Examples of Offered Property in a sentence
For example, if the Change in Control ROFO Purchase Notice references a proposed transaction whereby a fifty percent (50%) interest in Landlord is to be conveyed for consideration of Twenty-Five Million Dollars ($25,000,000), the Purchase Price for the Offered Property under the ROFO/ROFR Purchase Agreement would be Fifty Million Dollars ($50,000,000).
In the event both parties fail to execute a purchase and sale agreement for the Offered Property within such ninety (90) day period, then Lessor may sell the Offered Property to a third party, subject, in the case of a sale to any third party of the Property, to the terms of this Lease.
Prior to Seller committing to sell its interest in the Offered Property to a third party, Seller shall give Tenant written notice of such desire and the terms and other information under which Seller intends to sell the Offered Property.
In the event Tenant timely exercises such option to purchase its interest in the Offered Property, Seller shall sell its interest in the Offered Property to Tenant, and Tenant shall purchase its interest in the Offered Property from Seller in accordance with the price and terms specified in Seller's notice.
In the event that BGEC or a Designated Party timely notifies the Selling Party that it elects to purchase the Offered Property on the terms provided in the ROFO Notice, the Selling Party and BGEC or the Designated Party shall promptly, but no later than sixty (60) days after the date of notice from the BGEC or a Designated Party to Selling Party exercising its right to purchase, execute such usual and customary documents as shall be required in order to consummate such transaction.