First Right of Refusal Sample Clauses
First Right of Refusal. If any Partner shall enter into an agreement to sell their ownership interest in the Partnership with an individual or entity that is not a current Partner, the following parties must be given a first right of refusal before such a transaction can take place:
First Right of Refusal. The Tenant shall have the right to step in the place of any buyer that provides a qualifying offer to purchase the Premises. The Tenant shall have a period of ten (10) days to accept and continue the terms of the buyer’s offer and, if accepted, shall be given ninety (90) days to close on the Premises. ☐
First Right of Refusal. Beginning with the thirty-sixth month of the Lease ---------------------- Term, and provided Tenant is not in default in any of the terms, covenants, and conditions of this Lease Agreement, Tenant, during the Term of this Lease and subject to the provisions hereinafter contained, shall have the First Right of Refusal to lease approximately 12,043+ square feet of space as shown in Blue on the attached Exhibit C, consisting of the remaining space on the first floor in --------- the building in which the Leased Premises are located (hereinafter referred to as "First Right Space") upon the following terms and conditions:
A. It is understood that said First Right Space is, as of the date of this Lease, vacant and unleased. Landlord agrees that, after the thirty-sixth month of the Lease Term, in the event Landlord receives an offer to lease said First Right Space from a third party, rental and upon terms and conditions which are satisfactory to Landlord, Landlord shall, prior to executing a lease agreement with a third party for said First Right Space, offer said First Right Space to Tenant at the same Basic Rent per square foot rate as scheduled in this Lease Agreement dated July 3l, 1995, as amended, between Landlord and Tenant, and upon the same terms, covenants, and conditions outlined in this Lease Agreement between Landlord and Tenant. If said third party lease offer is for a period which extends beyond this Tenant's Lease Termination Date, Landlord shall have the right to require Tenant's Lease Term be extended to coincide with the termination of said third party lease, in which case Tenant's Basic Rent per square foot rate shall be increased by $.05 per square foot on an annual basis, commencing with the extended term or, Landlord may elect, at its sole and absolute discretion, not to extend Tenant's Term. Tenant shall have five (5) business days after receipt of said rental and terms and conditions in which to accept said rental and terms and conditions in writing. In the event Tenant rejects or fails to accept said rent, terms, and conditions and execute a lease agreement for said First Right Space at the rental and upon the terms and conditions so presented by Landlord within said five (5) business day period, Tenant shall have no further First Right of Refusal and Landlord shall be free to execute a lease with a third party without further obligation to Tenant with respect to said First Right Space, and this Lease Agreement dated July 3 l, 1995 shall...
First Right of Refusal. In the event the Employer permanently closes a store (i.e., no Replacement Store is opened), it is agreed that the Union shall have the first right of refusal to purchase the store and operate it as an enterprise of the Union or some kind of employee cooperative.
First Right of Refusal. 3.5.1 The Licensee shall have "First Right of Refusal" at the end of license tenure, provided no default is made in the payments of License fees to Maha-Metro and the Licensee participates in the tender invited then and agrees to match the highest bid received.
First Right of Refusal. If Qwest receives a valid Collocation Application (CLEC A is the requesting Party) for a Qwest Wire Center in which all available space has been occupied or Optioned, the following provisions for First Right of Refusal will apply:
8.4.1.8.7.1 All Qwest out of space reporting requirements apply to the Collocation Application (Sections 8.2.1.11 and 8.2.1.12). In addition, Qwest will provide CLEC A with Option space information (e.g., Caged and Cageless Optioned space) that may fulfill the requirements of CLEC A’s Collocation Application. At CLEC A’s request, Qwest will initiate the Option Enforcement Notice process by notifying the Option Party or Parities with the most recent space Option(s) that meets the requirements of CLEC A’s Collocation Application.
8.4.1.8.7.2 The Option Enforcement Notice serves as notification to the Option Party that Qwest is in possession of a valid Collocation Application, and calls for the Option Party to exercise their Right of First Refusal, or relinquish their space Option. The Option Party may exercise it’s Right of First Refusal by submitting either a Collocation Application as set forth in Section 8.4.1.5, or by submitting the Collocation Space Reservation Application set forth in Section 8.4.1.7, within ten (10) calendar days of receipt of the Option Enforcement Notice. This process continues for all Optioned space until all Optioned space is exercised or Optioned space is relinquished (affirmatively by CLEC or upon expiration of the notice period, whichever is earlier) to fulfill the Collocation Application. Once Optioned space has been relinquished for use to fulfill the Collocation Application, the standard ordering terms and conditions for Collocation shall apply.
8.4.1.8.7.3 Where contiguous space has been Optioned, Qwest will make its best effort to notify CLEC if Qwest requires the use of the contiguous space for itself, its affiliates or CLECs. Upon notification, CLEC will have seventy-two (72) hours to indicate its intent to submit a Collocation Application or Collocation Reservation. CLEC may choose to terminate the contiguous space Option or continue without the contiguous provision.
8.4.1.8.7.4 The rate elements for the Collocation Space Option are comprised of the following:
8.4.1.8.7.4.1 Space Option Administration Fee is a nonrecurring fee for all Collocation Space Option requests and covers the processing of application, feasibility, common space engineering, records management, and administration of the ...
First Right of Refusal. (i) As soon as practical after the Termination Date of the Trust, the Manager directs the Trustee to offer (by written notice to the Approved Seller) irrevocably to extinguish in favour of the Approved Seller, or if the Trustee has perfected its title, to assign to the Approved Seller, its entire right, title and interest in and to the Purchased Receivables, and related Receivable Rights (if any) in consideration of the payment to the Trustee by the Approved Seller in relation to the Trust of:
(A) in the case of performing Purchased Receivables, the Unpaid Balance of the relevant Purchased Receivables; and
(B) in the case of non-performing Purchased Receivables, their Fair Market Value. In each case, the Servicer, in consultation with the Trustee, is to determine whether a Receivable is performing or non-performing.
(ii) The Approved Seller cannot accept the offer if the Fair Market Value of relevant Purchased Receivables is less than the Unpaid Balance without the approval of an Extraordinary Resolution. Any purported acceptance without that approval will be ineffective.
(iii) During the 180 day period after the Termination Date of a Trust, the Trustee must not, and the Manager must not direct the Trustee, sell any Receivables and the related Receivable Rights for an amount less than:
(A) in the case of performing Receivables, their Unpaid Balance; or
(B) in the case of non-performing Receivables, their Fair Market Value.
(iv) The Approved Seller may accept or reject that offer in its discretion.
(v) The Trustee will not sell or deal with the relevant Purchased Receivables and related Receivable Rights except in accordance with paragraph (c)(i) unless the Approved Seller has failed to accept the offer referred to in paragraph (c)(i) within 180 days after the occurrence of the Termination Date of the Trust by paying to the Trustee, within 180 days after the occurrence of the Termination Date of the Trust, the purchase price referred to in paragraph (c)(i) for all of those Purchased Receivables and related Receivable Rights.
First Right of Refusal. Current Tenant(s) will be given first option to execute a new Agreement for the following school year. Notice of Tenant’s intent must be received no later than October 1st.
First Right of Refusal. If CenturyLink receives a valid Collocation Application (CLEC A is the requesting party) for a CenturyLink Wire Center in which all available space has been occupied or optioned, the following provisions for First Right of Refusal will apply:
First Right of Refusal. Lender shall have received satisfactory evidence that any first right of refusal rights held by any other lender of Borrower has been waived with respect to the Loan.