{"component": "clause", "props": {"groups": [{"snippet": "The Minimum Annual Rent for the Right of First Offer Space shall be equal to the rate which is then being quoted by Landlord to prospective new tenants for the Right of First Offer Space, provided, however, that in no event shall Tenant's Minimum Annual Rent per square foot for the Right of First Offer Space be less than the highest Minimum Annual Rent per square foot payable during the original Lease Term for the original Leased Premises. The Minimum Annual Rent for the original Leased Premises during any such extended term shall be an amount equal to the Minimum Annual Rent then being quoted by Landlord to prospective new tenants of the Building for space of comparable size and quality and with similar or equivalent improvements as are found in the Building, and if none, then in similar buildings in the vicinity, provided, however, that in no event shall the Minimum Annual Rent during such extended term be less than the highest Minimum Annual Rent payable during the Lease Term for the original Leased Premises.", "samples": [{"hash": "iOiPTpL8mxd", "uri": "/contracts/iOiPTpL8mxd#offer-space", "label": "Industrial Lease Agreement (Asset Acceptance Capital Corp)", "score": 18.0, "published": true}, {"hash": "4KfkUeOsyuZ", "uri": "/contracts/4KfkUeOsyuZ#offer-space", "label": "Industrial Lease Agreement (Asset Acceptance Capital Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "minimum-annual-rent", "type": "definition", "offset": [4, 23]}, {"key": "right-of-first-offer-space", "type": "clause", "offset": [32, 58]}, {"key": "equal-to", "type": "definition", "offset": [68, 76]}, {"key": "the-rate", "type": "definition", "offset": [77, 85]}, {"key": "by-landlord", "type": "clause", "offset": [113, 124]}, {"key": "new-tenants", "type": "definition", "offset": [140, 151]}, {"key": "in-no-event-shall", "type": "clause", "offset": [212, 229]}, {"key": "rent-per-square-foot", "type": "definition", "offset": [254, 274]}, {"key": "original-lease-term", "type": "definition", "offset": [390, 409]}, {"key": "original-leased-premises", "type": "definition", "offset": [418, 442]}, {"key": "extended-term", "type": "definition", "offset": [517, 530]}, {"key": "or-equivalent", "type": "definition", "offset": [714, 727]}, {"key": "in-the-building", "type": "clause", "offset": [754, 769]}, {"key": "similar-buildings", "type": "definition", "offset": [792, 809]}, {"key": "rent-payable", "type": "definition", "offset": [959, 971]}, {"key": "during-the-lease-term", "type": "clause", "offset": [972, 993]}], "size": 2, "hash": "eeb4b233e4a94858c00d660838faf2a6", "id": 3}, {"snippet": "42.01. If during the term of this Lease any Offer Space shall become \u201cavailable\u201d (as such term is hereinafter defined) and the Offer Notice for such Offer Space is delivered no later than February 1, 2023, then provided that (x) as of the date of Tenant\u2019s OS Notice, Tenant is not then in monetary default or material non-monetary under this Lease beyond applicable notice and cure periods, and (y) as of the date of Tenant\u2019s OS Notice, Tenant and/or its Permitted Transferees are in occupancy of not less than eighty five (85%) percent of the rentable square footage of the demised premises then leased by Tenant (the \u201cOffer Space Occupancy Test\u201d), Landlord shall give Tenant notice (an \u201cOffer Notice\u201d), specifying (a) the location and rentable square footage of such Offer Space, (b) the condition in which such Offer Space shall be delivered to Tenant, (c) Landlord\u2019s proposed determination of the annual fair market rental value for such Offer Space (\u201cLandlord\u2019s Offer Determination\u201d), (d) the date or estimated date that such offer space will be delivered to Tenant in the condition required by this Lease (the \u201cAnticipated OS Inclusion Date\u201d) and (e) any other relevant terms being offered by Landlord with respect to such space. The foregoing right of Tenant is hereinafter referred to as the \u201cTenant\u2019s Right of First Offer\u201d. In addition, provided Tenant is not then in monetary default or material non-monetary under this Lease beyond applicable notice and cure periods, Landlord shall, within the first sixty (60) days following the beginning of each calendar year, deliver