Examples of Second Property in a sentence
Should the suspensive conditions on the Second Property not be fulfilled within 30 (thirty) days from date of acceptance of the offer, the parties agree that this sale agreement shall automatically lapse and be of no force or effect unless both parties have agreed to a written extension of this condition prior to the lapsing thereof.
On May 10, 2021, Premier USA completed the acquisition of the Second Property for consideration of $2.5 million in cash and 2,430,488 common shares of the Company.
The City maintains a right of first refusal on each City Second Property as set forth in the Grant of Right of First Refusal document (the “GRFR”) executed by the owner granting the City the right to purchase the City Second Property for the price offered by a third-party buyer.
If the City assigns its rights to purchase the City Second Property to a qualified buyer, the qualified buyer will execute a new “Grant of Right of First Refusal,” in addition to the security documents listed in Section 4-2(I) of this Manual.
According to the terms of the GRFR, if the owner decides to sell the City Second Property, the City has the option to purchase it or assign its right to purchase the City Second Property to a qualified buyer.