Examples of Grant of Right of First Refusal in a sentence
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 does not elect to purchase the City Second Property or assign its right to a qualified buyer during the GRFR Period, then the City will deposit a draft Release of the Grant of Right of First Refusal ("Release") into the closing escrow with the title company.
Ordinance #20-985 electing not to proceed with the purchase upon the terms and conditions contained in the offer dated May 5, 2020 on the Sladkey Remainder Parcel pursuant to the Grant of Right of First Refusal and Declaration of Restrictive Covenant pertaining to the twenty acres of real estate commonly known as 7405 S.
Grant of Right of First Refusal Each of the Shareholders hereby grants to the other Shareholders and to the Company: the right (but not the obligation) to acquire all or part of the Relevant Shares from the Selling Shareholder(s) upon the occurrence of a Right of First Refusal Event (the "Right of First Refusal") at the price and terms set out in the Right of First Refusal Notice.
For example, the "Grant of Right of First Refusal" requirement will remain on City 2nd properties after the City loan release.
Consideration of Ordinance #20-981 electing not to proceed with the purchase upon the terms and conditions contained in the offer dated April 13, 2020 on the Sladkey Remainder Parcel pursuant to the Grant of Right of First Refusal and Declaration of Restrictive Covenant pertaining to the twenty acres of real estate commonly known as 7405 S.
City has the right to assign its interests under this Grant of Right of First Refusal and/or to designate an individual or entity to exercise its rights under this Grant of Right of First Refusal, provided that any such assignee or designee agrees to perform all of the City's obligations under this Grant of Right of First Refusal.
If this Grant of Right of First Refusal is revived as provided under this Paragraph 7, clause (b), then, in addition to City’s rights at law or in equity, City will have the right to accept or reject the bona fide third party offer for the sale that is pending under the terms of Grant of Right of First Refusal under the City’s standard procedure, or require the proposed transferee to grant to City a right of first refusal to purchase this Property using the form of grant acceptable to City.
Neither this Grant of Right of First Refusal nor any memorandum hereof may be recorded.
Pursuant to the terms of an Agreement of Purchase and Sale and Grant of Right of First Refusal made effective July 19, 2004 between EMC and Xxxxxxx X.