Offer Space definition
Offer Space means any space (i) on any floor of the Building immediately contiguous with any floor of the Demised Premises, or (ii) which comprises the balance of any floor partially leased to Tenant. As hereinafter used in this Article 38, the terms “such Offer Space” and “applicable Offer Space” and “Offer Space”, where the context so requires, shall refer to the particular portion of the entire Offer Space that is set forth in the applicable Offer Notice from time to time. B. Provided (i) this Lease shall not have been terminated, (ii) Tenant shall not be in monetary or material non-monetary default under the Lease beyond any applicable periods of notice and cure, and (iii) Tenant (which may be another agency, board or department of The City of New York other than ACS, subject to compliance with the terms and conditions of this Lease regarding the use of the Demised Premises) shall physically occupy the entire rentable area of the Demised Premises (as the same shall then be constituted), then if at any time during the Offer Period, if any Offer Space becomes, or Landlord reasonably anticipates that Offer Space will become, Available, Landlord shall give to Tenant notice (an “Offer Notice”) thereof, specifying (A) Landlord’s determination of the Fair Offer Rent for such Offer Space, (B) the date or estimated date that such Offer Space has or shall become Available (the “Anticipated Inclusion Date”) and (C) such other matters as Landlord may deem appropriate for such Offer Notice. “Fair Offer Rent” means the fixed annual rent that a willing lessee would pay and a willing lessor would accept for the applicable Offer Space, each party acting prudently and under no compulsion to lease, and taking into account all relevant factors. C. Provided that on the date that Tenant exercises the Offer Space Option and on the Offer Space Inclusion Date (i) the Lease shall not have been terminated, (ii) Tenant shall not be in monetary or material non-monetary default under the Lease beyond any applicable periods of notice and cure (unless such condition is waived in writing by Landlord), and (iii) Tenant (which may be another agency, board or department of The City of New York other than the ACS, subject to compliance with the terms and conditions of this Lease regarding the use of the Demised Premises) shall physically occupy the entire rentable area of the Demised Premises (as the same shall then be constituted) (unless such condition is waived in writing by Landlord), Tenant shal...
Offer Space. As defined in Section 1.9(a)(v).
Offer Space means the leasable space consisting of approximately 15,[***] rentable square feet and referred to as [***]. The term "Available" shall mean that the space in question is either: (1) vacant and free and clear of the tenant in the Offer Space as of the Effective Date, [***] (the “Current Tenant”); or (2) space as to which Landlord has received a proposal, or Landlord is making a proposal, for a lease or rights of any nature applicable in the future when such space would be free and clear of the Current Tenant. The parties acknowledge and agree that Landlord shall be free at any time during the term of the lease with the Current Tenant to enter into an extension or renewal of the term for the Offer Space with the Current Tenant.
Examples of Offer Space in a sentence
Pursuant to such First Offer Notice, Landlord shall offer to lease to Tenant the then available First Offer Space.
The construction of improvements in the First Offer Space shall comply with the terms of Article 8 of this Lease.
The right of first offer granted herein shall terminate as to particular First Offer Space upon the failure by Tenant to exercise its right of first offer with respect to such First Offer Space as offered by Landlord.
Tenant shall commence payment of rent for the First Offer Space and the Lease Term of the First Offer Space shall commence upon the date of delivery of such space to Tenant.
Pursuant to such First Offer Notice, Landlord shall offer to lease to Tenant the First Offer Space.
More Definitions of Offer Space
Offer Space means any space that becomes available on floor 12 of the Building.
Offer Space means the unleased space in the Project held for lease by Landlord. For the period starting June 1, 2001 and ending on March 31, 2004 (the "Offer Period"), Tenant will have the right to lease the Offer Space on the following terms and conditions:
Offer Space means space in the Building that is contiguous to any part of the Premises. Landlord shall from time to time give Tenant a written notice (the “Availability Notice”) identifying the particular Offer Space (the “Specific Offer Space”) that becomes Available (as defined below). As used herein, “Available” means that the space (i) is not part of the Premises, (ii) is not then subject to a lease, (iii) is not then subject to any rights of any tenants existing on the date of the First Amendment to this Lease to renew their lease or expand their premises as set forth in their lease, and (iv) is not then subject to any negotiations between Landlord and an existing tenant of that space.
Offer Space as used in this Section 45.01 means all of the Demised Premises and all of the PR Newswire Space. Landlord and Tenant confirm that the Offer Space is conclusively deemed to contain 41,178 rentable square feet.
Offer Space means the leasable space on floors 18 through 30 of the Building. The term “Available” shall mean that the space in question is either: (1) vacant and free and clear of all “Prior Rights” (defined below); or (2) space as to which Landlord has received a proposal, or Landlord is making a proposal, for a lease or rights of any nature applicable in the future when such space would be free and clear of all Prior Rights. The term “Prior Rights” shall mean rights of other parties, including without limitation, a lease, lease option, or option or other right of extension, renewal, expansion, refusal, negotiation or other right, either: (i) pursuant to any lease or written agreement which is entered into on or before the date this Lease is fully executed and delivered; or (ii) pursuant to any extensions or renewals of any of the foregoing or pursuant to any extensions or renewals of any lease entered into with respect to the Offer Space after the date this Lease is fully executed and delivered (except that, only with respect to extensions or renewals of any lease entered into with respect to the Offer Space after the date this Lease is fully executed and delivered, any expansion of the premises leased thereunder shall not be deemed a Prior Right), whether or not set forth in such lease or written agreement, and Landlord shall be free at any time to enter into such extension or renewal; or (iii) pursuant to any amendment or modification of any of the foregoing, and Landlord shall be free at any time to enter into such amendment or modification. In no event, however, shall the Offer Right apply to any space that consists of less than 10,000 contiguous rentable square feet.
Offer Space as used in this Section 45.02 means the PR Newswire Space.
Offer Space means collectively and individually (a) approximately 11,311 contiguous rentable feet of space on the seventh (7th) floor of the Unit known as Suite 7B, (b) approximately 10,279 contiguous rentable feet of space on the seventh (7th) floor of the Unit known as Suite 7C, and (c) approximately 17,427 contiguous rentable feet of space on the seventh (7th) floor of the Unit known as Suite 7D.