First Refusal Space definition

First Refusal Space means, as the context may require, any one or more of the following four spaces individually or all four of such spaces collectively: (i) the space of approximately 10,462 square feet commonly known as ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇ and presently occupied by Farmers Insurance: (ii) the space of approximately 6.489 square feet commonly known as ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇ and presently occupied by Gryphon Sciences; (iii) the space of approximately 24,725 presently occupied by ViroLogic, Inc. on the easterly end of the building commonly known as ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇; and (iv) the building commonly known as ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, presently occupied by Cytokinetics, Inc., and containing approximately 50,195 square feet (the “280 East Grand Building”). The four spaces constituting the First Refusal Space are designated as such on the Site Plan.

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First Refusal Space means all space contiguous to the Premises located on the third (3rd) floor of the Building.

First Refusal Space means that certain area containing approximately Ten Thousand (10,000) rentable square feet of contiguous space on the fourteenth (14th) floor of the Building, as demarcated on the floor plan attached hereto and incorporated herein as Exhibit “I” to this Lease. Landlord acknowledges that Tenant may wish to expand the Premises and lease the First Refusal Space. Tenant, however, acknowledges that Landlord must be in a position to lease the First Refusal Space to other tenants. In order to accommodate Tenant’s desires regarding the First Refusal Space and Landlord’s requirement for future leasing of the First Refusal Space, Landlord shall grant to Tenant the right of first refusal (the “Right of First Refusal”) to lease the First Refusal Space in accordance with the terms and conditions contained herein. If at any time during the term of this Agreement the First Refusal Space is, in Landlord’s determination, available for lease, and if Landlord desires to lease the First Refusal Space to a bona fide third party which has submitted an offer to Landlord which Landlord desires to accept, then Landlord shall submit written notice thereof to Tenant. Upon receipt of the aforesaid notice from Landlord, Tenant shall have the right, exercisable at any time within ten (10) days from the date of receipt of such notice, to lease all of said First Refusal Space upon the same terms and conditions as this Lease, including, but not limited to, the prevailing Base Rent rate and adjustments thereto reserved in this Lease, and for a term expiring as of the date of the expiration of this Lease. If Tenant elects to exercise the Right of First Refusal, it shall, prior to the end of said ten (10) day period, deliver written notice of such exercise to Landlord, and the leasing of said First Refusal Space shall commence on the earliest to occur (the “First Refusal Space Commencement Date”) of (A) thirty (30) days after the expiration of such ten (10) day period; or (B) the date on which Tenant commences to occupy all or any portion of the First Refusal Space, and shall be evidenced by a lease amendment agreement executed by Tenant on Landlord’s standard form. Upon the First Refusal Space Commencement Date: (i) the number of Square Feet in the Premises shall be increased by the number of Square Feet in the First Refusal Space, (ii) Tenant’s parking spaces as set forth in Section 2.a. and 2b. below shall increase according to each respective ratio, (iii) Tenant’s pro rata share shall b...

Examples of First Refusal Space in a sentence

• Once all or any portion of the First Refusal Space has been leased by Tenant in accordance with the terms hereof and/or to any other tenant or third party, Tenant's First Refusal Right shall no longer apply to the First Refusal Space (and/or to the applicable portion(s) thereof, as the case may be).

• This Section 29 shall in no event constitute a covenant or guarantee by Landlord that the First Refusal Space, or any portion thereof, will be available for lease by Tenant at any time.

• Subject to and upon the terms hereof, and further subject to any and all Superior Rights (as defined below), as further set forth below, and subject to and upon the terms and conditions of this Section 29, Landlord grants to Tenant the one-time right of first refusal (the “First Refusal Right”) to lease the First Refusal Space (as defined below), at any time during the Term, to the extent that any such space is or becomes available during the Term hereof.

• For clarification, if the Offer Space identified in a Third Party Offer contains contiguous space in addition to the First Refusal Space (or any portion thereof), and Tenant timely accepts such Third Party Offer as provided in this Section 29, then Tenant shall be required to lease all of such Offer Space.

• Tenant acknowledges and agrees that Landlord may make simultaneous offers to lease all or any portion of the First Refusal Space to Tenant and to any tenant, occupant, or other third party holding Superior Rights, and thus, if the tenant, occupant, or other third party holding such Superior Rights elects to accept such offer from Landlord, then Landlord will not be bound by Landlord’s offer to Tenant.

More Definitions of First Refusal Space

First Refusal Space is defined in Exhibit G hereto.

First Refusal Space means 6,787 rentable square feet of space on the 3rd floor of the Building as shown on Exhibit D attached hereto that is the subject of a Third Party Offer, as defined below.

First Refusal Space means any vacant space in the Building that is the subject of a Third Party Offer, as defined below. The First Refusal Space will not include Option Space 1 or Option Space 2 until after the First Option Notice and the Second Option Notice, respectively, are due and not given. The First Refusal Space will also include Option Space 3, but will not include any space in the Building that is utilized as part of the existing or any future Building amenities (i.e., Conference Center, café, restaurant, fitness facility, etc.).

First Refusal Space means any space in the low-rise portion of the Building (i.e., Floors 1-9).

First Refusal Space means all of the shell area on the ground floor of the Building for which Landlord receives a Good Faith Offer (defined below) which space includes all or any portion of the Expansion Space.

First Refusal Space means the remainder of the space on the sixth (6th) floor of the Building that does not constitute the original Premises, First Expansion Space or Second Expansion Space.

First Refusal Space means any space which is available to be leased in the Building.