Common use of Tenant’s Right of First Refusal Clause in Contracts

Tenant’s Right of First Refusal. If Landlord desires to Transfer the Fee Estate at any time prior to (x) the Scheduled Expiration Date or sooner termination of this Lease or (y) to the extent permissible under applicable Laws to grant a ROFR for this period, the date that is the first (1st) anniversary of the Scheduled Expiration Date or sooner termination of this Lease, and provided that no Event of Default then exist and Tenant is not then in material breach beyond any applicable cure period of the APA, then Landlord shall first offer (the “Landlord’s Offer”) to Transfer the Fee Estate to Tenant (or a purchaser Tenant procures) (“Tenant’s ROFR”) before offering it to any other Person, all as follows:

Tenant’s Right of First Refusal. If Landlord desires to Transfer the Fee Estate at any time prior to (x) the Scheduled Expiration Date or sooner termination of this Lease or (y) to the extent permissible under applicable Laws to grant a ROFR for this period, the date that is the first (1st) anniversary of the Scheduled Expiration Date or sooner termination of this Lease, and provided that no Event of Default then exist exists and Tenant is not then in material breach beyond any applicable cure period of the APA, then Landlord shall first offer (the “Landlord’s Offer”) to Transfer the Fee Estate to Tenant (or a purchaser Tenant procures) (“Tenant’s ROFR”) before offering it to any other Person, all as follows:

Tenant’s Right of First Refusal. ‌ . If Landlord desires to Transfer the Fee Estate at any time prior to (x) the Scheduled Expiration Date or sooner termination of this Lease or (y) to the extent permissible under applicable Laws to grant a ROFR for this period, the date that is the first (1st) anniversary of the Scheduled Expiration Date or sooner termination of this Lease, and provided that no Event of Default then exist and Tenant is not then in material breach beyond any applicable cure period of the APA, then Landlord shall first offer (the “Landlord’s Offer”) to Transfer the Fee Estate to Tenant (or a purchaser Tenant procures) (“Tenant’s ROFR”) before offering it to any other Person, all as follows: