Preferential Right to Lease. So long as thirty-six months remain in the initial Term, Tenant shall have a Preferential Right to Lease space on the 3rd floor of the Building and the 5th floor of the Building (the “Preferential Space”), at such time as such space becomes Available (as defined below) for direct lease to a new tenant (whether or not a bona fide offer has been made); provided no uncured event of default exists under the Lease (and no condition exists which, with the passage of time and/or giving of notice, would be an event of default) and Tenant remains in occupancy of the entire Premises. The Preferential Space shall be deemed “Available” at such time as Landlord decides to offer the Preferential Space for lease and such space is no longer any of the following: (i) leased or occupied; (ii) assigned or subleased by the then-current tenant of the space; and (iii) re-leased by the then-current tenant of the space by renewal, extension or renegotiation (whether agreed to prior to or after the Effective Date). This Preferential Right to Lease shall terminate upon relocation of the Premises to another building by agreement of Landlord and Tenant or upon any Transfer as defined in the Lease. The Preferential Space shall be reduced to the extent Tenant leases any portion thereof, whether or not pursuant to a formal option provision in the Lease.
Preferential Right to Lease. A. Subject only to the renewal options, expansion options, rights of first offer and rights of first refusal of other tenants in the Building granted by Landlord prior to the Effective Date (as listed on Exhibit L attached hereto and made a part hereof for all purposes) or which are included in any lease executed after the Effective Date as to which Tenant failed or elected not to exercise its Right of First Refusal under Section 51, and provided no less than twenty-four (24) months remain in the then-remaining Term, including any Extended Term or Terms created through Renewal Options exercised previously or contemporaneously, Tenant shall have a continuing and recurring right, more specifically described below, to lease any space which shall be or become available for “direct” lease on the eighth (8th) floor of the Building (the “Preferential Right to Lease”). The Preferential Right to Lease is not a “right of first offer”, but rather (absent a prospect for the space, as to which the Right of First Refusal provisions shall apply) the right on the part of Tenant to give written notice to Landlord of its desire to lease additional space on the eighth (8th) floor of the Building (a “Tenant’s Preferential Notice”), which shall include (i) the approximate amount of additional space which Tenant desires to lease, and (ii) the desired commencement date for such space, it being understood and agreed that the term of the lease for such additional space shall be coterminous with the then existing Term. Within ten (10) business days of receipt of Tenant’s Preferential Notice, Landlord shall give written notice to Tenant of (a) all such space availabilities on the eighth (8th) floor of the Building (including space that Landlord believes may become available during the six (6) month period before and after Tenant’s date of desired commencement) (the “Available Space”), (b) an existing-condition floor plan(s) of the Available Space, and (c) the applicable leasehold improvement allowance (a “Landlord’s Preferential Right Notice”). Space for which Landlord has a lease proposal out, or is actively negotiating a letter of intent, lease or similar agreement with a third party, shall not be deemed “Available Space”. Within ten (10) business days of receipt of Landlord’s Preferential Right Notice, Tenant shall give Landlord written notice of its intent to lease all or a portion (contiguous to the Leased Premises as they are then constituted) of the Available Space. The lease...
Preferential Right to Lease. Effective as of the Modification Effective Date, Tenant’s preferential right to lease set forth in Rider No. 4 attached to the Twenty-First Amendment is deleted in its entirety.
Preferential Right to Lease. If Landlord desires to lease any space that adjoins the Premises to a third party, Landlord shall promptly give written notice to Tenant with MI information concerning the proposed lease, which shall include the name and address of the prospective lessee, the rental amount, and all other terms of the lease. Tenant shall have the right for a period of ten (10) days after receipt of the notice, to elect to lease the space on the same terms and conditions. If Tenant elects to lease the space, Tenant shall have thirty (30) days after the date of its election in which to lease the space. If Tenant elects not to lease the space, and Landlord does not lease the space or does not lease the space on the terms and conditions contained in Landlord's notice to Tenant, the space shall remain subject to Tenant's preferential right to lease. If Landlord leases the space and the lease expires or terminates, the space shall again be subject to Tenant's preferential right to lease.
Preferential Right to Lease. The Leased Premises shall not be used for any purpose which would tend to lower the first-class character of the Building, violate any other tenants’ exclusive use, if any, previously granted by Landlord, which exclusive use is identified in Exhibit J attached hereto and made a part hereof for all purposes, create unreasonable elevator loads or otherwise interfere with standard Building operations. Tenant agrees specifically that no food, soft drink or other vending machine will be installed within the Leased Premises without the prior written consent of Landlord, which consent shall not be unreasonably withheld, conditioned or delayed. Under no circumstances shall any abortions be performed in the Leased Premises (but the foregoing does not prohibit routine gynecological procedures).
Preferential Right to Lease. Tenant shall have the preferential right to lease certain space as set forth in Article II of Exhibit B hereto.
Preferential Right to Lease. Rider No. 3 to the Lease is hereby deleted in its entirety and replaced with Rider No. 3 attached hereto and made a part hereof.
Preferential Right to Lease. Tenant shall have the first right to lease any Additional Space which becomes vacant in the Building (after first being occupied) during the term of the Lease. The per square foot rental rate for any Additional Space under this Paragraph shall be the then prevailing "Fair market" per square foot rental rate, including a "Fair Market" tenant improvement allowance determined in accordance with Exhibit "J". Tenant shall have ten (10) days from receipt of written notice from Landlord that Additional Space is or will become vacant in the Building to exercise its right under this paragraph. Landlord shall give Tenant ninety (90) days prior notice with respect to Additional Space which is to become vacant as a result of the expiration of the stated term of another tenant's lease and use its best efforts to give Tenant as much notice as possible with respect to any unscheduled vacancies. If Tenant exercises its right to lease
Preferential Right to Lease. Tenant shall have the preferential right to lease certain space as set forth in Article II of EXHIBIT B hereto.
Preferential Right to Lease. Notwithstanding anything in the Lease to the contrary Tenant shall not have a preferential right to lease certain space. Accordingly, Paragraph 16 and Rider No. 3 to the Second Amendment are hereby deleted and are of no further force or effect.
