FIRST OPPORTUNITY TO LEASE. Provided that the Tenant did not exercise the Option to Expand in Clause 11 of this Offer to Lease and has not been in material breach of the Lease, the Tenant shall have the first opportunity to lease any space becoming available for lease that is not encumbered by another lease on the third (3rd) floor of the Building at any time during the Term of the Tenant’s Lease. The Basic Rent payable on the said space shall be the current fair market rental as agreed to by the parties, and failing such agreement, as determined by arbitration pursuant to the Commercial Arbitration Act of British Columbia. The Tenant shall have the right to assign this First Opportunity to Lease pursuant to the permitted assignment of all rights under the Lease.
FIRST OPPORTUNITY TO LEASE. 33.1 Provided, that the Tenant has not been in material breach of the Lease, the Tenant shall have the first opportunity, to lease any space becoming available for lease on the third (3rd) floor of the Building at any time during the Term that is not encumbered by another lease. The Basic Rent payable on the said space shall be the current fair market rental as agreed to by the parties and failing such agreement, as determined by arbitration by a single arbitrator pursuant to the Commercial Arbitration Act of British Columbia. The cost of the arbitrator will be shared equally between the parties. The Tenant shall have the right to assign this First Opportunity to Lease to a permitted assignee under this Lease concurrently with the assignment by the Tenant to such assignee of all of the Tenant’s rights under this Lease.
FIRST OPPORTUNITY TO LEASE. If at any time during the term of this Lease, any of the remaining spaces on the eighth floor of the Building become available for lease, Landlord shall notify Tenant of the availability of such space for lease and the terms and conditions upon which Landlord wishes to lease such space; provided, however, that the expiration of the term for the demise of such space shall be concurrent with the then remaining term of this Lease, the monthly base rent per square foot for such space shall be the same as the Monthly Base Rent then being charged under this Lease, and Landlord shall provide building standard "turn-key" improvements for such space equivalent to Landlord's Improvements under this Lease; provided, further, that notwithstanding anything contained herein to the contrary, such space shall be occupied and used only by Tenant, and Tenant shall not, for a period of six (6) months from the commencement of the term of this Lease for such additional space, sublease, assign or allow any other person to occupy or use such space, or any portion thereof. Tenant shall have the right within thirty (30) days after receipt of Landlord's written notification to lease such space on the terms and conditions set forth in Landlord's written notification. If Tenant shall not so elect within said thirty (30) day period, Landlord may then lease the premises to any other person, on terms and conditions established by Landlord in its sole discretion. Said terms and conditions shall not necessarily be limited to the terms and conditions set forth in Landlord's written notification.
FIRST OPPORTUNITY TO LEASE. Throughout the Term, so long as Tenant is not in default of the Lease, Tenant shall have the right of first offer to lease the remainder of space in Building 3 (the "First Offer Space'), in accordance with the terms of this Section 6. In the event that Landlord desires to make a written offer (the "Offer) to a third party to lease all or any portion of the First Offer Space, Landlord shall first present the Offer to Tenant and give Tenant three business days within which to determine whether Tenant will accept the Offer. If Tenant gives Landlord written notice within such three business day period that Tenant elects to accept the Offer, then Tenant shall be bound to enter into a written lease agreement in accordance with the terms of the Offer. If Tenant does not give Landlord such written notice within the three business day period, then Landlord shall be free to lease the First Offer Space to any party on the terms of the Offer or on substantially similar terms. If Landlord does not so lease the First Offer Space, Xxxxxx's right of first offer with respect to the First Offer Space shall revive and continue throughout the Term.
FIRST OPPORTUNITY TO LEASE. 30.01 Provided the Tenant is not then in default under the Lease in any material respect, either in payment of rent or observance of the covenants herein, the Tenant shall have a continuous first opportunity to lease (the "First Opportunity to Lease") ten thousand (10,000) square feet of space on the 12th floor of the Building (the "First Opportunity to Lease Premises"). In the event that the Landlord receives an offer to lease for all or any part of the First Opportunity to Lease Premises, the Landlord shall provide the Tenant with written notice of such intent and the Tenant shall be obliged to notify the Landlord within five (5) business days of receiving same, of its intent to exercise its right with respect to any part (or all) of the First Opportunity to Lease Premises which is the subject of the offer to lease. Should the Tenant exercise its right, the terms shall be equivalent to those contained herein, save and except that the Minimum Annual Rent and any improvement allowance, turnkey package and/or cash inducements for the First Opportunity Premises shall be the then fair market rent and inducements for leases of comparable expansion premises to existing office tenants of comparable buildings in downtown Ottawa and for a comparable term, as determined by agreement between the Landlord and Tenant. the Tenant and Landlord shall have thirty (30) days upon receipt of the Tenant's notice to negotiate and agree upon the Minimum Annual Rent and inducements, both parties acting reasonably.
