Examples of Proposed Sale Terms in a sentence
Tenant shall have a period of thirty (30) days from Tenant’s receipt of a Notice of Marketing to notify Landlord of its decision to purchase or not purchase the Property upon the Proposed Sale Terms set forth in the Notice of Marketing.
If Landlord either receives a notice from Tenant that Tenant does not desire to purchase the Property or Landlord fails to receive any notice from Tenant within the applicable time period, then Landlord shall have the right to proceed to sell the Property to any third party upon the Proposed Sale Terms set forth in the immediately prior Notice of Marketing, and this process shall continue throughout the Term.
Tenant shall have a fifteen (15) day period from Tenant’s receipt of the second Notice of Marketing to notify Seller of its decision to purchase or not purchase the Property upon the Proposed Sale Terms set forth in the second Notice of Marketing.
If for any reason Landlord fails to sell the Property within eighteen (18) months of the date Landlord first gives notice to Tenant pursuant to this Section 33.1.1, or if Landlord determines to sell the Property upon terms that are less favorable than the Proposed Sale Terms set forth in the Notice of Marketing, then Landlord must reoffer the Property to Tenant by delivering a second Notice of Marketing setting forth the revised Proposed Sale Terms.
If Landlord either receives a notice from Tenant that Tenant does not desire to purchase the Property or Landlord fails to receive any notice from Tenant within said thirty (30) day period, then Landlord shall have the right to proceed to sell the Property to any third party for terms no less favorable to Landlord than the Proposed Sale Terms.
If the aforesaid option is not timely exercised by Tenant, then Landlord shall be free to make a sale of the Premises or other transaction on the open market to an outside party, provided that such sale or other transaction shall be made at a price and upon terms and conditions not materially less favorable to Landlord than those set out in the Proposed Sale Terms.
If Tenant timely exercises its option, settlement shall be consummated within ninety (90) days after the expiration of said initial ninety (90) day period in strict accordance with the Proposed Sale Terms.
If for any reason Landlord fails to sell the Property within eighteen (18) months of the date Landlord first gives notice to Tenant pursuant to this Section 35, or if Landlord determines to sell the Property upon terms that are deemed less favorable, in Landlord's reasonable estimation, than the Proposed Sale Terms set forth in the Notice of Marketing, then Landlord must reoffer the Property to Tenant by delivering a second Notice of Marketing setting forth the same or revised Proposed Sale Terms.
General Restrictions on Transfers; Involuntary Transfers; Drag-Along Rights 5 4.1 Transfer of Company Securities 5 4.2 Involuntary Transfers 5 4.3 Drag-Along Right 6 4.4 Tag-Along Rights 7 4.5 Proposed Sale Terms 7 4.6 Restrictions on Sales of Control of the Company 8 5.
If Landlord either receives a notice from Tenant that Tenant does not desire to purchase the Property or Landlord fails to receive any notice from Tenant within said twenty (20) day period, then Landlord shall have the right to proceed to sell the Property to any third party for terms no less favorable to Landlord, in Landlord's reasonable estimation, than the Proposed Sale Terms.