Common use of Right to Recapture Clause in Contracts

Right to Recapture. Notwithstanding anything in this Article to the contrary, in the event that Subtenant desires to assign this Sublease or sublet all or any part of the Subleased Premises, Subtenant shall notify Sublandlord of the terms and conditions of such sublease or assignment in writing not less than thirty (30) days prior to the effective date of any such sublease or assignment. Sublandlord shall have the option exercisable in writing within fifteen (15) business days of receipt of Subtenant's notice to recapture the Subleased Premises or so much thereof as the Subtenant seeks to sublet.

Appears in 2 contracts

Sources: Sublease Agreement (Synavant Inc), Sublease Agreement (Ims Health Inc)