ROFR Purchase Notice Sample Clauses

ROFR Purchase Notice. In the event Landlord receives a third-party offer to purchase either the Premises that Landlord desires to accept, Landlord shall notify Tenant in writing of the terms of the third-party offer for the purchase of the Premises, including, without limitation, the purchase p▇▇▇▇, ▇▇▇▇▇▇▇ money deposit and closing date (the “ROFR Purchase Terms”), and shall include a copy of the applicable letter of intent or offer accepted by Landlord. Tenant will have the right to elect to purchase the Premises on the ROFR Purchase Terms by delivering to Landlord notice of its election to exercise this option within 15 business days after Tenant’s receipt of Landlord’s notice of the ROFR Purchase Terms. If Tenant fails to timely exercise the ROFR Right for the Premises on the terms specified in the ROFR Purchase Terms, Tenant’s ROFR Purchase Right on the Premises shall automatically expire for that particular offer, and Landlord shall have the right to sell the Premises to such third party on the ROFR Purchase Term and without any restrictions by reason of this ROFR Right, except as expressly set forth in Section 19.5 below.