ROFO Waiver Sample Clauses

ROFO Waiver. Upon entering into this Agreement, Purchaser hereby waives its right of first offer under Sections 3.3 and Section 4.11 of the LLC Agreement. Notwithstanding anything to the contrary contained herein, if the Agreement is terminated or the transaction contemplated hereby does not occur by the Outside Closing Date (other than as a result of a material default by Seller under Section 6.2 of this Agreement), or if Purchaser fails to put forth the Deposit as required under Section 1.3, Purchaser shall have no right of first offer on any future sale of Seller’s Interests in the Company or the Property, and such rights shall be deemed extinguished and thereafter shall be null and void, and Seller may proceed with a sale of the Interests or the Property without any further obligations with respect to Purchaser’s right of first offer, provided that the Property shall be sold for no less than the Minimum Sales Price, and Purchaser shall cooperate and work in good faith with respect to Seller’s efforts to sell the Interests or the Property. To the extent Blackstone elects to sell the Property (or 100% of the interests therein) or its Interests for less than the Minimum Sales Price, Glimcher’s right of first offer under Section 3.3 and Section 4.11 of the LLC Agreement, as applicable, shall apply; provided, however, that Glimcher shall have 10 days to respond to an Interest ROFO Notice or Asset ROFO Notice, as applicable. In such an event, and notwithstanding anything to the contrary in this Agreement, if Glimcher delivers an Interest ROFO Rejection Notice or Asset ROFO Election Notice, as applicable (or is deemed to have delivered an Interest ROFO Rejection Notice or Asset ROFO Rejection Notice, as applicable), pursuant to the terms of the LLC Agreement, Blackstone shall have right to sell the Property (or 100% of the interests therein) or its Interests for not less than 95% of the Interest ROFO Purchase Price or Asset ROFO Purchase Price, as applicable, with the closing on such a sale to occur within 270 days of the expiration of the Interest ROFO Response Period or Asset ROFO Response Period, as applicable. The provisions of this Section 7.2 shall survive any termination of this Agreement. 7.3
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ROFO Waiver. Seller shall have obtained and delivered to Buyer a waiver of the right of first refusal provided in the Lease executed by Tenant (the “ROFO Waiver”).
ROFO Waiver. Seller shall request the ROFO Waiver from the Tenant within two (2) Business Days after the Effective Date, and will diligently pursue obtaining the same prior to the Scheduled Closing Date.
ROFO Waiver. 44 ARTICLE V
ROFO Waiver. Within three (3) Business Days following the date hereof, each of the Sellers (other than the ESOP) shall execute and deliver, and shall cause the Company to execute and deliver, to the Buyer a Waiver of Right of First Offer and Termination Agreement, substantially in the form of Exhibit F attached hereto (the "ROFO Waiver").
ROFO Waiver. The ROFO Waiver has been issued and is in full force and effect and has not been amended or rescinded.

Related to ROFO Waiver

  • Modification; No Waiver This Agreement may not be modified or amended except by an instrument in writing signed by the parties hereto. No term or condition of this Agreement will be deemed to have been waived, nor will there be any estoppel against the enforcement of any provision of this Agreement, except by written instrument by the party charged with such waiver or estoppel. No such written waiver will be deemed a continuing waiver unless specifically stated therein, and each such waiver will operate only as to the specific term or condition waived and will not constitute a waiver of such term or condition for the future or as to any other term or condition.

  • Cumulative Rights; No Waiver The rights, powers and remedies of the Administrative Agent and the Lenders hereunder and under the other Loan Documents are cumulative and in addition to all rights, power and remedies provided under any and all agreements among the Borrower Parties, the Administrative Agent and the Lenders relating hereto, at law, in equity or otherwise. Any delay or failure by Administrative Agent and the Lenders to exercise any right, power or remedy shall not constitute a waiver thereof by the Administrative Agent or the Lenders, and no single or partial exercise by the Administrative Agent or the Lenders of any right, power or remedy shall preclude other or further exercise thereof or any exercise of any other rights, powers or remedies.

