Common use of Tenant’s Right of First Refusal Clause in Contracts

Tenant’s Right of First Refusal. a. Right of Tenant. Provided that Tenant is not then in default under --------------- the terms of this Lease, Tenant shall have a right of first refusal ("Refusal Right") to lease adjacent space which is available for lease on the third floor of the Building (collectively, the "Available Space") as specified in Landlord's written notice to Tenant ("Landlord's Notice").

Appears in 2 contracts

Sources: Office Lease (Actuate Software Corp), Office Lease (Actuate Software Corp)