Examples of ROFR Property in a sentence
The ROFR was a servitude burdening the ROFR Property which meant that it bound Mulberrys’ successors.
Once it assumed that the ROFR was a servitude burdening the ROFR Property, however, it becomes necessary to examine the issue of whether the servitude burdening the ROFR Property was also a corresponding benefit appurtenant to the Purchased Property.
Hugh Jones, Airwork’s controlling shareholder, agreed to accept, and Airwork understands has now accepted, the Offer in respect of the Shares he controls and accordingly has not participated in the work of the Independent Committee.In accordance with the Takeovers Code (Code), please find enclosed a copy of Airwork’s target company statement in relation to the Offer.Under the Code Airwork was also required to appoint an independent advisor to report on the merits of the Offer.
Although the ROFR was signed at the time Canyon Cove and the Mulberrys closed on their purchase and sale agreement, the ROFR was set forth in a separate agreement titled “Undivided Right of First Refusal to Acquire Interest in Real Property” and was recorded in the county records against the ROFR Property (there was a legal description of the ROFR Property).
The PSP indicates 79, which is a figure agreed upon in a recorded Reciprocal Easement Agreement (ORB 30390 PG 446).