ROFR Statute definition

ROFR Statute means any statute, law or similar regulation imposed by any Governmental Authority pursuant to which any seller of real property which is a franchisor or similar Person is required by such statute, law or regulation to offer to an existing franchisee which operates such real property under a lease, sublease or other grant of authority the right of first refusal or a bona fide offer to purchase such real property, including, without limitation, Conn. Gen. Stat. Section 42-133mm.
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Examples of ROFR Statute in a sentence

  • Consumer Alliance argues that the “mis-fit” between the instant circumstances and the Order No. 679 framework will result in unjust and unreasonable rates no matter how the pending Iowa ROFR Statute litigation is resolved.51Consumer Alliance argues that the Incentives Order forces customers to assume an unjust and unreasonable level of risk if the Iowa courts ultimately find the Iowa ROFR Statute unconstitutional.

  • There exists no default or breach of any ROFR, and no facts known to any Loan Party exist that would trigger any ROFR Statute or any ROFR, except to the extent that such default, breach or trigger would not reasonably be expected to be materially adverse to the Partnership and its Restricted Subsidiaries, taken as a whole.

  • Citing the temporary injunction and stay of the Iowa ROFR Statute, Consumer Alliance argues that ITC Midwest’s right to develop the project is “at best unsettled and most likely void,”50 and that the Commission should have viewed this application differently than the standard Order No. 679 analysis in which an incumbent public utility with a secured right to the project seeks an Abandoned Plant Incentive.

  • The costs of the transmission lines subject to the Minnesota ROFR Statute are allocated to ratepayers on a regional basis.

  • Consumer Alliance alleges that the Commission erred by failing to support the Commission’s finding of a nexus between the requested incentive and the risks associated with the Project and by failing to consider the impact of state constitutional challenges to the Iowa ROFR Statute.

  • ITC Midwest has indicated that it will work with the Selected Developer to determine cost and construction responsibility for the Mississippi River crossing that will link the Iowa and Illinois portions of the Project.11On March 24, 2023, the Iowa Supreme Court granted a temporary injunction staying the enforcement of the Iowa ROFR Statute, pending ongoing litigation regarding its constitutionality under state law.

  • Id. The Office of Consumer Advocate files this amicus brief pursuant to Federal Rule of Appellate Procedure 29(a)(2).This case involves application of Minnesota Statute § 216B.246 (Minnesota ROFR Statute), which grants incumbent electric transmission owners the right of first refusal to construct electric transmission lines in the state of Minnesota.

  • It is agreed that any request for a waiver or release of any applicable Repurchase Option or ROFR or ROFR Statute shall not be deemed to violate this Section 6.16.

  • In addition, we continue to find that the Iowa ROFR Statute litigation does not preclude the Commission from evaluating or granting the Abandoned Plant Incentive, nor was it premature to grant the Abandoned Plant Incentive at this juncture.

Related to ROFR Statute

  • Governing statute of an organization means the statute that governs the organization's internal affairs.

  • The Statute means Statute 7;

  • the Statutes means the Companies Act and every other act (as may from time to time be amended) for the time being in force in Bermuda applying to or affecting the Company, the Memorandum of Association and/or these presents;

  • Takeover Statute means any “business combination,” “control share acquisition,” “fair price,” “moratorium” or other takeover or anti-takeover statute or similar Law.

  • Statute means the Companies Act (As Revised) of the Cayman Islands.

  • Criminal drug statute means a Federal or non-Federal criminal statute involving the manufacture, distribution, dispensing, possession or use of any controlled substance.

  • Takeover Statutes mean any “business combination,” “control share acquisition,” “fair price,” “moratorium” or other takeover or anti-takeover statute or similar Law.

  • Land Use Bylaw means Bylaw 75 of the Municipality, approved on August 6, 1992, as amended, or successor bylaws.

  • Commonwealth Standard Grant Conditions means this document.

  • State of principal license means a member state where a physician holds a license to practice medicine and which has been designated as such by the physician for purposes of registration and participation in the Compact.

  • Delaware Statutory Trust Statute means the provisions of the Delaware Statutory Trust Act, 12 Del. C. § 3801, et seq., as such Act may be amended from time to time.

  • Statutes means the Companies Act, the Electronic Transactions Act 1999 of Bermuda, and every other act (as amended from time to time) for the time being in force of the Legislature of Bermuda applying to or affecting the Company, the Memorandum of Association and/or these presents;

  • Hart-Scott-Rodino Act means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

  • Commonwealth Act means the Workplace Relations Act 1996 of the Commonwealth;

  • Anti-Bribery Law means any Applicable Law that relates to bribery or corruption, including the US Foreign Corrupt Practices Act of 1977 and the UK Xxxxxxx Xxx 0000, in each case as amended, re-enacted or replaced from time to time;

  • Applicable Securities Legislation means applicable securities laws (including rules, regulations, policies and instruments) in each of the applicable provinces and territories of Canada;

  • Company Bylaws means the bylaws of the Company, as amended.

  • Takeover Laws means any “moratorium,” “control share acquisition,” “fair price,” “supermajority,” “affiliate transactions,” or “business combination statute or regulation” or other similar state anti-takeover laws and regulations (including Section 203 of the DGCL).

  • Zoning Bylaw means City of Kelowna Zoning Bylaw No. 8000, as amended or replaced from time to time.

  • Securities Act of 1933 means the United States Securities Act of 1933, as from time to time amended.

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  • Statutory Trust Statute means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq. as the same may be amended from time to time.

  • Takeover Law means any “fair price,” “moratorium,” “control share acquisition,” “business combination” or any other anti-takeover statute or similar statute enacted under state or federal law.

  • the Commonwealth Act means the legislation of the Commonwealth Parliament by which this agreement is authorized to be executed by or on behalf of the Commonwealth;

  • Company Articles means the Articles of Incorporation of the Company, as amended.