ROFR Offeror definition
Examples of ROFR Offeror in a sentence
With the exception of the Employment Agreement’s restriction on the disclosure of trade secrets, which applies indefinitely, April 24, 2017 is the same date as Mr. Kreger’s current post-employment restrictive covenants with LHC end.
The Fund will hold the purchase money received by it in trust on behalf of the ROFR Offeror and will not commingle the purchase money with the Fund’s assets, except that any interest thereon will be for the account of the Fund.
Upon such registration, the ROFR Offeror will cease to have any right to or in respect of the Offered Units except the right to receive, without interest, the purchase money received by the Fund upon surrender of any certificates that previously represented the Offered Units.
Notwithstanding the foregoing, if (i) the Company and the ROFR Holders shall not have elected to purchase all of the ROFR Offered Units on or prior to the ROFR Expiration Date, then the ROFR Offeror must comply with the terms of Section 6.5 prior to Transferring any of the ROFR Offered Units to any Person.
Approval of plans is not authorization to proceed with Improvements on any property other than the Residence owned by the applicant.
Notwithstanding any other provision of this Agreement, the ROFR Offeror may not accept any Third Party Offer that stipulates that a closing shall occur earlier than the 15th day after the last date on which the Offeree’s notice is due under this Section 3(b).
Within twenty-five (25) days after the ROFR Notice Date, each ROFR Holder may deliver a written notice to the ROFR Offeror Holder, the Company and each other ROFR Holder of its election to purchase up to its full Proportionate Share of the Remaining ROFR Offered Units (the 26th day after the ROFR Notice Date is referred to herein as the “ROFR Expiration Date”).
If the Third Party Offer provides for non-cash consideration to be paid to the ROFR Offeror, the Notice must specify the ROFR Offeror’s good faith estimate of the cash equivalent of such non-cash consideration, which estimate, if not accepted by the Offeree, will be submitted to arbitration for final determination pursuant to Section 4.11.
These structures are visually unappealing and destructive to recreational activities.
The ROFR Offeror Holder also agrees to execute and deliver any such instruments and documents and take any such actions, including obtaining all applicable approvals and consents and making all applicable notifications and filings, as the purchasing ROFR Holders may reasonably request in order to effectively implement the purchase and sale of the ROFR Offered Units hereunder.