Common use of Right of First Refusal to Lease Space Clause in Contracts

Right of First Refusal to Lease Space. Provided Tenant is not in default hereunder, if during the term of this Lease, Landlord shall first offer to rent space in the Building which is available for rent to Tenant on the same terms and conditions as this Lease. Landlord shall communicate the existence of such offer to Tenant in writing and Tenant shall have ten (10) business days within which to accept or reject such offer. If Tenant does not accept such offer within said ten (10) business day period, then Tenant shall be deemed to have forever waived its right of first refusal as to such space and Landlord shall be free to lease such space as Landlord deems appropriate.