Common use of Option Clause in Contracts

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant and delivered to Landlord, the Lease shall constitute an irrevocable offer by Tenant in effect for fifteen (15) days to lease the Premises on the terms and conditions herein contained.

Appears in 41 contracts

Sources: Office Lease (INSU Acquisition Corp. II), Lease Agreement (Guardant Health, Inc.), Lease Agreement (Guardant Health, Inc.)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant▇▇▇▇▇▇. The submission of the this Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant ▇▇▇▇▇▇ and delivered to Landlord, the this Lease shall constitute an irrevocable offer by Tenant in effect for fifteen (15) days to lease the Premises on the terms and conditions herein contained.

Appears in 8 contracts

Sources: Office/Laboratory Lease (BioAge Labs, Inc.), Office/Laboratory Lease (Kyverna Therapeutics, Inc.), Office/Laboratory Lease (Kyverna Therapeutics, Inc.)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the this Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant and delivered to Landlord, the this Lease shall constitute an irrevocable offer by Tenant in effect for fifteen (15) days to lease the Premises on the terms and conditions herein contained.

Appears in 8 contracts

Sources: Office/Laboratory Lease (Caribou Biosciences, Inc.), Sublease (Dynavax Technologies Corp), Office/Laboratory Lease (Caribou Biosciences, Inc.)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant and delivered to Landlord, the Lease except that it shall constitute an irrevocable offer by on the part of Tenant in effect for fifteen (15) days to lease the Premises on the terms and conditions herein contained.

Appears in 6 contracts

Sources: Office Lease Agreement (E2open Inc), Lease (FSP 303 East Wacker Drive Corp.), Office Lease Agreement (Citadel Security Software Inc)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and TenantT▇▇▇▇▇. The submission of the this Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant T▇▇▇▇▇ and delivered to Landlord, the this Lease shall constitute an irrevocable offer by Tenant in effect for fifteen (15) days to lease the Premises on the terms and conditions herein contained.

Appears in 2 contracts

Sources: Office/Laboratory Lease (CytomX Therapeutics, Inc.), Office/Laboratory Lease (OmniAb, Inc.)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant and delivered to Landlord, the Lease except that it shall constitute an irrevocable offer by on the part of Tenant in effect for fifteen ten (1510) days to lease the Premises on the terms and conditions herein contained.

Appears in 2 contracts

Sources: Lease (FSP 303 East Wacker Drive Corp.), Office Lease (Genesis Energy Lp)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but except that when it is executed by Tenant and delivered to Landlord or Landlord’s agent, the Lease it shall constitute an irrevocable offer by on the part of Tenant to the Landlord in effect for fifteen (15) days to lease the Premises on the terms and conditions herein contained.

Appears in 1 contract

Sources: Lease Agreement (Rewards Network Inc)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant and delivered to Landlord, the Lease shall constitute an irrevocable offer by Tenant in effect for fifteen (15) days to lease the Premises on the terms and conditions herein contained.

Appears in 1 contract

Sources: Office Lease (Lemonade, Inc.)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant and delivered to Landlord, the Lease shall constitute an irrevocable offer by Tenant in effect for fifteen seven (157) business days to lease the Premises on the terms and conditions herein contained.

Appears in 1 contract

Sources: Lease Agreement (Bolt Biotherapeutics, Inc.)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed except that it shall, after execution by Tenant and delivered to LandlordTenant, the Lease shall constitute an irrevocable offer by on the part of Tenant in effect for fifteen (15) days to lease the Premises on the terms and conditions herein contained.

Appears in 1 contract

Sources: Office Lease (Amber Road, Inc.)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the this Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant and delivered to Landlord, the this Lease shall constitute an irrevocable offer by Tenant in effect for fifteen two (152) days to lease the Premises on the terms and conditions herein contained.

Appears in 1 contract

Sources: Office/Laboratory Lease (Gritstone Oncology, Inc.)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant and delivered to Landlord, the Lease shall constitute an irrevocable offer by Tenant in effect for fifteen ten (1510) days to lease the Premises on the terms and conditions herein contained.

Appears in 1 contract

Sources: Lease Agreement (Argonaut Technologies Inc)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant▇▇▇▇▇▇. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant and delivered to Landlord, the Lease except that it shall constitute an irrevocable offer by on the part of Tenant in effect for fifteen five (155) business days to lease the Premises on the terms and conditions herein contained.

Appears in 1 contract

Sources: Office Lease (Northern Trust Corp)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but except that when it is executed by Tenant T▇▇▇▇▇ and delivered to Landlord or Landlord’s agent, the Lease it shall constitute an irrevocable offer by on the part of Tenant to the Landlord in effect for fifteen (15) days to lease the Premises on the terms and conditions herein contained.

Appears in 1 contract

Sources: Lease (InspireMD, Inc.)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant and delivered to Landlord, the Lease except that it shall constitute an irrevocable offer by on the part of Tenant in effect for fifteen sixty (1560) days to lease the Premises on the terms and conditions herein contained.

Appears in 1 contract

Sources: Lease (Lightfirst Inc)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but except that when it is executed by Tenant and delivered to Landlord or Landlord's agent, the Lease it shall constitute an irrevocable offer by on the part of Tenant to the Landlord in effect for fifteen (15) days to lease the Premises on the terms and conditions herein contained.

Appears in 1 contract

Sources: Office Lease (Planvista Corp)

Option. This Lease shall not become effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, but when executed by Tenant and delivered to Landlord, the Lease shall constitute an irrevocable offer by Tenant in effect for fifteen five (155) days to lease the Premises on the terms and conditions herein contained.

Appears in 1 contract

Sources: Office Lease (NovaBay Pharmaceuticals, Inc.)