Common use of Offer Right Clause in Contracts

Offer Right. If Subtenant fails to exercise its First Offer Right within such 5-business day period, then the First Offer Right shall terminate as to the ReOffer Notice in question, and Sublandlord shall be flee to sublease, or assign that space to anyone on any terms at any time thereafter, subject to the rights of the Master Landlord under the Master Lease, without any obligation to provide Subtenant with a further right to sublease that space, except that if Sublandlord does not (a) enter into a letter of intent to sublease the Subject Space within one hundred twenty (120) days after expiration of such 5-business day period and thereafter (b) enter into a signed sublease for the Subject Space within one hundred eighty (180) days after expiration of such 5-business day period, the First Offer Right shall again be applicable (subject, again, however, to the provisions of this subsection (b)(ii) and (iii)).

Offer Right. If Subtenant fails to exercise its First Offer Right within such 5-business day period, then the First Offer Right shall terminate as to the ReOffer Notice in question, and Sublandlord shall be flee free to sublease, or assign the Master Lease with respect to, that space to anyone on any terms at any time thereafter, subject to the rights of the Master Landlord under the Master Lease, without any obligation to provide Subtenant with a further right to sublease that space, except that if Sublandlord does not (a) enter into a letter of intent to sublease the Subject Space within one hundred twenty (120) days after expiration of such 5-5- business day period and thereafter (b) enter into a signed sublease for the Subject Space within one hundred eighty eighty, (180) days after expiration of such 5-5- business day period, the First Offer Right shall again be applicable (subject, again, however, to the provisions of this subsection (b)(iie)(ii) (A), (B) and (iiiC)).