RIGHT OF FIRST REFUSAL FOR EXPANSION SPACE Clause Samples

RIGHT OF FIRST REFUSAL FOR EXPANSION SPACE. (a) During the first eighteen (18) months of the Term of the Lease, Tenant shall have a right of first refusal on unleased space on the third (3rd) floor of the Building. "Right of First Refusal" shall mean Landlord shall notify Tenant in writing of the rent and other terms and conditions of a lease prior to leasing space on the third floor to another tenant ("Notice of Space"). Tenant shall have five (5) business days after receipt of the Notice of Space to agree to lease the space pursuant to the terms and conditions set forth in the Notice of Space.
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RIGHT OF FIRST REFUSAL FOR EXPANSION SPACE. (a) Provided ▇▇▇▇▇▇▇ Sports, Inc., has not assigned this Lease or sublet any or all of the Premises (it being intended that all rights pursuant to this provision are and shall be personal to the original Tenant or to an Affiliate pursuant to a pre-approved Transfer under this Lease and shall not be transferable or exercisable for the benefit of any other Transferee), and provided Tenant is not in default under this Lease or in a holdover of the Term of this Lease at the time of the exercise of any such right or at any time thereafter until delivery of possession of the space to Tenant, and subject to any and all rights of other or prospective tenants of the Project with respect to such space in the form of executed leases, lease amendments and letters of intent respecting space within the Building (including renewal and extension rights and rights of first offer, first negotiation, first refusal or other expansion rights) existing prior to the first anniversary of the Commencement Date or which may arise thereafter as referenced below, then from and after the first anniversary of the Commencement Date, Tenant shall have a right of first refusal to lease the following space in the Building pursuant to the terms and conditions below: all remaining unleased space in the Building. Within thirty (30) days after the first anniversary of the Commencement Date, Landlord shall deliver to Tenant a list of all parties then having rights to such space prior (and therefore superior) to those of Tenant's granted under this Section 37, if any; provided, however, Tenant recognizes that due to the continuing nature of the right of first refusal granted under this Section 37, then if Tenant declines to accept an offer made under this Section 37, other parties subsequently leasing such space may thereafter obtain rights which will be superior to Tenant's rights under this Section 37. The rights granted under this Section 37 are in addition to and not in substitution for the rights granted under Section 36 above. (b) Such right of first refusal (i) may only be exercised with respect to space which has not been previously leased or committed to another tenant as specified above, or to space which has been previously leased and as to which an existing tenant of such space has elected not to extend its lease or re-lease such space, or is otherwise vacating such space, and (ii) may only be exercised with respect to all of such space which Landlord markets for lease. If Landlord s...
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Related to RIGHT OF FIRST REFUSAL FOR EXPANSION SPACE

  • Right of First Refusal and Co-Sale Agreement Each Purchaser and the other stockholders of the Company named as parties thereto shall have executed and delivered the Right of First Refusal and Co-Sale Agreement.

  • Right of First Refusal (a) Whenever and as often as the WAT Trustee or its successors or assigns (each, a "Seller") shall desire to sell all or any of the Warrants granted to the WAT Trustee pursuant to the Subscription Agreement and Plan of Reorganization Relating to CenterMark Properties, Inc., dated as of May 13, 1996, and in connection with the Public Offering (together, the "Company Warrants"), pursuant to a bona fide offer for the purchase thereof, the Seller shall give notice (the "Notice") to WHL (the "Offeree") in writing to such effect, enclosing a copy of such bona fide offer (it being agreed that the Seller shall cause any such offer to be reduced to writing) and specifying the portion of the Company Warrants which the Seller desires to sell (the "Seller's Warrant"), the name of the person or persons to whom the Seller desires to make such sale and the dollar value of the consideration which has been offered in connection therewith. Upon receipt of the Notice, the Offeree initially shall have the first right and option to purchase up to all of the Seller's Warrant, for cash at a purchase price equal to the dollar value of such consideration, exercisable for a period of 30 days from the date of receipt of the Notice (the "Expiration Date"). Failure of the Offeree to respond to the Notice within the 30-day period shall be deemed to constitute a notification to the Seller of the Offeree's decision not to exercise the first right and option to purchase the Seller's Warrant under this Section 3. (b) The Offeree may exercise the right and option provided in this Section 3 by giving written notice to the Seller not later than the close of business on the date of expiration of such right and option (or if such date is not a business day, then on or before the close of business on the next succeeding business day), advising of the election to exercise the same and the date (not later than 30 days from the date of such notice) upon which payment of the purchase price for the Seller's Warrant shall be made. The Seller shall cause to be delivered to the Offeree notice, on the payment date specified in such notice, the certificate or certificates representing the Seller's Warrant being purchased by the Offeree, properly endorsed for transfer, against payment of the purchase price therefor. (c) If all the Seller's Warrant is not purchased by the Offeree in accordance with this Section, the Seller (i) shall not be required to sell any of the Seller's Warrant to the Offeree and (ii) may, during the 90-day period commencing on the expiration of the rights and options provided for in this Section, sell all (but not less than all) of the Seller's Warrant to the transferee named in the Notice for a consideration the dollar value of which is equal to or greater than the dollar value of the consideration specified in the Notice, subject in each case to the restrictions contained in this Section 3 of this Agreement. (d) WHL may designate or assign its rights to purchase the Company Warrants pursuant to this Section 3 to any person or entity with the prior written consent of the Seller, such consent not be unreasonably withheld or delayed.

  • General Partner Right of First Refusal The transferring Partner shall give written notice of the proposed transfer to the General Partner, which notice shall state (i) the identity of the proposed transferee, and (ii) the amount and type of consideration proposed to be received for the transferred Partnership Units. The General Partner shall have ten (10) days upon which to give the transferring Partner notice of its election to acquire the Partnership Units on the proposed terms. If it so elects, it shall purchase the Partnership Units on such terms within ten (10) days after giving notice of such election. If it does not so elect, the transferring Partner may transfer such Partnership Units to a third party, on economic terms no more favorable to the transferee than the proposed terms, subject to the other conditions of this Section 11.3.

  • Grant of Right of First Refusal Except as provided in Section 12.7 below, in the event the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares (the "TRANSFER SHARES") to any person or entity, including, without limitation, any shareholder of the Participating Company Group, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 (the "RIGHT OF FIRST REFUSAL").

  • Assignment of Right of First Refusal The Company shall have the right to assign the Right of First Refusal at any time, whether or not there has been an attempted transfer, to one or more persons as may be selected by the Company.