Common use of Personal Options Clause in Contracts

Personal Options. The Options are personal to the Tenant named in Section 1.03 of this Lease (the “Original Tenant”) or any Tenant Affiliate (described in Section 9.07 of this Lease) of the Original Tenant or a Tenant Affiliate within a series of Tenant Affiliates of the Original Tenant. If Tenant subleases any portion of the Property or assigns any interest under this Lease to an entity other than such a Tenant Affiliate prior to the exercise of an Option (whether with or without Landlord’s consent), then such Option and any succeeding Options shall lapse. If Tenant subleases any portion of the Property or assigns any interest of Tenant under this Lease to an entity other than such a Tenant Affiliate after the exercise of an Option but prior to the commencement of the respective Extension (whether with or without Landlord’s consent), then such Option and any succeeding Options shall lapse and the Lease Term shall expire as if such Option were not exercised. If Tenant subleases any portion of the Property or assigns any interest of Tenant under this Lease to an entity other than such a Tenant Affiliate 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 succeeding Options shall lapse.

Personal Options. The Options Option(s) are personal to the Tenant named in Section 1.03 of this Lease (the “Original Lease, any Tenant”) or any Tenant Affiliate ('s affiliate described in Section 9.07 of this Lease) 9.02 of the Original Tenant Lease or a Tenant Affiliate within a series any entity which purchases all the stock of Tenant Affiliates and all or substantially all of the Original Tenant's assets ("Tenant Purchaser"). If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest under this the Lease to an any entity other than such a Tenant Affiliate prior to the exercise of an Option (whether with or without Landlord’s 's consent), then such Option and any succeeding Options shall lapse. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under this the Lease to an any entity other than such a Tenant Affiliate or Tenant Purchaser after the exercise of an Option but prior to the commencement of the respective Extension (whether with or without Landlord’s 's consent), then such Option and any succeeding Options shall lapse and the Lease Term shall expire as if such Option were not exercised. 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 such a Tenant Affiliate in accordance with Article 9 of the Lease 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 succeeding Options shall lapse.

Personal Options. The Options are personal to the Tenant named in Section 1.03 of this Lease (the “Original Tenant”) or any Tenant Affiliate (or Permitted Purchaser described in Section 9.07 of this Lease) of the Original Tenant or a Tenant Affiliate within a series of Tenant Affiliates of the Original Tenant. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest under this Lease to an entity other than such a Tenant Affiliate or Permitted Purchaser prior to the exercise of an Option (whether with or without Landlord’s consent), then such Option and any succeeding Options shall lapse. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under this Lease to an entity other than such a Tenant Affiliate or Permitted Purchaser after the exercise of an Option but prior to the commencement of the respective Extension (whether with or without Landlord’s consent), then such Option and any succeeding Options shall lapse and the Lease Term shall expire as if such Option were not exercised. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under this Lease to an entity other than such a Tenant Affiliate or a Permitted Purchaser 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 succeeding Options shall lapse.

Personal Options. The Options are personal to the Tenant named in Section 1.03 of this Lease (the “Original Tenant”) or any Tenant Affiliate (or Permitted Purchaser described in Section 9.07 of this Lease) of the Original Tenant or a Tenant Affiliate within a series of Tenant Affiliates of the Original Tenant. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest under this Lease to an entity other than such a Tenant’s Customer (defined below) or a Tenant Affiliate or a Permitted Purchaser prior to the exercise of an Option (whether with or without Landlord’s consent), then such Option and any succeeding Options shall lapse. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under this Lease to an entity other than such a Tenant’s Customer or a Tenant Affiliate or a Permitted Purchaser after the exercise of an Option but prior to the commencement of the respective Extension (whether with or without Landlord’s consent), then such Option and any succeeding Options shall lapse and the Lease Term shall expire as if such Option were not exercised. If Tenant subleases any portion of the Property or assigns or otherwise transfers any interest of Tenant under this Lease to an entity other than such a Tenant’s Customer or a Tenant Affiliate or a Permitted Purchaser 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 succeeding Options shall lapse.

Personal Options. The Options Option(s) are personal to the Tenant named in Section 1.03 1.3 of this Lease (the “Original Tenant”) Sublease or any Tenant Tenant's Affiliate (described in Section 9.07 of this Lease) 9.2 of the Original Tenant or a Tenant Affiliate within a series of Tenant Affiliates of the Original Tenant. Sublease and cannot be transferred. 1.2.1 If Tenant subleases any portion of the Property Premises or assigns any or otherwise transfers an interest under this Lease the Sublease to an entity other than such a Tenant Affiliate prior to the exercise of an Option (whether with or without Landlord’s 's consent), then such Option and any succeeding Options shall lapse. . 1.2.2 If Tenant subleases any portion of the Property Premises or assigns any or otherwise transfers an interest of Tenant under this Lease the Sublease to an entity other than such a Tenant Affiliate after the exercise of an Option but prior to the commencement of the respective Extension (whether with or without Landlord’s 's consent), then such Option and any succeeding Options shall lapse and the Lease Sublease Term shall expire as if such Option were not exercised. . 1.2.3 If Tenant subleases any portion of the Property Premises or assigns any or otherwise transfers an interest of Tenant under this Lease to an entity other than such a Tenant Affiliate the Sublease in accordance with Article 9 of the Sublease after the exercise of an Option and after the commencement of the Extension related to such Option, then the term of this Lease the Sublease shall expire upon the expiration of the Extension during which such sublease or transfer occurred and only the succeeding Options shall lapse.