Right of First Refusal to Lease Clause Samples
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Right of First Refusal to Lease. Provided that Tenant is not in breach or default of any of the terms, conditions, covenants, obligations or provisions of the Lease to which this Rider is attached and provided that the originally named Tenant shall be in occupancy of the Leased Premises and subject to any rights of first refusal existing prior to the date of this Lease, then at such time as Landlord receives a lease proposal (the "PROPOSAL") from a specific bona fide prospective tenant to lease all or any portion of the office space on the second floor of the Building that is vacant as of the date of this Lease (the "REFUSAL SPACE") which Proposal Landlord is willing to accept, Landlord shall notify Tenant of the Proposal (the "PROPOSAL NOTICE") and Tenant shall have an option (the "OPTION") exercisable by written notice to Landlord within two (2) days after receipt of the Proposal Notice to lease all of the Refusal Space upon the same terms and conditions as are contained in the Proposal. Promptly after Tenant exercises the Option, Landlord and Tenant shall execute a supplemental agreement to this Lease, in a form satisfactory to Landlord and Tenant, incorporating the Refusal Space as part of the Leased Premises. If Tenant does not timely exercise the Option, or if Landlord and Tenant do not execute a supplemental agreement to this Lease within thirty (30) days after notice by Tenant to Landlord of its election to exercise the Option, the Option shall be deemed waived and Landlord may enter into an agreement with the specific bona fide prospective tenant who submitted the Proposal without liability to Tenant, provided that such lease is on terms not materially more favorable to such party than those contained in the Proposal and provided that such lease is consummated within one hundred eighty (180) days after the waiver of the Option.
Right of First Refusal to Lease. If within one hundred eighty (180) days prior to the conclusion of this Lease and all options to extend the term thereof, LANDLORD shall desire to accept a bona fide offer received by it to lease any part of the Premises, LANDLORD shall notify TENANT of such a desire in the manner provided in this Lease for the giving of notice, and TENANT shall have the right of first refusal to lease said premises exercisable within ten (10) days of said written notice upon the terms contained in the notice. This provision shall only be effective after the termination, expiration or conclusion of the original lease term and all options to extend the Lease, and shall not affect the premises during the term of this Lease or any option to extend the term thereof.
Right of First Refusal to Lease. The Lessee's right of first refusal shall be changed to be the remaining 4,504 square feet of space on the second floor of the building. Additional Provision - The Lessor, at it's expense, shall perform it's fit up work which shall include the construction of the relocated demising wall, the construction of the relocated hallway to back stairway, the replacement of all damaged ceiling tiles and the cleaning or relamping the light fixtures. Except as hereinabove amended, all of the provisions of the above mentioned Lease and Supplemental Agreements shall remain in full force and effect.
Right of First Refusal to Lease. 16 14.2 Right of First Refusal to Purchase 16 ARTICLE XV - Holdover
Right of First Refusal to Lease. Provided Tenant is not in default under this Lease beyond applicable notice and cure periods, if at any time during the Lease Term (including any Extended Term) any lease for any portion of the Building (the “Offered Space”) shall expire and if Landlord intends to enter into or renew (unless the tenant whose lease is expiring has renewal rights in its existing initial lease) a lease (the “Proposed Lease”) for such Offered Space with anyone (a “Proposed Tenant”), including those instances where Tenant has not exercised its Rights of First Offer under Article 48, Landlord shall first offer to Tenant the right to lease the Offered Space within the Building upon all the terms and conditions of the Proposed Lease (“Right of First Refusal”), subject to the following terms and conditions:
Right of First Refusal to Lease. Subject to the terms and conditions of this Section 5, Tenant shall have, during the Lease Term (including any Extension Terms), a right of first refusal to lease the third (3rd) and fourth (4th) floors of the ▇▇▇▇▇▇ Building (the “First Refusal Space”).
Right of First Refusal to Lease. Lessee shall have the right of first refusal to lease additional space in the Leased Premises and Lessor shall offer such space to the Lessee using similar provisions to those outlined above in 21. 1. No commission shall be, paid to any agent for this first right to lease.
Right of First Refusal to Lease. With the exception of lease renewals by existing tenants, the Lessee is hereby granted, by the Lessor, a one–time right of first refusal to lease the approximately 43,890 square feet of space immediately adjacent to the west side
Right of First Refusal to Lease. The Lessee's right of first refusal shall be changed to be the remaining 5,314 square feet of space on the second floor of the building. Additional Provision - The Lessor, at its expense, shall perform its fit-up work which shall include the construction of the demising wall, the construction of a hallway and entry door to the common electrical room, the replacement of all damaged ceiling tiles, shampooing the common area carpet, cleaning of bathrooms, cleaning or relamping the light fixtures and the removal of the soda vending machine. Lessor shall also patch and paint the leased premises and the Lessee shall be responsible for 50% of the cost, which is estimated to be $1,200.00. Except as hereinabove amended, all of the provisions of the above mentioned Lease shall remain in full force and effect.
Right of First Refusal to Lease. Lessee shall have the right, no more than eighteen (18) months and no later than one (1) year prior to the end of the Term of this Lease, to make an offer in writing to the Lessor to renew this Lease for a period of up to an additional eleven (11) years. Upon presenting such offer to renew, the Lessor shall accept such offer to renew within sixty (60) days of receiving such written offer or such offer shall be deemed rejected. If such offer to renew is rejected and upon termination of this Lease at the end of the Term provided for above, Lessee shall have no automatic right of renewal. Nevertheless, ▇▇▇▇▇▇ agrees that if, during the Term, it receives an acceptable bona fide offer from an unaffiliated third party to lease the Lease Premises and continue the operations of the Facility, and provided Lessee is in good standing under the Lease, Lessor will offer Lessee the right to lease the Lease Premises and continue operating the Facility on the same terms and conditions as set forth in such offer. Lessee shall have 30 days from its receipt of the notice of the terms of the offer to provide Lessor with written notice of its acceptance of the terms. If Lessor shall not receive written notice of acceptance of the offer within such 30 days period, ▇▇▇▇▇▇’s rights hereunder shall have lapsed and terminated and Lessor shall have the right to proceed and enter into any lease agreements it shall choose with the original or any subsequent offeror.