ROFR Right definition

ROFR Right means, with respect to any Equity Interest, a right of first refusal or other right to acquire such Equity Interest or other right with respect to such Equity Interest resulting from (a) the pledge, sale or offer to sell such Equity Interest or (b) a change of control of the entity which has issued such Equity Interest or any entity holding, directly or indirectly, such Equity Interest.
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ROFR Right is defined in Section 9.2(b).
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ROFR Right has the meaning set forth in Section 7.5(e).
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Examples of ROFR Right in a sentence

  • To the extent the non-transferring Member desires to exercise the ROFR Right, it shall, within fifteen (15) Business Days of the receipt of the Sale Notice, deliver a notice to the Transferring Member setting forth the amount of Offered Interest it proposes to purchase on the terms and conditions set forth in the Sale Notice (such notice, the “Election Notice”).

  • A foreclosure sale by such lender shall not be a sale to which the ROFR Right shall be applicable, and upon any such foreclosure sale the ROFR Right shall terminate automatically and be of no further force or effect notwithstanding the existence of, or any term contained in, any non-disturbance agreement from such ROFR Asset Owner’s lenders.

  • It is the intention of the Parties that the ROFR Right be subordinate to any mortgage presently encumbering the ROFR Assets.

  • In clarification of the foregoing, after any such foreclosure sale, the ROFR Right shall never apply.

  • Tenant’s ROFR Right is subject to the condition that on the date that Tenant delivers its notice exercising its ROFR Right, no Event of Default exists (other than a Non-Material Event of Default).


More Definitions of ROFR Right

ROFR Right is defined in Section 2.4.
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ROFR Right is defined in Section 2.2.
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ROFR Right and the "SHA") as reflected in the latest Deed of Adherence signed by its parties on 21 and 27 August 2019.
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ROFR Right shall include any ROFR Right held by the Company and any ROFR Right held by any ROFR Shareholder, unless the context clearly indicates otherwise. In the event that a ROFR Sale is in exchange for non-cash consideration, then the ROFR Right shall be exercisable based on the Fair Market Value of such non-cash consideration.
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ROFR Right is defined in Section 9.2(b). “Sale Notice” is defined in Section 9.2(a).
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ROFR Right is defined in Section 7.6(b) of this Agreement.
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ROFR Right has the meaning set forth in Section 2 of Annex VI. Annex I - Page 21
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