Lease Proposal definition
Examples of Lease Proposal in a sentence
Tenant shall have the right to a lease of the RFR Space upon such Third-Party Economics as were contained in the Lease Proposal in the same proportion as the number of months remaining in the Term (including the term of any extension option then having been exercised) bears to the number of months in the lease term contained in the RFR Summary.
If Landlord fails to disapprove the Lease Proposal within such period, the Lease Proposal shall be deemed approved.
Landlord shall have twenty (20) days after receipt to approve or disapprove such Lease Proposal.
If Tenant exercises its right of first refusal, Landlord shall make the RFR Space available for purposes of construction of improvements within ninety (90) days following Tenant’s exercise of this right of first refusal (the “RFR Space Delivery Date”); the lease shall commence as provided herein and shall expire after the length of the term specified in the Lease Proposal.
The provisions (if any) of the Lease Proposal relating to construction of the Premises and delay in availability of the Premises for occupancy by the Tenant shall remain in effect and shall not merge upon the execution of this Lease.
As of the commencement of the First Refusal Space term, Landlord shall deliver to Tenant possession of the First Refusal Space in its then existing condition and state of repair, “AS IS”, without any obligation of Landlord to remodel, improve or alter the First Refusal Space, to perform any other construction or work of improvement upon the First Refusal Space, or to provide Tenant with any construction or refurbishment allowance, except as otherwise set forth in the Lease Proposal.
This Lease and the Schedules and riders, if any, attached hereto and the Lease Proposal, if any, and the Landlord's leasehold improvement manual, set forth the entire agreement between the Landlord and Tenant concerning the Premises and there are no agreements or understandings between them other than as are herein set forth.
In the event of any inconsistency between the provisions of this Lease and the provisions of the Lease Proposal, the provisions of this Lease shall prevail.
Lease Proposal, the written Lease Agreement, the annexes to the Lease Agreement, an addendum to the Lease Agreement and/or the General Rental Conditions, shall apply only if expressly agreed to in writing.
Upon receipt by Landlord of a Lease Proposal that is acceptable to Landlord, Landlord shall give Tenant written notice (the “First Refusal Notice”) that the First Refusal Space will or has become available for lease by Tenant as provided above (as such availability is determined by Landlord) pursuant to the terms of Tenant’s First Refusal Right, as set forth in this Addendum.