First Right of Refusal definition

First Right of Refusal means that a tenant or buyer has an executed option to purchase the property on the same terms as an offer from a bona fide third party.

First Right of Refusal at the end of license tenure, provided no default is made in the payments of License fees to Maha-Metro and the Licensee participates in the tender invited then and agrees to match the highest bid received.

First Right of Refusal means the same as "right of first refusal" and "right of first consideration."

Examples of First Right of Refusal in a sentence

• Property sold subject to Xxxxxx’s First Right of Refusal, if property is occupied.

• Monitoring and First Right of Refusal: In the case of rental housing, the staff and any entity that has administrative authority for implementing the local housing assistance plan assisting rental developments shall annually monitor and determine tenant eligibility or, to the extent another governmental entity provides periodic monitoring and determination, a municipality, county or local housing financing authority may rely on such monitoring and determination of tenant eligibility.

• It is expressly agreed between the Parties that the First Right of Refusal shall mean that the Concessionaire will have a right to match the financial bid of the highest ranked bidder only if the Concessionaire participates in such bidding process and its bid is within 10% of the highest ranked bidder.

• We have curated a SDG Booklet to help you plan any initiatives or ideas you have and with G.A.I.A.

• A purchase shall be deemed to include the entering into of any agreement to exchange, or the obtaining of an option to purchase which is subsequently exercised, or the causing of a First Right of Refusal to be exercised, or an agreement to sell or transfer shares or assets.

More Definitions of First Right of Refusal

First Right of Refusal means that any Tenant whose tenancy is terminated due to the Landlord’s need to temporarily undertake substantial repairs, the Landlord’s decision to withdraw accommodations from the rental market pursuant to the Ellis Act (Government Code 7060-7060.7), or the Landlord’s decision to move themselves or a qualified family member into the rental unit shall have the first right of refusal to return to the unit if it should ever be returned to the market by the Landlord or successor Landlord served the notice of termination of tenancy (Section 11.100.050(c), Richmond Municipal Code).

First Right of Refusal is a contractual right that gives the Concessionaire at the end of the Concession Period to extend the term to another Concession Period according to the specified terms. If the Concessionaire declines the Right of Refusal, then the Authority can proceed to next bidding as specified in Clause 3.2

First Right of Refusal or “Right of First Refusal” shall have the meaning ascribed to it in the Section 2.4 of this Agreement

First Right of Refusal shall have the meaning as ascribed to it in Clause 5.1 (xv).

First Right of Refusal means in the event of the Licensor deciding to go for a bidding/selection process for the operation of the Project, after expiry of the License Period of 30 years, for another term, the right of first refusal shall be given to the Licensee to match the winning bid/preferred proposal for such another term within 60 days from the date of such offer from the Licensor, subject to such terms and conditions as may be laid down at such time by the Licensor.

First Right of Refusal. As long as Tenant is not in default under the terms and conditions of this Lease Agreement, Landlord agrees to grant Tenant the right to lease any space in the building which becomes available. In the event space becomes available, Landxxxx xxxees to give Tenaxx xxxtten notice of said available space. Tenant shall have two (2) days from receipt of said notice in which to exercise said right. A written notice shall be deemed delivered and received upon Landlord delivering a non-certified letter to Suite 100 at 1350 Xxxxx Xxxx Xxxx. The terms and conditions of said available space shall be based upon the same terms and conditions as the original lease agreement.

First Right of Refusal means the NSi First Right of Refusal and the Beroni First Right of Refusal (as the case may be).