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 is defined in Section 11.5.
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Examples of ROFO Election in a sentence

  • 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).

  • 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.

  • 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”).

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

  • 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.

  • If Optionee’s ROFO Election Notice is responsive to Third Party Terms and the terms set forth therein are equal to, or more favorable than the Third Party Terms, Optionor must accept Optionee’s ROFO Election Notice.

  • Optionee shall have fifteen (15) days after receipt of a Right of First Offer Notice from Optionor (an “Optionee Election Date”) to deliver a written notice to Optionor of its election to acquire the Subject Property (a “Optionee’s ROFO Election Notice”) for units of limited partnership of Optionee (“OP Units”) with a “Market Value” (as defined below) equal to the purchase price set forth in Optionee’s Election Notice or, if mutually agreed upon by the Optionee and Optionor, cash.

  • 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.

  • At any time within the 45 day period (the “Asset ROFO Response Period”) commencing on the day the Blackstone Member sends the Asset ROFO Notice to the Glimcher Member, the Glimcher Member shall have the right to deliver written notice to the Blackstone Member either (A) electing to purchase the Offered Assets for the Asset ROFO Purchase Price (an “Asset ROFO Election Notice”), or (B) rejecting the offer contained in the Asset ROFO Notice (an “Asset ROFO Rejection Notice”).

  • If the Asset ROFO Notice covers both Properties (or both Property Owners), then the Glimcher Member’s Asset ROFO Election Notice must cover both Properties (or Property Owners).


More Definitions of ROFO Election

ROFO Election has the meaning set forth in Section 2.07(b) hereof.
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ROFO Election. As defined in Section 10.2(a)(i).
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ROFO Election. As described in Section 6.14. ROFO Property. As described in Section 6.14.
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ROFO Election defined in Lease Section 27.2.2.
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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 Distribution Reinvestment Plan.

  • 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:

  • 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 is defined in Section 6.2(a).

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

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

  • Safe Harbor Election has the meaning set forth in Section 10.2(d).

  • Deferral Notice has the meaning set forth in Section 3(i) hereof.