Right of First Refusal to Lease. Subject to the provisions of this Section 22.1, from and after the Rent Commencement Date, and provided that as of the date of the Refusal Notice (hereinafter defined) (i) there are at least three (3) years left in the Lease Term (or if any extension options remain, Tenant is willing to (and does) issue an irrevocable early exercise of its option to extend under Section 2.2 hereof within ten (10) days of Tenant’s receipt of the Refusal Notice (in which event the process for determining Base Rent during such Extension Term shall be timed to occur as if Tenant delivered its notice of extension 12 months before the end of the then-current term)), (ii) there has been no Event of Default hereunder, and (iii) Tenant (or an Affiliate pursuant to a Transfer permitted by this Lease) leases not less than one hundred percent (100%) of the Premises, Tenant shall have a right of first refusal to lease all or any portion of the rentable areas of the Building (the “ROFR Space”). Tenant’s right of first refusal under this Section 22.1 is further subject to all currently-existing extension rights and/or expansion rights of tenants of the Project, if any. If Landlord receives a written offer or letter of intent from a prospective tenant of any of the ROFR Space (such space, the “Refusal Space”) which Landlord desires to accept (an “Offer”), Landlord shall give to Tenant notice of the material terms of such Offer (a “Refusal Notice”). Tenant shall have the right to lease the Refusal Space on the terms and conditions set forth in the Offer, which right Tenant may exercise by giving written notice to Landlord within five (5) business days of receiving a Refusal Notice from Landlord. If Tenant fails to exercise such right in a proper and timely manner, Landlord shall be free to lease the Refusal Space to such prospective tenant on whatever terms and conditions Landlord may decide in its sole discretion, provided that such terms are not less than ninety percent (90%) of the net effective rent (hereinafter defined) set forth in the Refusal Notice. As used herein, the term “net effective rent” shall mean the net present value of the rent, additional rent, and other charges that would be payable to Landlord under the terms set forth in the Refusal Notice, taking into account any construction allowance, the cost of any leasehold improvements proposed to be performed by Landlord, any free rent, and any other monetary inducements payable by Landlord under such proposed lease. If Landl...
Right of First Refusal to Lease. If within one hundred eighty (180) days prior to the conclusion of this Lease and all options to extend the term thereof, LANDLORD shall desire to accept a bona fide offer received by it to lease any part of the Premises, LANDLORD shall notify TENANT of such a desire in the manner provided in this Lease for the giving of notice, and TENANT shall have the right of first refusal to lease said premises exercisable within ten (10) days of said written notice upon the terms contained in the notice. This provision shall only be effective after the termination, expiration or conclusion of the original lease term and all options to extend the Lease, and shall not affect the premises during the term of this Lease or any option to extend the term thereof.
Right of First Refusal to Lease. 16 14.2 Right of First Refusal to Purchase 16 ARTICLE XV - Holdover
Right of First Refusal to Lease. The Lessee's right of first refusal shall be changed to be the remaining 5,314 square feet of space on the second floor of the building. Additional Provision - The Lessor, at its expense, shall perform its fit-up work which shall include the construction of the demising wall, the construction of a hallway and entry door to the common electrical room, the replacement of all damaged ceiling tiles, shampooing the common area carpet, cleaning of bathrooms, cleaning or relamping the light fixtures and the removal of the soda vending machine. Lessor shall also patch and paint the leased premises and the Lessee shall be responsible for 50% of the cost, which is estimated to be $1,200.00. Except as hereinabove amended, all of the provisions of the above mentioned Lease shall remain in full force and effect.
Right of First Refusal to Lease. With the exception of lease renewals by existing tenants, the Lessee is hereby granted, by the Lessor, a one–time right of first refusal to lease the approximately 43,890 square feet of space immediately adjacent to the west side
Right of First Refusal to Lease. Lessee shall have the right of first refusal to lease additional space in the Leased Premises and Lessor shall offer such space to the Lessee using similar provisions to those outlined above in 21. 1. No commission shall be, paid to any agent for this first right to lease.
Right of First Refusal to Lease. Subject to the terms and conditions of this Section 5, Tenant shall have, during the Lease Term (including any Extension Terms), a right of first refusal to lease the third (3rd) and fourth (4th) floors of the Xxxxxx Building (the “First Refusal Space”).
Right of First Refusal to Lease. Provided Tenant is not in default under this Lease beyond applicable notice and cure periods, if at any time during the Lease Term (including any Extended Term) any lease for any portion of the Building (the “Offered Space”) shall expire and if Landlord intends to enter into or renew (unless the tenant whose lease is expiring has renewal rights in its existing initial lease) a lease (the “Proposed Lease”) for such Offered Space with anyone (a “Proposed Tenant”), including those instances where Tenant has not exercised its Rights of First Offer under Article 48, Landlord shall first offer to Tenant the right to lease the Offered Space within the Building upon all the terms and conditions of the Proposed Lease (“Right of First Refusal”), subject to the following terms and conditions:
Right of First Refusal to Lease. The Lessee's right of first refusal shall be changed to be the remaining 4,504 square feet of space on the second floor of the building. Additional Provision - The Lessor, at it's expense, shall perform it's fit up work which shall include the construction of the relocated demising wall, the construction of the relocated hallway to back stairway, the replacement of all damaged ceiling tiles and the cleaning or relamping the light fixtures. Except as hereinabove amended, all of the provisions of the above mentioned Lease and Supplemental Agreements shall remain in full force and effect.
Right of First Refusal to Lease. (a) Provided that at the time Landlord would otherwise be obligated to deliver a ROFR Notice (as hereinafter defined), Tenant is Aruba Networks Inc. (or a Permitted Transferee) and is then leasing the entire five (5) floors of the Leased Premises and has not received written notice from Landlord informing Tenant that it is in monetary or material non-monetary default under this Lease which is then currently uncured, then after receiving or negotiating an Acceptable Proposal (as defined below) for any portion (the “Identified ROFR Space”) of the sixth (6th) floor of the Building, Landlord shall deliver a written notice (the “ROFR Notice”) to Tenant and the terms of the Acceptable Proposal. Anything in this Lease to the contrary notwithstanding, Tenant shall not have the right to deliver Tenant’s Election Notice (as hereinafter defined) during any period that Tenant is in a monetary or material non-monetary default under any of the terms, covenants or conditions of this Lease with respect to which it has received a written notice from Landlord if such default remains uncured, and the time periods provided for herein shall not be tolled or extended during Tenant’s cure thereof. Building D
