available for leasing definition
available for leasing means space which (1) has or is reasonably expected to become vacant, and (2) is or is reasonably expected to be available for leasing to tenants; it being understood and agreed that space “available for leasing” shall not include any space which, is vacant or occupied if such space is subject to a lease which grants the tenant thereunder (“Existing Tenant”) any rights of, renewal or extension as to such space (“Existing Tenant Space”), or is as of the date hereof subject to any rights of first offer or first refusal, expansion or other options granted to another tenant in the Project. Landlord agrees that: (i) Existing Tenant Space shall be deemed “available for leasing” if the Existing Tenant having expansion or renewal rights relating thereto fails or loses the right under the applicable lease to act with respect to such Existing Tenant Space; and (ii) to advise the Tenant from time to time upon Tenant’s request of space “available for leasing”; and (iii) it has by a separate writing on or about the date hereof advised the Tenant of any rights of first offer or first refusal and any expansion, renewal and similar options that exist as of the date hereof for the benefit of other tenants (which information Tenant agrees to keep confidential).
available for leasing means that on the date set forth in the Expansion Notice as being the date Landlord anticipates that such Expansion Space will become available for leasing, (a) no party leases or occupies the Expansion Space, whether pursuant to a written lease or other written agreement, and (b) no party holds any written option or right to lease and/or occupy the Expansion Space, or to renew its lease and/or right(s) of occupancy therefor. In addition, so long as a tenant or other occupant leases or occupies a portion of the Expansion Space, Landlord shall be free to extend any such tenancy or occupancy, whether or not pursuant to a written lease or other agreement, and such space shall not be deemed to be available for leasing, unless Landlord shall then have given Tenant an Expansion Notice with respect to such space. In no event shall Landlord be liable to Tenant for any failure by any then existing tenant or occupant to vacate any of the Expansion Space. Landlord agrees that from and after the date hereof, it will not grant any rights to any tenant or other occupant of the Building with respect to the Expansion Space unless such rights are subordinate to the rights granted Tenant hereunder, except (i) to tenants or other occupants leasing or occupying such portions of the Expansion Space as of the date hereof, or (ii) to new tenants or occupants of a portion of the Expansion Space after Landlord shall have duly offered such Expansion Space to Tenant pursuant to this Article 30 and Tenant shall have failed to timely give an Acceptance Notice with respect to such Expansion Space. Landlord represents that to the best of its knowledge, as of the date of this Lease, the tenants and other occupants leasing or occupying premises which may become subject to the provisions of Section 30.1 are as set forth on Exhibit L annexed hereto.
available for leasing means the space is vacant or is anticipated to become vacant. “Available” means, as to any Offer Space, that such Offer Space is vacant and free of any present or future possessory right now or hereafter existing in favor of any third party, and Landlord desires, in its sole but good faith discretion, to offer such Offer Space for lease to a third party tenant for office or other use for a lease term that is substantially as long as, or longer than, the then-remaining term of the Lease. Anything to the contrary contained herein notwithstanding, Tenant’s right of first offer pursuant to this Article 29 is expressly subject and subordinate to (y) any right of offer, right of first refusal, expansion right or similar right or option in favor of any third party existing as of the date hereof, and (z) Landlord’s right, in its sole and absolute discretion, to renew or extend the term of any lease to another tenant, whether or not pursuant to an option or right set forth in such other tenant’s lease.
Examples of available for leasing in a sentence
Landlord shall notify Tenant ("Landlord's Notice") in the event any portion of the Option Space becomes "Available for Leasing"; or in the event Landlord has a third party interested in leasing any portion of the Option Space which is then "Available for Leasing".
Subject to any right of any other tenant in the Building, Landlord hereby grants to Tenant the one time right to lease, on the terms and conditions hereinafter set forth (the “Right of First Offer”), certain spaces located on the first (1st) and third (3rd) floors of the Building that are described on Exhibit G attached hereto which become vacant and Available for Leasing (as such term is defined herein) (the “First Offer Space”) at any time prior to the fourth (4thth) anniversary of the Commencement Date.
Interested Areas Offered for Leasing: The MMS is offering for leasing all blocks and partial blocks listed in the document ‘‘Blocks Available for Leasing in Central GOM Oil and Gas Lease Sale 190’’ included in the FNOS 190 Package.
