Common use of Notice; Exercise Clause in Contracts

Notice; Exercise. Tenant shall give to Landlord written notice of Tenant's exercise of its option to so lease the Available Space within fifteen (15) days after the date on which Landlord gives Landlord's Offer to Tenant. If Tenant shall fail to exercise its option to lease the Available Space within said fifteen (15) days after the date on which Landlord's Offer is so given by Landlord, then Landlord shall be free to offer to lease and to lease such Available Space to others and Tenant's right to lease said Available Space which has been offered to Tenant shall be void and of no force or effect for the remainder of the Term of this Lease (Tenant's right hereunder being a one-time right as to each component of such Available Space which has been offered to Tenant), and Landlord may lease said Available Space to others upon such terms and for such periods as shall be acceptable to Landlord (it being agreed that time shall be of the essence in Tenant's delivery of the aforesaid notice to Landlord and that, if such written notice is not so delivered within the time aforesaid, Landlord will rely to its detriment on Tenant's failure to give such written notice)

Notice; Exercise. Tenant CapitalSource shall give to Landlord written notice of TenantCapitalSource's exercise of its option to so lease the Available 7th Floor Space within fifteen thirty (1530) days after the date on which Landlord gives Landlord's 7th Floor Offer to TenantCapitalSource. If Tenant CapitalSource shall fail to exercise its option to lease the Available 7th Floor Space within said fifteen thirty (1530) days after the date on which Landlord's 7th Floor Offer is so given by Landlord, then Landlord shall be free to offer to lease and to lease such Available 7th Floor Space to others and TenantCapitalSource's right to lease said Available 7th Floor Space which has been offered to Tenant shall be void and of no force or effect for the remainder of the Term of this Lease (TenantCapitalSource's right hereunder being a one-time right as to each component of such Available Space which has been offered to Tenant7th Floor Space), and Landlord may lease said Available 7th Floor Space to others upon such terms and for such periods as shall be acceptable to Landlord (it being agreed that time shall be of the essence in TenantCapitalSource's delivery of the aforesaid notice to Landlord and that, if such written notice is not so delivered within the time aforesaid, Landlord will rely to its detriment on TenantCapitalSource's failure to give such written notice).