject to the terms and conditions of this Section 11. If Landlord has reached an agreement with another tenant to lease the Expansion Premises for a specified rent and a specified allowance for tenant improvements (which allowance may be equal to zero), then Landlord shall provide written notice to Tenant of such agreement and Tenant shall have 7 days from the date of Landlord's notice to provide written notice to Landlord that Tenant desires to lease the Expansion Premises on the terms set forth in Landlord's notice (except that under all circumstances if Tenant leases the Expansion Premises the term of the lease with respect to the Expansion Premises shall be coterminous with the term of the Lease) . If Tenant provides such notice, Tenant shall have 7 days from the date of Tenant's notice to enter a lease amendment for the Expansion Premises prepared by Landlord reflecting the terms of Landlord's notice. If Tenant fails to either provide its notice or to execute and deliver the required lease amendment within the time required, Landlord shall be free to lease the Expansion Premises to any party on terms not more favorable to the tenant than those described in Landlord's notice. If the terms of any subsequent agreement to lease the Expansion Premises to another tenant are more favorable to the tenant than the terms contained in the original Landlord's notice, Landlord shall be required to again initiate the procedure provided for in this Section and allow Tenant the right to lease the Expansion Premises pursuant to the terms of such more favorable agreement. Tenant's rights under this Section shall only apply if at both the time of delivery of Tenant's notice and at the time of execution of the lease amendment for the Expansion Premises there exists no event of default that remains uncured. In addition to the foregoing, Tenant agrees that in consideration of Landlord's granting Tenant the right of first refusal with respect to the Expansion Premises, Tenant agrees that if Landlord has not entered an agreement to lease the Expansion Premises to ...
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Expansion Rights and Obligations. Tenant shall have the right to lease certain additional space within the Life Sciences Center comprised of approximately six thousand (6,000) rentable square feet (such space herein the "FIRST EXPANSION SPACE"). The right to lease the First Expansion Space may be exercised by written notice from the Tenant to the Landlord not less than thirty (30) days prior to desired occupancy date at any time from the Commencement Date until the date which is Eighteen (18) months from the Commencement Date (herein the "FIRST EXPANSION EXPIRATION DATE"). In the event Tenant has not exercised such right on or before the First Expansion Expiration Date, such right shall be deemed automatically withdrawn and of no force and effect.
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Expansion Rights and Obligations 
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Related to Expansion Rights and Obligations

  • Additional Rights and Obligations If the Company issues securities in its next equity financing (other than a transaction with a strategic partner that involves a financing) within 180 days after the date hereof (the “Next Financing”) that (a) have rights, preferences or privileges that are more favorable than the terms of the Securities, such as price-based anti-dilution protection, or (b) provide all such future investors other contractual terms such as registration rights, the Company shall provide substantially equivalent rights to the Subscriber with respect to the Securities (with appropriate adjustment for economic terms or other contractual rights), subject to such Subscriber’s execution of any documents, including, if applicable, investor rights, co-sale, voting, and other agreements, executed by the investors purchasing securities in the Next Financing (such documents, the “Next Financing Documents”). Notwithstanding anything herein to the contrary, upon the execution and delivery of the Next Financing Documents by Subscriber holding a majority of the then-outstanding Securities, this Subscription Agreement (excluding any then-existing and outstanding obligations) shall be amended and restated by and into such Next Financing Documents and shall be terminated and of no further force or effect.

  • Rights and Obligations Except as expressly set forth in this Agreement, no Member, in its capacity as a Member, will have any right, power or authority to transact any business in the name of the Series, participate in the management of the Series or to act for or on behalf of or to bind the Series. A Member will have no rights other than those specifically provided herein or granted by law. Except as required by the Act, no Member, solely by reason of being a member, shall be liable for the debts, liabilities, obligations or expenses of the Series.

  • Continuing Rights and Obligations After the satisfaction and discharge of this Indenture, this Indenture will continue for (i) rights of registration of transfer and exchange, (ii) replacement of mutilated, destroyed, lost or stolen Notes, (iii) the rights of the Noteholders to receive payments of principal of and interest on the Notes, (iv) the obligations of the Indenture Trustee and any Note Paying Agent under Section 3.3, (v) the rights, obligations and immunities of the Indenture Trustee under this Indenture and (vi) the rights of the Secured Parties as beneficiaries of this Indenture in the property deposited with the Indenture Trustee payable to them for a period of two years after the satisfaction and discharge.

  • Parties' Rights and Obligations If during the Term there is any Taking of all or any part of the Leased Property or any interest in this Lease by Condemnation, the rights and obligations of the parties shall be determined by this Article XV.

  • Other Rights and Obligations 1. The Entrustor shall transfer the entrusted funds into its account for entrustment loans on a timely basis. The Lender will not commence disbursement procedures in accordance with the entrustment loan agreement and the loan contract etc. until the entrusted funds of the Entrustor have been deposited into its account for entrustment loans.

  • Independent Nature of Rights and Obligations Nothing contained herein, and no action taken by any party pursuant hereto, shall be deemed to constitute Investor and the Sponsor as, and the Sponsor acknowledges that Investor and the Sponsor do not so constitute, a partnership, an association, a joint venture or any other kind of entity, or create a presumption that Investor and the Sponsor are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement or any matters, and the Sponsor acknowledges that Investor and the Sponsor are not acting in concert or as a group, and the Sponsor shall not assert any such claim, with respect to such obligations or the transactions contemplated by this Agreement.

  • Party A’s Rights and Obligations 1. Party A guarantees that the products provided meet the quality and hygiene standards stipulated by the state;

  • Absolute Rights and Obligations This is a guaranty of payment and not of collection. The Guarantors’ Obligations under this Guaranty Agreement shall be joint and several, absolute and unconditional irrespective of, and each Guarantor hereby expressly waives, to the extent permitted by law, any defense to its obligations under this Guaranty Agreement and all Security Instruments to which it is a party by reason of:

  • Rights and Obligations of Members A. No Member shall be obligated to make capital contributions to the Company except as provided in Section 9A.

  • Rights and Obligations of the Parties 2.1 During the term of this Agreement, Party A’s rights and obligations include:

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