Common use of Procedure for Offer Clause in Contracts

Procedure for Offer. Landlord shall notify Tenant (the "First Offer Notice") from time to time when Landlord determines that Landlord shall commence the marketing of any First Offer Space because such space shall become available for lease to third parties, where no holder of a Superior Right desires to lease such space. The First Offer Notice shall describe the space so offered to Tenant and shall set forth Landlord's proposed economic terms and conditions applicable to Tenant's lease of such space (collectively, the "Economic Terms"). Notwithstanding the foregoing, Landlord's obligation to deliver the First Offer Notice shall not apply during the last nine (9) months of the initial Lease Term unless Tenant has delivered an Interest Notice to Landlord pursuant to Section 31(c) above nor shall Landlord be obligated to deliver the First Offer Notice during the last eight (8) months of the initial Lease Term unless Tenant has timely delivered Tenant's Acceptance to Landlord pursuant to Section 31(c) above.

Appears in 1 contract

Samples: Credit, Security, Guaranty and Pledge Agreement (Kushner Locke Co)

AutoNDA by SimpleDocs

Procedure for Offer. Landlord shall notify Tenant (the "First Offer Notice") from time to time when Landlord determines that Landlord shall commence the marketing of any First Offer Space because such space shall become available for lease to third parties, where no holder of a Superior Right desires to lease such space. The First Offer Notice shall describe the space so offered to Tenant and shall set forth Landlord's proposed material economic terms and conditions applicable to Tenant's lease of such space (collectively, the "Economic Terms"), including the proposed term of lease and the proposed rent payable for the First Offer Space. Notwithstanding the foregoing, Landlord's obligation to deliver the First Offer Notice shall not apply during the last nine (9) months of the initial Lease Term unless Tenant has delivered an Interest Notice to Landlord pursuant to Section 31(c) above nor shall Landlord be obligated to deliver the First Offer Notice during the last eight (8) months of the initial Lease Term unless Tenant has timely delivered Tenant's Acceptance to Landlord pursuant to Section 31(c) above.

Appears in 1 contract

Samples: Standard Multi Tenant Lease (SCOLR Pharma, Inc.)

Procedure for Offer. Landlord shall notify Tenant (the "First Offer “Signage Notice") from time to time when Landlord determines that Landlord shall commence the marketing of any First Offer Space the Building Top Signage because such space shall become available for lease to third parties, where no holder of a Superior Right desires to lease such space. The First Offer Signage Notice shall describe the space so offered to Tenant and shall set forth Landlord's ’s proposed material economic terms and conditions applicable to Tenant's lease of such space the Building Top Signage (collectively, the "Economic “Signage Terms"), including the proposed term of lease and the proposed rent payable for the Building Top Signage. Notwithstanding the foregoing, Landlord's ’s obligation to deliver the First Offer Signage Notice shall not apply during the last nine (9) months of the initial Lease Term unless Tenant has delivered an Interest Notice to Landlord pursuant to Section 31(c) 31 above nor shall Landlord be obligated to deliver the First Offer Signage Notice during the last eight (8) months of the initial Lease Term unless Tenant has timely delivered Tenant's ’s Acceptance to Landlord pursuant to Section 31(c) above.

Appears in 1 contract

Samples: Standard Office Lease (Prospect Acquisition Corp)

Procedure for Offer. Landlord shall notify Tenant (the "First Offer Notice") from time to time when Landlord determines determines, in Landlord’s sole and absolute discretion, that Landlord shall commence the marketing of any the First Offer Space (or any portion thereof) because such space shall become or is expected to become available for lease to third parties, where no holder of a Superior Right desires to lease such space. The First Offer Notice shall describe the space so offered to Tenant and shall set forth Landlord's ’s proposed economic terms and conditions applicable to Tenant's ’s lease of such space (collectively, the "“First Offer Economic Terms"), which First Offer Economic Terms shall be based on Landlord’s reasonable, good faith determination of the “fair market rental rate” for such First Offer Space. Notwithstanding the foregoing, Landlord's ’s obligation to deliver the First Offer Notice shall not apply during the last nine (9) months of the initial Lease Term unless Tenant has delivered an Interest Extension Notice (as defined in Paragraph 49(a) above) pertaining to Landlord pursuant to Section 31(c) above nor shall Landlord be obligated to deliver the First Offer Notice during the last eight (8) months extension of the initial Lease Term unless Tenant has timely delivered Tenant's Acceptance to Landlord pursuant to Section 31(c) aboveTerm.

Appears in 1 contract

Samples: Office Building Lease (Veracyte, Inc.)

