Common use of Personal Option Clause in Contracts

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 are Option is personal to the Tenant named in Section 1.03 of the Lease or any Tenant’s Affiliate described in Section 9.02 of this Lease. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest under the Lease to an entity other than a Tenant Affiliate prior to the exercise of an Option (whether with or without Landlord's ’s consent), such Option and succeding any succeeding 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 any interest of Tenant under this the Lease to an entity other than a Tenant Affiliate after the exercise of an any Option but prior to the commencement of the respective Extension (whether with or without Landlord's ’s consent), such Option and any succeding succeeding Options shall lapse and the Lease Term shall expire as if such Option were was not exercised. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under this the Lease in accordance with Article 9 of the provisions of Article 10 Lease, after the exercise of an Option and after the commencement of the Extension related to such Option, then the term of this the Lease shall expire upon the expiration of the Extension during which such sublease or transfer occurred and only the succeding succeeding Option shall lapse.