Common use of Landlord’s Right of First Refusal Clause in Contracts

Landlord’s Right of First Refusal. If Tenant requests consent to an Occupancy Transaction in accordance with this Article, Landlord shall have the right to purchase the leasehold interest of Tenant in this Lease and the Premises (referred to in this Section as "Tenant's interest"), to the exclusion of the prospective Transferee, at the purchase price and terms offered by the prospective Transferee. Such right shall be exercisable by Landlord by giving Tenant notice of its election to purchase as provided in Section 15.4. Upon such election, the proposed Transferee shall have no right to purchase Tenant's interest, Landlord and Tenant shall execute an agreement setting forth the terms and conditions of the purchase, and the proposed Occupancy Transaction shall be deemed to have been disapproved. No failure of Landlord to elect to exercise its rights hereunder shall be construed as consent to the proposed Occupancy Transaction or a waiver of such rights with respect to any future proposed Occupancy Transaction.

Landlord’s Right of First Refusal. If Tenant requests consent to an Occupancy Transaction in accordance with this Article, Landlord shall have the right to purchase the leasehold interest of Tenant in this the Lease and the Premises (referred to in this Section as "Tenant's interest"), to the exclusion of the prospective Transferee, at the purchase price and terms offered by the prospective Transferee. Such right shall be exercisable by Landlord by giving Tenant notice of its election to purchase as provided in Section 15.4. Upon such election, the proposed Transferee shall have no right to purchase Tenant's interest, Landlord and Tenant shall execute an agreement setting forth the terms and conditions of the purchase, and the proposed Occupancy Transaction shall be deemed to have been disapproved. No failure of Landlord to elect to exercise its rights hereunder shall be construed as consent to the proposed Occupancy Transaction or a waiver of such rights with respect to any future proposed Occupancy Transaction.

Landlord’s Right of First Refusal. If Tenant requests consent to an Occupancy Transaction a Transfer in accordance with this ArticleArticle 14, Landlord shall have the right to purchase the leasehold interest of Tenant in this Lease and the Premises (referred to in this Section as the "Tenant's interestInterest"), to the exclusion of the prospective Transfereetransferee, at the purchase price and terms offered by the prospective Transfereetransferee. Such right shall be exercisable by Landlord by giving Tenant written notice of its election to purchase as provided in Section 15.4within the thirty (30) day period following Landlord's receipt of the Transfer Notice. Upon such election, the proposed Transferee shall have no right to purchase Tenant's interest, Landlord and Tenant shall execute an agreement setting forth the terms and conditions of the purchase, and the proposed Occupancy Transaction Transfer shall be deemed to have been disapproved. No failure of Landlord to elect to exercise its rights hereunder shall be construed as consent to the proposed Occupancy Transaction Transfer or a waiver of such rights with respect to any future proposed Occupancy Transactiontransfer.