Personal Option Clause Samples

Personal Option. The foregoing option to extend is personal to the original Tenant signing the Lease (and any Permitted Transferee), but may not be assigned or transferred to or exercised by any other assignee, sublessee or transferee under a Transfer.

Personal Option. The foregoing option to extend is personal to the original Tenant signing the Lease (and its affiliates), but may not be assigned or transferred to or exercised by any other assignee, sublessee or transferee under a Transfer unless such constituted and Affiliate Transfer within the meaning of Section 21.5 of the Lease or Landlord’s consent was not required in connection therewith pursuant to Article 21 of the Lease or Landlord consented to such Transfer.

Personal Option. The foregoing right of first offer to lease the Expansion Space is personal to the original Tenant signing the Lease, but may not be assigned or transferred to or exercised by any assignee, sublessee or transferee under a Transfer.

Personal Option. The foregoing option to extend is personal to the original Tenant signing the Lease (and its affiliates), but may not be assigned or transferred to or exercised by any other assignee, sublessee or transferee under a Transfer. Initially, the information provided by you in this Hazardous Materials Disclosure Certificate is necessary for the Landlord (identified below) to evaluate and finalize a lease agreement with you as Tenant. After a lease agreement is signed by you and the Landlord (the “Lease Agreement”), on an annual basis in accordance with the Lease Agreement, you are to provide an update to the information initially provided by you in this certificate. Any and all capitalized terms used herein, which are not otherwise defined herein, shall have the same meaning ascribed to such term in the Lease Agreement. Any questions regarding this certificate should be directed to, and when completed, the certificate should be delivered to: Landlord: DWF III ▇▇▇▇▇ ▇▇▇▇▇▇, LLC c/o Divco West Real Estate Services, Inc. ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attn.: Property Management Name of (Prospective) Tenant: Miramar Labs Mailing Address: Contact Person, Title and Telephone Number(s): Contact Person for Hazardous Waste Materials Management and Manifests and Telephone Number(s): Address of (Prospective) Premises: ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, Santa Clara, California.

Personal Option. The Option is personal to Tenant. If Tenant subleases or assigns or otherwise transfers any interest under the Lease prior to the exercise of the Option, the Option shall lapse. If Tenant subleases or assigns or otherwise transfers any interest of Tenant under the Lease after the exercise of the Option but prior to the commencement of the Extension, the Option shall lapse and the Term of the Lease shall expire as if the Option were not exercised.

Personal Option. The Options are personal to the Tenant. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest under the Lease prior to the exercise of an Option (whether with or without Landlord's consent), such Option and succeding Options shall lapse, except that Tenant may transfer the Options to an affiliate (as defined in Section 10.02) with Landlord's prior written consent, which consent shall not unreasonably withhol. If Tenant subleases any portion of the Property or assigns or otherwise transfers interest of Tenant under this Lease after the exercise of an Option but prior to the commencement of the respective Extension (whether with or without Landlord's consent), such Option and any succeding Options shall lapse and the Lease Term shall expire as such Option were not exercised. If Tenant subleases any portion of the Property or assigns or otherwise transfers interest of Tenant under this Lease in accordance with the provisions of Article 10 after the exercise of an Option and after the commencement of the Extension related to such Option, then the term of this Lease shall expire upon the expiration of the Extension during which such sublease or transfer occurred and only the succeding Option shall lapse.

Personal Option. The options to expand set forth in this Article are personal to Tenant and may not be assigned, transferred or conveyed to any party, except to a sublessee of the entire Premises or an assignee of Tenant’s entire interest under this Lease (which does not under any circumstances include a party who has become an assignee as the result of Tenant’s bankruptcy). Such options shall not survive any termination of this Lease.

Personal Option. The Renewal Options are personal with respect to MCAFEE, LLC, a Delaware limited liability company and either a Related Entity to whom this Lease is assigned in accordance with Section 10.4 or an assignee to whom this Lease is assigned pursuant to an Ownership Transfer made in accordance with Section 10.5. Any assignment of the Lease or subletting of any portion of Fifth & Sixth Floor Premises other than to a Related Entity in accordance with Section 10.4 or pursuant to an Ownership Transfer in accordance with Section 10.5 shall automatically terminate MCAFEE, LLC, a Delaware limited liability company’s rights under this Article XXV. Time is of the essence with respect to the provisions of this Article XXV.

Personal Option. This Renewal Option is personal with respect to ▇▇▇▇.▇▇▇, LLC, a Delaware limited liability company, a Related Entity to whom this Lease is assigned in accordance with Section 10.4 or an Ownership Transferee pursuant to a transfer in accordance with Section 10.5. Any assignment of the Lease other than to a Related Entity in accordance with Section 10.4 or pursuant to a transfer to an Ownership Transferee in accordance with Section 10.5 shall automatically terminate ▇▇▇▇.▇▇▇, LLC, a Delaware limited liability company’s rights under this Article XXV. Any subletting of any portion of the Premises other than to a Related Entity in accordance with Section 10.4 shall automatically terminate ▇▇▇▇.▇▇▇, LLC, a Delaware limited liability company’s rights under this Article XXV, unless (a) such sublease is made in accordance with Section 10.1 and, together with any other subleases meeting the requirements of this Section 25.5(a)-(c), covers only portions of the Premises such that at least two (2) full floors of the Premises are not subject to any sublease (other than a sublease to a Related Entity made in accordance with Section 10.4), (b) at all times during the existence of such sublease(s), ▇▇▇▇.▇▇▇, a Delaware limited liability company, its Related Entity pursuant to an assignment or sublease made in accordance with Section 10.4 or its Ownership Transferee pursuant to a transfer made in accordance with Section 10.5 occupies at least two (2) full floors of the Building, and (c) the term of each such sublease(s) expires on or before, and the subtenant under each such sublease(s) no longer occupies any portion of the Premises from and after, the date of Tenant’s delivery of the Renewal Notice. Without limitation to the foregoing, Landlord shall have no obligation to deliver a Landlord’s Response or execute an amendment to this Lease pursuant to this Article XXV during any period in which any sublease of any portion of the Premises other than to a Related Entity in accordance with Section 10.4 is in effect. Time is of the essence with respect to the provisions of this Article XXV.