ROFO Terms definition

ROFO Terms means terms no less favorable to Landlord than the terms and conditions contained in the Sale Notice, however, the purchase price may be up to five percent (5%) less than that set forth in the Sale Notice. If Landlord fails to sell such portion of the Project to a third party upon the ROFO Terms within eighteen (18) months following the deadline for giving the Exercise Notice, then Tenant’s ROFO shall be reinstated.
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ROFO Terms is defined in Section 11.1(a) hereof.
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ROFO Terms shall have the meaning as set forth in Section 28.4.
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Examples of ROFO Terms in a sentence

  • If Landlord fails to sell such portion of the Project to a third party upon the ROFO Terms within eighteen (18) months following the deadline for giving the Exercise Notice, then Tenant’s ROFO shall be reinstated.

  • The ROFO Terms must be at the then-existing fair market value, as reasonably determined by Landlord for like kind properties, taking into account all factors that a landlord would typically take into account when leasing office premises.

  • If Purchaser does not deliver written notice to Seller by the end of the ROFO Exercise Period, then Purchaser shall be deemed to have elected not to accept the ROFO Terms, and Seller may thereafter offer to sell the Additional North Triangle Land to a third party on terms materially consistent with the ROFO Terms, and for a purchase price of not less than 95% of the proposed purchase price in the ROFO Terms.

  • However, if Tenant notifies Landlord within such time period that Tenant wants to purchase the Leased Premises at the ROFO Price and upon such the ROFO Terms, then Landlord and Tenant shall have forty-five (45) days following Landlord’s receipt of such notice from Tenant within which to negotiate and execute a mutually satisfactory agreement for the sale of the Leased Premises to Tenant.

  • Tenant shall advise Landlord within thirty (30) days after receiving such ROFO Notice if Tenant is interested in purchasing the Leased Premises for the ROFO Price and the ROFO Terms.


More Definitions of ROFO Terms

ROFO Terms has the meaning set forth in Section 3.4(d).
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ROFO Terms has the meaning set out in clause 16.1(B)(i) (ROFO);
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ROFO Terms shall have the meaning as set forth in Clause 7.3.2; “ROFO Transferor” shall have the meaning as set forth in Clause 7.3.1; “Rules” shall have the meaning as set forth in Clause 17.1(a);
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ROFO Terms has the meaning given in Clause 18.4.1(d); "Rules" has the meaning given in Clause 35.2;‌‌‌
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ROFO Terms has the meaning set forth in Section 9.04(e).
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ROFO Terms has the meaning specified in Section 5.2(a).
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ROFO Terms means terms no less favorable to Landlord than the terms and conditions
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