Examples of Bona Fide Offer in a sentence
Without limiting the preceding section, the Owner will not Dispose of the Property other than to the Municipality or to an Outside Offeror pursuant to a Bona Fide Offer.
If the Owner receives a Bona Fide Offer to purchase the Property which the Owner is willing to accept, then the Owner must offer to sell the Property to the Municipality on the terms that are set out in Part V of this Agreement, by giving to the Municipality a notice in writing (the "Notice") attached to a copy of the Bona Fide Offer.
The Municipality will have the exclusive right for 14 Business Days (the "Election Period") from the date on which the Municipality receives from the Owner the Notice and a copy of the Bona Fide Offer within which to notify the Owner that the Municipality is exercising the RFR and the Municipality has elected to purchase the Property on the terms set out in Part V of this Agreement.