Common use of Procedure for Offer Clause in Contracts

Procedure for Offer. Subject to the terms of this Section 7, Landlord shall notify Tenant (the “First Offer Notice”) prior to entering into any lease of First Offer Space with a third party (expressly excluding the existing tenant of the First Offer Space). Pursuant to such First Offer Notice, Landlord shall offer to lease to Tenant the First Offer Space. The First Offer Notice shall describe the space so offered to Tenant and shall set forth the “First Offer Rent,” as that term is defined in Section 7.3 below, and the other economic terms upon which Landlord is willing to lease such space to Tenant.

Appears in 2 contracts

Sources: Office Lease (ServiceTitan, Inc.), Office Lease (ServiceTitan, Inc.)

Procedure for Offer. Subject to the terms of this Section 7, Landlord shall notify Tenant (the “First Offer Notice”) prior to entering into any lease of when and if the First Offer Space with a becomes available for lease to third party parties (expressly excluding the existing tenant of the First Offer Spaceas reasonably determined by Landlord), provided that all Superior Right Holder have declined to lease such space. Pursuant to such First Offer Notice, Landlord shall offer to lease to Tenant the First Offer Space. The First Offer Notice shall describe the space so offered to Tenant and shall set forth the “First Offer Rent,” as that term is defined in Section 7.3 8.3 below, and the other economic terms upon which Landlord is willing to lease such space to Tenant.

Appears in 2 contracts

Sources: Office Lease (Appdynamics Inc), Office Lease (Appdynamics Inc)

Procedure for Offer. Subject to the terms of this Section 7, Landlord shall notify Tenant (the "First Offer Notice") prior from time to entering into any lease of time when the First Offer Space with a or any portion thereof becomes available for lease to third party (expressly excluding the existing tenant of the First Offer Space)parties, provided that no Superior Right Holder wishes to lease such space pursuant to such superior right. Pursuant to such First Offer Notice, Landlord shall offer to lease to Tenant the then available First Offer Space. The First Offer Notice shall describe the space so offered to Tenant and shall set forth the "First Offer Rent," as that term is defined in Section 7.3 1.3.3 below, and the other economic terms upon which Landlord is willing to lease such space to Tenant.

Appears in 1 contract

Sources: Lease (Compugen LTD)

Procedure for Offer. Subject to the terms of this Section 7, Landlord shall notify Tenant (the “First Offer Notice”) prior to entering into any lease of First Offer Space with when Landlord receives a third party (expressly excluding bona fide offer regarding the existing tenant leasing of the First Offer Space)Space or any portion thereof from a third party, provided that no Superior Right Holder wishes to lease such space. Pursuant to such First Offer Notice, Landlord shall offer to lease to Tenant the then available First Offer Space. The First Offer Notice shall describe the space so offered to Tenant and shall set forth the “First Offer Rent,” as that term is defined in Section 7.3 1.3.3 below, and the other economic terms upon which Landlord is willing to lease such space to Tenant.

Appears in 1 contract

Sources: Lease Agreement (Braeburn Pharmaceuticals, Inc.)

Procedure for Offer. Subject to the terms of this Section 7, Landlord shall notify Tenant (the “First Offer Notice”) prior from time to entering into any lease of First Offer Space with a third party (expressly excluding the existing tenant of time when the First Offer Space), or any portion thereof, becomes available for lease to third parties, provided that no Building Two Superior Right Holder wishes to lease such space. Pursuant to such First Offer Notice, Landlord shall offer to lease to Tenant the then available First Offer Space. The First Offer Notice shall describe the space so offered to Tenant and shall set forth the “First Offer Rent,” as that term is defined in Section 7.3 1.4.3, below, and the other economic terms upon which Landlord is willing to lease such space to TenantTenant (the “First Offer Terms”).

Appears in 1 contract

Sources: Sublease (Twilio Inc)

Procedure for Offer. Subject to the terms of this Section 7, Landlord shall notify Tenant (the "First Offer Notice") prior to entering into any lease of each time the First Offer Space with a becomes available for lease to third party (expressly excluding the existing tenant of the First Offer Space)parties, provided that no Superior Right Holder wishes to lease such space. Pursuant to such First Offer Notice, Landlord shall offer to lease to Tenant the then available First Offer Space. The First Offer Notice shall describe the space including the parking rights so offered to Tenant and shall set forth the "First Offer Rent," as that term is defined in Section 7.3 Article 17.3 below, and the other economic terms upon which Landlord is willing to lease such space to Tenant.

Appears in 1 contract

Sources: Industrial Real Estate Lease (Southern Electronics Corp)

Procedure for Offer. Subject to the terms of this Section 7, Landlord shall notify Tenant (the “First Offer Notice”) prior from time to entering into any lease of time when the First Offer Space with or any portion thereof becomes available and Landlord intends to market the same for lease to third parties, other than through a third party (expressly excluding the existing tenant of the First Offer Space)Superior Right. Pursuant to such First Offer Notice, Landlord shall offer to lease to Tenant the then available First Offer Space. The First Offer Notice shall describe the space so offered to Tenant and shall set forth the “First Offer Rent,” as that term is defined in Section 7.3 below, and the other economic terms upon which Landlord is willing to lease such space to Tenant.

Appears in 1 contract

Sources: Lease (Cytokinetics Inc)