Common use of First Right of Refusal Clause in Contracts

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. 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. ☐.