to Tenant a notice listing all Offer Space that has become \u201cavailable\u201d since the delivery of the immediately preceding Offer Notice or Landlord reasonably anticipates will become \u201cavailable\u201d within the following twelve (12) month period. Each such annual notice by Landlord shall constitute an Offer Notice and include the information described in clauses (a) through (e) above, and Tenant\u2019s Right of First Offer with respect to any Offer Space identified in such Offer Notice shall be subject to Tenant\u2019s satisfaction of the conditions set forth in this Section 42.01. No Offer Notice may be sent to Tenant more than eighteen (18) months in advance of the Anticipated OS Inclusion Date.", "samples": [{"hash": "8YWet8roTyE", "uri": "/contracts/8YWet8roTyE#offer-space", "label": "Lease Agreement (Oppenheimer Holdings Inc)", "score": 22.6016427105, "published": true}], "snippet_links": [{"key": "during-the-term-of-this-lease", "type": "clause", "offset": [10, 39]}, {"key": "the-offer-notice", "type": "definition", "offset": [123, 139]}, {"key": "provided-that", "type": "clause", "offset": [211, 224]}, {"key": "date-of", "type": "clause", "offset": [239, 246]}, {"key": "monetary-default", "type": "clause", "offset": [289, 305]}, {"key": "material-non", "type": "clause", "offset": [309, 321]}, {"key": "under-this-lease", "type": "clause", "offset": [331, 347]}, {"key": "notice-and-cure-periods", "type": "clause", "offset": [366, 389]}, {"key": "permitted-transferees", "type": "clause", "offset": [455, 476]}, {"key": "rentable-square-footage", "type": "clause", "offset": [544, 567]}, {"key": "the-demised-premises", "type": "clause", "offset": [571, 591]}, {"key": "by-tenant", "type": "clause", "offset": [604, 613]}, {"key": "landlord-shall", "type": "clause", "offset": [650, 664]}, {"key": "tenant-notice", "type": "clause", "offset": [670, 683]}, {"key": "the-location", "type": "clause", "offset": [720, 732]}, {"key": "the-annual", "type": "clause", "offset": [897, 907]}, {"key": "fair-market-rental-value", "type": "definition", "offset": [908, 932]}, {"key": "required-by", "type": "definition", "offset": [1088, 1099]}, {"key": "inclusion-date", "type": "definition", "offset": [1132, 1146]}, {"key": "other-relevant-terms", "type": "clause", "offset": [1161, 1181]}, {"key": "offered-by", "type": "definition", "offset": [1188, 1198]}, {"key": "with-respect-to", "type": "clause", "offset": [1208, 1223]}, {"key": "the-foregoing", "type": "definition", "offset": [1236, 1249]}, {"key": "right-of-tenant", "type": "clause", "offset": [1250, 1265]}, {"key": "right-of-first-offer", "type": "definition", "offset": [1310, 1330]}, {"key": "in-addition", "type": "clause", "offset": [1333, 1344]}, {"key": "provided-tenant", "type": "definition", "offset": [1346, 1361]}, {"key": "following-the", "type": "definition", "offset": [1528, 1541]}, {"key": "beginning-of", "type": "clause", "offset": [1542, 1554]}, {"key": "each-calendar-year", "type": "definition", "offset": [1555, 1573]}, {"key": "deliver-to", "type": "definition", "offset": [1575, 1585]}, {"key": "a-notice", "type": "definition", "offset": [1593, 1601]}, {"key": "delivery-of-the", "type": "clause", "offset": [1664, 1679]}, {"key": "notice-by-landlord", "type": "clause", "offset": [1838, 1856]}, {"key": "the-information", "type": "clause", "offset": [1902, 1917]}, {"key": "in-clauses", "type": "clause", "offset": [1928, 1938]}, {"key": "subject-to-tenant", "type": "definition", "offset": [2069, 2086]}, {"key": "satisfaction-of-the-conditions", "type": "clause", "offset": [2089, 2119]}, {"key": "no-offer", "type": "clause", "offset": [2153, 2161]}, {"key": "may-be-sent", "type": "definition", "offset": [2169, 2180]}, {"key": "in-advance", "type": "clause", "offset": [2222, 2232]}], "size": 7, "hash": "e7286e08e68cbd218c56e6a614b88dcb", "id": 1}, {"snippet": "The First Offer Notice shall describe the space so offered to Tenant and shall set forth the \"First Offer Rent,\" as that term is defined in Section 1.3.3 below, and the other economic terms upon which Landlord is willing to lease such space to Tenant.", "samples": [{"hash": "pHK2lgpad4", "uri": "/contracts/pHK2lgpad4#offer-space", "label": "Office Lease (Artistdirect Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "first-offer-notice", "type": "definition", "offset": [4, 