Common use of Landlord’s Notice Clause in Contracts

Landlord’s Notice. If Landlord intends to deliver a bona fide written proposal to a third party (the “Proposal”), Landlord shall notify Tenant of such proposal in writing (“Landlord’s Notice”), which Landlord’s Notice shall set forth the applicable portion of the Right of First Refusal Space covered by the Proposal and the basic economic terms and conditions of such Proposal. A Proposal shall be deemed “bona fide” in the event that the Building is one of three or fewer buildings considered by such third party for the location of its operations. Tenant shall have a period of five (5) business days from the date of Landlord’s Notice to notify Landlord whether Tenant elects to exercise its Right of First Refusal with respect to all of that portion of Right of First Refusal Space offered upon such terms and conditions set forth in Landlord’s Notice, including, without limitation, term, base rent, allowances and rentable square footage. Notwithstanding the foregoing, Landlord shall only be obligated to notify Tenant of the availability of such Right of First Refusal Space and Tenant shall only have rights pursuant to the terms of this paragraph in the event that (i) such proposal includes that portion of the Right of First Refusal Space which is immediately contiguous to the Premises; and (ii) such Proposal covers only all or a portion of such Right of First Refusal Space and no other space within the Building in addition thereto.

Landlord’s Notice. If Before proceeding with any Alterations, Tenant must first deliver to Landlord intends to deliver written notice and a bona fide written proposal to a third party copy of any final plans, specifications and working drawings for any such Alterations if required for such work (the “Proposal”), Landlord shall notify Tenant of such proposal in writing i.e. carpeting work does not require drawings) at least ten (“Landlord’s Notice”), which Landlord’s Notice shall set forth the applicable portion of the Right of First Refusal Space covered by the Proposal and the basic economic terms and conditions of such Proposal. A Proposal shall be deemed “bona fide” in the event that the Building is one of three or fewer buildings considered by such third party for the location of its operations. Tenant shall have a period of five (510) business days from prior to commencement of the date work thereof, and (B) comply with the other conditions of Landlord’s Notice to notify Landlord whether Tenant elects to exercise its Right of First Refusal with respect to all of that portion of Right of First Refusal Space offered upon such terms and conditions set forth in Landlord’s Noticethis Paragraph 13, including, without limitation, termconforming to Landlord’s rules, base rentregulations and insurance requirements which govern contractors. Landlord’s review of plans, allowances specifications and/or working drawings for Alterations will not create any responsibility or liability on the part of Landlord for their completeness, design sufficiency, or compliance with applicable permits, laws, rules and rentable square footageregulations of governmental agencies or authorities. Notwithstanding If the foregoingAlteration is structural or does not comply with 13 (i)-(v) above (a “Structural Alteration”), Landlord shall only will have the right to approve such Structural Alteration, such approval not to be obligated to unreasonably withheld, delayed or conditioned. Landlord will notify Tenant in writing of the availability of such Right of First Refusal Space and Tenant shall only have rights pursuant to the terms of this paragraph in the event that (i) any objections to a proposed Structural Alteration within twenty (20) business days following receipt of Tenant’s notice, which objections will provide sufficient detail and specifics of Landlord’s objections to allow Tenant to review the plans, specifications and working drawings to eliminate Landlord’s objections, If Landlord fails to provide notice of any objections within such proposal includes that portion twenty (20) business day period, then Tenant shall provide Landlord a second written notice. If Landlord fails to provide notice of any objections TENANT’S INITIALS LANDLORD’S INITIALS within ten (10) business day from receipt of the Right of First Refusal Space which is immediately contiguous second notice, then Landlord will be deemed to have approved the Premises; proposed Structural Alteration and (ii) such Proposal covers only all or a portion of such Right of First Refusal Space and no other space within the Building in addition theretoTenant will be entitled to proceed with same without further consent from Landlord.

