ROFO Assets Sample Clauses
The ROFO (Right of First Offer) Assets clause grants a specified party the first opportunity to negotiate the purchase of certain assets before the owner can offer them to third parties. In practice, this means that if the owner decides to sell or transfer the designated assets, they must first notify the holder of the ROFO and allow them to make an offer or enter into negotiations. This clause is commonly used in joint ventures or partnership agreements to give existing stakeholders a chance to acquire assets before outsiders, thereby protecting their interests and maintaining control over asset ownership within the group.
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ROFO Assets. Asset Owner
ROFO Assets. During the Term, SunEdison hereby grants to Terra and its Affiliates a right of first offer on any proposed Transfer of any project developed by SunEdison located in an Approved Country other than the projects pertaining to the Call Right Assets (each individually a “ROFO Asset” and collectively, the “ROFO Assets”). For the avoidance of doubt, the obligations in this Article III shall remain in effect throughout the Term regardless of whether SunEdison has satisfied the CAFD Commitment.
ROFO Assets. The parties set forth on Exhibit G hereby grant to the Company and Remora Holdings a right of first offer on the assets described on Exhibit G (the “ROFO Assets”) to the extent that any such party or any such party’s controlled Affiliate proposes to, directly or indirectly, sell, assign, convey, transfer or otherwise dispose of, whether in one or a series of transactions (such actions collectively, “Transfer”) all or any portion of the ROFO Assets (other than to an Affiliate of such party who agrees in writing that such ROFO Assets remain subject to the provisions of this Section 6.9 and such Affiliate assumes the obligations under this Section 6.9 with respect to such ROFO Assets) or enters into any valid and binding agreement relating to such Transfer or proposed Transfer of any ROFO Assets from the Execution Date until three years following the Closing.
ROFO Assets. During the Term, SunEdison hereby grants to Global LLC and its Affiliates a right of first offer on any proposed Transfer of any project developed by SunEdison located in an Approved Country other than the projects pertaining to the Call Right Assets (each individually a “ROFO Asset” and collectively, the “ROFO Assets”). SunEdison is not obligated to sell a ROFO Asset. For the avoidance of doubt, the obligations in this Article III shall remain in effect throughout the Term regardless of whether SunEdison has satisfied the CAFD Commitment. SunEdison agrees to not offer any ROFO Assets located in an Approved Country to TerraForm Power, Inc., a Delaware company.
ROFO Assets. Any assets used in, or entities engaged primarily in, providing saltwater disposal and other water environmental services to U.S. onshore oil and natural gas producers and trucking companies in the U.S.