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Contingency
Contingency contract clause examples

Contingency. This Amendment and all provisions contained herein are contingent upon # an executed amended and restated lease termination agreement between Landlord and Hutson Law for the premises that Hutson Law leases from Landlord (the “Amended and Restated Hutson Law Lease Termination Agreement”) and # an executed amended and restated lease termination agreement between Landlord and Chapter 13 for the premises that Chapter 13 leases from Landlord (the “Amended and Restated Chapter 13 Lease Termination Agreement”, together with the Amended and Restated Hutson Law Lease Termination Agreement, collectively, the “Amended and Restated Lease Termination Agreement”), providing that the Suite [[Unknown Identifier]] Premises and the Suite [[Unknown Identifier]] Premises shall be surrendered to Landlord on or before February 28, 2019 or April 30, 2019, respectively, in accordance with the Amended and Restated Lease Termination Agreement. In the event Landlord does not obtain the Amended and Restated Lease Termination Agreement by February 28, 2019, Landlord or Tenant shall thereafter have the right to terminate this Amendment (prior to date of receipt of a fully executed Amended and Restated Lease Termination Agreement).

Contingency. This Amendment and all provisions contained herein are contingent upon an executed lease termination agreement between Landlord and Weinstein Friedlein Architects, P.A. (“Weinstein”) for the Suite 110 Premises (the “Lease Termination Agreement”), providing that the Suite 110 Premises shall be surrendered to Landlord on or before March 31, 2020, in accordance with the Lease Termination Agreement. In the event Landlord does not obtain the Lease Termination Agreement by March 31, 2020, Landlord or Tenant shall thereafter have the right to terminate this Amendment (prior to date of receipt of a fully executed Lease Termination Agreement).

Contingency. Tenant hereby acknowledges that, as of the date hereof, Landlord does not own the Property. This Lease and the obligations and rights of the parties hereunder are expressly contingent upon Landlord purchasing all of the Property, on terms and conditions satisfactory to Landlord in Landlord’s sole and absolute discretion. Tenant acknowledges and agrees that Landlord is not making any representation or warranty as to whether the foregoing contingency will be satisfied. Tenant hereby waives and releases Landlord from and against, any and all claims for recovery against Landlord for any loss or damage to Tenant arising out of or in connection with the foregoing contingency not being satisfied, except to the extent Landlord defaults under this Lease. Landlord shall use diligent, commercially reasonable efforts to purchase the Property (on terms and conditions satisfactory to Landlord in Landlord’s sole and absolute discretion) on or before November 15, 2021 (the “Contingency Date”) and, if Landlord purchases the Property, the Landlord shall provide notice to Tenant within 5 business days after such purchase (the “Contingency Notice”). If despite its diligent, commercially reasonable efforts, Landlord does not purchase the Property by the Contingency Date, then at any time thereafter until Tenant receives the Contingency Notice from Landlord, Tenant shall have the right to terminate this Lease upon written notice to Landlord. Landlord represents and warrants that, upon satisfaction of the contingency, Landlord shall be the fee simple owner of the Project.

Contingency. This Amendment is contingent upon Landlord obtaining consent from all of its mortgagees and obtaining a Subordination, Non-Disclosure, Disturbance and Attornment agreement reasonably acceptable to Tenant (the “Contingency”).

Contingency. NOTWITHSTANDING ANYTHING TO THE CONTRARY HEREIN, LESSOR AND LESSEE HEREBY AGREE AND ACKNOWLEDGE THAT THIS AMENDMENT IS EXPRESSLY CONTINGENT UPON AND SUBJECT TO RECEIPT OF CONSENT FROM THE LENDER OF LESSOR TO THIS AMENDMENT. THE FOREGOING CONTINGENCY IS FOR THE SOLE BENEFIT OF LESSOR AND MAY BE WAIVED ONLY BY LESSOR IN WRITING. IF THE FOREGOING CONTINGENCY IS NOT SATISFIED OR WAIVED IN WRITING BY LESSOR ON OR PRIOR TO THE SURRENDER DATE, THEN THIS AMENDMENT SHALL AUTOMATICALLY TERMINATE, BE DEEMED VOID AB INITIO AND OF NO FURTHER FORCE OR EFFECT.

Contingency. This offer is subject to satisfactory background and reference checks, including our receiving at least two satisfactory professional references.

Contingency. Tenant understands and agrees that the effectiveness of this Lease is contingent upon the mutual execution of a lease surrender and termination agreement for Suite 550 between Landlord and Rase Networks/Aruba Networks, the current tenant(s) in possession of Suite 550.

Contingency. This Lease is contingent (“Contingency”) on Autolus Therapeutics plc, the current tenant (“Current Tenant”), terminating the Lease Agreement dated January 7, 2019 (as amended, the “Current Tenant Lease”) by April 30, 2021. If Current Tenant fails to vacate the Premises by such date, Tenant shall have the right to terminate this Lease by sending written notice thereof to Landlord by no later than May 31, 2021 (but if the Current Tenant vacates the Premises and terminates the Current Tenant Lease before Landlord receives such termination notice, such termination notice shall be void and of no effect) whereupon neither Landlord nor Tenant shall have any further rights, duties, or obligations under this Lease, except with respect to provisions that expressly survive termination of this Lease. Within 10 days after written request from Landlord or Tenant, Landlord and Tenant shall execute and deliver a statement in form and substance reasonably acceptable to them confirming that the Contingency has been satisfied or waived. Tenant understands, acknowledges, and agrees that Landlord makes no guaranty, representation, or assurance that Current Tenant will terminate the Current Tenant Lease by April 30, 2021. If Tenant does not elect to so terminate this Lease, such right to terminate this Lease shall be waived and this Lease shall remain in full force and effect. For avoidance of doubt, the satisfaction of the Contingency shall be a condition precedent to Delivery.

Contingency. This Amendment and all provisions contained herein are contingent upon an executed lease termination agreement between Landlord and Weinstein Friedlein Architects, P.A. (“Weinstein”) for the Suite 110 Premises (the “Lease Termination Agreement”), providing that the Suite 110 Premises shall be surrendered to Landlord on or before March 31, 2020, in accordance with the Lease Termination Agreement. In the event Landlord does not obtain the Lease Termination Agreement by March 31, 2020, Landlord or Tenant shall thereafter have the right to terminate this Amendment (prior to date of receipt of a fully executed Lease Termination Agreement).

Contingency Deadline. Notwithstanding anything to the contrary in the Agreement, the Contingency Deadline is hereby extended to expire at 5:00 pm (Pacific Time) on November 8, 2017.

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