Examples of RFO Exercise Notice in a sentence
If Tenant timely and properly provides an RFO Exercise Notice, Tenant shall lease the RFO Premises and the Fair Market Rental Value shall be as set forth in Landlord’s RFO Notice.
Notwithstanding the foregoing if the RFO Premises that were the subject of Landlord’s RFO Notice shall not be leased (which term shall include a letter of intent that results in a lease) by the date that is one (1) year after the deadline for Tenant to have given a RFO Exercise Notice or Tenant’s Objection Notice with respect to such Landlord’s RFO Notice, then Tenant’s Right of First Offer hereunder shall again apply to such RFO Premises.
If Tenant does not timely and properly provide either an RFO Exercise Notice or Tenant’s Objection Notice, time being of the essence, then Tenant shall have no further right to lease all or any portion of the RFO Premises that were the subject of Landlord’s RFO Notice, but shall continue to have rights other RFO Premises, if any, which have not yet been offered to Tenant pursuant to this Section 29.17.
If Tenant has exercised the 201 Brookline RFO Right then Landlord shall have the right upon notice delivered to Tenant within [***] of Tenant’s delivery of Tenant’s 201 Brookline RFO Exercise Notice, to terminate the Term of the Lease only with respect to the Surrender Space, which termination shall be effective as of the date (the “Effective Recapture Date”), which is the delivery of the 201 Brookline RFO Premises to Tenant or, at Tenant’s election, [***] after the 201 Brookline RFO Commencement Date.
If Tenant does not timely and properly provide either an RFO Exercise Notice or Tenant’s Objection Notice, time being of the essence, then Tenant shall have no further right to lease all or any portion of the RFO Premises that were the subject of Landlord’s RFO Notice, but shall continue to have rights to all other RFO Premises, if any, which have not yet been offered to Tenant pursuant to this Section 30.17.
If Landlord delivers Landlord’s Notice and Tenant fails to timely give Tenant’s RFO Exercise Notice, Tenant shall nonetheless have the following right.
Tenant may only request a Broker Determination of the Prevailing Market Rent at the time that Tenant unconditionally gives Xxxxxx’s RFO Exercise Notice with respect to such portion of the RFO Space.
If Tenant timely gives Tenant’s RFO Exercise Notice, whether prior to its receipt of Landlord’s RFO Notice, or within thirty (30) days after Tenant’s receipt of Landlord’s RFO Notice, then Tenant shall lease the entirety of the RFO Premises on the terms and conditions hereinafter set forth.
If Tenant timely and properly gives Landlord Tenant’s RFO Exercise Notice, then Landlord shall lease to Tenant and Tenant shall hire and take from Landlord, such RFO Premises, upon all of the same terms and conditions of the Lease except as hereinafter set forth.
At any time following Tenant’s failure to timely give Tenant’s RFO Exercise Notice, Tenant may send Landlord notice (“Inquiry Notice”) as to the status of Landlord’s leasing of the RFO Premises.