Common use of Refusal Space Amendment Clause in Contracts

Refusal Space Amendment. If Tenant exercises its Right of First Refusal for a particular Refusal Space, Landlord shall prepare an amendment (in each instance, a "Refusal Space Amendment") adding such Refusal Space to the Premises on the terms set forth in the Advice for such Refusal Space and other non-conflicting terms of the Lease, and reflecting the changes in the Base Rent, Rentable Square Footage of the Premises, Tenant's Pro Rata Share and other appropriate terms. A copy of the Refusal Space Amendment shall be sent to Tenant within a reasonable time after Landlord’s receipt of the Notice of Exercise executed by Tenant, and Landlord and Tenant shall execute and deliver the Refusal Space Amendment within 15 days finalizing the same, but an otherwise valid exercise of Tenant’s Right of First Refusal for such Refusal Space shall be fully effective whether or not a Refusal Space Amendment is executed.

Appears in 2 contracts

Sources: Office Lease Agreement, Office Lease Agreement (Netsuite Inc)

Refusal Space Amendment. If Tenant exercises its Right of First Refusal for a particular Refusal SpaceRefusal, Landlord shall prepare an amendment (in each instance, a "the “Refusal Space Amendment") adding such the subject portion of the Refusal Space to the Premises on the terms set forth in the Advice for such Refusal Space and other non-conflicting terms of the Lease, and reflecting the changes in the Base Rent, Rentable Square Footage of the Premises, Tenant's ’s Pro Rata Share and other appropriate terms. A copy of the Refusal Space Amendment shall be sent to Tenant within a reasonable time after Landlord’s receipt of the Notice of Exercise executed by Tenant, and Landlord and Tenant shall negotiate in good faith such Refusal Space Amendment (provided that the terms and conditions thereof shall comply with this Section 6) and Tenant shall make reasonable and good faith efforts to execute and deliver return the Refusal Space Amendment to Landlord within 15 20 days finalizing the after Tenant’s receipt of same, but an otherwise valid exercise of Tenant’s the Right of First Refusal for such Refusal Space shall be fully effective whether or not a the Refusal Space Amendment is executed.

Appears in 1 contract

Sources: Office Lease Agreement (Virgin America Inc.)