22]}, {"key": "the-space", "type": "definition", "offset": [38, 47]}, {"key": "to-tenant", "type": "definition", "offset": [59, 68]}, {"key": "first-offer-rent", "type": "clause", "offset": [94, 110]}, {"key": "defined-in-section", "type": "clause", "offset": [129, 147]}, {"key": "economic-terms", "type": "clause", "offset": [175, 189]}, {"key": "to-lease", "type": "clause", "offset": [221, 229]}], "size": 5, "hash": "eedc1ab2d1ab7ab84a4f1c4f01c0f1ca", "id": 2}, {"snippet": "Notwithstanding anything to the contrary in this Lease, Landlord and Tenant acknowledge and agree that neither the Phase 1 Expansion Space nor the Phase 2 Expansion Space is contiguous Offer Space (as defined in the Lease) subject to the expansion rights set forth in Article 36 of the Lease.", "samples": [{"hash": "5F2gy85bWIC", "uri": "/contracts/5F2gy85bWIC#offer-space", "label": "Lease (Surmodics Inc)", "score": 34.3141683778, "published": true}, {"hash": "9LuL0KbVfco", "uri": "/contracts/9LuL0KbVfco#offer-space", "label": "Lease (Surmodics Inc)", "score": 33.3175906913, "published": true}], "snippet_links": [{"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [0, 40]}, {"key": "in-this-lease", "type": "clause", "offset": [41, 54]}, {"key": "landlord-and-tenant", "type": "clause", "offset": [56, 75]}, {"key": "acknowledge-and-agree", "type": "clause", "offset": [76, 97]}, {"key": "phase-1", "type": "clause", "offset": [115, 122]}, {"key": "expansion-space", "type": "definition", "offset": [123, 138]}, {"key": "phase-2-expansion", "type": "definition", "offset": [147, 164]}, {"key": "the-lease", "type": "clause", "offset": [212, 221]}, {"key": "subject-to-the", "type": "definition", "offset": [223, 237]}, {"key": "expansion-rights", "type": "clause", "offset": [238, 254]}], "size": 2, "hash": "6787afea5eac8aff74092e0246b26ef6", "id": 4}, {"snippet": "22 ARTICLE 30", "samples": [{"hash": "glkp9gLpFKZ", "uri": "/contracts/glkp9gLpFKZ#offer-space", "label": "Lease Agreement (Athenahealth Inc)", "score": 18.0, "published": true}, {"hash": "7KS7tqwXgq6", "uri": "/contracts/7KS7tqwXgq6#offer-space", "label": "Lease Agreement (Athenahealth Inc)", "score": 18.0, "published": true}], "snippet_links": [], "size": 2, "hash": "df4f7863e7eba6523982cacf8e4b9d69", "id": 5}, {"snippet": "If, at any time during the Lease Term, after the expiration of one hundred eighty (180) days following the first applicable Expansion Commencement Date, any space in Building 10 becomes \u201cavailable for lease\u201d, Landlord shall give Tenant written notice (\u201cBuilding 10 Offer Space Notice\u201d) of such event. Such notice shall identify the location, configuration and size of the space (\u201cBuilding 10 Offer Space\u201d), as well as the applicable business terms under which Landlord is willing to lease such space (such as duration, commencement date, concessions, base rent, and additional rent). Within ten (10) business days after the date the Building 10 Offer Space Notice is given to Tenant, the time of giving of such notice to be of the essence of this Section, Tenant shall give Landlord written notice (\u201cBuilding 10 Offer Acceptance Notice\u201d) of its election to lease the entire Building 10 Offer Space. Space shall not be considered \u201cavailable for lease\u201d if it is leased by another tenant or is subject to an expansion option or prior right held by another tenant, or if the existing tenant of such space desires to renew or extend its lease.", "samples": [{"hash": "3RsFMIYpOah", "uri": "/contracts/3RsFMIYpOah#offer-space", "label": "Lease Agreement (Norwegian Cruise Line Holdings Ltd.)", "score": 26.3470225873, "published": true}], "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [4, 15]}, {"key": "during-the-lease-term", "type": "clause", "offset": [16, 37]}, {"key": "expiration-of", "type": "clause", "offset": [49, 62]}, {"key": "following-the", "type": "definition", "offset": [93, 106]}, {"key": "expansion-commencement-date", "type": "clause", "offset": [124, 151]}, {"key": "available-for-lease", "type": "definition", "offset": [187, 206]}, {"key": "landlord-shall", "type": "clause", "offset": [209, 223]}, {"key": "written-notice", "type": "definition", "offset": [236, 250]}, {"key": "the-location", "type": "clause", "offset": [328, 