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. 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. 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:
First Right of Refusal. Provided that Lessee is not in default hereunder, Lessee shall have a continuing right for the area mentioned herein, at Lessee's option (the "First Refusal Option"), but subject to rights provided to other lessee's under existing leases and subject to the renewal or expansion for existing tenants' leases, to lease any space located on the fourth (4th) floor of the Building, not already covered by this Lease at any time such space becomes available for leasing by Lessor to third parties during the term of this Lease. Lessor shall give Lessee written notice (the "First Refusal Notice") when Lessor has determined that such space will be or has become available for leasing by Lessee pursuant to its First Refusal Option, together with the economic terms pursuant to which Lessor desires to lease such space, such terms being the greater of the Market Base Rental Rate as defined in this lease or the rate a bona fide arm's-length third party is then offering to pay Lessor for such space. Lessee shall have a period of ten (10) business days following receipt of such First Refusal Notice in which to determine whether to exercise its First Refusal Option with respect to such space. If Lessee elects to exercise such Option, then Lessor and Lessee shall enter into an amendment to this Lease whereby Lessee shall lease such space from Lessor in accordance with the economic terms contained in Lessor's proposal described above, but otherwise this new space shall become part of the Premises in accordance with the terms of this lease. If Lessee does not exercise its First Refusal Option within such ten (10) day period, or if Lessor and Lessee are unable to agree upon an amendment covering such space within twenty (20) days after Lessee elects to lease such space, then Lessor may not enter into a lease with any such third parties on economic terms materially more favorable to the tenant than the terms offered by Lessor to Lessee pursuant to the First Refusal Notice. If Lessee does not exercise its First Refusal Option within such ten (10) day period, and if the subject space has not been leased to third parties within six (6) months of the First Refusal Notice, then the terms of this Section 51 shall once again be applicable just as if the space has just become available for leasing by Lessee. The First Refusal Notice may be delivered to Lessee at any time following the execution of this Lease.
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. Landlord hereby grants to Tenant (VCG) a first right of refusal to purchase the property during the term and any extensions of this Lease Agreement. If Landlord shall desire to sell the Premises (subject to the terms of this Lease), and receives a bona fide offer to purchase, Landlord shall give Tenant written notice of Landlord’s intention to sell Landlord’s interest in the Premises as contained in said offer to purchase. Such notice (“Landlord’s Notice”) shall state the terms and conditions under which Landlord intends to sell its interest. For thirty (30) business days following the giving of such notice, Tenant shall have the option to purchase the Landlord’s interest at the same price and under the same terms as stated in the Landlord’s Notice. A written notice in substantially the following form, addressed to Landlord and signed by Tenant, within the period for exercising the Option, submitted with a bank cashier’s check or money order payable to the order of Landlord in the amount of $100,000.00 (the “Xxxxxxx Money”) shall be an effective exercise of Tenant’s Option, to wit: [DATE] “We hereby exercise the Option to purchase the property described in the Lease, pursuant to the Right of First Refusal contained in that certain Lease Agreement between us pertaining to said Premises under the terms of Landlord’s Notice” The closing of such Purchase shall be within sixty (60) days from the date of notice. Such exercise will not xxxxx Rent or any other Obligation in this Lease and same will continue until Closing on said Option.
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:
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 Lessor receives from a third party a bona fide offer to purchase the Leased Premises, before Lessor may accept such an offer, Lessor must first give written notice to Lessee of said offer. Lessee shall have thirty (30) days from the date of receipt of said offer, to provide Lessor with written acceptance of the offer, upon the same terms and conditions as set forth therein (but in addition thereto, such sale shall include all rights of Lessor in and to this Lease). If Lessee accepts said offer, closing shall take place within sixty (60) days from the date of acceptance. Lessee may elect to assign Lessee's rights to purchase the Leased Premises to the parent of the Lessee, a subsidiary of the Lessee, or other entity wholly owned by Lessee or its parent. If Lessee fails to accept said offer within the thirty (30) days provided herein, Lessor may proceed to sell to said third party in accordance with the terms of the offer. If Lessor has not consummated a sale within one hundred eighty (180) days after the expiration of Lessee's option rights hereunder, the restrictions and options herein provided shall be restored and shall continue in full force and effect, and so long as these restrictions and options remain in effect the Lessor shall not thereafter sell or transfer the Leased Premises without first giving the Lessee notice as herein provided and otherwise complying with the foregoing provisions.
