Right of First Refusal Space definition

Right of First Refusal Space. (herein so called) before it is leased to any other party, but subject to the current encumbrances as reflected on Schedule 1 to Rider 3.
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Right of First Refusal Space means that certain portion of the second (2nd) floor of the Building currently known as Suite 230 and containing approximately 3,881 rentable square feet of space, as such space is more particularly shown as the shaded space on the attached Exhibit A-1.
Sample 1
Right of First Refusal Space means all or any part of the additional Improvements, if and to the extent such space is improved in whole or in part by the Landlord and becomes available for rent by Landlord.
Sample 1

Examples of Right of First Refusal Space in a sentence

  • Any termination of the Lease shall terminate all rights of Tenant with respect to the Right of First Refusal Space.

  • Possession of the Right of First Refusal Space shall be delivered to Tenant in an “as is” condition.

  • Tenant’s right to lease the Right of First Refusal Space is subject to the pre-existing rights of CBCA.

  • If Landlord does not enter into a lease with such prospective tenant covering the Offered Space upon economic terms which are not materially less favorable to Landlord within 180 days of Tenant’s waiver of its right to lease the Offered Space, Landlord shall not thereafter engage in other lease negotiations with respect to the Right of First Refusal Space without first complying with the provisions of this Rider No. 104.

  • If Landlord enters into negotiations with an existing tenant in the Building or a prospective tenant to lease all or any part of the Right of First Refusal Space (the “Offered Space”), Landlord shall notify Tenant of such fact and shall include in such notice the rent, term, and other terms (including, but not limited to, finish out, moving allowances and design fees) at which Landlord is prepared to offer such Offered Space to such prospective tenant.

  • The Right of First Refusal Allowance shall be applied by Landlord exclusively toward the cost of Right of First Refusal Space Improvements and Design Costs and Moving Costs related to the Right of First Refusal Space.

  • In the event Tenant elects (or is deemed to have elected) not to exercise its right to lease a Right of First Refusal Space as provided above, Landlord may thereafter for a period of six (6) months offer such Right of First Refusal Space to the Prospective Tenant upon substantially the same terms and conditions that it offered such space to Tenant.

  • In the event that Tenant does not notify Landlord in writing of its acceptance of such offer in such seven (7) business day period, then Landlord shall thereafter be able to lease the Right of First Refusal Space or any portion thereof to any third party upon the terms included in the third party offer initially presented to Tenant.

  • If Landlord falls to lease the Right of First Refusal Space or if such space becomes available again during the Initial Lease Term, Tenant’s rights hereunder shall be reinstated.

  • Such Right of First Refusal Space can be added to the original Premises provided such expansion occurs within the initial twelve (12) months of the Lease on the same terms and conditions as the initial Lease except for a pro-rata reduction in the Tenant Improvement Allowance and Tenant will begin paying the same rate per square foot rental at time of expansion.


More Definitions of Right of First Refusal Space

Right of First Refusal Space means up to but not to exceed 25,000 rentable square feet of the Project, which is designated as the "Right of First Refusal Space" on Exhibit H-1 attached to the Lease; provided, however, that if, after complying with the terms hereof, Landlord leases all or a portion of the space described on Exhibit H-1, then the Right of First Refusal Space shall thereafter be the remainder of the space described on Exhibit H-1, if any, plus the then unleased space in the Project, if any, which is adjacent to the Premises or which is adjacent to the remainder of the space described on Exhibit H-1. Under no circumstances shall the Right of First Refusal Space exceed 25,000 rentable square feet, and the parties acknowledge that the Right of First Refusal Space may at any time and from time to time be 0 square feet.
Sample 1
Right of First Refusal Space means the premises designated as "Right of First Refusal Space" on the Rider B attached to the Lease.
Sample 1
Right of First Refusal Space. Exhibit A-2 - "Parking Plan", Exhibit A-3 - "Storage Space", Exhibit B - "Verification Letter", Exhibit C - "Rules and Regulations", Exhibit D - "HVAC Specifications", Exhibit E - "Cleaning Specifications", Exhibit F - "Building Holidays", Exhibit G - "License Agreement for Satellite Dish", Exhibit H - "Form of Letter of Credit", Exhibit I - "Memorandum of Lease", Exhibit J - "Discharge of Memorandum of Lease", Exhibit K - "Subordination, Non-Disturbance and Attornment Agreement", Schedule 1-A - "Landlord's Work", Schedule 1-B - "Work Letter Agreement"; Schedule 1-C - "Improvements to be removed by Tenant at end of Term", and Schedule 1-D - "Electric Plans".
Sample 1

Related to Right of First Refusal Space

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

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

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

  • 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.

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

  • 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.

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

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

  • 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.

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

  • 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;

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

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

  • 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.

  • Existing Transfer Restrictions means Transfer Restrictions existing with respect to any securities by virtue of the fact that Counterparty may be an “affiliate” of the Issuer (as such term is defined in Rule 144 under the Securities Act).

  • Repurchase Option has the meaning set forth in Section 1.3(a) hereto.

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

  • Transfer Restriction means, with respect to any security or other property, any condition to or restriction on the ability of the holder thereof to sell, assign or otherwise transfer such security or other property or to enforce the provisions thereof or of any document related thereto, whether set forth in such security or other property itself or in any document related thereto or arising by operation of law, including, without limitation, such conditions or restrictions arising under federal, state or foreign laws or under any contracts, arrangements or agreements.

  • Transfer Restrictions means restrictions that prohibit the sale, exchange, transfer, assignment, pledge, hypothecation, fractionalization, hedge or other disposal (including through the use of any cash-settled instrument), whether voluntarily or involuntarily by the Grantee, of an Award or any shares of Common Stock, cash or other property delivered in respect of an Award.

  • Public space means any real property or structures thereon that are owned, leased, or controlled by a governmental entity.