Common use of Lessor's Right to Match Clause in Contracts

Lessor's Right to Match. Lessee's rights under Section 5.2 and 7.2 are subject to Lessor's right to match any sublease or upgrade proposed by a third party. Lessee will provide Lessor with the terms of the third party offer and Lessor will have three (3) business days to match the offer. Lessee will obtain such upgrade from or sublease the Equipment to Lessor if Lessor has timely matched the third party offer.

Appears in 11 contracts

Samples: Master Lease Agreement (Scriptgen Pharmaceuticals Inc), Master Lease Agreement (Neomagic Corp), Master Lease Agreement (3 Dimensional Pharmaceuticals Inc)

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Lessor's Right to Match. Lessee's rights under Section 5.2 and 7.2 are subject to Lessor's right to match any sublease or upgrade proposed by a third party. Lessee will provide Lessor with the terms of the third party offer and Lessor will have three (3) business days to match the offer. Lessee will shall obtain such upgrade from or sublease the Equipment to Lessor if Lessor has timely matched the third party offer.

Appears in 6 contracts

Samples: Master Lease Agreement (Endocardial Solutions Inc), Master Lease Agreement (Midcom Communications Inc), Master Lease Agreement (First Virtual Holding Inc)

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Lessor's Right to Match. Lessee's rights under Section 5.2 and 7.2 7.1 are subject to Lessor's right to match any sublease or upgrade proposed by a third party. Lessee will provide Lessor with the terms of the third party offer and Lessor will have three (3) business days to match the offer. Lessee will shall obtain such upgrade from or sublease the Equipment to Lessor if Lessor has timely matched the third party offer.

Appears in 1 contract

Samples: Technology Services Company Master Lease Agreement (Fibernet Telecom Group Inc\)

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