Common use of Right of First Option Clause in Contracts

Right of First Option. In the event Tenant desires to lease additional laboratory or office space in San Diego, Landlord, or an affiliated entity of Landlord, shall have a right, prior to Tenant receiving offers from other potential landlords, to issue a written offer for space in the Building or other properties owned by Landlord or its affiliates, including space in future

Appears in 2 contracts

Sources: Lease (Genelux Corp), Lease (Genelux Corp)