Examples of ROFO Closing in a sentence
If the closing of the ROFO Acceptance does not occur on the ROFO Closing Date for any reason except where such failure is caused by the ROFO Seller, then the ROFO Seller shall be free to sell the Subject Units without further complying with this Section 2.03; provided, however, that such sale is consummated within 45 days after the Proposed Pricing Date.
If required by AIR, all contracts and agreements between DevCo and any of its Affiliates in respect of the ROFO Property shall be terminated effective as of the ROFO Closing Date.
The closing shall take place on the date set forth in the ROFO Notice (or on such earlier date as the Parties may mutually agree) (the “ROFO Closing Date”) and shall be completed through a customary closing escrow or held at the principal office of DevCo or such other location as the Parties shall agree upon at least five (5) Business Days prior to the ROFO Closing Date.
Any risk of casualty, condemnation or loss following the date that the Acceptance Notice is delivered to DevCo and prior to the ROFO Closing Date shall be borne by AIR, who shall succeed to all rights to insurance proceeds (other than loss of rent proceeds allocable to any period prior to the ROFO Closing Date) or condemnation awards.
DevCo shall pay or cause to be paid (i) all delinquent real estate taxes as of the date of the applicable ROFO/Stabilized ROFO Closing and (ii) so much of the Current Year Taxes as shall be allocable to DevCo (or its applicable Affiliate) by proration (based upon the number of days in such calendar year prior to the date of the applicable ROFO/Stabilized ROFO Closing).
The date upon which the closing of the purchase of the Applicable Interest shall occur shall be called the "ROFO Closing Date".
At the ROFO Closing, the Selling Founder and the Offeree Founder shall execute such additional documents as the Offeree Founder reasonably requests in connection with such Transfer.
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At the ROFO Closing, the Selling Shareholder shall deliver such documents as required by the Offeree to transfer the legal and beneficial interests in the Sale Shares purchased by the Offeree from the Selling Shareholder to the Offeree and/or the Offeree’s designated Affiliates, including depositing the Sale Shares into an account of the relevant CCASS participant in accordance with the Offeree’s directions, if applicable.
At the ROFO Closing, all of the parties to the transaction shall execute such additional documents as are otherwise necessary or appropriate to give effect to such sale or transfer.