Procedure for Offer. Landlord shall notify Tenant (the "First Offer Notice") from time to time when Landlord determines that Landlord shall commence the marketing of any First Offer Space because such space shall become available for lease to third parties, where no holder of a Superior Right desires to lease such space. The First Offer Notice shall describe the space so offered to Tenant and shall set forth Landlord's ’s proposed material economic terms and conditions applicable to Tenant's ’s lease of such space (collectively, the "Economic Terms"), including the proposed term of lease and the proposed rent payable for the First Offer Space. Notwithstanding the foregoing, Landlord's ’s obligation to deliver the First Offer Notice shall not apply during the last nine (9) months of the initial Lease Term unless Tenant has delivered an Interest Notice to Landlord pursuant to Section 31(c) 31 above nor shall Landlord be obligated to deliver the First Offer Notice during the last eight (8) months of the initial Lease Term unless Tenant has timely delivered Tenant's ’s Acceptance to Landlord pursuant to Section 31(c) above.

Appears in 1 contract

Samples: Standard Office Lease (Prospect Acquisition Corp)

Procedure for Offer. Landlord shall notify Tenant (the "First Offer Notice") from time to time when Landlord determines that Landlord shall commence the marketing of any First Offer Space because such space shall become available for lease to third parties, where no holder of a Superior Right desires to lease such space. The First Offer Notice shall describe the space so offered to Tenant and shall set forth Landlord's ’s proposed material economic terms and conditions applicable to Tenant's ’s lease of such space (collectively, the "Economic Terms"), including the proposed term of lease and the proposed rent payable for the First Offer Space. Notwithstanding the foregoing, Landlord's ’s obligation to deliver the First Offer Notice shall not apply during the last nine (9) months of the initial Lease Term unless Tenant has delivered an Interest Notice to Landlord pursuant to Section 31(c) above nor shall Landlord be obligated to deliver the First Offer Notice during the last eight (8) months of the initial Lease Term unless Tenant has timely delivered Tenant's ’s Acceptance to Landlord pursuant to Section 31(c) above.

Appears in 1 contract

Samples: Reaffirmation, Consent to Transfer and Substitution of Indemnitor (Hudson Pacific Properties, Inc.)

Procedure for Offer. Tenant may, at any time during the Lease Term, provide written notice to Landlord (the "Space Availability Notice") that Tenant requests a list of any First Offer Space then available for lease; provided, however, that Tenant may not provide a Space Availability Notice to Landlord more than one (1) time in any ninety (90) day period. Within ten (10) business days after Landlord's receipt of a Space Availability Notice, Landlord shall notify provide Tenant with written notice (the "First Offer Notice") from time to time when Landlord determines that Landlord shall commence the marketing of listing any then available First Offer Space because such space shall become available for lease to third parties, where no holder of a Superior Right desires and offering Tenant the opportunity to lease such space. The First Offer Notice shall describe the space so offered to Tenant and shall set forth Landlord's proposed economic terms and conditions applicable to Tenant's lease of such space (collectively, the "Economic Terms"). Notwithstanding the foregoing, Landlord's obligation to deliver the First Offer Notice shall not apply during the last nine six (96) months of the initial Lease Term unless Tenant has delivered an Interest Notice to Landlord exercised its Extension Option pursuant to Section 31(c) above nor shall Landlord be obligated to deliver the First Offer Notice during the last eight (8) months of the initial Lease Term unless Tenant has timely delivered Tenant's Acceptance to Landlord pursuant to Section 31(c) 3.6 above.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (BofI Holding, Inc.)

Procedure for Offer. Landlord shall notify Tenant (the "First Offer Notice") from time to time when Landlord determines determines, in Landlord’s sole and absolute discretion, that Landlord shall commence the marketing of any the First Offer Space (or any portion thereof) because such space shall become or is expected to become available for lease to third parties, where no holder of a Superior Right desires to lease such space. The First Offer Notice shall describe the space so offered to Tenant (including the rentable and usable square feet thereof as determined pursuant to Section 1.3 above – it being agreed that such Fist Offer Notice may include space outside of the First Offer Space) and shall set forth Landlord's ’s proposed economic terms and conditions applicable to Tenant's ’s lease of such space (collectively, the "“First Offer Economic Terms"). Notwithstanding the foregoing, Landlord's ’s obligation to deliver the First Offer Notice shall not apply during the last nine (9) months of the Lease Term or Option Term (if applicable) unless, with respect to the initial Lease Term unless Term, Tenant has delivered an Interest Extension Notice (as defined in Section 2.2 below) pertaining to Landlord pursuant to Section 31(c) above nor shall Landlord be obligated to deliver the First Offer Notice during the last eight (8) months extension of the initial Lease Term unless Tenant has timely delivered Tenant's Acceptance to Landlord pursuant to Section 31(c) aboveTerm.

