Right of First Offer to Purchase definition

Right of First Offer to Purchase set forth in Section 13 of the Fourth Amendment to Lease is agreed to be void and without any further force or effect.
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Right of First Offer to Purchase shall have the meaning set forth in Section 34.1 below.
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Right of First Offer to Purchase. Tenant shall exercise such right, if at all, within thirty (30) Business Days after receipt of the aforesaid notice from Landlord. Should Tenant fail to exercise this right, Landlord shall, upon the expiration of such thirty (30) day period and subject to the right of Tenant to reject the purchaser or transferee and purchase the Project (or the applicable portion thereof) as provided in subsection (a) above and subsection (c) below, be thereafter free for a period of twelve (12) months to consummate a sale or transfer of Landlord’s interest in the Project (or applicable portion thereof), subject to this Lease, to any party or for any purchase price and upon any terms, so long as (i) such purchase price shall be equal to or more than the purchase price set forth in Landlord’s notice, (ii) such purchase price is paid in full at closing if Landlord’s notice specified that the purchase price must be paid in full at closing, and (iii) if Landlord’s notice specified that the payment of the purchase price may be deferred, the terms for such deferred payment of the purchase price are no less favorable to Landlord than those set forth in Landlord’s notice. To the extent this Section 36.13 is applicable, Landlord shall not consummate a sale or transfer of Landlord’s interest in the Project or any portion thereof which does not comply with the conditions set forth in this subsection (b). If any sale or transfer is not consummated by Landlord within such twelve (12) month period after following the procedure set forth in this subsection (b), the Right of First Offer to Purchase granted to Tenant herein shall remain in effect. If Landlord shall sell or transfer such interest in the Project (or applicable portion thereof) after a failure by Tenant to exercise its rights hereunder, such new owner and landlord shall be automatically subject to the terms of this Right of First Offer to Purchase set forth in this Section 36.13 for any subsequent sale of the Project.
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Examples of Right of First Offer to Purchase in a sentence

  • If Landlord intends to sell the Property during the Lease Term, and provided no Event of Default then exists, Tenant shall have a right of first offer to purchase the Property ("Tenant's Right of First Offer to Purchase") on the terms and conditions at which Landlord proposes to sell the Property to a third party.

  • If Landlord intends to sell the Property during the Lease Term, and provided no Event of Default then exists, Tenant shall have a right of first offer to purchase the Property ("Tenant's Right of First Offer to Purchase") on the terms and conditions at which Xxxxxxxx proposes to sell the Property to a third party.

  • If Tenant properly exercises its Right of First Offer to Purchase the Woodland Buildings, then within thirty (30) days of Tenant notifying Landlord of its agreement to purchase the Woodland Buildings pursuant to this Section or such additional time as agreed by Landlord and Tenant in writing, Landlord and Tenant shall enter into a purchase agreement containing the terms and conditions set forth in Landlord’s Notice and such other mutually agreed upon terms and conditions.

  • Upon receipt of Landlord's Notice, Tenant shall have the option to purchase the Woodland Buildings at the purchase price and Landlord shall provide Tenant with pertinent information regarding the operation of the Building ("Information") and upon such other terms and conditions as are set forth in Landlord's Notice ("Right of First Offer to Purchase Woodland Buildings").

  • Tenant acknowledges and agrees that this Right of First Offer to Purchase Woodland Buildings is personal in nature to Interactive Intelligence Group, Inc.

  • If Tenant fails to notify Landlord by the deadline set forth above, Tenant shall be deemed to have waived Tenant's option to purchase for the remainder of the term of the Lease and any extensions thereof except Tenant shall have a Right of First Offer to Purchase the Woodland Buildings as set forth in Section 16.15 below.

  • In the event that any building(s) are constructed pursuant to Tenant's exercise of its option under Sections 16.16, 16.17, 16.18 or 16.20 of this Lease, then Tenant's Right of First Offer to Purchase the Building as set forth in this Section 16.15 shall apply to each building so constructed (i.e., Phase I Building, Phase II Building and Phase II Building).

