Reoffer Notice definition
Examples of Reoffer Notice in a sentence
If a Reoffer Acceptance is not provided within such thirty (30) day period, MDLP may proceed with the transaction as set forth within the Reoffer Notice.
The Non-Participating Party shall have thirty (30) days after the receipt of a Successful Bid Reoffer Notice to provide a written notice to the Successful Bid Party, of their election (a “Successful Bid Reoffer Participation Notice”) to participate in the transaction that is the subject of the written agreement with the NJSEA on the terms set forth in the Successful Bid Reoffer Notice.
The MC Partners shall have the right, to be exercised by written notice (a “Reoffer Acceptance Notice”) to MDLP not later than thirty (30) days after the MC Partners’ receipt of the Reoffer Notice, to Take Down the Office/Hotel Component utilizing an Office/Hotel Value equal to the purchase price set forth in the Reoffer Notice.
If Tenant exercises its right to accept the terms of such Landlord’s Reoffer Notice, such purchase shall proceed in the manner provided in paragraph 29.
If Tenant rejects the terms of such Landlord’s Reoffer Notice, Landlord shall be free to proceed with selling the Premises or any Site (as applicable) to such Person pursuant to the terms and conditions of its offer.
If the Non-Participating Party shall fail to provide a Successful Bid Reoffer Notice within the thirty (30) day period described in Section 6.1.2.2.1(c)(i) hereof, the Non-Participating Party shall be deemed to have elected not to so participate and the Successful Bid Party shall be permitted to enter into the written agreement with the NJSEA without the involvement of MDLP (if MDLP is the Non-Participating Party) or the Non-Participating Party.
Each Stockholder will have 20 days from receipt of the Reoffer Notice to exercise its purchase rights under this Section 4.1 by written notice to the Selling Stockholder and to the Company.
Within 10 calendar days of receipt of Landlord’s Reoffer Notice, Tenant shall affirmatively accept or reject the right to match such offer.
The Buyer shall then have the irrevocable and exclusive option to submit a second offer for the Offered Assets by notifying the Seller in writing of the terms upon which the Buyer proposes to purchase the Offered Assets (the “Reoffer Terms”) within 15 Business Days from the date of the Reoffer Notice, provided that, for the avoidance of doubt, the Reoffer Terms may be the First Offer Terms.
If the Tenant does not give written notice accepting the Landlord's Reoffer Notice in a timely manner, the Tenant shall be deemed to have waived its right to lease the Vacated Space, and the Landlord may therefore then lease the Vacated Space to any third party on such terms as the Landlord in its sole discretion may determine, free of all rights of the Tenant hereunder.