ROFO Conditions definition

ROFO Conditions means (i) the Lease and the Fan Pier Lease are still in full force and effect; (ii) there then exists no Event of Default hereunder or under the Fan Pier Lease, (iii) Vertex Pharmaceuticals Incorporated or any Successor Entity or Related Entity holds Tenant’s interest under the Lease and the Northern Avenue Lease; and (iv) not more than twenty-five percent (25%) of the Premises or the premises demised by the Northern Avenue Lease are subject to one or more subleases (other than to a Related Entity [***]).
ROFO Conditions as defined in Section 35.1(a).
ROFO Conditions has the meaning set out in clause 16.1(B)(ii) (ROFO);

Examples of ROFO Conditions in a sentence

  • So long as the ROFO Conditions shall prevail, then if Landlord intends to solicit offers, or to accept an unsolicited offer, to purchase its fee interest in the Property, Landlord first shall offer to sell the Property to Tenant at a price to be identified by Landlord in such offer.

  • In any case where Tenant has no right to exercise its Right of First Offer (that is, during the last three (3) years of the Term of the Lease if Tenant does not have the ability to exercise its Extension Option, or if the ROFO Conditions are not met), Landlord shall not be obligated to deliver Landlord’s Notice to Tenant.

  • The first time that any portion of the Option Space becomes available for lease, provided that Tenant has satisfied the ROFO Conditions, Landlord shall notify Tenant in writing of the existence of the availability of the Option Space which is then available (“Landlord’s Offer Notice”) and the then Prevailing Market Rate (as defined in Section 9 of the Third Amendment to Lease) for the Option Space.

  • Collection and solicitors fees are to be borne by the Client for recovery of equipment and monies.

  • In any case where Tenant has no right to exercise its Right of First Offer (that is, during the last three (3) years of the Term of the Lease if Tenant does not have the ability to exercise said extension option, or if the ROFO Conditions are not met), Landlord shall not be obligated to deliver Landlord’s ROFO Notice to Tenant.

  • We document a large 60 percent overall drop in the number of newly issued cards by the end of April, as indicated by the dashed black line.

  • The first time that any portion of the Option Space becomes available for lease, provided that Tenant has satisfied the ROFO Conditions, Landlord shall notify Tenant in writing of the existence of the availability of the Option Space which is then available (“Landlord’s Offer Notice”) and the then Prevailing Market Rate (as defined in Section 9) for the Option Space.


More Definitions of ROFO Conditions

ROFO Conditions means that (I) as of the date of the ROFO Acceptance Notice, (x) the named Tenant and/or any Successor Entity (including Tenant Affiliates) are in occupancy of not less than 80% of the Office Premises (and the Tenant is not then seeking to enter into any sublease(s) and/or assignment, which, if consummated after the date of the ROFO Acceptance Notice, would bring such occupancy level below 80%), (y) the Tenant is not in monetary default or material non-monetary default, in either case beyond applicable notice and cure periods under the terms of this Lease and is not insolvent and (II) the leasing of the Accepted ROFO Space by the Tenant will not violate the Leasing Restrictions.
ROFO Conditions shall be deemed to be satisfied if: (1) as of both the date that Landlord would be required to give Tenant an Offer, as hereinafter defined, and as of the commencement of the term of the Lease with respect to such ROFO Premises: (x) this Lease is in full force and effect, (y) there exists no uncured Event of Default by Tenant, and (z) Tango Therapeutics, Inc., itself, together with any Permitted Transferee, as defined in Section 12.4, are occupying at least sixty percent (60%) of the rentable area of the Premises then demised to Tenant, and (2) as of the date on which such ROFO Premises are expected to be delivered to Tenant, there remain at least eighteen (18) months left in the Term (it being understood and agreed that Tenant shall have the right to elect to unconditionally exercise its option to extend the Term pursuant to Section 3.4, if any such right remains in force, if necessary to meet this ROFO Condition (provided that the determination of the Extension Term Fixed Rent shall occur as if Tenant provided its Extension Notice eighteen (18) months prior to the expiration of the then-current term).
ROFO Conditions means the following conditions are satisfied in full both as of the date of Landlord’s Offer Notice, and on the commencement date of this Lease as to the applicable Offer Space (as hereinafter defined): (1) this Lease is in full force and effect, (2) no Event of Default of Tenant shall have occurred and be continuing and there shall not have been more than two monetary or material non-monetary Event of Defaults of Tenant under this Lease (even if subsequently cured by Tenant), and (3) the Original Tenant shall be in occupancy of the entire Premises and Tenant has not assigned this Lease or sublet any portion of the Premises, exclusive of transfers permitted without consent pursuant to Section 6.1(b) (provided that the foregoing requirements of clauses (2) and (3) of this sentence may be waived by Landlord in its sole discretion, at any time).
ROFO Conditions means (i) the Lease and the Fan Pier Lease are still in full force and effect; (ii) there then exists no Event of Default hereunder or under the Fan Pier Lease, (iii) Vertex Pharmaceuticals Incorporated or any Successor Entity or Related Entity holds Tenant’s interest under the Lease and the Fan Pier Lease; and (iv) not more than twenty-five percent (25%) of the Premises or the premises demised by the Fan Pier Lease are subject to one or more subleases (other than to a Related Entity [***]).