  • Severability; No Waiver If any provision of this Agreement shall be held to be invalid, unlawful or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired. The failure of a party hereto to insist upon strict adherence to any term of this Agreement on any occasion or the failure of a party hereto to exercise or any delay in exercising any right or remedy under this Agreement shall not constitute a waiver of any the term, right or remedy or a waiver of any other rights or remedies, and no single or partial exercise of any right or remedy under this Agreement shall prevent any further exercise of the right or remedy or the exercise of any other right or remedy.

  • Amendment; No Waiver No provision of this Agreement may be amended, modified, waived or discharged except by a written document signed by Executive and duly authorized officer of the Company. The failure of a party to insist upon strict adherence to any term of this Agreement on any occasion shall not be considered as a waiver of such party’s rights or deprive such party of the right thereafter to insist upon strict adherence to that term or any other term of this Agreement. No failure or delay by any party in exercising any right or power hereunder will operate as a waiver thereof, nor will any single or partial exercise of any other right or power. No agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof have been made by any party, which are not set forth expressly in this Agreement.

  • Cumulative Rights and No Waiver Each and every right granted to a party hereunder or under any other document delivered hereunder or in connection herewith, or allowed it by law or equity, shall be cumulative and may be exercised from time to time. No failure on the part of a party to exercise, and no delay in exercising, any right will operate as a waiver thereof, nor will any single or partial exercise by a party of any right preclude any other or future exercise thereof or the exercise of any other right.

  • No Waiver by Xxxxxx Lender shall not be deemed to have waived any rights under this Agreement unless such waiver is given in writing and signed by Xxxxxx. No delay or omission on the part of Lender in exercising any right shall operate as a waiver of such right or any other right. A waiver by Xxxxxx of a provision of this Agreement shall not prejudice or constitute a waiver of Lender’s right otherwise to demand strict compliance with that provision or any other provision of this Agreement. No prior waiver by Xxxxxx, nor any course of dealing between Xxxxxx and Borrower, or between Lender and any Grantor, shall constitute a waiver of any of Lender’s rights or of any of Borrower’s or any Grantor’s obligations as to any future transactions. Whenever the consent of Lender is required under this Agreement, the granting of such consent by Lender in any instance shall not constitute continuing consent to subsequent instances where such consent is required and in all cases such consent may be granted or withheld in the sole discretion of Lender.

  • No Waiver The failure of a party to insist upon strict adherence to any term of this Agreement on any occasion shall not be considered a waiver of such party’s rights or deprive such party of the right thereafter to insist upon strict adherence to that term or any other term of this Agreement.

  • No Waiver by Lender Lender shall not be deemed to have waived any rights under this Agreement unless such waiver is given in writing and signed by Lender. No delay or omission on the part of Lender in exercising any right shall operate as a waiver of such right or any other right. A waiver by Lender of a provision of this Agreement shall not prejudice or constitute a waiver of Lender's right otherwise to demand strict compliance with that provision or any other provision of this Agreement. No prior waiver by Lender, nor any course of dealing between Lender and Borrower, or between Lender and any Grantor, shall constitute a waiver of any of Lender's rights or of any of Borrower's or any Grantor's obligations as to any future transactions. Whenever the consent of Lender is required under this Agreement, the granting of such consent by Lender in any instance shall not constitute continuing consent to subsequent instances where such consent is required and in all cases such consent may be granted or withheld in the sole discretion of Lender.

  • Amendments; No Waiver No provision of this Agreement may be amended, revoked or waived except by a writing signed and delivered by an authorized officer of each party. No failure or delay on the part of either party in exercising any right hereunder will operate as a waiver of, or impair, any such right. No single or partial exercise of any such right will preclude any other or further exercise thereof or the exercise of any other right. No waiver of any such right will be deemed a waiver of any other right hereunder.

  • No Waiver of Breach The failure to enforce any provision of this Contract shall not be construed as a waiver of any such provision, nor prevent a Party thereafter from enforcing the provision or any other provision of this Contract. The rights granted the Parties are cumulative, and the election of one shall not constitute a waiver of such Party’s right to assert all other legal and equitable remedies available under the circumstances.

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