Common use of RIGHT OF FIRST REFUSAL IN LIEU OF OPTION Clause in Contracts

RIGHT OF FIRST REFUSAL IN LIEU OF OPTION. If the provisions of the purchase option set forth in Article 10 of this Lease shall, for any reason, become unenforceable, Lessor shall nevertheless have a right of first refusal to purchase the Improvements at the highest documented bona fide purchase price offer made to Lessee. Such right shall be as specified in Exhibit FIRST REFUSAL. Any sale or transfer contrary to this Section, when applicable, shall be null and void.

RIGHT OF FIRST REFUSAL IN LIEU OF OPTION. If the provisions of the purchase option set forth in Article 10 of this Lease shall, for any reason, become unenforceable, Lessor shall nevertheless have a right of first refusal to purchase the Improvements at the highest documented bona fide purchase price offer made to Lessee. Such right shall be as specified in Exhibit FIRST REFUSALthe EXHIBIT D – First Refusal. Any sale or transfer contrary to this Sectionsection, when applicable, shall be null and void.

RIGHT OF FIRST REFUSAL IN LIEU OF OPTION. If the provisions of the purchase option set forth in Article 10 of this Lease shall, shall become unenforceable for any reason, become unenforceablereason other than termination following the exercise of rights of a Permitted Mortgagee under its mortgage, Lessor shall nevertheless have a right of first refusal to purchase the Improvements at the highest documented bona fide purchase price offer made to LesseeImprovements. Such This right shall be as specified in the attached Exhibit FIRST REFUSAL. D. Any sale or transfer contrary to this Section, when applicable, shall be null and void.

RIGHT OF FIRST REFUSAL IN LIEU OF OPTION. If the provisions of the purchase option set forth in Article 10 of this Lease shall, for any reason, become unenforceable, Lessor shall nevertheless have a right of first refusal to purchase the Improvements at the highest documented bona fide purchase price offer made to Lessee. Such right shall be as specified in Exhibit C: FIRST REFUSAL. Any sale or transfer contrary to this Section, when applicable, shall be null and void.