Common use of Lease of First Refusal Space Clause in Contracts

Lease of First Refusal Space. If Tenant timely and properly exercises Tenant’s right to lease the First Refusal Space as set forth herein, Landlord and Tenant shall execute, at Landlord’s option, either a new lease for the First Refusal Space or an amendment adding such First Refusal Space to the Lease (as amended), in each case upon the Economic Terms provided in this Section 2.4. If the First Refusal Space consists of only a portion of the applicable building, such lease or amendment shall include appropriate provisions to account for the fact that such space is being leased in a multi-tenant building rather than a single-tenant building.

Lease of First Refusal Space. If Tenant timely and properly exercises Tenant’s 's right to lease the First Refusal Space as set forth herein, Landlord and Tenant shall execute, at Landlord’s 's option, either a new lease for the First Refusal Space or an amendment adding such First Refusal Space to the Lease (as amended), in each case upon the Economic Terms provided in this Section 2.4. If the First Refusal Space consists of only a portion of the applicable building, such lease or amendment shall include appropriate provisions to account for the fact that such space is being leased in a multi-tenant building rather than a single-tenant building.