Common use of Right of Second Offer Clause in Contracts

Right of Second Offer. Landlord and Tenant acknowledge and agree that (i) the space shown on the plan attached hereto as Exhibit 1F (the “▇▇▇▇ Space”) is currently leased to Quanterix, a third party tenant, (ii) the space shown as “AVAILABLE” on the plan attached hereto as Exhibit 1G (the “Unleased Space”) is currently unleased, (iii) Landlord has the right to grant to the initial future tenant of all or at least 30,000 rentable square feet of the Unleased Space (the “Initial Tenant”) a right of first offer to lease the ▇▇▇▇ Space on whatever terms and conditions Landlord determines in its sole discretion, and (iv) if such Initial Tenant refuses, or is deemed to have refused, to accept such right of first offer, then, subject to the provisions of this Section 6.1, and provided that (A) as of the date of the ▇▇▇▇ Notice (hereinafter defined), there is no Event of Default then continuing, (B) as of the date of the ▇▇▇▇ Notice, Tenant meets the Occupancy Threshold, then Tenant shall have a one-time right of second offer to lease the ▇▇▇▇ Space in its as-is condition, broom clean, free of personal property and decommissioned in accordance with reasonable industry standards, at then-fair market rent (based on such condition) (the “▇▇▇▇ FMR”), for a term commencing on the date immediately after the date on which the current tenant of the ▇▇▇▇ Space vacates and surrenders the same (and co-terminus with the Term hereof), and otherwise upon the terms and conditions specified in the ▇▇▇▇ Notice. The provisions of this Section 6.1 shall terminate on the first to occur of the leasing of the ▇▇▇▇ Space to Initial Tenant or Tenant in accordance with this Section 6.1(a) or April 1, 2014.