Common use of Option Personal Clause in Contracts

Option Personal. The option to extend under this Addendum is applicable only for the original party signing the Lease as “Tenant” as of the date of the Lease and an assignee under a Permitted Transfer (as defined in section 14.1F of the Lease), but may not be relied upon or exercise by any other assignee, subtenant, transferee under a Transfer.

Appears in 2 contracts

Sources: Lease (Neophotonics Corp), Lease (Neophotonics Corp)

Option Personal. The option to extend under this Addendum is applicable only for the original party signing the Lease as "Tenant" as of the date of the Lease and an assignee such Tenant's transferee under a Permitted Transfer (as defined in section sections 14.1F or 14.1G of the Lease), but may not be relied upon or exercise by any other assignee, subtenantsublessee, transferee under a TransferTransfer or any other successor to Tenant.

Appears in 1 contract

Sources: Lease (All American Semiconductor Inc)