Related to ROFO Conditions

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).

  • Review Conditions means (i) the Delinquency Percentage for any Payment Date exceeds the Delinquency Trigger for that Payment Date and (ii) the Noteholders or Note Owners, as applicable, have voted, pursuant to Section 2.03(d) of the Receivables Purchase Agreement, to direct an Asset Representations Review of the Subject Receivables.

  • Normal Operating Conditions means those Service conditions which are within the control of Grantee. Those conditions which are not within the control of Grantee include, but are not limited to, natural disasters, civil disturbances, power outages, telephone network outages, and severe or unusual weather conditions. Those conditions which are ordinarily within the control of Grantee include, but are not limited to, special promotions, pay-per-view events, rate increases, regular peak or seasonal demand periods, and maintenance or upgrade of the Cable System.

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

  • Extension Conditions Defined in Section 3.06(a).

  • Litigation Conditions has the meaning set forth in Section 11.3.

  • Specific Conditions means the conditions in addition or in variation to the general conditions which the Commission may lay down specifically for a distribution licensee;

  • Offer Conditions has the meaning set forth in Section 1.01(b).

  • Minimum Condition has the meaning set forth in Annex I.

  • Closing Conditions shall include, but are not limited to, SI Securities determining in its sole discretion that at the time of a closing, the Minimum Offering has been met, the investment remains suitable for investors, investors have successfully passed ID, KYC, AML, OFAC, and suitability screening, and that Issuer has completed all actions required by it as communicated by SI Securities at the time of a closing.

  • Payment Conditions means, at the time of determination with respect to a proposed payment to fund a Specified Transaction, that:

  • Product Conditions means these product terms and conditions. These Product Conditions apply to each series of cash settled Warrants over single equities;

  • Unsafe condition as used in this clause means the actual or potential exposure of contractor or Government employees to a hazardous material as defined in Federal Standard No. 313, and any revisions thereto during the term of this contract, or any other material or working condition designated by the Contracting Officer's Technical Representative (COTR) as potentially hazardous and requiring safety controls.

  • Specified Conditions means, at any time of determination thereof, (a) no Incremental Term Loans in the form of an institutional term loan B facility have been issued and are outstanding pursuant to Section 2.20 of the Credit Agreement and (b) (i) the Company’s “corporate credit rating” from S&P (or such other term as S&P may from time to time use to describe the Company’s senior unsecured non-credit enhanced long term indebtedness, such rating, the “S&P Rating”) shall be at least BBB- (with a stable outlook) and the Company’s “corporate family rating” from Xxxxx’x (or such other term as Xxxxx’x may from time to time use to describe the Company’s senior unsecured non-credit enhanced long term indebtedness, such rating, the “Xxxxx’x Rating”) shall be at least Baa3 (with a stable outlook) or (ii) (x) the Company’s S&P Rating shall be at least BBB- (with a stable outlook) or the Company’s Xxxxx’x Rating shall be at least Baa3 (with a stable outlook) and (y) the Leverage Ratio is less than or equal to 2.50 to 1.00.

  • Associated Conditions means the symptoms or side effects associated with Stage-Four Advanced, Metastatic Cancer or its treatment and which, in the judgment of the health care practitioner, further jeopardize the health of a patient if left untreated.

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • Conditions means these terms and conditions;

  • Additional Conditions means the terms and conditions set out in the Offer Document.

  • Release Conditions mean the following conditions: (i) Company has received the Executive’s executed Release and (ii) any rescission period applicable to the Executive’s executed Release has expired.

  • Redemption Conditions means, with respect to any payment of cash in respect of the principal amount of any Permitted Convertible Debt, satisfaction of each of the following events: (a) no Default or Event of Default shall exist or result therefrom, and (b) both immediately before and at all times after such redemption, Borrower’s Qualified Cash shall be no less than the sum of 150% of the outstanding Secured Obligations plus the Qualified Cash A/P Amount.

  • Minimum Extension Condition has the meaning specified in Section 2.15(b).

  • Minimum Tender Condition shall have the meaning provided in Section 2.15(b).

  • Regulatory Conditions means the conditions set out in paragraphs 3.3 to 3.5 (inclusive) of Part A of Appendix I to the Announcement;

  • Acute condition means that the individual is medically unstable. Such an individual requires frequent monitoring by medical professionals, such as physicians and registered nurses, in order to maintain his or her health status.

  • Payment Condition shall be deemed to be satisfied in connection with a Restricted Payment, Restricted Debt Payment, investment or Permitted Acquisition if:

  • Special Conditions means Special Conditions of Contract, which override the General Conditions, also referred to as SCC.