Common use of Personal Option Clause in Contracts

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.

Appears in 2 contracts

Sources: Office Lease, Office Lease (Puma Biotechnology, Inc.)

Personal Option. The foregoing option to extend is personal to the original Tenant signing the Lease (and its affiliatesAffiliates and Permitted Transferees), 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.

Appears in 1 contract

Sources: Office Lease (Terns Pharmaceuticals, Inc.)