Right of First Offer Space definition

Right of First Offer Space means (a) any space on the first (1st) floor of the Building (other than the Premises) and/or (b) any space on the second (2nd) floor of the Building and/or (c) that certain portion of the third (3rd) floor of the Building that Tenant is currently subleasing from MDXHealth, Inc. Notwithstanding any provision of the Lease to the contrary, Tenant shall have no rights with respect to the Right of First Offer Space or any other rights of first offer or refusal, or first right to negotiate, or any other expansion rights whatsoever, except as expressly provided in this Paragraph 9.
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Right of First Offer Space means any space in the Building (other than the Premises) which becomes available for lease by third parties with respect to which Landlord receives during the initial Term an Offer (hereinafter defined) to lease such space. Notwithstanding any provision of the Lease to the contrary Tenant shall have no rights with respect to the Right of First Offer Space or any other rights of first offer or refusal, or first right to negotiate, or any other expansion rights whatsoever, except as expressly provided in this Section 23. Landlord represents and warrants to Tenant that, other than the renewal rights of France Telecom USA set forth in its lease with Landlord, no other tenant in the Building possesses any renewal rights, rights of first offer or refusal or other expansion rights with respect to the portion of the Right of First Offer Space which is located on the sixth (6th) floor of the Building.
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Right of First Offer Space means the portion, if any, of the First Floor Space (hereinafter defined) and/or the Fourth Floor Space (hereinafter defined) which Landlord determines is available for lease by Tenant during the Extension Term and with respect to which Landlord receives an Offer (hereinafter defined) to lease all or any portion of such space. As used herein (1) the term “First Floor Space” means the space located on the first (1st) floor of the Building which is designated as “First Floor Space” on Exhibit A attached hereto, and (2) the term “Fourth Floor Space” means the space located on the fourth (4th) floor of the Building which is designated as “Fourth Floor Space” on Exhibit A-1 attached hereto. Notwithstanding any provision of the Lease to the contrary, Tenant shall have no rights with respect to the Right of First Offer Space or any other rights of first offer or refusal, or first right to negotiate, or any other expansion rights whatsoever, except as expressly provided in this Paragraph 9.
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Examples of Right of First Offer Space in a sentence

  • Lessor shall also specify the amount, if any, of any tenant improvement allowance that Lessor is offering for the Right of First Offer Space, or for any portion thereof, and the portion of the Right of First Offer Space, if any, that is offered for lease “as is,” without any tenant improvement allowance.

  • Lessee shall have five (5) business days after receipt of the First Offer within which to give written notice to Lessor of Lessee’s acceptance of Lessor’s First Offer with respect to any or all of the Right of First Offer Space, time being of the essence.

  • Failure of Lessee to deliver such written acceptance within said period of five (5) business days shall be deemed a rejection of the First Offer with respect to all of the Right of First Offer Space.

  • Tenant shall have five (5) business days after receipt of Landlord’s Offer Notice for Building II within which to give Landlord notice of its election to exercise its Right of First Offer for Building II as to the Right of First Offer Space for Building II (“Tenant Offer Notice for Building II”).

  • Unless expressly waived by Landlord, Tenant’s Right of First Offer for Building III is conditioned upon Tenant not being in default under the Lease at the time of the exercise of the Right of First Offer for Building III or on the date the Tenant’s occupancy of the Right of First Offer Space for Building III is scheduled to commence.

  • At such time as Landlord desires to lease all or any portion of Building II (“Right of First Offer Space for Building II”), Landlord shall give written notice thereof to Tenant specifying the terms and provisions upon which Landlord would offer to lease the Right of First Offer Space for Building II to third parties (“Landlord’s Offer Notice for Building II”).

  • The Right of First Offer is subject to any rights of other tenants in the Building in respect of the Right of First Offer Space and further subject to the right of Landlord to enter into extensions or renewals of leases in effect with any tenant on such floor following the expiration of its lease (whether or not an express renewal option is afforded to such tenant under the terms of its lease).

  • Tenant shall have five (5) business days after receipt of Landlord’s Offer Notice for Building III within which to give Landlord notice of its election to exercise its Right of First Offer for Building III as to the Right of First Offer Space for Building III (“Tenant’s Offer Notice for Building III”).

  • Unless expressly waived by Landlord, Tenant’s Right of First Offer for Building II is conditioned upon Tenant not being in default under the Lease at the time of the exercise of the Right of First Offer for Building II or on the date the Tenant’s occupancy of the Right of First Offer Space for Building II is scheduled to commence.

  • The Minimum Annual Rent for the Right of First Offer Space shall be equal to the rate which is then being quoted by Landlord to prospective new tenants for the Right of First Offer Space, provided, however, that in no event shall Tenant's Minimum Annual Rent per square foot for the Right of First Offer Space be less than the highest Minimum Annual Rent per square foot payable during the original Lease Term for the original Leased Premises.