  • Notwithstanding the foregoing, to the extent that the Right of First Offer to Purchase is available for exercise and must be exercised (to avoid the lapse of such right) prior to expiration of the Sublease Term, Sublessee will consult and cooperate with Sublessor in the event Sublessee elects not to exercise the Right of First Offer to Purchase, including providing notice thereof to Master Landlord, so that Sublessor may have an opportunity to do so prior to lapse of same.

  • After 270 days Lessee's Right of First Offer to Purchase shall again be in effect for the Premises or portion thereof.

  • Notwithstanding the above, Lessee's Right of First Offer to Purchase herein shall be null and void if the sale of Premises involves Lessor's entire portfolio or a portion thereof exceeding 900,000 sq.ft..


More Definitions of Right of First Offer to Purchase

Right of First Offer to Purchase. Tenant shall also have a right of first offer to purchase the entire Park, as more particularly set forth in Article XXIII. Broker: Xxxxxxxx Xxxx Company (formerly Fallon, Xxxxx & X'Xxxxxx).
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Related to Right of First Offer to Purchase

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

  • Right of First Refusal means the Company’s right of first refusal described in Section 8.

  • Right of First Refusal Agreement means the Right of First Refusal Agreement, dated as of August 4, 2017, among the Partnership, the Operating Partnership and NextEra Energy Resources, LLC.

  • Right of First Refusal and Co-Sale Agreement means the agreement among the Company, the Purchasers, and certain other stockholders of the Company, dated as of the date of the Initial Closing, in the form of Exhibit G attached to this Agreement.

  • Repurchase Offer shall have the meaning specified in Section 11.1(b).

  • First Offer has the meaning set forth in Section 3.9(e)(1) or Section 11.1(b)(i), as applicable.

  • First Refusal Right means the right granted to the Corporation in accordance with Article E.

  • Offer to Purchase means an offer to purchase Notes by the Company from the Holders commenced by mailing a notice to the Trustee and each Holder stating:

  • First Offer Period has the meaning set forth in Section 13.5.

  • Right of Repurchase means the Company’s right of repurchase described in Section 7.

  • Repurchase Right means the right granted to the Corporation in accordance with Article D.

  • Purchase Offer shall have the meaning assigned to such term in Section 2.25(a).

  • Micro-purchase means a purchase of supplies or services, the aggregate amount of which does not exceed the micro-purchase threshold. Micro-purchases comprise a subset of a district's small purchases as defined in 2 C.F.R. 200.320.

  • First Offer Notice shall have the meaning set forth in Section 14.4(a).

  • Option to Purchase has the meaning set forth in Section 13.1.

  • Initial Offer Period means the period determined by the Directors during which Shares of any class are offered by the ICAV for purchase or subscription at the Initial Price.

  • Public purchase means a purchase by means of competitive bids of goods, services, or materials by the State or any of its political subdivisions or public agencies on whose behalf the Attorney General may bring an action pursuant to subdivision (c) of Section 16750 of the Business and Professions Code.

  • Repurchase Option has the meaning set forth in Section 1.3(a) hereto.

  • Stock Purchase Right means a right to purchase Common Stock pursuant to Section 11 below.

  • Right of Co-Sale means the right, but not an obligation, of an Investor to participate in a Proposed Key Holder Transfer on the terms and conditions specified in the Proposed Transfer Notice.

  • Existing Transfer Restrictions means Transfer Restrictions existing with respect to any securities by virtue of the fact that Counterparty may be an “affiliate” of the Issuer (as such term is defined in Rule 144 under the Securities Act).

  • Transfer Restriction Event shall have the meaning specified in Section 2.11.

  • Repurchase As defined in Section 2.03(a) of this Agreement.

  • Transfer Restrictions means restrictions that prohibit the sale, exchange, transfer, assignment, pledge, hypothecation, fractionalization, hedge or other disposal (including through the use of any cash-settled instrument), whether voluntarily or involuntarily by the Grantee, of an Award or any shares of Common Stock, cash or other property delivered in respect of an Award.

  • Transfer Restricted Note means any Note that bears or is required to bear the Restricted Notes Legend.

  • Transfer Restricted Securities means Securities that bear or are required to bear the legend set forth in Section 2.3(b) hereto.