FIRST OPPORTUNITY TO LEASE. A. So long as there is no uncured default by Lessee then existing under the Lease, Lessee shall have the first right of refusal to lease 32,197 square feet currently demised as Suite 100 or the 13,822 square feet currently demised as Suite 300 in their entirety (the "First Opportunity to Lease").
FIRST OPPORTUNITY TO LEASE. (a) Subject to the rights of existing Tenants (of which Landlord has made certain representations set forth in Section 1 of the Lease), and further provided Tenant has not defaulted in the payment of Rent more than five (5) times during the Term, the Landlord will grant to the Tenant the first opportunity to lease (the “First Opportunity to Lease”) a portion of the 4th Floor East Space (herein called the “Opportunity Space”). The exact Rentable Area and location of the Expansion Space shall be determined by Landlord in its reasonable discretion, and Rentable Area shall be determined in accordance with Schedule B-1 to the Lease, however, in no event shall the Opportunity Space contain less than 10,000 square feet of Rentable Area. The First Opportunity to Lease is subject to the following conditions:
FIRST OPPORTUNITY TO LEASE. (a) If at any time through December 31, 2000, any of the remaining spaces on the ninth floor of the Building become available for lease (the "Opportunity Space"), which Opportunity Space consists of Suite Nos. 900, 901, 915 and 920 (Suite 920 is currently leased to Xxxx- Xxxxxxx & Co. and subleased to Tenant herein), Landlord shall notify Tenant of the availability of such space for lease and the terms and conditions upon which Landlord wishes to lease such space; provided, however, that:
FIRST OPPORTUNITY TO LEASE. Tenant shall have the first opportunity to lease other space adjacent to its Premises if such space becomes available for lease. In such case, Landlord shall advise Tenant of its availability and the terms on which Landlord would lease such space. Tenant acknowledges that Landlord is negotiating for the lease of the remainder of the building (as well as the Premises following expiration of Tenant's Lease) with Mr. And Xxx. Xxxxxxxxxxx Starling and such Tenant's first opportunity to lease will apply only if such other lease is not finalized or if such Lease is terminated during the term of Tenant's Lease. On any such notice, Tenant shall have the right to lease such adjacent space (for a term equal to Tenant's unexpired term) at the rent and condition stated in Landlord's notice or upon such other terms as Tenant and Landlord may agree in their individual directions. Tenant shall have thirty (30) days after receipt of such notice to not Lessor that Tenant elects to lease the adjacent space. If Tenant does not exercise its right to lease the adjacent space to a third party on such terms as may be acceptable to Landlord and such other party. Tenant does not have any right of renewal of this Lease.
FIRST OPPORTUNITY TO LEASE. Tenant shall have the First Opportunity to Lease any space on the same floor (Second and Third Floor) that may become available during the initial term of the lease and any extensions thereafter. Tenant acknowledges and agrees, however, that during any extended period, its "First Opportunity to Lease" shall be subject and subordinate to Pacific Life's (its successor's or assign's) first opportunity to lease space on the second and third floor and Marshack, Shulman, Hodxxx & Frixxxxx xx the third floor. Tenant's "First Opportunity to Lease" during any extended term shall have no effect unless and until Pacific Life's (its successor's or assign's) first opportunity to lease such space expires and is no longer of any effect. This First Opportunity to Lease shall be at the then current "fair market" rental rates for like space in the Towne Centre Plaza. If Tenant objects to Landlord's determination of fair market rental, Tenant shall notify Landlord in writing within ten (10) days of notice of Landlord's determination, that Tenant disagrees with Landlord's determination of fair market rental. In the event that Landlord and Tenant are unable to agree upon the fair market rental value of the such space, then the fair market rental value shall be determined by appraisal