Tenant's Expansion Right shall also include Tenant's providing Landlord a Tenant's Leasing Notice (in the first instance and not in response to a Landlord's Notice) with respect to the Option Space which is then "Available for Leasing" provided no Landlord's Notice has been given to Tenant with respect to any portion of such Option Space within the previous nine (9) months.
If the Premises is damaged so that Tenant cannot reasonably conduct its business therein, then immediately following such damage, Tenant shall have the right to relocate the Premises for the balance of the Term, including any renewals, to any other space in the Building which may then be "Available for Leasing" (as defined in Article 34 below), by notice given to Landlord within 45 days after such damage (but prior to the date when, if at all, the Premises is restored).
More Definitions of available for leasing
available for leasing provided no Landlord's Notice has been given to Tenant with respect to any portion of such Option Space within the previous nine (9) months.
available for leasing means that Landlord in good faith desires to offer such First Offer Space for leasing on the open market to qualified third parties.
available for leasing means Available for Leasing as defined in Section 43.2(e).
available for leasing means that at the time in question (i) no party leases or occupies the Expansion Space (or if leased or occupied, such party’s rights are scheduled to expire, and Landlord is prepared to market such space, within twelve (12) months of the time in question), whether pursuant to a written lease or other written agreement, and
available for leasing means the Option Space is not subject to any existing (as of the date of this Lease Agreement) lease or first rights of refusal, first rights of negotiation, first rights of leasing, expansion rights, renewal rights and/or similar rights of any other third party tenant or such rights have been waived in writing (provided if all such rights are to expire within six (6) months, Landlord may make such Option Space Available for Leasing contingent upon the expiration of such rights). In any event Landlord shall be entitled to renew or extend any lease of an "Occupying Third Party" (as defined below), without providing Tenant a Landlord's Notice and without it being subject to any rights of a third party under this Article. Tenants which are either presently occupying Option Space or may be so occupying in the future pursuant to a third party lease which was entered into after Tenant's rights were waived or deemed waived pursuant to Paragraph B of this Article shall be deemed to be an "Occupying Third Party".
available for leasing. 64(b) "Available for Leasing" 45 "BOMA Standards" 2a "Bankruptcy Code" 32 "Base Rent" 1 "Beneficial Occu▇▇▇▇▇" ▇▇ "▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇" ▇▇▇ "▇▇▇▇▇▇▇▇" ▇ "▇▇sh stations" 54(c) "CERCLA" 33b(i) "CT&T Participation" 47(a) "CT&T Percentage" 47a "Chicago Commerce Center" 40(b) "Chicago Title and Trust Company" 40(b) "Commencement Date" 35 "Commencement of construction" 50(b) "Construction Termination Payment" 50(c) "Consumer Price Index" 2(b)(8) "control" 12(e) "Current Lease" 45(i) "Default" 16(a) "Deposit" 52(c) "Developed Space" 12 "Development Partnership" 46(f) "Entire Development" 408 "Environmental Laws" 33b(ii) "Equis" 23 "Escrow Agreement" 52b "Escrow" 52b "Escrowee" 52b "Estimated T/I Cost" 37(c) "Excess T/I Cost" 37(c) "Existing Leases" 38 "Existing Tenant Vacation Termination Payment" 50(a) "Expense Adjustment" 2(b)(ii) "Expenses" 2 "Expiration Date" 1 "Financial Services" 54(c)
available for leasing means that the First Offer Storage Space is anticipated to become vacant during the succeeding six (6) month period and is reasonably anticipated to become available for leasing to Tenant; it being understood and agreed that the First Offer Storage Space shall not be deemed to be space “Available for Leasing” if the tenant or occupant of such First Offer Storage Space exercises a renewal right expressly contained in its lease of such First Offer Storage Space, or (ii) a tenant of the Building has an option, right of first offer, or other similar right to lease the First Offer Storage Space under another lease for space in the Building as of the date hereof which has not then lapsed or been affirmatively waived in writing by such tenant. Without limiting the foregoing and in order to avoid any doubt, the parties hereto agree that the provisions of this Article 40 shall not apply, and Landlord shall not be obligated to make any offer under this Article 40, if the First Offer Storage Space in question is subject to the right of any current tenant of the First Offer Storage Space to extend or renew its term pursuant to an option expressly set forth in its lease, or encumbered by any additional space options, rights of first offer or rights of first refusal granted to any tenant of the Building as of the date of this Lease; and Tenant’s rights under this Article 40 shall be expressly subject and subordinate to such rights of such tenants or occupants.