Right of First Refusal to Lease Additional Space. For the purposes of this Lease, the 14,600 square feet of additional floor space within the Warehouse located adjacent to the Leased Premises shall be referred to herein as the "ADJACENT Space". In the event, during the Term of this Lease, LESSOR shall receive a bona fide offer from a third party, acceptable to LESSOR (which may be in the form of a lease or letter of intent to be signed), to lease space within the Warehouse which includes the Adjacent Space (herein the "FIRST REFUSAL SPACE"), LESSOR shall submit a written notice thereof to LESSEE. Upon receipt of said notice, LESSEE shall have the right (the "RIGHT OF FIRST REFUSAL), exercisable at any time within ten (10) business days from and after the date of LESSEE'S receipt of such notice (herein the "EXERCISE PERIOD"), to lease the First Refusal Space upon the same terms and conditions offered by the third party; provided, however, (a) the term of the lease for the First Refusal Space shall be the same as the remaining term of this Lease; and (b) if the term of the offer to lease the First Refusal Space extends beyond the end of the then current term of this Lease and there remains an unexercised option to extend this Lease, LESSEE must exercise such option at the time it elects to exercise its right of first refusal. In order to exercise LESSEE'S Right of First Refusal, LESSEE must give LESSOR written notice thereof on or before the last day of the Exercise Period.
Right of First Refusal to Lease Additional Space. Lessor grants to Lessee a fifteen (15) day right of first refusal to lease additional space in the buildings adjacent to the Premises owned by Lessor or its affiliates located in Venice, California. This right of first refusal to lease additional space is not applicable to any renewals or additional space taken by any existing tenants occupying space in said adjacent buildings.
Right of First Refusal to Lease Additional Space. 41.1 If at any time during the term of this Lease Landlord determines to lease all or any part of the other space in the Project, Landlord shall give written notice to Tenant (“Right of First Refusal Notice”) of the economic terms and conditions on which Landlord would be willing to lease all or any part of such space. If Tenant, within fifteen (15) days after receipt of Landlord’s Right of First Refusal Notice, agrees in writing to lease all or any part of such space on the terms and conditions stated in the notice, Landlord shall lease the space to Tenant on the economic terms and conditions stated in the notice.
Right of First Refusal to Lease Additional Space. In the event Landlord receives a bona fide offer from a third party to lease additional space located on the Property (the "Lease Offer") which Lease Offer Landlord desires to accept, Landlord shall give Tenant written notice of the Lease Offer, including a description of the terms and conditions contained therein, and Tenant shall have the first right to lease the additional space upon the same terms and conditions as set forth in the Lease Offer. Tenant's election must be made by delivery of written notice to Landlord within three (3) business days after receipt of notice of the Lease Offer from Landlord, and upon such exercise, Landlord and Tenant shall have an additional ten (10) days in which to enter into a binding lease agreement upon the terms set forth in the Lease Offer and otherwise acceptable to Landlord and Tenant. In the event Tenant rejects the Lease Offer, fails to accept the Lease Offer within the three (3) day period, or the lease agreement is not entered into between Landlord and Tenant within the said ten (10) day period, Landlord shall have the right to lease the additional space pursuant to the Lease Offer, and upon such leasing, the Tenant's first right to lease offered additional space as provided herein shall expire.
Right of First Refusal to Lease Additional Space. 40.1 If at any time during the term of this Lease Landlord determines to lease all or any part of the balance of the space in Building One (approximately 10,080 square feet of Rentable Area), Landlord shall give written notice to Tenant ("Right of First Refusal Notice") of the economic terms and conditions on which Landlord would be willing to lease all or any part of the balance of the space. If Tenant, within fifteen (15) days after receipt of Landlord's Right of First Refusal Notice, agrees in writing to lease all or any part of the balance of the space in Building One on the terms and conditions stated in the notice, Landlord shall lease the space to Tenant on the economic terms and conditions stated in the notice.
Right of First Refusal to Lease Additional Space. On December 31, 1996 ------------------------------------------------- the provision titled "Right of First Refusal to Lease Additional Space" known as Exhibit "F" in the "Original "Lease" dated December 4, 1991 expired, but was reinstated in Paragraph 4 of the "First Amendment of Lease" dated February 17, 1997. This reinstated option expires February 28, 2002. By execution of this "Third Amendment of Lease" by Landlord and Tenant, this option as originally stated in Exhibit "F" of the "Original Lease" and then reinstated in Paragraph 4 of the "First Amendment of Lease," shall be deleted and replaced with the Right of First Refusal to Lease Additional Space as contained in the attached "Exhibit C" of this "Third Amendment of Lease".
Right of First Refusal to Lease Additional Space. During the term of the Lease, Tenant 11 have a right of first refusal ("Right of First Refusal") to lease the remaining rentable area within the Project as portions of it become available from time to time (each such portion being referred to herein as an "Additional Space"), on the same terms and conditions of this Lease. If Landlord receives an offer to lease the Additional Space from a third party which Landlord desires to accept, Landlord shall present the same, in writing, to Tenant, and Tenant shall thereafter have thirty (30) business days in which to accept or reject that offer by notice to Landlord. The Right of First Refusal shall apply only with respect to the entire Additional Space subject of the third-party offer, and may not be exercised with respect to only a portion thereof. If Tenant rejects that offer or fails to accept the same in writing within that time, then Landlord shall be free to lease the Additional Space to the third party on substantially similar terms and conditions to those offered to Tenant in the foregoing manner.
Right of First Refusal to Lease Additional Space. Tenant shall have a right of first refusal to lease additional space in the Building (“Right of First Refusal”) upon the following terms and conditions:
Right of First Refusal to Lease Additional Space. A. Lessor hereby grants to Lessee a right of first refusal (the "Right of First Refusal") to lease any space which becomes available in either of the buildings located at 75 and 000 Xxxxxxxx Xxxx, Xxx Xxxxxx, Xxxxxxxxxx (the "Adjacent Space"). If Lessor proposes to lease, or grant a right of possession in, the Adjacent Space, or any portion thereof, to a third party, Lessor may do so only after first offering to lease the Adjacent space, or such portion thereof as Lessor proposes to lease to the third party, (the "Offered Adjacent Space") to Lessee o the terms and conditions set forth in this paragraph.
Right of First Refusal to Lease Additional Space. 41.1 If at any time during the term of this Lease Landlord determines to lease any space on the first floor of the Building contiguous to the Premises (as the “Premises” may expand during the term of the Lease pursuant to this Section 41), Landlord shall give written notice to Tenant (“Right of First Refusal Notice”) of the economic terms and conditions on which Landlord would be willing to lease all or any part of the balance of the space. If Tenant, within five (5) days after receipt of Landlord’s Right of First Refusal Notice, agrees in writing to lease all (but no less than all) of the space described in the notice on the terms and conditions stated in the notice, Landlord shall lease the space to Tenant on the economic terms and conditions stated in the notice.
