Procedure for Acceptance. If Tenant wishes to exercise Tenant’s right of first offer with respect to the space described in the First Offer Notice, then within ten (10) business days after delivery of the First Offer Notice to Tenant, Tenant shall deliver an unconditional irrevocable notice to Landlord of Tenant’s exercise of its right of first offer with respect to the entire space described in the First Offer Notice (“ROFO Exercise Notice”), and the Economic Terms shall be as set forth in Paragraph 1 above. If Tenant does not unconditionally exercise its right of first offer within such ten (10) business day period, then Landlord shall be free to lease the space described in the First Offer Notice to anyone to whom Landlord desires on any terms Landlord desires and Tenant’s right of first offer shall terminate as to the First Offer Space described in the First Offer Notice. Notwithstanding anything to the contrary contained herein, Tenant must elect to exercise its right of first offer, if at all, with respect to all of the space offered by Landlord to Tenant as being proposed to be leased by a third party at any particular time, and Tenant may not elect to lease only a portion thereof, provided however, that Tenant will not be required to lease the entire First Offer Space unless the third party is offering to lease the entire First Offer Space.
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Procedure for Acceptance. If Tenant wishes to exercise Tenant’s 's right of first offer with respect to the space described in the First Offer Notice, then within ten seven (107) business days after of delivery of the First Offer Notice to Tenant, Tenant shall deliver an unconditional irrevocable notice to Landlord (the "First Offer Exercise Notice") of Tenant’s 's election to exercise of its right of first offer with respect to the entire space described in the First Offer Notice (“ROFO Exercise Notice”)on the terms contained in such notice, provided that upon, and concurrent with, such exercise, Tenant may, at its option, object to the Economic Terms First Offer Rent contained in the First Offer Notice, in which case the First Offer Rent shall be determined as set forth in Paragraph 1 aboveSection 1.2.7, below. If Tenant does not unconditionally exercise its right of first offer so notify Landlord within such ten seven (107) business day period, then Landlord shall be free to lease the space described in the First Offer Notice to anyone to whom Landlord desires on any terms Landlord desires and Tenant’s right of first offer shall terminate as to the First Offer Space described in the First Offer Noticedesires. Notwithstanding anything to the contrary contained herein, Tenant must elect to exercise its right of first offer, if at all, with respect to all of the space offered by Landlord to Tenant as being proposed to be leased by a third party at any particular time, and Tenant may not elect to lease only a portion thereof. If Tenant shall timely deliver a First Offer Exercise Notice, provided howeverthen upon the First Offer Commencement Date, that Tenant will not be required to lease the entire First Offer Space unless shall become a part of the third party is offering to lease the entire First Offer SpacePremises for purposes of this Lease.
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Samples: Office Lease
Procedure for Acceptance. If Tenant wishes to exercise Tenant’s 's right of first offer with respect to the space described in the First Offer Notice, then within ten five (105) business days after of delivery of the First Offer Notice to Tenant, Tenant shall deliver an unconditional irrevocable notice to Landlord of Tenant’s that Tenant either intends to or declines to exercise of its right of first offer with respect to the entire space described in the First Offer Notice on the terms contained in such notice. Tenant's failure to so notify Landlord within the five (“ROFO Exercise Notice”), and the Economic Terms shall be as set forth in Paragraph 1 above. If Tenant does not unconditionally exercise its right of first offer within such ten (105) business day periodperiod shall be deemed to be notice that Tenant declines to exercise it rights hereunder, then and Landlord shall then be free to lease the space described in the First Offer Notice to anyone to whom Landlord desires on any terms Landlord desires and Tenant’s right of first offer shall terminate (such leases consummated thereafter to be known as to the First Offer Space described in the First Offer Notice"New Leases"). Notwithstanding anything to the contrary contained herein, Tenant must elect to exercise its right of first offer, if at all, with respect to the lesser of (i) all of the space offered by Landlord to Tenant as being proposed to be leased by a third party at any particular timein the First Offer Notice, and (ii) ten thousand (10,000) square feet of the First Offer Space, provided that the portion of the First Offer Space which Tenant may does not elect to lease only under this Section 40.1.2 shall be in a portion thereofmarketable configuration, provided howeveras determined by Landlord, that Tenant will not be required to lease the entire First Offer Space unless the third party is offering to lease the entire First Offer Spacein Landlord's reasonable discretion.
