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

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.

Right of First Refusal to Lease. So long as no Event of Default by Lessee shall have is then occurring, Lessor grants to Lessee the right, no more than eighteen (18) months and no later than one (1) year prior right of first refusal to re-lease the end Leased Center upon the expiration 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 Initial Term, it if Lessor receives an acceptable a bona fide offer from an unaffiliated any unrelated third party to lease the Lease Premises and continue the operations Leased Center upon terms acceptable to Lessor. In that event, Lessor shall give Lessee written notice of the Facilityterms and conditions offered by such third party. Upon receipt of any such written notice, and provided Lessee is in good standing under the Lease, shall have ten (10) days to notify Lessor will offer whether or not Lessee the right elects to lease the Lease Premises Leased Center upon such terms and continue operating conditions stated in the Facility on notice from Lessor to Lessee. If Lessee elects to lease the Leased Center upon the same terms and conditions as set forth in offered by Lessor to the unrelated third party, it shall so notify Lessor and such offerlease shall be executed within ten (10) days following such notice. If Lessee shall have 30 days from its receipt declines to lease the Leased Center (or does not respond timely to Lessor), Lessor may thereafter lease the Leased Center to the third party only on such terms and conditions originally offered by Lessor to Lessee, such new lease to become effective only at the expiration of the notice of the terms of the offer to provide Lessor with written notice of its acceptance of the termsInitial Term. If It is agreed that Lessor shall not receive written notice of acceptance seek to re-lease the Leased Center until the last twelve months (12) of the offer within such 30 days periodInitial Term." (f) Section 2.6, ▇▇▇▇▇▇’s rights hereunder shall have lapsed and terminated and Lessor shall have the right Lessor's End of Term Rights, is amended to proceed and enter into any lease agreements it shall choose with the original or any subsequent offeror.read as follows: