Offer Space definition
Offer Space. As defined in Section 1.9(a)(v).
Offer Space where the context so requires, shall refer to the particular portion of the entire Offer Space that is set forth in the applicable Offer Notice from time to time. B. Provided (i) this Lease shall not have been terminated, (ii) Tenant shall not be in monetary or material non-monetary default under the Lease beyond any applicable periods of notice and cure, and (iii) Tenant (which may be another agency, board or department of The City of New York other than ACS, subject to compliance with the terms and conditions of this Lease regarding the use of the Demised Premises) shall physically occupy the entire rentable area of the Demised Premises (as the same shall then be constituted), then if at any time during the Offer Period, if any Offer Space becomes, or Landlord reasonably anticipates that Offer Space will become, Available, Landlord shall give to Tenant notice (an “Offer Notice”) thereof, specifying (A) Landlord’s determination of the Fair Offer Rent for such Offer Space, (B) the date or estimated date that such Offer Space has or shall become Available (the “Anticipated Inclusion Date”) and (C) such other matters as Landlord may deem appropriate for such Offer Notice. “Fair Offer Rent” means the fixed annual rent that a willing lessee would pay and a willing lessor would accept for the applicable Offer Space, each party acting prudently and under no compulsion to lease, and taking into account all relevant factors. C. Provided that on the date that Tenant exercises the Offer Space Option and on the Offer Space Inclusion Date (i) the Lease shall not have been terminated, (ii) Tenant shall not be in monetary or material non-monetary default under the Lease beyond any applicable periods of notice and cure (unless such condition is waived in writing by Landlord), and (iii) Tenant (which may be another agency, board or department of The City of New York other than the ACS, subject to compliance with the terms and conditions of this Lease regarding the use of the Demised Premises) shall physically occupy the entire rentable area of the Demised Premises (as the same shall then be constituted) (unless such condition is waived in writing by Landlord), Tenant shall have the option (the “Offer Space Option”), exercisable by notice (an “Acceptance Notice”) given to Landlord on or before the date that is forty-five (45) days after the giving of the Offer Notice (time of the essence) to include the Offer Space in the Demised Premises. Tenant shall notify Landlord in t...
Offer Space means the leasable space consisting of approximately 15,[***] rentable square feet and referred to as [***]. The term "Available" shall mean that the space in question is either: (1) vacant and free and clear of the tenant in the Offer Space as of the Effective Date, [***] (the “Current Tenant”); or (2) space as to which Landlord has received a proposal, or Landlord is making a proposal, for a lease or rights of any nature applicable in the future when such space would be free and clear of the Current Tenant. The parties acknowledge and agree that Landlord shall be free at any time during the term of the lease with the Current Tenant to enter into an extension or renewal of the term for the Offer Space with the Current Tenant.
Examples of Offer Space in a sentence
Pursuant to such First Offer Notice, Landlord shall offer to lease to Tenant the then available First Offer Space.
The construction of improvements in the First Offer Space shall comply with the terms of Article 8 of this Lease.
The right of first offer granted herein shall terminate as to particular First Offer Space upon the failure by Tenant to exercise its right of first offer with respect to such First Offer Space as offered by Landlord.
Tenant shall commence payment of rent for the First Offer Space and the Lease Term of the First Offer Space shall commence upon the date of delivery of such space to Tenant.
Landlord shall notify Tenant (the “First Offer Notice”) from time to time when Landlord determines that Landlord shall commence the marketing of any First Offer Space because such space shall become available for lease to third parties, where no holder of a Superior Right desires to lease such space.
More Definitions of Offer Space
Offer Space means any space that becomes available on floor 12 of the Building.
Offer Space means space on the first floor of the Building that is contiguous to the Premises. Landlord may from time to time give Tenant a written notice (the “Availability Notice”) identifying the particular Offer Space (the “Specific Offer Space”) that is Available (as defined below). As used herein, “Available” means that the space (i) is not part of the Premises, (ii) is not then subject to a lease, (iii) is not then subject to any rights of tenant to renew their lease or expand their premises as set forth in their lease, and (iv) is not then subject to any negotiations between Landlord and a prospective tenant or an existing tenant.
Offer Space means the unleased space in the Project held for lease by Landlord. For the period starting June 1, 2001 and ending on March 31, 2004 (the "Offer Period"), Tenant will have the right to lease the Offer Space on the following terms and conditions:
Offer Space as used in this Section 45.01 means all of the Demised Premises and all of the PR Newswire Space. Landlord and Tenant confirm that the Offer Space is conclusively deemed to contain 41,178 rentable square feet.
Offer Space means space on the first floor of the Building. Landlord shall from time to time give Tenant a written notice (the “Availability Notice”) identifying the particular Offer Space (the “Specific Offer Space”) that is Available (as defined below) or that Landlord believes will become Available within ninety (90) days. As used herein, “Available” means that the space (i) is not part of the Premises, and (ii) is not then subject to a lease; provided, however, Landlord’s obligations shall not apply if the current tenant thereof has an option to extend that it wishes to (or has the right to) exercise.
Offer Space as used in this Section 45.02 means the PR Newswire Space.
Offer Space means the entirety of the 26th floor of the Building which becomes Available and is not part of the Premises.