Common use of Passage of Time Clause in Contracts

Passage of Time. If Tenant does not exercise its Right of First Refusal within the required 5 Business Day period, if Landlord does not enter into a lease for the Refusal Space within 120 days after the expiration of such 5-Business-Day period, then Landlord shall again be obligated to offer the Refusal Space to Tenant in the same manner as set forth in Sections A, B, and C above if Landlord is prepared to enter into a letter-of-intent with another Prospect.

Appears in 3 contracts

Sources: Lease Agreement (Repligen Corp), Lease Agreement (Repligen Corp), Lease (Repligen Corp)