340]}, {"key": "the-space", "type": "definition", "offset": [368, 377]}, {"key": "business-terms", "type": "definition", "offset": [433, 447]}, {"key": "to-lease", "type": "clause", "offset": [480, 488]}, {"key": "base-rent", "type": "clause", "offset": [551, 560]}, {"key": "additional-rent", "type": "definition", "offset": [566, 581]}, {"key": "days-after", "type": "definition", "offset": [609, 619]}, {"key": "the-building", "type": "definition", "offset": [629, 641]}, {"key": "to-tenant", "type": "definition", "offset": [673, 682]}, {"key": "notice-to", "type": "definition", "offset": [711, 720]}, {"key": "of-the-essence", "type": "clause", "offset": [724, 738]}, {"key": "tenant-shall", "type": "clause", "offset": [756, 768]}, {"key": "offer-acceptance-notice", "type": "definition", "offset": [812, 835]}, {"key": "entire-building", "type": "definition", "offset": [867, 882]}, {"key": "subject-to", "type": "definition", "offset": [991, 1001]}, {"key": "expansion-option", "type": "clause", "offset": [1005, 1021]}, {"key": "existing-tenant", "type": "definition", "offset": [1071, 1086]}], "size": 2, "hash": "32466fb3c86234bb7ac6b63a3462c7d3", "id": 6}, {"snippet": "Subject to any rights granted to tenants occupying the Project prior to Tenant and provided such right existed in such tenants' leases prior to August 1, 1998, and provided that an Event of Default by Tenant is not in existence under the terms of this Lease, Tenant shall have the right (the \"First Offer Right\") to lease any space that may become available on the fourth (4th) floor of the Building (the \"First Right Space\"), if all or any portion of the First Right Space comes available for lease during the Lease Term, as the same may be extended. Upon all or any portion of the First Right Space coming available, Landlord shall give Tenant written notice (\"Offer Notice\") of the availability of all or such portion of the First Right Space, which Offer Notice shall include Landlord's good faith determination of the Fair Market Rent (as that term is defined in Section 2.2.2)", "samples": [{"hash": "9HiTBGd38I2", "uri": "/contracts/9HiTBGd38I2#offer-space", "label": "Office Lease (Aames Financial Corp/De)", "score": 18.0, "published": true}], "snippet_links": [{"key": "subject-to", "type": "definition", "offset": [0, 10]}, {"key": "granted-to", "type": "definition", "offset": [22, 32]}, {"key": "the-project", "type": "clause", "offset": [51, 62]}, {"key": "to-tenant", "type": "definition", "offset": [69, 78]}, {"key": "such-right", "type": "definition", "offset": [92, 102]}, {"key": "and-provided-that", "type": "clause", "offset": [160, 177]}, {"key": "event-of-default-by-tenant", "type": "clause", "offset": [181, 207]}, {"key": "in-existence", "type": "definition", "offset": [215, 227]}, {"key": "terms-of", "type": "definition", "offset": [238, 246]}, {"key": "tenant-shall", "type": "clause", "offset": [259, 271]}, {"key": "the-right", "type": "clause", "offset": [277, 286]}, {"key": "first-offer-right", "type": "definition", "offset": [293, 310]}, {"key": "to-lease", "type": "clause", "offset": [313, 321]}, {"key": "the-building", "type": "definition", "offset": [387, 399]}, {"key": "first-right-space", "type": "definition", "offset": [406, 423]}, {"key": "available-for-lease", "type": "definition", "offset": [480, 499]}, {"key": "during-the-lease-term", "type": "clause", "offset": [500, 521]}, {"key": "landlord-shall", "type": "clause", "offset": [619, 633]}, {"key": "written-notice", "type": "definition", "offset": [646, 660]}, {"key": "offer-notice", "type": "definition", "offset": [663, 675]}, {"key": "availability-of", "type": "clause", "offset": [685, 700]}, {"key": "determination-of-the", "type": "clause", "offset": [802, 822]}, {"key": "fair-market-rent", "type": "clause", "offset": [823, 839]}, {"key": "defined-in-section", "type": "clause", "offset": [857, 875]}], "size": 1, "hash": "fb021b3dd59a29fb10005bb0a60b530f", "id": 7}, {"snippet": "During the first six (6) years of this Lease and subject to the prior rights of any existing tenants, Tenant shall have a one-time right of first offer (\"Right of First Offer\") to lease all, but not part, of the space located in Building #1, as shown crosshatched on Exhibit \"B\" (the \"Offer Space\") in an \"as is\" condition and