Examples of Right of First Offer in a sentence
Right of First Offer i.e. ROFO will be used for intra and 10 inter sector harvest share transfers.
Tenant’s Right of First Offer is subject to a binding Charter Agreement between KairosPDX and PPS being in place at the time Landlord offers the Property for sale and at the closing of any purchase of the property by Tenant.
The Developer may offer the Undeveloped Phase 2 Property on the open market but will provide the City a recordable Right of First Offer, in a form approved by the City Attorney.
Under the Right of First Offer, the City will have the right to acquire the Undeveloped Phase 2 Property at the its fair market value, as determined by an independent appraisal conducted by an MAI appraiser acceptable to both the City and the Developer.
If the Department informs the Participating County of the Department’s intention to acquire the Site within said fifteen (15) month period, the Parties agree to negotiate a purchase agreement in good faith and at a price that is the fair market value of the Site at the time the Department exercises its Right of First Offer.