Right of First Offer definition

Right of First Offer has the meaning set forth in Section 8.7.

Right of First Offer shall have the meaning set forth in Section 13.1 hereof.

Right of First Offer has the meaning set forth in Section 3.3(c).

Examples of Right of First Offer in a sentence

• Notwithstanding anything contained anywhere in this Agreement, subject to Clause 4.1.9 (Transfer of Securities), on and from the occurrence of an Exit Default, the Blackstone Group and Panchshil Group shall be entitled to Transfer up to all of the Securities held by each of them to any Person subject to compliance with Clause 4 (Transfer of Securities) (including Clause 4.1.7), Clause 7.3 (Right of First Offer), Clause 7.4 (Tag Along Right) and Clause 7.5 (Control Drag Along).

• Similarly, if Panchshil Group is the ROFO Offered Party and elects to exercise the Right of First Offer, it may purchase the ROFO Securities in such inter-se proportion as may be mutually agreed amongst them, failing such agreement, they may purchase the same pro-rated to their inter- se shareholding in the Company on a Fully Diluted Basis.

• If no Transfer of the ROFO Securities is consummated by the ROFO Transferor within the period set forth in the immediately preceding sentence, then the ROFO Securities shall again be subject to the Right of First Offer set forth in this Clause 7.3.

More Definitions of Right of First Offer

Right of First Offer shall have the meaning specified in Section 4.1.

Right of First Offer provided for in this Clause 17 shall be subject to any "Tag Along Right" benefiting a Stockholder which may be provided for by Clause 17, subject to the exceptions set forth therein. Upon receipt of the Notice of Intention, the Stockholders who are not the Selling Stockholder shall have the right to purchase at the Offer Price the Offered Shares, exercisable by the delivery of notice to the Selling Stockholder (the "NOTICE OF EXERCISE"), with a copy to Newco, within 10 business days from the date of receipt of the Notice of Intention. If no such Notice of Exercise has been delivered by the Stockholders who are not the Selling Stockholder within such 10-business day period, or such Notice of Exercise does not relate to all of the Offered Shares covered by the Notice of Intention, then the Selling Stockholder shall be entitled to Transfer all of the Offered Shares to the intended transferee. In the event that all of the Offered Shares are not purchased by the non-selling Stockholders, the Selling Stockholder shall sell the available Offered Shares within 30 days after the delivery of such Notice of Intention on terms no more favorable to a third party than those presented to the non-selling Stockholders. If such sale does not occur, the Offered Shares shall again be subject to the Right of First Offer set forth in Clause 17.2. In the event that any of the Stockholders who are not the Selling Stockholder exercises their right to purchase all of the Offered Shares (in accordance with this Clause 17), then the Selling Stockholder shall sell all of the Offered Shares to such Stockholder(s), in the amounts set forth in the Notice of Intention, after not less than 10 business days and not more than 25 business days from the date of the delivery of the Notice of Exercise. In the event that more than one of the Stockholders who are not the Selling Stockholders wish to purchase the Offered Shares, the Offered Shares shall be allocated to such Stockholders on the basis of their pro rata equity interests in Newco.

Right of First Offer has the meaning ascribed to such term in Section 4(c)(ii).

Right of First Offer has the meaning assigned to it in Section 14.1(f).

Right of First Offer is defined in Section 4(a)(iv).

Right of First Offer has the meaning given to such term in Section 13 of this Ground Lease.

Right of First Offer shall collectively mean any right of first refusal or right of first offer with respect to the Property that has been granted to a third party, including the Tenant.