ROFO Holders definition
Examples of ROFO Holders in a sentence
No later than five (5) Business Days following the expiration of the ROFO Exercise Period, the Partnership shall notify each ROFO Holder in writing of the Common Interests or Securities that the ROFO Holders have agreed to purchase (including where such number is zero).
If the Company does not enter into an agreement for the sale of the Refused Securities within such period, or if such agreement is not consummated within thirty (30) days of the execution thereof, the right provided hereunder shall be deemed to be revived and such New Securities shall not be offered unless first reoffered to the ROFO Holders in accordance with this Section 4.1.
The ROFO Notice shall constitute the Transferring Member’s offer to Transfer the offered Units to the ROFO Holders on the terms specified therein and such offer shall be irrevocable until the expiration of the Member ROFO Acceptance Period.
If a proposed issuance of Equity Securities is not consummated within the ninety (90) day period established herein, the right of first offer provided hereunder shall be deemed to be revived and such Equity Securities shall not be offered, sold or otherwise transferred unless first reoffered to the ROFO Holders in accordance with this Section 7.04.
The right of the ROFO Holders to purchase any Ordinary Shares pursuant to Section 1.2(a) through (b) above shall terminate upon (i) the consummation of an Exit Event or (ii) the consummation of a Sale Transaction.
If the Company does not enter into an agreement for the sale of the New Securities within such period, or if such agreement is not consummated within thirty (30) days of the execution thereof, the right provided hereunder shall be deemed to be revived and such New Securities shall not be offered unless first reoffered to the ROFO Holders in accordance with this Section 2.5.
In the event that not all of the ROFO Holders elect to purchase all of their pro rata amount of the ROFO Shares, then the Company shall promptly give written notice (the “ROFO Overallotment Notice”) to each of the ROFO Holders who have fully exercised their Right of First Offer, which shall set forth the number of ROFO Shares not purchased by the other ROFO Holders and available for purchase, and shall offer such fully exercising ROFO Holders the right to acquire such unsubscribed shares.
Except for the Existing ROFOs held by the Existing ROFO Holders, no other tenant at the Project currently holds preferential rights with respect to the ROFR Space.
Tenant’s ROFR, and the provisions of this Section 29.33, shall be subordinate and subject in all respect to the Existing ROFO’s held by the Existing ROFO Holders.
Any issuance of Equity Securities to any purchaser or other transferee thereof shall be on the same terms or on terms no more favorable to the purchaser or other transferee than the terms offered to the ROFO Holders.