Common use of Effect of Default on Options Clause in Contracts

Effect of Default on Options. Tenant shall have no right to exercise an Option (i) during the time commencing from the date Landlord gives to Tenant a notice of default pursuant to Section 13.1 and continuing until the noncompliance alleged in said notice of default is cured, or (ii) if Tenant is in default of any of the terms, covenants or conditions of this Lease. The period of time within which an Option may be exercised shall not be extended or enlarged by reason of Tenant's inability to exercise an Option because of the provisions of this Section 26.4.

Appears in 5 contracts

Sources: Standard Office Lease (Echo Therapeutics, Inc.), Standard Office Lease (Emisphere Technologies Inc), Standard Office Lease (Pdi Inc)

Effect of Default on Options. Tenant shall have no right to exercise an Option (i) during the time commencing from the date Landlord gives to Tenant a notice of default pursuant to Section 13.1 and continuing until the noncompliance alleged in said notice of default is cured, or (ii) if Tenant is in default of any of the terms, covenants or conditions of this Lease. The period of time within which an Option may be exercised shall not be extended or enlarged by reason of Tenant's ’s inability to exercise an Option because of the provisions of this Section 26.4.

Appears in 2 contracts

Sources: Standard Office Lease (Wilshire Enterprises Inc), Lease Agreement (Regenerx Biopharmaceuticals Inc)

Effect of Default on Options. Tenant shall have no right to exercise an Option (i) during the time commencing from the date Landlord gives to Tenant a notice of default pursuant to Section 13.1 and continuing until the noncompliance alleged in said notice of default is cured, or (ii) if Tenant is in default of any of the terms, covenants or conditions of this Lease. The period of time within which an Option may be exercised shall not be extended or enlarged by reason of Tenant's inability to exercise an Option because of the provisions of this Section 26.427.4.

Appears in 2 contracts

Sources: Office Lease (Motivating the Masses Inc), Office Lease (Auxilio Inc)

Effect of Default on Options. Tenant shall have no right to exercise an Option (i) during the time commencing from the date Landlord gives to Tenant a notice of default pursuant to Section 13.1 and continuing until the noncompliance alleged in said notice of default is cured, or (ii) if Tenant is in default of any of the terms, covenants or conditions of this Lease. The period of time within which an Option may be exercised shall not be extended or enlarged by reason of Tenant's ’s inability to exercise an Option because of the provisions of this Section 26.427.4.

Appears in 2 contracts

Sources: Standard Office Lease (ProNAi Therapeutics Inc), Standard Office Lease (Universal Electronics Inc)

Effect of Default on Options. Tenant shall have no right to exercise an Option (i) during the time commencing from the date Landlord gives to Tenant a notice of default pursuant to Section 13.1 section 16.1 and continuing until the noncompliance alleged in said notice of default is cured, or (ii) if Tenant is in default of any of the terms, covenants or conditions of this Lease. The period of time within which an Option may be exercised shall not be extended or enlarged by reason of Tenant's inability to exercise an Option because of the provisions of this Section 26.4section.

Appears in 2 contracts

Sources: Standard Industrial Lease (Homegrocer Com Inc), Standard Industrial Lease (Jabil Circuit Inc)

Effect of Default on Options. Tenant shall have no right to ---------------------------- exercise an Option (i) during the time commencing from the date Landlord gives to Tenant a notice of default pursuant to Section 13.1 11 and continuing until the noncompliance alleged in said notice of default is cured, or (ii) if Tenant is in default of any of the terms, covenants or conditions of this Lease. The period of time within which an Option may be exercised shall not be extended or enlarged by reason of Tenant's inability to exercise an Option because of the provisions of this Section 26.425(d).

Appears in 1 contract

Sources: Deed of Lease (Noosh Inc)

Effect of Default on Options. Tenant shall have no right to exercise an Option (i) during the time commencing from the date Landlord gives to Tenant a notice of default pursuant to Section 13.1 and continuing until the noncompliance alleged in said notice of default is cured, or (ii) if Tenant is in default of any of the terms, covenants covenants, or conditions of this Lease. The period of time within which an Option may be exercised shall not be extended or enlarged by reason of Tenant's ’s inability to exercise an Option because of the provisions of this Section 26.4.