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Samples: Office Lease (Activision Inc /Ny)
Procedure for Acceptance. If Tenant wishes to exercise Tenant’s right of first offer with respect to the space described in the First Offer Notice, then within ten thirty (1030) business days after delivery of the First Offer Notice to Tenant, Tenant shall deliver an unconditional irrevocable notice to Landlord of Tenant’s exercise of its right of first offer with respect to the entire space described in the First Offer Notice (“ROFO Exercise Notice”), and on the First Offer Economic Terms shall be as set forth in Paragraph 1 abovecontained therein. If Tenant does not unconditionally exercise its right of first offer within such ten said 30-day period (10) business day periodon all of the First Offer Economic Terms), then Landlord shall be free to lease the space described in the First Offer Notice to anyone to whom Landlord desires on any provided the economic terms Landlord desires and Tenant’s right conditions of first offer shall terminate as such lease are not more favorable to the First Offer Space described tenant thereunder than the terms and conditions in the First Offer Notice. Landlord agrees that it will not offer to lease, or enter into a lease of the First Offer Space, on economic terms and conditions more favorable to the tenant thereunder than the terms and conditions in the First Offer Notice without first delivering Tenant another First Offer Notice containing such more favorable terms and conditions and repeating the procedures set forth in this Paragraph 55. Notwithstanding anything to the contrary contained herein, Tenant must elect to exercise its right of first offer, if at all, with respect to all of the space comprising the First Offer Space offered by Landlord to Tenant as being proposed to be leased by a third party at any particular time, and Tenant may not elect to lease only a portion thereof, provided however, that Tenant will not be required thereof or object to lease any of the entire First Offer Space unless the third party is offering to lease the entire First Offer SpaceEconomic Terms.
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Procedure for Acceptance. If Tenant wishes to exercise Tenant’s 's right of first offer with respect to the space described in the First Offer Notice, then within ten (10) business days after of delivery of the First Offer Notice to Tenant, Tenant shall deliver an unconditional irrevocable notice to Landlord of Tenant’s 's election to exercise of its right of first offer with respect to the entire space described in the First Offer Notice (“ROFO Exercise Notice”)on the terms contained in such notice. If Tenant elects to exercise the right of first offer, such space shall be leased upon the terms and conditions contained in the first offer notice, and otherwise upon all of the Economic Terms shall be as set forth in Paragraph 1 aboveterms and conditions of this Lease. If Tenant does not unconditionally exercise its right of first offer so notify Landlord within such the ten (10) business day period, then Landlord shall be free to lease the space described in the First Offer Notice to anyone to whom Landlord desires on any terms Landlord desires; provided that, if Landlord desires and Tenant’s right of first offer shall terminate as to lease the First Offer Space space described in the First Offer Notice to a third party for a net effective rent per square foot that is less than 95% of the rent set forth in the First Offer Notice, or fails to enter into a lease upon such terms within six (6) months of the First Offer Notice, then Tenant’s first offer right under this Lease shall revive and Landlord shall comply with the requirements of this Section 1.3 before leasing such space to any third party. Notwithstanding anything to the contrary contained herein, Tenant must elect to exercise its right of first offer, if at all, with respect to all of the space offered by Landlord to Tenant as being proposed to be leased by a third party at any particular time, and Tenant may not elect to lease only a portion thereof, provided however, that Tenant will not be required to lease the entire First Offer Space unless the third party is offering to lease the entire First Offer Space.
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Samples: Lease (Compugen LTD)
Procedure for Acceptance. If Tenant wishes to exercise Tenant’s right of first offer with respect to the space described in the First Offer Notice, then within ten (10) business days after of delivery of the First Offer Notice to Tenant, Tenant shall deliver an unconditional irrevocable notice to Landlord of Tenant’s election to exercise of its right of first offer with respect to the entire space described in the First Offer Notice (“ROFO Exercise on the terms contained in such notice and this Section 1.3; provided, however, Tenant may, at its option, object to the First Offer Rent contained in the First Offer Notice”), in which case the parties shall follow the procedure, and the Economic Terms First Offer Rent shall be determined, as set forth in Paragraph 1 aboveSection 2.2.4, below. If Tenant does not unconditionally exercise its right of first offer so notify Landlord within such ten (10) business day period, then Landlord shall be free to lease the space described in the First Offer Notice to anyone to whom Landlord desires on any terms Landlord desires and Tenant’s right of first offer shall terminate as to the First Offer Space described in the First Offer Noticedesires. Notwithstanding anything to the contrary contained herein, Tenant must elect to exercise its right of first offer, if at all, with respect to all of the space offered by Landlord to Tenant as being proposed to be leased by a third party at any particular time, and Tenant may not elect to lease only a portion thereof, provided however, that Tenant will not be required to lease the entire First Offer Space unless the third party is offering to lease the entire First Offer Space.
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Samples: Office Lease (Docusign Inc)