RIGHT OF FIRST REFUSAL TO PURCHASE PREMISES. (A) It is Landlord's intent, with the consent and agreement of the Xxxxxxxxx County Board of County Commissioners ("County Government") and the State of Maryland, to sell the Premises in the future and provided that Tenant is not in default under this Lease, Landlord agrees to provide Tenant a one-time a right of first refusal to purchase the Premises during the Lease Term.
RIGHT OF FIRST REFUSAL TO PURCHASE PREMISES. (a) In the event that Landlord, at any time during the Term of this Lease, desires to transfer, assign or otherwise convey (collectively, "Sell") the Premises to a third party, pursuant either to a bonafide written offer which Landlord desires to make or a bonafide written offer which Landlord intends to accept, then Landlord, prior to making or accepting such offer, shall deliver to Tenant notice of such intention (the "Landlord Notice"), accompanied by a true and correct copy of the written offer identifying the contemplated date of closing of the transaction, together with evidence satisfactory to Tenant that
RIGHT OF FIRST REFUSAL TO PURCHASE PREMISES. 6.2.1 Tenant shall have the right of first refusal to purchase (a) the Premises at any time during the Term, and/or (b) Landlord's equity securities or equity interests at any time during the Term in which E. Philxxx Xxxxxxxx xxxectly or indirectly controls Landlord ("LANDLORD'S EQUITY SECURITIES"), upon the terms and conditions set forth in this Section 6.2.; provided, however, Tenant shall not have the right to exercise its rights under this Section 6.2. if any Event of Default has occurred and is continuing as of any of the following dates: (i) the date on which Landlord delivers an Offering Notice to Tenant pursuant to Section 6.2.2(i), or (ii) the date of Tenant's delivery of an Exercise Notice pursuant to Section 6.2.2(ii), or (iii) or at the closing date established to consummate the purchase of the Premises or equity securities, as applicable, pursuant to Section 6.2.2(iii).
RIGHT OF FIRST REFUSAL TO PURCHASE PREMISES. 6.2.1 Subject to and upon the terms and conditions set forth in this Section 6.2, Tenant shall have the right of first refusal to purchase (a) the Premises at any time during the Term, and/or (b) any equity securities or equity interests of Landlord ("LANDLORD'S EQUITY SECURITIES"); provided, however, Tenant shall not have the right to exercise its rights under this Section 6.2 if any Event of Default has occurred and is continuing as of any of the following dates: (i) the date on which Landlord delivers an Offering Notice to Tenant pursuant to Section 6.2.2(i), or (ii) the date of Tenant's delivery of an Exercise Notice pursuant to Section 6.2.2(ii), or (iii) the closing date established to consummate the purchase of the Premises or equity securities, as applicable, pursuant to Section 6.2.2(iii). Notwithstanding the foregoing, the right of first refusal to purchase Landlord's Equity Securities as set forth in this Section 6.2 shall not apply to:
RIGHT OF FIRST REFUSAL TO PURCHASE PREMISES. In the event that Lessor receives a bonafide offer to purchase the premises then Lessee shall be given 14 days in which to exercise its option to purchase under the same terms conditions. All rental payments shall be made to the Lessor at the above address. The addresses may be changed from time to time by either party by serving notice as above provided.
RIGHT OF FIRST REFUSAL TO PURCHASE PREMISES. Landlord hereby grants to Tenant the continuing right of first refusal, throughout the Term of the Lease, to purchase the Premises pursuant to the terms of this Section 12.26. If at any time during the Term Landlord enters into a bona fide agreement to sell all or any part of the Premises (the "Offer"), Landlord shall submit written notice thereof to Tenant (together with a copy of such Offer). Upon receipt of the aforesaid notice and a copy of such Offer from Landlord, Tenant shall have the right (the "Right of First Refusal") exercisable at any time within ten (10) business days from the date of receipt of such notice and Offer, to purchase the Premises, or portion thereof, which is the subject of the Offer upon the same terms and conditions set forth in the Offer, except that the dates for Tenant's performance under the Offer shall be adjusted to afford Tenant the same time periods for performance as were afforded the original purchaser under the Offer, with Tenant's time periods for performance to run from the date of Tenant's exercise of the Right of First Refusal. If Tenant elects to exercise the Right of First Refusal, it shall, prior to the end to said ten (10) day period, deliver written notice of such exercise to Landlord. In the event Tenant fails to timely exercise the Right of First Refusal, Tenant shall be deemed to have waived such right in that instance only, except that if the closing pursuant to the original Offer does not take place within thirty (30) days after the date set forth in the Offer for closing, this Right of First Refusal shall again be deemed applicable to the transaction in the Offer. It is further understood that, in the event Tenant does not exercise this Right of First Refusal, this provision shall nevertheless be applicable to any further and future transfers of the Premises, or any part thereof, by any successor to Landlord. Landlord represents and warrants that no person or entity holds any right of refusal on the Premises, option to purchase, or other right, to acquire all or any part of the Premises, which is prior to or superior to the Right of First Refusal granted to Tenant hereunder. Notwithstanding the terms of this Section 12.26, Tenant's Right of First Refusal shall not apply to any gift or transfer of the Premises for less than the Premises' fair market value to (i) a charity as a tax deductible charitable contribution, (ii) Xxxxxx Xxxxxxx, Xxxx Xxxxxxx, their
RIGHT OF FIRST REFUSAL TO PURCHASE PREMISES. Tenant shall have the right of first refusal to purchase the Premises ("Right of First Refusal") upon the following terms and conditions:
RIGHT OF FIRST REFUSAL TO PURCHASE PREMISES. Intentionally Omitted.
RIGHT OF FIRST REFUSAL TO PURCHASE PREMISES. Lessee shall have a right of first refusal to purchase the premises from Lessor during the initial Lease term and any extension thereof on the following basis: in the event Lessor receives a bona fide offer to purchase the premises from any third party, which the Lessor is prepared to accept, Lessee shall have fifteen (15) calendar days from the date Lessor notifies Lessee in writing of its planned acceptance, accompanied by a copy of the Purchase Agreement, in which to agree to purchase the premises upon the same terms and conditions as the offer from the third party. If Lessee does not indicate its agreement within said fifteen (15) day period, Lessor thereafter shall have the right to sell and convey the premises to a third party on the same terms as stated in the Notice. Lessee's right of first refusal shall not apply to a transfer between any of those persons who constitute Lessor and the blood relatives within the third degree of any of those persons, either outright or in trust, or to a legal entity, (i.e., partnership, corporation, trust, limited liability company, or a like entity) where the majority interest is owned by all or some of those persons who constitute Lessor.
RIGHT OF FIRST REFUSAL TO PURCHASE PREMISES. Pursuant to the Lease, Landlord hereby grants to Tenant the right to acquire ("Right of First Refusal") the Real Property, which may be exercised prior to the expiration or earlier termination of the term of the Lease on the terms and conditions set forth therein.
