FIRST OFFER SPACES Sample Clauses
FIRST OFFER SPACES. This Exhibit C is referenced in Section 8 of that certain Seventh Amendment to Office Lease made and entered into as of the 2nd day of May 2008, by and between CHINA BASIN/SAN FRANCISCO, LLC, a Delaware limited liability company (“Landlord”), and LOOPNET, INC., a California corporation (“Tenant”). /s/ PAA /s/ RJB /s/ TPB /s/ PAA /s/ RJB /s/ TPB /s/ PAA /s/ RJB /s/ TPB
FIRST OFFER SPACES. Tenant shall have the right, but not the obligation, to rent up to two and one-half (2.5) unreserved parking spaces for every 1,000 rentable square feet of First Offer Space leased by Tenant (the “First Offer Spaces”) upon and subject to the terms of the Lease, as amended hereby, provided that, notwithstanding anything in Section 6 of this First Amendment to the contrary, Tenant shall pay to Landlord for such First Offer Spaces the prevailing market rate charged by landlords of Comparable Buildings for comparable parking, plus any applicable taxes. Subject to the foregoing, the First Offer Spaces shall be “Spaces” for purposes of the Lease, as amended hereby.