Failure to Exercise Option. If Tenant does not exercise this Option in accordance with its terms and before the Expiration Date (or Extended Expiration Date, if applicable), this Option and the rights of Tenant hereunder will automatically and immediately terminate without notice. If Tenant fails to exercise this Option, Landlord will retain the sum paid as consideration for this Option.
Appears in 7 contracts
Samples: Comprehensive Agreement, Option to Lease, Option to Lease
Failure to Exercise Option. If Tenant does not exercise this Option in accordance with its terms and before the Expiration Date (or Extended Expiration Date, if applicable), this Option and the rights of Tenant hereunder will automatically and immediately terminate without notice. If In the event Tenant fails to exercise this Option, Landlord will retain the sum paid as consideration for this Option.
Appears in 1 contract
Samples: Option to Purchase
Failure to Exercise Option. If Tenant does not exercise this Option in accordance with its terms and before the Expiration Date (or Extended Expiration Date, if applicable), this Option and the rights of Tenant hereunder will automatically and immediately terminate without notice. If In the event Tenant fails to exercise this Option, Landlord will retain the sum paid as consideration for this Option.
Appears in 1 contract
Samples: Option to Lease
