Bona Fide Offer definition
Examples of Bona Fide Offer in a sentence
Subject to Section 5.03 above, prior to accepting any Bona Fide Offer to purchase the Property, Borrower shall notify County Board of such Bona Fide Offer and deliver a copy thereof (“Notice of Bona Fide Offer”).
The County Board may exercise its Phase II Refusal Right by giving a notice of intent to exercise its Phase II Refusal Right (the “Phase II Refusal Right Notice of Intent”) within ninety (90) days after County Board has received the Borrower’s Notice of Bona Fide Offer.
The County Board may exercise its Phase I Refusal Right and/or its Phase III Refusal Right by first giving a notice of preliminary intent to exercise its applicable Phase I or Phase III Refusal Right, subject to the fair market value price of the Property, (the “Preliminary RR Notice of Intent”) within ninety (90) days after County Board has received the Borrower’s Notice of Bona Fide Offer.