More Definitions of Right of First Offer Space

Right of First Offer Space means any space on the fourteenth (14th), eighteenth (18th), nineteenth (19th) or twentieth (20th) floors of the Building which becomes available for lease by third parties, subject to the terms of this Section 31. Notwithstanding any provision of the Lease to the contrary, Tenant shall have no rights with respect to the Right of First Offer Space or any other rights of first offer or refusal, or first right to negotiate, or any other expansion rights whatsoever, except as expressly provided in this Section 31.
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Right of First Offer Space shall have the meaning set forth in Section 39.
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Related to Right of First Offer Space

  • Right of First Offer shall have the meaning set forth in Section 13.1 hereof.

  • Right of First Refusal means the Company’s right of first refusal described in Section 8.

  • Right of First Refusal Agreement means the Second Amended and Restated Right of First Refusal and Co-Sale Agreement of even date herewith by and among the Company, the Investors and certain other parties named therein.

  • Right of First Refusal and Co-Sale Agreement means the agreement among the Company, the Purchasers, and certain other stockholders of the Company, dated as of the date of the Initial Closing, in the form of Exhibit G attached to this Agreement.

  • First Offer has the meaning set forth in Section 3.9(e)(1) or Section 11.1(b)(i), as applicable.

  • First Refusal Right means the right granted to the Corporation in accordance with Article E.

  • First Offer Notice shall have the meaning set forth in Section 14.4(a).

  • ROFR means a right of first refusal to purchase or a right of first offer to purchase one or more of the Mortgaged Properties pursuant to a recorded instrument (or a memorandum thereof) encumbering the applicable Mortgaged Property.

  • First Offer Period has the meaning set forth in Section 13.5.

  • Renewal Option has the meaning set forth in §12.1.

  • Second Extension Option shall have the meaning set forth in Section 2.2.1(b) hereof.

  • ROFO Notice is defined in Section 6.2(a).

  • Right of Co-Sale means the right, but not an obligation, of an Investor to participate in a Proposed Key Holder Transfer on the terms and conditions specified in the Proposed Transfer Notice.

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • right of use means any right we have to use, in our own name and on our own account or the account of another counterparty, financial instruments received by us by way of collateral under a security collateral arrangement between you and us;

  • Offer Notice shall have the meaning set forth in Section 4.1.

  • Right of Repurchase means the Company’s right of repurchase described in Section 7.

  • Available Space means the balance of the rentable square footage in the Building not already included as part of the Premises, which is not occupied by a tenant or which is occupied by an existing tenant whose lease is expiring within 6 months or less and such tenant does not wish to renew (whether or not such tenant has a right to renew) its occupancy of such space. If there is any Available Space in the Building, Landlord shall, at such time as Landlord shall elect so long as Tenant’s rights hereunder are preserved, deliver to Tenant written notice (the “Expansion Notice”) of such Available Space, together with the terms and conditions on which Landlord is prepared to lease Tenant such Available Space; provided that Base Rent shall be at the Market Rate (as defined in Section 40(a) below) for such Available Space. Tenant shall be entitled to exercise its right under this Section 39(a) only with respect to the entire Available Space described in such Expansion Notice (“Identified Available Space”). Tenant shall have 5 business days following delivery of the Expansion Notice to deliver to Landlord written notification of Tenant’s exercise of the Expansion Right with respect to the Identified Available Space (“Exercise Notice”). Tenant shall be entitled to lease such Identified Available Space upon the terms and conditions set forth in the Expansion Notice. If Landlord and Tenant are unable to agree on the Market Rate for the Available Space after negotiating in good faith within 5 days after Tenant’s delivery of an Exercise Notice, the applicable Market Rate will be determined through arbitration in accordance with Section 40(b). Tenant acknowledges and agrees that, if Tenant has delivered an Exercise Notice pursuant to this Section 39(a), Tenant shall have no right thereafter to rescind or elect not to lease the Available Space. Tenant acknowledges that the Term of the Lease with respect to the Identified Available Space may not be co-terminous with the Term of the Lease with respect to the original Premises. Notwithstanding anything to the contrary contained herein, Tenant shall have no right to exercise the Expansion Right and the provisions of this Section 39(a) shall no longer apply after the date that is 9 months prior to the expiration of the Base Term if Tenant has not exercised its Extension Right pursuant to Section 40. If Tenant fails to deliver an Exercise Notice to Landlord for the Identified Available Space within the required 5 business day period, Tenant shall be deemed to have forever waived its rights under this Section 39(a) to lease the Identified Available Space, and Landlord shall have the right to lease the Identified Available Space to any third party on any terms and conditions acceptable to Landlord.

  • Secondary Refusal Right means the right, but not an obligation, of each Investor to purchase up to its pro rata portion (based upon the total number of shares of Capital Stock then held by all Investors) of any Transfer Stock not purchased pursuant to the Right of First Refusal, on the terms and conditions specified in the Proposed Transfer Notice.

  • Option to Extend has the meaning given that term in Section 2.13.

  • right of access means the right to be admitted to invest in the territory of the other Contracting Party, subject to the limits resulting from international agreements binding on both Contracting Parties.

  • Purchase Option Notice As defined in Section 3.18(e).

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • ROFR Notice has the meaning set forth in Section 3.02(d).