Examples of ROFO Exercise Notice in a sentence
The ROFO Exercise Notice will contain (a) a binding offer, which remains open for the time periods specified in Article 211.2.4, to purchase all of the ROFO Shares and (b) the price at which the Promoter Group is desirous of purchasing all (but not less than all) of the ROFO Shares ("ROFO Sale Price") and without any other terms and conditions.
If the Promoter Group is desirous of exercising its Right of First Offer and purchasing all (but not less than all) of the ROFO Shares, it must within 15 (fifteen) Business Days of receiving the ROFO Sale Notice ( "ROFO Exercise Period"), notify the Investor in writing that it wishes to exercise its Right of First Offer ("ROFO Exercise Notice").
For a period of 15 (fifteen) Business Days from the date of receipt of the ROFO Exercise Notice (the "ROFO Offer Period"), the Investor will have the right, by notifying the Promoter Group in writing, to accept the Promoter Group's offer to purchase the ROFO Shares at the ROFO Sale Price ("ROFO Acceptance Notice").
In the event the New Investor does not issue the ROFO Exercise Notice within the ROFO Period, the Existing Investor and/or the Series B1 Investor shall be free to sell, all but not less than all of, the ROFO Shares to the Purchaser at any price acceptable to the Existing Investor and/or the Series B1 Investor.
Developed countries such as the US have often linked concessions under Mode 4 to greater market access under Mode 3.
The Purchaser ROFO Exercise Notice shall be binding upon delivery and irrevocable by the Purchaser.
They have 1700 engineers managing ~700 services according to Uber’s Chief Architect (Ranney, 2016).Lyft An Uber competitor with over 2.6 billion USD in investments according to Crunchbase.
Each Offering Shareholder shall also provide a copy of its ROFO Exercise Notice to the other Offering Shareholders.
Landlord’s obligation to send a Landlord’s Revised Offer shall only apply if Landlord rejects (or is deemed to have rejected) a Tenant’s Determination and shall not apply if Tenant delivers a Tenant’s ROFO Exercise Notice which rejects Landlord’s ROFO Notice and does not set forth a Tenant’s Determination or Tenant fails to timely deliver a Tenant’s ROFO Exercise Notice.
If an Event of Default occurs under the Lease after issuance of a ROFO Exercise Notice and prior to closing of the conveyance of the Property pursuant thereto, this Section 1 shall be voidable at Landlord’s option, exercisable upon written notice to Tenant.