Examples of ROFR Offer Notice in a sentence
Tenant then shall have an option to be the provider to Landlord under a Health Care Service Agreement with Landlord on the same terms as set forth in such ROFR Offer Notice, which terms must be commercially reasonable.
If Landlord is obliged to re-Notice Tenant with respect to the proposed Health Care Service Agreement with such Third-party Provider under the preceding sentence with respect to a previously received ROFR Offer Notice, Tenant shall have thirty (30) days in which to provide Landlord with a ROFR Election Notice in response to the new ROFR Offer Notice.
If Tenant fails to timely exercise its option to enter into the applicable Health Care Service Agreement or provides Landlord Notice that Tenant is not interested in pursuing a transaction on the terms presented in the ROFR Offer Notice, Landlord may thereafter effect the transaction with the Third Party Provider identified in the ROFR Offer Notice on the same terms and conditions specified in the applicable ROFR Offer Notice, as long as such terms also meet a commercial reasonableness standard.
In no event shall District be obligated to deliver a Transfer Notice under (a), above, or a ROFR Offer Notice prior to granting an easement or license to use any portion of the Center for non- healthcare purposes, or (ii) leasing of office space to a physician as permitted under Section 11.2(n) of the Lease.
Each Member who does not deliver a ROFR Offer Notice shall be deemed to have waived all of such Member’s ROFR rights under this Section.