RIGHT OF FIRST OFFERING. SECTION 29.1. In the event that Rentable Area (the "Expansion Space") from time to time becomes available anywhere in the Building during the period commencing on the date hereof until the end of the Term, and provided this Lease is in full force and effect, Tenant shall have the option (the "Expansion Option") to lease such Expansion Space on the terms and conditions hereinafter set forth. Landlord shall send notice in writing (the "Expansion Notice") to Tenant specifying the location and configuration of such Expansion Space and the date on which the Expansion Space is scheduled to become available for occupancy, provided, that in no event shall Landlord send an Expansion Notice to Tenant more than twelve (12) months prior to the time at which the space which is the subject of such Expansion Notice is scheduled to become available for occupancy. Each Expansion Option shall be exercisable by Tenant giving written notice of the exercise of the particular Expansion Option within thirty (30) days after Landlord sends the applicable Expansion Notice. Tenant shall lease the Expansion Span on the same terms and conditions as the Premises except that (a) the Base Rent payable pursuant to Article 4 of this Lease shall be the Fair Market Value Rate, determined as of the date of the exercise of such option by Tenant, of such Expansion Space multiplied by the Rentable Area of the Expansion Space, and (b) the Operating Costs Factor applicable to the Expansion Space shall be the quotient derived by dividing the Annual Operating Costs for the calendar year in which the term of the lease of such Expansion Space commences by the Rentable Area of the Building, provided however, that with respect to Expansion Space offered to Tenant hereunder which has not been previously leased to any tenant ("Initial Lease-Up Expansion Space"), the determination of the Fair Market Value Rate shall take into consideration the then-existing state of such Initial Lease-Up Expansion Space, including the existence or non-existence of any leasehold improvements therein, and the absence of any cash allowance for any such work payable to Tenant by Landlord. In the event that Tenant does not exercise any such Expansion Option within the time period required by this Section 29.1, Landlord shall be free to lease the Expansion Space that was the subject of such Expansion Option to any other party on such terms and conditions that Landlord determines in Landlord's sole discretion, but Tenant's option...
RIGHT OF FIRST OFFERING. 44.1. For purposes of this Lease, the term "
RIGHT OF FIRST OFFERING. After the Lockout Period, in case any Original Shareholder wishes to Transfer to a third party part or all of his shares, such Original Shareholder must offer them to Xxxxxx, by sending a notice to Xxxxxx (“Notice of Transfer”), specifying the (i) total amount of Shares of its ownership it intends to Transfer (“First Offering Shares”), as well as (ii) the unit and total price of the First Offer Shares, as well as all other additional terms and/or conditions of the Transfer (“Right of first offering”).
RIGHT OF FIRST OFFERING. Article 47
RIGHT OF FIRST OFFERING. (a) Provided that the Lessee is not in default under the term of this Lease Agreement and has not assigned or sublet all or any portion of the Leased Premises, excepting the sublease previously approved herein for Grafx, Lessor hereby grants to Lessee the right to lease approximately 10,000 square feet in the Building adjacent to the Leased Premises in accordance with the terms and conditions set forth in this section.
RIGHT OF FIRST OFFERING. If any space on the eleventh floor of the Building contiguous to the Premises shall become available for reletting at any time during the Lease Term, and
RIGHT OF FIRST OFFERING. Subject to existing Tenant's rights, Assignee shall have a continuing right of first offering to lease (at Assignee's option) all adjacent space on the sixth floor of the Building when such space becomes available for lease. Landlord shall provide written notice prior to offering for lease such vacant space or space that will become available. Assignee shall then have five (5) business days within which to accept such space and fifteen (15) days within which to enter into a signed amendment to lease. Landlord's notice will include the proposed rental terms for such space. Rental rate and other Landlord concessions contained in the offering will be consistent with those then offered on similar space in other Class A office buildings in the Westshore Business District. Assignee and Landlord acknowledge that the existing tenant(s) currently under lease on the sixth (6th) floor of the Building have renewal rights and Assignee's rights under this Right of First Offering shall be subject to those rights.
RIGHT OF FIRST OFFERING. A. During the Term of this Lease, when Landlord has a prospective tenant ("Prospect") interested in leasing any space on floors 11 through 24 inclusive, of the Building, Landlord shall advise Tenant in the manner set forth in Exhibit "P" attached hereto ("Advice") of such interest to lease such space, and Tenant may lease ("Right of First Offering" [ROFO]) the space shown in the Advice ("Offering Space"), in its entirety only, under the terms of the Advice, except that Tenant shall have no right and Landlord need not give the Advice, if:
RIGHT OF FIRST OFFERING. The Tenant shall have the right of first offer to purchase the Building should Landlord decide to sell the Building. At the time Landlord decides to sell the Building, Landlord shall give Tenant written notice of the price that Landlord intends to sell the Building for and Tenant shall have 10 business days to inform Landlord by written notice that it intends to purchase the Building for all cash within ninety (90) days. Failure of Tenant to purchase the Building at that time will make this right of first offer null and void forever. If Tenant fails to inform Landlord in writing within ten (10) business days that it intends to purchase the building then Landlord shall be free to sell the Building to any third party as long as the purchase price is within five percent (5%) of the price previously offered to Tenant. If the price is lower by five percent (5%) or more, then Tenant shall have five (5) business days to match said offer. Tenant shall purchase the building “AS IS” and sign a 1542 waiver releasing Landlord of all liability known or unknown upon the close of escrow. Said Right of First Offer shall be subordinate to the rights of a lender that is acquiring the property through a deed in lieu or a foreclosure.
RIGHT OF FIRST OFFERING. 42.1. Provided that (a) Tenant is not in default beyond the expiration of any applicable notice and cure periods under any of the terms, provisions and conditions of this Lease, and (b) Tenant and its Affiliates shall then be physically occupying not less
