Common use of Right of First Notice Clause in Contracts

Right of First Notice. Prior to listing for lease the portion of the Property not included in Tenant’s Space, Landlord shall first notify Tenant of Landlord’s intention to lease all or any property such portion of the Property (except with respect to an existing Tenant of the Property). Thirty (30) days after the date of such notice, Landlord shall be free to lease such portion of the Property or any part thereof to any party on any terms. This Right of First Notice shall expire and be of no force or effect if an event of default has occurred under Section 9.1 of this Lease, if this Lease has terminated for any reason, or if Tenant has failed to exercise its extension in a timely manner under Section 2.2 of this Lease.