Examples of ROFO Offer in a sentence
Any ROFO Offer Notice so delivered shall be binding upon delivery and irrevocable by the Purchaser.
Any ROFO Offer Notice so delivered shall be binding upon delivery and irrevocable by the Sponsor.
Upon receipt of the ROFO Offer, the Transferring Member may elect in its sole discretion to accept or reject the ROFO Offer.
If the Sponsor delivers a ROFO Offer Notice to the Company during the ROFO Notice Period, the Company may thereafter determine, within five (5) Business Days following its receipt of the ROFO Offer Notice, in its sole discretion, to (A) accept the ROFO Offer by delivery of a written notice to the Sponsor (an “Acceptance Notice”) or (B) reject the ROFO Offer.
If the Sponsor does not deliver an ROFO Offer Notice to the Company during the Initial Offer Period, the provisions of this paragraph 12 shall be deemed terminated and the Right of First Offer shall be deemed expired.