ROFO Election definition

ROFO Election has the meaning set forth in Section 16.1(b).
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ROFO Election shall have the meaning set forth in Section 6(b).
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ROFO Election has the meaning set forth in Section 2.07(b) hereof.
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Examples of ROFO Election in a sentence

  • If the Recipient(s) fail to deliver a ROFO Election to the Initiator within the Election Period then the Recipient(s) shall conclusively be deemed to have elected to not purchase the Interest.

  • Further, thereafter, the Initiator shall (x) cease to have any rights to initiate a Buy-Sell pursuant to Section 9.1, (y) not under any circumstances be entitled to make a ROFO Election or ROFR Election and (z) cease to have any rights to initiate a Forced Sale pursuant to Section 9.2(a).

  • The closing of such ROFO Sale shall be held no later than sixty (60) days from the date the Recipient(s) deliver the ROFO Election (the “ROFO Closing Period”).

  • In the event that a ROFO Rightholder shall offer to purchase any or all of the Offered Notes, the ROFO Rightholder shall so notify the Selling Lender in writing, and such notice shall be irrevocable (such notice, a “ROFO Election”) and cause such ROFO Rightholder an obligation to purchase the number of Offered Notes set forth in such ROFO Election if the Selling Lender accepts such offer to purchase any or all Offered Notes pursuant to the terms of this Section 11.

  • Notwithstanding the foregoing, if any Other P&S Agreement is terminated as a result of a ROFO Election, then this Agreement shall continue to remain in full force and effect.

  • The ROFO Election shall set forth the price (the “Offer Price”) at which such ROFO Rightholder is willing to purchase any or all of the Offered Notes.

  • Each ROFO Rightholder that wishes to purchase any or all Offered Notes shall be required to deliver a ROFO Election to the Selling Lender no later than 10 days after receipt of an Offer Notice (the “ROFO Period”).

  • Any termination of any Other P&S Agreement, unless due to a ROFO Election, shall constitute a termination of this Agreement.

  • If Borrower does not timely make a ROFO Election or affirmatively waives its ROFO or if, after making a timely ROFO Election, Borrower fails to make the ROFO Prepayment within ten (10) Business Days of the ROFO Election, Lender shall be free to proceed to consummate the ROFO Transfer with respect to the Offered Interest to any Qualified Transferee including any Limited Transferee at a price not less than 97% of the ROFO Price.

  • Following the expiration of any time periods set forth in this Section 6.2(e), or if no ROFO Offer is made within the ROFO Election Period, the Transferring Holder may not Transfer any such ROFO Securities without first following the procedures set forth in this Section 6.2. Section 6.1 shall not apply to a Transfer of ROFO Securities in accordance with the procedures set forth in this Section 6.2.


More Definitions of ROFO Election

ROFO Election is defined in Section 11.5.
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ROFO Election has the meaning set forth in Section 8.11(a).
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ROFO Election. As defined in Section 10.2(a)(i).
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ROFO Election defined in Lease Section 27.2.2.
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ROFO Election. As described in Section 6.14. ROFO Property. As described in Section 6.14.
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Related to ROFO Election

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Section 336(e) Election has the meaning set forth in Section 7.06.

  • Election Notice has the meaning set forth in Section 11.01(b).

  • LCT Election has the meaning assigned to such term in Section 1.06.

  • LCA Election has the meaning specified in Section 1.09(a).

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Primary election means any regular primary election held under the election

  • Notice of Election to Purchase has the meaning assigned to such term in Section 15.1(b).

  • Election cycle means the period beginning on the first day persons are eligible to

  • Notice of Election means the one or more notices of election (in such form as the Manager may approve) which the Manager will, at its discretion, send to each Unitholder and through which each Unitholder may indicate whether they wish to participate in the DRP.

  • Election means an election by a constituency, or by a class within a constituency, to fill a vacancy among one or more posts on the council of governors;

  • Exchange Election shall have the meaning specified in Section 14.12(a).

  • Election Form means the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to make an election under the Plan.

  • Mixed Election has the meaning set forth in Section 3.01(b)(iii).

  • Election judge means a poll worker that is assigned to:

  • Mail ballot election means any election that is conducted under Title 13, chapter 19, by mailing

  • Non-Election Shares shall have the meaning set forth in Section 3.2.1.

  • Election Deadline shall have the meaning set forth in Section 3.2.3.

  • CAFA Notice refers to the notice requirements imposed by 28 U.S.C. § 1715(b).

  • by-election means an election other than a general election;

  • Qualified Election means a Participant's waiver of a Qualified Joint and Survivor Annuity or a Qualified Pre-Retirement Survivor Annuity. Any such waiver must be consented to in writing by the Participant's Spouse. The Spouse's consent must: designate a specific Beneficiary (including any class of Beneficiaries or any contingent Beneficiaries, which may not be changed without spousal consent) or expressly permits designations by the Participant without any further spousal consent; acknowledge the effect of the election; and be witnessed by a member of the Committee or a Notary Public. Additionally, a Participant's waiver of the Qualified Joint and Survivor Annuity shall not be effective unless the election designates a form of benefit payment which may not be changed without spousal consent (or the Spouse expressly permits designations by the Participant without any further spousal consent). Notwithstanding this consent requirement, if the Participant establishes to the satisfaction of a member of the Committee that there is no Spouse or the Spouse cannot be located, a waiver will be deemed a Qualified Election. Any spousal consent (or deemed spousal consent) obtained under this provision will be valid only with respect to such Spouse. A consent that permits designations by the Participant without further consent by such Spouse must acknowledge that the Spouse has the right to limit consent to a specific Beneficiary and, where applicable, a specific form of benefit, and that the Spouse voluntarily elects to relinquish either or both of such rights. A revocation of a prior waiver may be made by a Participant without the consent of the Spouse at any time before the commencement of benefits. The number of revocations shall not be limited. No consent obtained under this provision shall be valid unless the Participant has received notice as provided in paragraph (b) below.

  • ROFO Notice has the meaning given to it in Section 7.07(1).

  • PAGA Notice means Plaintiff’s September 26, 2019, letter to Xxxxxx Staffing Solution, LLC, among others, and the LWDA providing notice pursuant to Labor Code section 2699.3, subd.(a).

  • OJEU Notice means the contract notice published in the Official Journal of the European Union.

  • Election to Foreclose Any election by the Purchaser to proceed with the Commencement of Foreclosure, made in accordance with Section 2.03(a).

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.