ROFR Term definition

ROFR Term has the meaning given in Section 2.1.
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ROFR Term means the period from the Execution Date to the later of: (i) the ***, or (ii) *** months after the Execution Date. If Pfizer notifies Lpath that it intends to enter into the New Agreement, Lpath agrees (i) to provide to Pfizer additional due diligence information and data customary for agreements of this type, and (ii) to negotiate a new license, co-marketing or co-development agreement, as applicable, with Pfizer in good faith in accordance with the terms and conditions contained in the Third Party LOI. If Pfizer declines to enter into the New Agreement, or if Pfizer does not notify Lpath within the *** days period described above that Pfizer wishes to enter into the New Agreement, Lpath may enter into an agreement with the third party for such other indication on the same material terms and conditions contained in the Third Party LOI. If Lpath does not enter into an agreement with the Third Party on the same material terms and conditions contained in the Third Party LOI, Pfizer’s rights under this Section 3.4(b) will remain in force until the end of the ROFR Term.
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ROFR Term means the period beginning on the date of this Agreement and ending on the later of (a) the termination or expiration of the Vision Care Agreement and (b) the satisfaction in full of all obligations under the Subordinated Note.
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Examples of ROFR Term in a sentence

  • The Placement Agent’s failure to exercise these preferential rights in any situation shall not affect its preferential rights to any subsequent offering during the ROFR Term.

  • In that regard, it is understood that if the Company determines to pursue such a financing during the ROFR Term and wishes to engage a placement agent to assist in connection with such offering, the Company shall promptly provide the Placement Agent with a written notice of such intention and statement of terms (the “Notice”).

  • The term of the right of first refusal contained in this Article IV shall run concurrently with the Option Term (the "ROFR Term").

  • The Representative’s failure to exercise its preferential right with respect to any particular proposal shall not affect its preferential rights relative to future proposals during the ROFR Term.

  • In that regard, it is understood that if the Issuer determines to pursue a private placement financing pursuant to Regulation D during the ROFR Term in which a third party placement agent will be engaged, the Issuer shall promptly provide Aegis with a written notice of such intention and statement of terms (the “Notice”).

  • Xxxxx is no longer employed by the Placement Agent at any time during the ROFR Term.

  • Aegis’s failure to exercise these preferential rights in any situation shall not affect its preferential rights to any subsequent private placement during the ROFR Term.

  • The Representative’s failure to exercise its ROFR with respect to any particular Subsequent Transaction does not constitute the waiver of its preferential right relative to any future Subsequent Transaction during the ROFR Term.

  • Lpath will use Commercially Reasonable Efforts to conduct a *** study during the ROFR Term (the *** and the *** referred to as the “***”).

  • If Optionor receives a bona fide, good faith offer from an unaffiliated third party to purchase all right, title and interest in and to the LLC Interest (the "Offer") at any time during the "ROFR Term" (as defined in Section 4.4), then, subject only to Kite Realty's right of first refusal contained in this Article IV, Optionor shall have the right to convey the entire LLC Interest to such third party during the term of this Agreement.


More Definitions of ROFR Term

ROFR Term shall have the meaning assigned to such term in Section 9.
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ROFR Term has the meaning attributed thereto in Section 9.13;
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ROFR Term shall commence on the Effective Date, and shall automatically expire on the earlier of (i) six (6) months prior to the expiration of the Term as may be extended hereunder; (ii) termination of this Lease; (iii) Landlord’s sale or lease of the Property after sending Tenant a ROFR Notice in accordance with this Lease (and Tenant not exercising its ROFR in accordance with this Lease); or (iv) Tenant exercising its ROFR rights and then subsequently terminating the purchase or lease contract, failing to execute the purchase or lease contract, or failing to close its purchase or lease at no fault of Landlord. The ROFR shall not apply during any period of an uncured Event of Default under this Lease.
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ROFR Term has the meaning set forth in Section 6.23(a).
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ROFR Term means the period from the Effective Date until the fifth (5th) anniversary of the Effective Date, unless mutually agreed by the Parties in writing.
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Related to ROFR Term

  • ROFR means a right of first refusal to purchase or a right of first offer to purchase one or more of the Mortgaged Properties pursuant to a recorded instrument (or a memorandum thereof) encumbering the applicable Mortgaged Property.

  • Additional Term means that term commencing on the last day of the Basic Term and terminating one (1) year thereafter.

  • ROFO Period is defined in Section 6.1(a).

  • First Offer Notice shall have the meaning set forth in Section 14.4(a).

  • First Offer Period has the meaning set forth in Section 13.5.

  • Initial Term has the meaning set forth in Section 7.1.

  • Original Term shall have the meaning specified in Section 10 hereof.

  • Renewal Term has the meaning set out in Section 9.1.

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • ROFR Notice has the meaning set forth in Section 3.02(d).

  • ROFO Notice is defined in Section 6.2(a).

  • Extended Term shall have the meaning given such term in Section 2.4.

  • First Offer has the meaning set forth in Section 3.9(e)(1) or Section 11.1(b)(i), as applicable.

  • Transfer Notice Date has the meaning given to it in Section 2.06.

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Term SOFR Notice means a notification by the Administrative Agent to the Lenders and the Borrower of the occurrence of a Term SOFR Transition Event.

  • Special Termination Notice means the Notice of Special Termination substantially in the form of Annex VII to this Agreement.

  • Optional Termination The termination of the trust created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 9.01(a) hereof.

  • Negotiation Period has the meaning given in Clause 5.10;

  • Sale Notice has the meaning set forth in Section 3.04(b).

  • Option Period means the period during which an Option may be exercised.

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Initial Offer Period means the period determined by the Directors during which Shares of any class are offered by the ICAV for purchase or subscription at the Initial Price.

  • Extension Term means the time period defined in §2.C.

  • Initial Offering Period means the period commencing with the initial effective date of the Prospectus and terminating no later than the ninetieth (90th) day following such date unless extended for up to an additional 90 days at the sole discretion of the General Partner.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.