Grant of Right of First Offer. Subject to the terms and conditions of this Article 19 and the Exempt Transactions, following December 31, 2017, if any space in the Building becomes available for lease (other than the initial lease of such space to the extent that such space is vacant as of the Effective Date (any such lease, an “Initial Lease”), Landlord shall provide written notice of such availability (the “Landlord’s Offer Notice”) to Tenant and Tenant shall have an ongoing right of first offer (“ROFO”) to add such space (the “ROFO Space”) to the Premises on the then-existing terms of this Lease, except as otherwise provided in this Article. Landlord’s ROFO Notice shall set forth the approximate size, approximate configuration and approximate location (but including the specific floors) of the ROFO Space, Landlord’s quotation of a proposed Base Rent, tenant improvement allowance, and free rent, if any, for the ROFO Space, and the date estimated by Landlord as the anticipated commencement date (the “Anticipated Inclusion Date”) for such ROFO Space. The term for the ROFO Space shall be coterminous with the Term for the Premises (including the Extension Option pursuant to Article 17), provided, however, if as of the date of either Landlord’s Offer Notice or the Anticipated Inclusion Date there is or will be less than five (5) full years remaining in the then Term of this Lease, then (1) Tenant shall have no right to lease the ROFO Space unless Tenant simultaneously with Tenant’s delivery of its Offer Response Notice to Landlord exercises the Extension Option pursuant to Article 17, and (2) if the time period for Tenant to exercise the Extension Option has expired without exercise by Tenant, Landlord shall have no obligation to offer the ROFO Space to Tenant and Tenant shall have no right to lease such space. As used in this Article, the term “available for lease” shall mean office space in the Building which is anticipated to, or becomes, vacant and is not an Exempt Transaction.
Grant of Right of First Offer. (a) If Ashford Trust or any of its Affiliates (in such context, the “Selling Party”) (i) desires to offer for sale any of the Initial Prime ROFO Assets or any other asset hereafter owned by Selling Party that meets the initial Investment Guidelines of Ashford Prime to a Third Party, or (ii) receives from a Third Party an offer to purchase any such asset and Selling Party desires to accept such offer (in each case whether by transfer of the asset or all or a portion of the direct or indirect equity interests in the owner of such asset owned by the Selling Party) (in such context, the “ROFO Interest”), then, prior to offering such asset for sale or accepting such offer to purchase, the Selling Party shall first offer the ROFO Interest to Ashford Prime (in such context, the “Purchasing Party”) in accordance with this Agreement (the “Ashford Prime ROFO”).
Grant of Right of First Offer. At the time, if any, after Landlord’s receipt of an Interest Notice that Landlord first intends to market or to negotiate with one or more third parties to lease an Expansion Space that Landlord determines in good faith to be consistent with the Parameters, other than marketing or negotiation regarding a lease arrangement with the existing lessee who would be renewing or extending its occupancy of such space (whether or not pursuant to a contractual right to do so) or with a lessee that holds a prior expansion right, Landlord shall give Tenant written notice (“Landlord’s Communication”) of the financial consideration and other terms upon which Landlord is willing to lease such Expansion Space to Tenant. Landlord’s Communication shall constitute an offer to Tenant to lease such Expansion Space on the terms set forth in Landlord’s Communication and otherwise on the terms set forth in this Lease. Tenant specifically acknowledges that Landlord may offer the Expansion Space as part of a larger space and on terms that require Tenant to lease the entirety of the larger space. Tenant further acknowledges that Landlord may offer the Expansion Space for a length of term that is different than the Lease Term as to the Premises or one or more parts of the Premises. However, if a Landlord’s Communication is given prior to the first anniversary of the Fourth Expansion Effective Date, then the Expansion Space described in such Landlord’s Communication shall be offered (i) for a term expiring on the same date as the Fourth Expansion Term, (ii) at the same per rentable square foot Base Rent rates as apply to the Fourth Expansion Premises from time to time, and (iii) with the same Allowance per rentable square foot as applies to the Fourth Expansion Premises prorated in a ratio of the number of months in the Lease Term as to the Expansion Space divided by 96.
Grant of Right of First Offer. Subject to the terms and conditions specified in this Article IV, inSilicon hereby grants to Phoenix a right of first offer with respect to future sales by inSilicon of inSilicon Capital Stock. As long as Phoenix owns 50,000 shares of Series A Preferred Stock (or the Common Stock issued upon conversion thereof) Phoenix may designate as purchasers under such right itself or its Affiliates in such proportions as it deems appropriate.
Grant of Right of First Offer. Subject to the terms and conditions set forth in this Section 36, Landlord hereby grants to Tenant a right of first offer (“First Offer Right”) relating to the Transfer of any of the Leased Premises. If, at any time during the term hereof, Landlord desires to Transfer all or any portion of the Leased Premises (the “Offered Property”) to another third party ski resort operator, or to an entity controlled by another ski resort operator (excluding any real estate investment trusts or any other financing entities even if owned or controlled by another ski resort operator), Landlord shall first deliver to Tenant written notice (the “Notice of Transfer”), which Notice of Transfer shall state Landlord’s desire to Transfer the Offered Property and contain an accurate description of the Offered Property and its proposed operations.
Grant of Right of First Offer. Subject to the terms and conditions set forth in this Agreement, Grantor hereby grants to Offeree a right of first offer ("First Offer Right") relating to the Transfer of all or any Property. If, at any time during the Right to Purchase Period, Grantor desires to Transfer all or any portion of a Property (the "Offered Property"), Grantor shall first deliver to Offeree written notice (the "Notice of Transfer"), which Notice of Transfer shall state Grantor's desire to Transfer the Offered Property and contain an accurate description of the Offered Property and its proposed operations.
Grant of Right of First Offer. (a) During the Option Period, if Nomura and/or the Trust (for purposes of this Article IV, an "OFFERING STOCKHOLDER") proposes to transfer (in one ---------- transaction or in a series of transactions) any Securities (other than a transfer pursuant to Section 1.1) to another individual or entity not a ----------- party hereto (each, a "PROPOSED TRANSFEREE") (whether or not such Proposed Transferee is currently a holder of Securities of the Company), the Offering Stockholder shall give written notice at least 30 days prior to making any such transfer (the "FIRST OFFER NOTICE") to MEIH of such proposal. The First Offer Notice shall specify the number and type of Securities proposed to be transferred, the proposed price (which must be in cash), terms, and conditions of the transfer and the identity of the Proposed Transferee.
Grant of Right of First Offer. Provided that, at the time of exercise of this right by Tenant (i) there then exists no Event of Default or condition or state of facts which with the passage of time or giving of notice, or both, would constitute an Event of Default, (ii) this Lease is then in full force and effect, and (iii) Tenant or its Affiliates is in actual occupancy of at least five hundred thousand (500,000) Rentable Square Feet of Office Space in the Building (the "Occupancy Requirement"), Land lord hereby grants to Tenant a right of first offer to purchase the Building and the Land (the "Right of First Offer") on the terms and conditions contained in this Article 24.
Grant of Right of First Offer. The Offeror hereby grants to the Operating Partnership a right of first offer to acquire all of Offeror’s direct or indirect right, title and interest in each of the Properties, on the terms and subject to the conditions set forth herein (the “Right of First Offer”).
Grant of Right of First Offer. (a) Throughout the Term of this Lease, Tenant shall have one time right of first offer to lease (the “ROFO”) the currently vacant approximately 11,059 Rentable Square Feet located on the third floor of the Building which is identified on Exhibit A-3 (the “ROFO Space”). Landlord shall notify Tenant of the availability of the ROFO Space (“
