ROFO Process definition

ROFO Process has the meaning set out in clause 15.4.1;
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ROFO Process has the meaning set forth in Section 3.06(g).
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ROFO Process means the obligations set out in Schedule 8 (ROFO Process);
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Examples of ROFO Process in a sentence

  • House Agreement on Resale of Private Units Prior to formal initiation of the resale process • Eligible Parties: Owners and Wait List members are “Eligible Parties” to participate as offerors and potential buyers in the Right of First Offer (ROFO) process described in this document.


More Definitions of ROFO Process

ROFO Process shall have the meaning set forth in Section 6.1.1 of this Jobs
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ROFO Process. Upon receipt of an NOI, the HOA will immediately notify all Eligible Parties about the availability of the unit. Eligible Parties interested in making an offer for the available unit are encouraged to make their interest known to the HOA as soon as possible. o The HOA has up to 20 days from receipt of an NOI to make a written offer to purchase. Until the HOA assigns its ROFO to Eligible Parties, the Owner may not accept any other offer, nor may Eligible Parties make an offer. o On or before the 20th day after an NOI, if the HOA has decided not to make an offer, the HOA may assign its ROFO in writing to all Eligible Parties. Eligible Parties may make written offers under the ROFO process within 20 days after assignment. When considering offers, Selling Owners are encouraged to give highest priority to existing Owners during the ROFO period, secondarily to those on the Priority Wait List, and finally to those on the unscreened Wait List. o The entire ROFO process can take up to 40 days, but the period will be shortened if the HOA takes fewer than 20 days to make its decision about bidding on the unit or reassigning the ROFO.
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Related to ROFO Process

  • Notice to Proceed means notice issued by the OPWC pursuant to Section IV of this Agreement. "OPWC" means the Ohio Public Works Commission created pursuant to Revised Code Section 164.02.

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