Appears in 1 contract

Samples: Office Lease (Axesstel Inc)

AutoNDA by SimpleDocs

Procedure for Offer. Landlord shall notify Tenant (the "First Offer Notice") from time to time when Landlord determines that Landlord shall commence the marketing of any the First Offer Space in the Building because such space shall become or is expected to become available for lease to third parties, where (in each such case) no holder of a Superior Right desires to lease such space. The First Offer Notice shall describe the space so offered to Tenant (the “First Offer Notice Space”) and shall set forth Landlord's ’s proposed economic terms and conditions applicable to Tenant's ’s lease of such space the First Offer Notice Space (collectively, the "“First Offer Economic Terms"). Notwithstanding the foregoing, Landlord's ’s obligation to deliver the First Offer Notice shall not apply during the last nine (9) months of the initial Lease Term unless Tenant has delivered an Interest Extension Notice pertaining to Landlord pursuant to Section 31(c) above nor the extension of the Extended Term. In no event shall Landlord be obligated to deliver the provide a First Offer Notice during the last eight (8) months for space consisting of the initial Lease Term unless Tenant has timely delivered Tenant's Acceptance to Landlord pursuant to Section 31(c) aboveless than 5,000 rentable square feet.

Appears in 1 contract

Samples: Lease (Orexigen Therapeutics, Inc.)

Procedure for Offer. Landlord shall notify Tenant (the "First Offer Notice") ”), with a courtesy copy to CB Xxxxxxx Xxxxx, Inc. (Attn: Xxxx Xxxx), from time to time when Landlord determines that Landlord shall commence the marketing of any First Offer Space because such space shall become available for lease to third parties, where no holder of a Superior Right desires to lease such space. The First Offer Notice shall describe the space so offered to Tenant and shall set forth Landlord's ’s proposed economic terms and conditions applicable to Tenant's ’s lease of such space (collectively, the "Economic Terms"). Notwithstanding the foregoing, Landlord's ’s obligation to deliver the First Offer Notice shall not apply during the last nine (9) months of the initial Lease Extended Term unless Tenant has delivered an Interest Notice to Landlord pursuant to Section 31(c) 8 above nor shall Landlord be obligated to deliver the First Offer Notice during the last eight (8) months of the initial Lease Extended Term unless Tenant has timely delivered Tenant's ’s Acceptance to Landlord pursuant to Section 31(c) 8 above.

Appears in 1 contract

Samples: Standard Office Lease (Investment Technology Group Inc)

Procedure for Offer. Landlord shall notify Tenant (the "First Offer Notice") from time to time when Landlord determines that Landlord shall commence the marketing of any First Offer Space because such space shall become available for lease to third parties, where no holder of a Superior Right desires to lease such space. The First Offer Notice shall describe the space so offered to Tenant and shall set forth Landlord's proposed economic terms and conditions applicable to Tenant's lease of such space (collectively, the "Economic Terms"). Notwithstanding the foregoing, Landlord's obligation to deliver the First Offer Notice shall not apply during the last nine (9) months of the initial Lease Term unless Tenant has delivered an Interest Notice to Landlord pursuant to Section 31(c) above nor shall Landlord be obligated to deliver the First Offer Notice during the last eight (8) months of the initial Lease Term unless Tenant has timely delivered Tenant's Acceptance to Landlord pursuant to Section 31(c) above.

Appears in 1 contract

Samples: Standard Office Lease (Sound Source Interactive Inc /De/)

Procedure for Offer. Landlord shall notify Tenant (the "First Offer Notice") from time to time when Landlord determines that Landlord shall commence the marketing of any the First Offer Space because such space shall become available for lease to third parties, where no holder of a Superior Right desires to lease such space. The First Offer Notice shall describe the space so offered to Tenant and shall set forth Landlord's ’s proposed material economic terms and conditions applicable to Tenant's ’s lease of such space (collectively, the "Economic Terms"), including the proposed term of lease and the proposed rent payable for the First Offer Space. Notwithstanding the foregoing, Landlord's ’s obligation to deliver the First Offer Notice shall not apply during the last nine (9) months of the initial Lease Term unless Tenant has delivered an Interest Notice to Landlord pursuant to Section 31(c) above nor shall Landlord be obligated to deliver the First Offer Notice during the last eight (8) months of the initial Lease Term unless Tenant has timely delivered Tenant's ’s Acceptance to Landlord pursuant to Section 31(c) above.

Appears in 1 contract

Samples: Standard Office Lease (Horizon Pharma, Inc.)

Procedure for Offer. Landlord shall notify Tenant (the "First Offer Notice") from time to time when Landlord determines that Landlord shall commence the marketing of any First Offer Space because such space shall become available for lease to third parties, where no holder of a Superior Right desires to lease such space. The the First Offer Notice shall describe the space so offered to Tenant and shall set forth Landlord's proposed economic terms and conditions applicable to Tenant's lease of such space (collectively, the "Economic Terms"). Notwithstanding the foregoing, Landlord's obligation to deliver the First Offer Notice shall not apply during the last nine (9) months of the initial Lease Term unless Tenant has delivered an Interest Notice to Landlord pursuant to Section 31(c) above nor shall Landlord be obligated to deliver the First Offer Notice during the last eight (8) months of the initial Lease Term unless Tenant has timely delivered Tenant's Acceptance to Landlord pursuant to Section 31(c) above.

Appears in 1 contract

Samples: Master Lease (Inetvisionz Com Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!