Common use of Procedure for Offer Clause in Contracts

Procedure for Offer. Subject to the terms hereof, Landlord shall notify Tenant (the “First Offer Notice”) prior to entering into any lease with a third party for the First Offer Space, which notice shall outline the base rent, allowance amounts if any, length of term, and other economic terms on which Landlord would be willing to lease the First Offer Space (as set forth in such proposal) to Tenant (the “Fundamental Terms”). Pursuant to such First Offer Notice, Landlord shall offer to lease to Tenant the applicable First Offer Space on the Fundamental Terms.

Appears in 6 contracts

Samples: Sublease (Alector, Inc.), Lease (Bolt Biotherapeutics, Inc.), Lease (Denali Therapeutics Inc.)

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Procedure for Offer. Subject to the terms hereof, Landlord shall notify Tenant (the “First Offer Notice”) prior to entering into any lease with a third party for the First Offer Space, which notice shall outline the base rent, allowance amounts if any, length of term, and other economic terms on which Landlord would be willing to lease the First Offer Space (as set forth in such proposal) to Tenant (the "Fundamental Terms"). Pursuant to such First Offer Notice, Landlord shall offer to lease to Tenant the applicable First Offer Space on the Fundamental Terms.

Appears in 3 contracts

Samples: Lease (Graphite Bio, Inc.), Lease (MyoKardia Inc), Lease (CytomX Therapeutics, Inc.)

Procedure for Offer. Subject to the terms hereof, Landlord shall notify Tenant (the "First Offer Notice") prior from time to entering into any lease with time when Landlord receives a third party for the First Offer Space, which notice shall outline the base rent, allowance amounts if any, length of term, and other economic terms on which Landlord would be willing bona fide offer to lease the First Offer Space (as on terms which Landlord is willing to accept, where no holder of a Superior Right desires to lease such space, which First Offer Notice will set forth in out the terms of such proposal) to Tenant (the “Fundamental Terms”)third party offer. Pursuant to The economic terms and conditions of Tenant's lease of such First Offer Notice, Landlord Space shall offer to lease to Tenant the applicable be as provided in Landlord's First Offer Space on the Fundamental Notice ("First Offer Economic Terms").

Appears in 2 contracts

Samples: Lease (Mabvax Therapeutics Holdings, Inc.), Lease (Mabvax Therapeutics Holdings, Inc.)

Procedure for Offer. Subject to the terms hereofof this Section XII.E, Landlord shall notify Tenant (the "First Offer Notice") prior from time to entering into any lease with a third party for the First Offer Space, which notice shall outline the base rent, allowance amounts if any, length of term, and other economic terms on which Landlord would be willing to lease time when the First Offer Space (as set forth in such proposal) or any portion thereof will become available for lease to Tenant (the “Fundamental Terms”)third parties. Pursuant to such First Offer Notice, Landlord shall offer to lease to Tenant the applicable then available First Offer Space on Space. The First Offer Notice shall describe the Fundamental Termsspace so offered to Tenant and the base rent, and other fundamental material economic terms upon which Landlord is willing to lease such space to Tenant.

Appears in 1 contract

Samples: Office Lease (Kronos Bio, Inc.)

Procedure for Offer. Subject to the terms hereof, Landlord shall notify Tenant (the “First Offer Notice”) prior from time to entering into time when the First Offer Space or any portion thereof becomes available for lease with a to third party for parties, provided that no Superior Right Holder wishes to lease such space. The First Offer Notice shall describe the space so offered to Tenant, the term of Landlord’s proposed lease of the subject First Offer Space, which notice and shall outline set forth the base rent“Economic Terms,” as that term is defined in Section 3.2, allowance amounts if anybelow, length of term, and other economic terms on which Landlord would be willing applicable to lease the First Offer Space (as set forth in such proposal) to Tenant (collectively, the “Fundamental TermsFirst Offer Rent”). Pursuant to such First Offer Notice, Landlord shall offer to lease to Tenant the applicable First Offer Space on the Fundamental Terms.

Appears in 1 contract

Samples: Office Lease (Netlogic Microsystems Inc)

Procedure for Offer. Subject to the terms hereof, Landlord shall notify Tenant (the “First Offer Notice”) prior from time to entering into any lease with a third party for the First Offer Spacetime when Landlord determines, which notice shall outline the base rentin Landlord’s sole and absolute (but good faith) discretion, allowance amounts if any, length of term, and other economic terms on which Landlord would be willing to lease that the First Offer Space (as becomes or is expected to become available for lease to third parties. The First Offer Notice shall describe the space so offered to Tenant and shall set forth in the Base Rent and all of Landlord’s proposed economic terms and conditions applicable to Tenant’s lease of such proposal) to Tenant space (collectively, the “Fundamental First Offer Economic Terms”). Pursuant to such First Offer Notice, Landlord shall offer to lease to Tenant the applicable First Offer Space on the Fundamental Terms.

