Common use of Options Personal Clause in Contracts

Options Personal. Each Option granted to Tenant is personal to the original Tenant executing this Lease and any Qualified Assignee and may be exercised only by the original Tenant executing this Lease and any Qualified Assignee and may not be exercised or be assigned, voluntarily or involuntarily, by any person or entity other than the original Tenant executing this Lease. The Options, if any, granted to Tenant under this Lease are not assignable separate and apart from this Lease and any Qualified Assignee, nor may any Option be separated from this Lease in any manner, either by reservation or otherwise.

Appears in 2 contracts

Sources: Retail Lease (KBS Real Estate Investment Trust II, Inc.), Office Lease (KBS Real Estate Investment Trust II, Inc.)

Options Personal. Each Option granted to Tenant is personal to the original Tenant executing this Lease and any Qualified Assignee (or successor via Permitted Transfer) and may be exercised only by the original Tenant executing this Lease and any Qualified Assignee (or successor via Permitted Transfer) and may not be exercised or be assigned, voluntarily or involuntarily, by any person or entity other than the original Tenant executing this LeaseLease (or successor via Permitted Transfer). The Options, if any, granted to Tenant under this Lease are not assignable separate and apart from this Lease and any Qualified AssigneeLease, nor may any Option be separated from this Lease in any manner, either by reservation or otherwise.

Appears in 1 contract

Sources: Office Lease (Armata Pharmaceuticals, Inc.)

Options Personal. Each Option granted to Tenant is personal to the original Tenant executing this Lease and any Qualified Assignee and may be exercised only by the original Tenant executing this Lease while occupying and leasing the entire Premises and without having assigned this Lease or having sublet any Qualified Assignee portion of the Premises, and may not be exercised or be assigned, voluntarily or involuntarily, by any person or entity other than the original Tenant executing this Lease. The Options, if any, granted to Tenant under this Lease are not assignable separate and apart from this Lease and any Qualified AssigneeLease, nor may any Option be separated from this Lease in any manner, either by reservation or otherwise.

Appears in 1 contract

Sources: Office Lease (Encore Capital Group Inc)

Options Personal. Each Option granted to Tenant is personal to the original Tenant executing this Lease and any Qualified Assignee and may be exercised only by the original Tenant executing this Lease while occupying the entire Premises and any Qualified Assignee without the intent of thereafter assigning this Lease or subletting the Premises and may not be exercised or be assigned, voluntarily or involuntarily, by any person or entity other than the original Tenant executing this Lease. The Options, if any, granted to Tenant under this Lease are An Option is not assignable separate and apart from this Lease and any Qualified AssigneeLease, nor may any Option be separated from this Lease in any manner, either by reservation or otherwise.

Appears in 1 contract

Sources: Office Lease (Lightspan Partnership Inc)

Options Personal. Each Option granted to Tenant is personal to the original Tenant executing this Lease and any Qualified Assignee and may be exercised only by the original Tenant executing this Lease and any Qualified Assignee without having assigned this Lease or sublet a majority (i.e., greater than 50%) of the Premises, and may not be exercised or be assigned, voluntarily or involuntarily, by any person or entity other than the original Tenant executing this Lease. The Options, if any, Each Option granted to Tenant under this Lease are not assignable separate and apart from this Lease and any Qualified AssigneeLease, nor may any Option be separated from this Lease in any manner, either by reservation or otherwise.

Appears in 1 contract

Sources: Lease Agreement (Everbridge, Inc.)