Examples of First Refusal Offer in a sentence
The Five day period commences when the First Refusal Offer and the Evidence have both been delivered to the Grantee.
If Offerees do not accept the Right of First Refusal Offer as to all the Offered Interest during the Offer Period, the Right of First Refusal Offer shall be deemed to be rejected in its entirety.
The Seller and all Accepting Offerees shall execute such documents and instruments as may be necessary or appropriate to effect the sale of the Offered Interest pursuant to the terms of the Right of First Refusal Offer and this Exhibit B.
In the event Accepting Offerees so accept the Right of First Refusal Offer with respect to more than the Remaining Offered Interest, then the Remaining Offered Interest shall be allocated among such Accepting Offerees in proportion to their Percentage Interests (provided that no Accepting Offeree shall be allocated more of the Remaining Offered Interest than such Accepting Offeree indicated it would accept in its Subsequent Acceptance Notice).
If the Grantee advises the Grantor that the Grantee elects to acquire the Partnership Interest offered, then the transaction shall close in accordance with the terms of the First Refusal Offer.