Common use of Exercise of Right of First Refusal Clause in Contracts

Exercise of Right of First Refusal. If the Tenant elects to purchase the property or Site described in the Bona Fide Offer under the provisions of Section 14.3, or if the Tenant elects to seek the Fair Market Value under the provisions of Section 14.3, the Tenant must notify the Landlord of such election, doing so in writing delivered to the Landlord within thirty (30) Business Days after the date of the Landlord’s written notice to the Tenant of the Bona Fide Offer. If the Tenant elects to refuse the Bona Fide Offer, the Tenant need take no action whatsoever; further, if the Tenant fails to deliver to the Landlord a notice of the Tenant’s election within the time required for such notice, the Tenant will be deemed to have refused the Bona Fide Offer. If the Tenant refuses, or is deemed to have refused, the Bona Fide Offer, the Landlord is free to sell the property pursuant to the Bona Fide Offer subject to this Ground Lease, any New Lease, and any Leasehold Mortgage, any Non-Disturbance Agreement and continuation of the leasehold interest created by this Ground Lease and any New Lease.

Exercise of Right of First Refusal. If the Tenant elects to purchase the property or Project Site described in the Bona Fide Offer under the provisions of Section 14.3, or if the Tenant elects to seek the Fair Market Value under the provisions of Section 14.3, the Tenant must notify the Landlord of such election, doing so in writing delivered to the Landlord within thirty (30) Business Days after the date of the Landlord’s written notice to the Tenant of the Bona Fide Offer. If the Tenant elects to refuse the Bona Fide Offer, the Tenant need take no action whatsoever; further, if the Tenant fails to deliver to the Landlord a notice of the Tenant’s election within the time required for such notice, the Tenant will be deemed to have refused the Bona Fide Offer. If the Tenant refuses, or is deemed to have refused, the Bona Fide Offer, the Landlord is free to sell the property pursuant to the Bona Fide Offer subject to this Ground Lease, any New Lease, Lease and any Leasehold Mortgage, any New Lease and any Non-Disturbance Agreement Agreement, and continuation of the leasehold interest created by this Ground Lease and any New Lease.

Exercise of Right of First Refusal. If the Tenant elects to purchase the property or Site described in the Bona Fide Offer under the provisions of Section 14.3, or if the Tenant elects to seek the Fair Market Value under the provisions of Section 14.3, the Tenant must notify the Landlord of such election, doing so in writing delivered to the Landlord within thirty (30) Business Days after the date of the Landlord’s written notice to the Tenant of the Bona Fide Offer. If the Tenant elects to refuse the Bona Fide Offer, the Tenant need take no action whatsoever; further, if the Tenant fails to deliver to the Landlord a notice of the Tenant’s election within the time required for such notice, the Tenant will be deemed to have refused the Bona Fide Offer. If the Tenant refuses, or is deemed to have refused, the Bona Fide Offer, the Landlord is free to sell the property pursuant to the Bona Fide Offer subject to this Ground Lease, any New Lease, Lease and any Leasehold Mortgage, any New Lease and any Non-Disturbance Agreement Agreement, and continuation of the leasehold interest created by this Ground Lease and any New Lease.

Exercise of Right of First Refusal. If the Tenant elects to purchase the property or Project Site described in the Bona Fide Offer under the provisions of Section 14.3, or if the Tenant elects to seek the Fair Market Value under the provisions of Section 14.3, the Tenant must notify the Landlord of such election, doing so in writing delivered to the Landlord within thirty (30) Business Days after the date of the Landlord’s written notice to the Tenant of the Bona Fide Offer. If the Tenant elects to refuse the Bona Fide Offer, the Tenant need take no action whatsoever; further, if the Tenant fails to deliver to the Landlord a notice of the Tenant’s election within the time required for such notice, the Tenant will be deemed to have refused the Bona Fide Offer. If the Tenant refuses, or is deemed to have refused, the Bona Fide Offer, the Landlord is free to sell the property pursuant to the Bona Fide Offer subject to this Ground Lease, any New Lease, Lease and any Leasehold Mortgage, any New Lease and any Non-Disturbance Agreement Agreement, and continuation of the leasehold interest created by this Ground Lease and any New Lease.

Exercise of Right of First Refusal. If the Tenant elects to purchase the property or Project Site described in the Bona Fide Offer under the provisions of Section 14.3, or if the Tenant elects to seek the Fair Market Value under the provisions of Section 14.3, the Tenant must notify the Landlord of such election, doing so in writing delivered to the Landlord within thirty (30) Business Days after the date of the Landlord’s written notice to the Tenant of the Bona Fide Offer. If the Tenant elects to refuse the Bona Fide Offer, the Tenant need take no action whatsoever; further, if the Tenant fails to deliver to the Landlord a notice of the Tenant’s election within the time required for such notice, the Tenant will be deemed to have refused the Bona Fide Offer. If the Tenant refuses, or is deemed to have refused, the Bona Fide Offer, the Landlord is free to sell the property pursuant to the Bona Fide Offer subject to this Ground Lease, any New Lease, Lease and any Leasehold Mortgage, any Non-Disturbance Agreement Agreement, and continuation of the leasehold interest created by this Ground Lease and any New Lease.