Landlord’s Notice. Landlord shall exercise good faith efforts to advise Tenant in writing if it enters into negotiations to lease all or any portion of the Right of First Refusal Space with any third party. If Landlord intends to deliver reasonably believes it has fully negotiated the terms of a lease proposal with a bona fide written proposal to a third party prospective tenant (the “"Proposal”"), Landlord shall notify Tenant send a copy of such proposal in writing Proposal to Tenant (“"Landlord’s 's Notice”"), which Landlord’s 's Notice shall set forth the applicable portion of the Right of First Refusal Space covered by the Proposal and the basic economic terms and conditions of such Proposal. A Proposal shall be deemed “"bona fide” " in the event that Landlord reasonably believes the Building is one of three or fewer buildings considered by such terms and conditions in the Proposal are fully negotiated between the third party for tenant and the location of its operationsLandlord. Tenant shall have a period of five four (54) business days from the date of Landlord’s 's Notice to notify Landlord whether Tenant elects to exercise its Right of First Refusal with respect to all of that portion of Right of First Refusal Space offered upon such terms and conditions set forth in Landlord’s 's Notice, including, without limitation, term, base basic rent, allowances and rentable square footage. Notwithstanding the foregoing, Landlord shall only be obligated to notify Tenant of the availability of such Right of First Refusal Space and Tenant shall only have rights pursuant to the terms of this paragraph in the event that (i) such proposal includes that portion of the Right of First Refusal Space Space, which is immediately contiguous to the Demised Premises; and (ii) such Proposal covers only all or a portion of such Right of First Refusal Space and no other space within the Building in addition thereto.

Landlord’s Notice. If Before proceeding with any Alterations, Tenant must first deliver to Landlord intends to deliver written notice and a bona fide written proposal to a third party copy of any final plans, specifications and working drawings for any such Alterations if required for such work (the “Proposal”), Landlord shall notify Tenant of such proposal in writing i.e. carpeting work does not require drawings) at least ten (“Landlord’s Notice”), which Landlord’s Notice shall set forth the applicable portion of the Right of First Refusal Space covered by the Proposal and the basic economic terms and conditions of such Proposal. A Proposal shall be deemed “bona fide” in the event that the Building is one of three or fewer buildings considered by such third party for the location of its operations. Tenant shall have a period of five (510) business days from prior to commencement of the date work thereof, and (B) comply with the other conditions of Landlord’s Notice to notify Landlord whether Tenant elects to exercise its Right of First Refusal with respect to all of that portion of Right of First Refusal Space offered upon such terms and conditions set forth in Landlord’s Noticethis Paragraph 13, including, without limitation, termconforming to Landlord’s rules, base rentregulations and insurance requirements which govern contractors. Landlord’s review of plans, allowances specifications and/or working drawings for Alterations will not create any responsibility or liability on the part of Landlord for their completeness, design sufficiency, or compliance with applicable permits, laws, rules and rentable square footageregulations of governmental agencies or authorities. Notwithstanding If the foregoingAlteration is structural or does not comply with 13 (i)-(v) above (a “Structural Alteration”), Landlord shall only will have the right to approve such Structural Alteration, such approval not to be obligated to unreasonably withheld, delayed or conditioned. Landlord will notify Tenant in writing of the availability of such Right of First Refusal Space and Tenant shall only have rights pursuant to the terms of this paragraph in the event that (i) any objections to a proposed Structural Alteration within twenty (20) business days following receipt of Tenant’s notice, which objections will provide sufficient detail and specifics of Landlord’s objections to allow Tenant to review the plans, specifications and working drawings to eliminate Landlord’s objections, If Landlord fails to provide notice of any objections within such proposal includes that portion twenty (20) business day period, then Tenant shall provide Landlord a second written notice. If Landlord fails to provide notice of any objections within ten (10) business day from receipt of the Right of First Refusal Space which is immediately contiguous second notice, then Landlord will be deemed to have approved the Premises; proposed Structural Alteration and (ii) such Proposal covers only all or a portion of such Right of First Refusal Space and no other space within the Building in addition theretoTenant will be entitled to proceed with same without further consent from Landlord.