subject to Paragraphs 2 through 9 of this section.", "samples": [{"hash": "d3nYt1dWRrX", "uri": "/contracts/d3nYt1dWRrX#offer-space", "label": "Lease Agreement (Quality Care Solutions Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "subject-to-the", "type": "definition", "offset": [49, 63]}, {"key": "rights-of", "type": "definition", "offset": [70, 79]}, {"key": "existing-tenants", "type": "definition", "offset": [84, 100]}, {"key": "tenant-shall", "type": "clause", "offset": [102, 114]}, {"key": "right-of-first-offer", "type": "definition", "offset": [131, 151]}, {"key": "to-lease", "type": "clause", "offset": [177, 185]}, {"key": "the-space", "type": "definition", "offset": [208, 217]}, {"key": "located-in", "type": "definition", "offset": [218, 228]}, {"key": "as-shown", "type": "definition", "offset": [242, 250]}, {"key": "paragraphs-2", "type": "clause", "offset": [338, 350]}], "size": 1, "hash": "01631988e72c21f93a4c0a64a684a296", "id": 8}, {"snippet": "SECTION 29.1 Subject to the terms of this Article 29, commencing from and after the date that Tenant is actually occupying the entire Premises, *. Landlord shall institute the procedure described in this Article 29 by giving written notice thereof (the \"Offer Notice\")", "samples": [{"hash": "7KS7tqwXgq6", "uri": "/contracts/7KS7tqwXgq6#offer-space", "label": "Lease Agreement (Athenahealth Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "terms-of", "type": "definition", "offset": [28, 36]}, {"key": "article-29", "type": "definition", "offset": [42, 52]}, {"key": "commencing-from", "type": "clause", "offset": [54, 69]}, {"key": "entire-premises", "type": "clause", "offset": [127, 142]}, {"key": "landlord-shall", "type": "clause", "offset": [147, 161]}, {"key": "the-procedure", "type": "definition", "offset": [172, 185]}, {"key": "notice-thereof", "type": "clause", "offset": [233, 247]}, {"key": "offer-notice", "type": "definition", "offset": [254, 266]}], "size": 1, "hash": "1843066cd4ba8b00fd0f8c5e3f80d52f", "id": 9}, {"snippet": "Section 1.1(d)..........................2", "samples": [{"hash": "3LtbbhmzMrB", "uri": "/contracts/3LtbbhmzMrB#offer-space", "label": "Office Building Lease (Homegrocer Com Inc)", "score": 18.0, "published": true}], "snippet_links": [], "size": 1, "hash": "b77e8943d98eb2cb7e6dcd875480246e", "id": 10}], "next_curs": "ClQSTmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjALEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhRvZmZlci1zcGFjZSMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"children": [["no-waiver", "No Waiver"], ["", ""], ["roof-installations", "ROOF INSTALLATIONS"], ["adjacent-excavation-shoring", "ADJACENT EXCAVATION; SHORING"], ["disruption-of-telephone-and-telecommunications", "Disruption of telephone and telecommunications"]], "parents": [["counterparts-electronic-signatures", "Counterparts/Electronic Signatures"], ["miscellaneous", "Miscellaneous"], ["right-of-first-offer", "Right of First Offer"], ["basic-lease-provisions", "BASIC LEASE PROVISIONS"], ["waiver-of-jury-trial", "Waiver Of Jury Trial"]], "title": "Offer Space", "size": 33, "id": "offer-space", "related": [["expansion-space", "Expansion Space", "Expansion Space"], ["additional-space", "Additional Space", "Additional Space"], ["expansion-premises", "Expansion Premises", "Expansion Premises"], ["additional-premises", "Additional Premises", "Additional Premises"], ["adjacent-premises", "Adjacent Premises", "Adjacent Premises"]], "related_snippets": [], "updated": "2025-07-07T12:36:22+00:00", "also_ask": [], "drafting_tip": "Specify the exact space offered to prevent misunderstandings; detail permitted uses to clarify tenant rights; state duration to ensure enforceability.", "explanation": "The \"Offer Space\" clause defines the terms under which a party provides or makes available a physical or virtual space to another party. This clause typically outlines the location, size, permitted uses, and duration of the offered space, and may specify any conditions or restrictions on its use, such as hours of access or maintenance responsibilities. Its core practical function is to clearly establish the rights and obligations of both parties regarding the use of the space, thereby preventing misunderstandings and disputes over access or usage."}, "json": true, "cursor": ""}}