Appears in 1 contract

Sources: Office Lease Agreement (Cross Country Healthcare Inc)

Effect of Default on Options. Tenant shall have no right to exercise an Option (i) during the time commencing from the date Landlord gives to Tenant a notice of default pursuant to Section 13.1 and continuing until the noncompliance alleged in said notice of default is cured, or (ii) if Tenant is in default of any of the terms, covenants or conditions of this LeaseLease after expiration of the notice and cure periods set forth in Section 13.1. The period of time within which an Option may be exercised shall not be extended or enlarged by reason of Tenant's inability to exercise an Option because of the provisions of this Section 26.4.

Appears in 1 contract

Sources: Deed of Lease (Jaymark Inc)

Effect of Default on Options. Tenant shall have no right to exercise an Option (i) during the time commencing from the date Landlord gives to Tenant a notice of default pursuant to Section 13.1 16.1 and continuing until the noncompliance alleged in said notice of default is cured, or (ii) if Tenant is in default of any of the terms, covenants or conditions of this Lease. The period of time within which an Option may be exercised shall not be extended or enlarged by reason of Tenant's ’s inability to exercise an Option because of the provisions of this Section 26.4section.

Appears in 1 contract

Sources: Standard Industrial Lease (Intuity Medical, Inc.)

Effect of Default on Options. Tenant shall have no right to exercise an Option (i) during the time commencing from the date Landlord gives to Tenant a notice of default pursuant to Section 13.1 section 16.1 and continuing until the noncompliance alleged in said notice of default is cured, or (ii) if Tenant is in default of any of the terms, covenants or conditions of this LeaseLease beyond any applicable notice or cure periods. The period of time within which an Option may be exercised shall not be extended or enlarged by reason of Tenant's ’s inability to exercise an Option because of the provisions of this Section 26.4section.

Appears in 1 contract

Sources: Standard Industrial Lease (Source Photonics Inc)

Effect of Default on Options. Tenant shall have no right to exercise an Option (i) during the time commencing from the date Landlord gives to Tenant a notice of default pursuant to Section section 13.1 and continuing until the noncompliance alleged in said notice of default is cured, or (ii) if Tenant is in default of any of the terms, covenants or conditions of this Lease. The period of time within which an Option may be exercised shall not be extended or enlarged by reason of Tenant's ’s inability to exercise an Option because of the provisions of this Section 26.4section 27.4.

Appears in 1 contract

Sources: Office Lease (Ign Entertainment Inc)

Effect of Default on Options. Tenant shall have no right to exercise an Option (i) during the time commencing from the date Landlord gives to Tenant a notice of default pursuant to Section 13.1 17.1 and continuing until the noncompliance alleged in said notice of default is cured, or (ii) if Tenant is in default of any of the terms, covenants or conditions of this LeaseLease continuing beyond any notice and cure period. The period of time within which an Option may be exercised shall not be extended or enlarged by reason of Tenant's inability to exercise an Option because of the provisions of this Section 26.4section.

Appears in 1 contract

Sources: Standard Lease (Ambarella Inc)

Effect of Default on Options. Tenant shall have no right to exercise an Option (i) during the time commencing from the date Landlord gives to Tenant a notice of default pursuant to Section 13.1 and continuing until the noncompliance alleged in said notice of default is cured, or (ii) if Tenant is in default beyond applicable notice and cure periods of any of the terms, covenants or conditions of this Lease. The period of time within which an Option may be exercised shall not be extended or enlarged by reason of Tenant's inability to exercise an Option because of the provisions of this Section 26.4.

Appears in 1 contract

Sources: Lease Agreement (Rexahn Pharmaceuticals, Inc.)

Effect of Default on Options. Tenant shall have no right to exercise an Option (i) during the time commencing from the date Landlord gives to Tenant a notice of default pursuant to Section section 13.1 and continuing until the noncompliance alleged in said notice of default is cured, or (ii) if Tenant is in default of any of the terms, covenants or conditions of this Lease. The period of time within which an Option may be exercised shall not be extended or enlarged by reason of Tenant's inability to exercise an Option because of the provisions of this Section 26.4section 27.4.

Appears in 1 contract

Sources: Standard Office Lease (United Panam Financial Corp)