Appears in 1 contract

Samples: Lease (Poseida Therapeutics, Inc.)

Procedure for Offer. Subject to the terms hereof, Landlord shall notify Tenant (the "First Offer Notice") prior to entering into any lease with a third party for the First Offer Space, which notice shall outline the base rent, allowance amounts if any, length of term, and other economic terms on which Landlord would be willing to lease when the First Offer Space (becomes available for lease to third parties as reasonably determined by Landlord, provided that no Superior Right Holder wishes to lease such space pursuant to such Superior Right Holder’s superior right. The First Offer Notice shall describe the space so offered to Tenant and shall set forth in such proposal) to Tenant (the “Fundamental Terms”). Pursuant to such "First Offer NoticeRent," as that term is defined in Section 1.4.4 below, and the other economic terms upon which Landlord shall offer is willing to lease such space to Tenant the applicable First Offer Space on the Fundamental TermsTenant.

Appears in 1 contract

Samples: Office Lease (Concur Technologies Inc)

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Procedure for Offer. Subject to the terms hereofof this Section 7, Landlord shall notify Tenant (the "First Offer Notice") prior from time to entering into any lease with a third party for the First Offer Space, which notice shall outline the base rent, allowance amounts if any, length of term, and other economic terms on which Landlord would be willing to lease time when the First Offer Space (as set forth in such proposal) or any portion thereof will become available for lease to Tenant (third parties, subject to the “Fundamental Terms”)rights of any Superior Right Holder. Pursuant to such First Offer Notice, Landlord shall offer to lease to Tenant the applicable then available First Offer Space on Space. The First Offer Notice shall describe the Fundamental Termsspace so offered to Tenant and the base rent, and other fundamental material economic terms upon which Landlord is willing to lease such space to Tenant.

Appears in 1 contract

Samples: Lease (Portola Pharmaceuticals Inc)

Procedure for Offer. Subject to the terms hereof, Landlord shall notify Tenant (the “a "First Offer Notice") prior from time to entering into any lease with a third party for the First Offer Space, which notice shall outline the base rent, allowance amounts if any, length of term, and other economic terms on which Landlord would be willing to lease time when the First Offer Space (or any portion thereof becomes available for lease to third parties. A First Offer Notice shall describe the space so offered to Tenant, the rentable square footage of the space so offered, the "First Offer Rent," as set forth that term is defined in Section 8.3 below, and the other economic terms upon which Landlord is willing to lease such proposal) space to Tenant (and the “Fundamental Terms”). Pursuant to such anticipated "First Offer NoticeCommencement Date," as that term is defined in Section 8.5, Landlord shall offer to lease to Tenant the applicable First Offer Space on the Fundamental Termsbelow.

Appears in 1 contract

Samples: Office Lease (Yelp Inc)

Procedure for Offer. Subject to the terms hereof, Landlord shall notify Tenant (the “First Offer Notice”) prior to entering into any lease with a third party for the First Offer Space, which notice shall outline the base rent, allowance amounts if any, length of term, and other economic terms on which Landlord would be willing to lease when the First Offer Space (as set forth in or any portion thereof becomes available for lease to third parties, but only if the Superior Right Holder does not wish to lease such proposal) to Tenant (the “Fundamental Terms”)space. Pursuant to such First Offer Notice, Landlord shall offer to lease to Tenant the applicable then-available First Offer Space on Space. The First Offer Notice shall describe the Fundamental space so offered to Tenant and shall set forth Landlord’s proposed economic terms and conditions upon which Landlord is willing to lease such space to Tenant (collectively, the “Economic Terms”).

Appears in 1 contract

Samples: Industrial Lease Agreement (Solid Power, Inc.)

Procedure for Offer. Subject to the terms hereof, Landlord shall notify Tenant (the a “First Offer Notice”) prior from time to entering into any lease with a third party for the First Offer Space, which notice shall outline the base rent, allowance amounts if any, length of term, and other economic terms on which Landlord would be willing to lease time when the First Offer Space or any portion thereof becomes available for lease to third parties (as set forth in such proposal) to Tenant (the “Fundamental Terms”other than Superior Right Holders). Pursuant to such First Offer Notice, Landlord shall offer to lease to Tenant the applicable then available First Offer Space on Space. A First Offer Notice shall describe the Fundamental Termsspace 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.

Appears in 1 contract

Samples: Office Lease (Ixia)

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