Common use of First Right of Refusal Clause in Contracts

First Right of Refusal. If Lessor receives from a third party a bona fide offer to purchase the Leased Premises, before Lessor may accept such an offer, Lessor must first give written notice to Lessee of said offer. Lessee shall have thirty (30) days from the date of receipt of said offer, to provide Lessor with written acceptance of the offer, upon the same terms and conditions as set forth therein (but in addition thereto, such sale shall include all rights of Lessor in and to this Lease). If Lessee accepts said offer, closing shall take place within sixty (60) days from the date of acceptance. Lessee may elect to assign Lessee's rights to purchase the Leased Premises to the parent of the Lessee, a subsidiary of the Lessee, or other entity wholly owned by Lessee or its parent. If Lessee fails to accept said offer within the thirty (30) days provided herein, Lessor may proceed to sell to said third party in accordance with the terms of the offer. If Lessor has not consummated a sale within one hundred eighty (180) days after the expiration of Lessee's option rights hereunder, the restrictions and options herein provided shall be restored and shall continue in full force and effect, and so long as these restrictions and options remain in effect the Lessor shall not thereafter sell or transfer the Leased Premises without first giving the Lessee notice as herein provided and otherwise complying with the foregoing provisions.

First Right of Refusal. If Lessor Landlord receives from a third party a bona fide offer to purchase the Leased Premises, before Lessor Landlord may accept such an offer, Lessor Landlord must first give written notice to Lessee Master Tenant of said offer. Lessee Master Tenant shall have thirty (30) days from the date of receipt of said offer, to provide Lessor Landlord with written acceptance of the offer, upon the same terms and conditions as set forth therein (but in addition thereto, such sale shall include all rights of Lessor Landlord in and to this Lease). If Lessee Master Tenant accepts said offer, closing shall take place within sixty (60) days from the date of acceptance. Lessee Master Tenant may elect to assign LesseeMaster Tenant's rights to purchase the Leased Premises to the parent of the Lessee, or a subsidiary of the LesseeMaster Tenant, or other entity wholly owned by Lessee Master Tenant or its parentManaging Member. If Lessee Master Tenant fails to accept said offer within the thirty (30) days provided herein, Lessor Landlord may proceed to sell to said third party in accordance with the terms of the offer. If Lessor Landlord has not consummated a sale within one hundred eighty (180) days after the expiration of LesseeMaster Tenant's option rights hereunder, the restrictions and options herein provided shall be restored and shall continue in full force and effect, and so long as these restrictions and options remain in effect the Lessor Landlord shall not thereafter sell or transfer the Leased Premises without first giving the Lessee Master Tenant notice as herein provided and otherwise complying with the foregoing provisions.

First Right of Refusal. If Lessor Landlord receives from a third party a bona fide offer to purchase the Leased Premises, before Lessor Landlord may accept such an offer, Lessor Landlord must first give written notice to Lessee Master Xxxxxx of said offer. Lessee Master Tenant shall have thirty (30) days from the date of receipt of said offer, to provide Lessor Landlord with written acceptance of the offer, upon the same terms and conditions as set forth therein (but in addition thereto, such sale shall include all rights of Lessor Landlord in and to this Lease). If Lessee Master Xxxxxx accepts said offer, closing shall take place within sixty (60) days from the date of acceptance. Lessee Master Tenant may elect to assign LesseeMaster Xxxxxx's rights to purchase the Leased Premises to the parent of the Lessee, or a subsidiary of the LesseeMaster Tenant, or other entity wholly owned by Lessee Master Tenant or its parentManaging Member. If Lessee Master Xxxxxx fails to accept said offer within the thirty (30) days provided herein, Lessor Landlord may proceed to sell to said third party in accordance with the terms of the offer. If Lessor Landlord has not consummated a sale within one hundred eighty (180) days after the expiration of LesseeMaster Xxxxxx's option rights hereunder, the restrictions and options herein provided shall be restored and shall continue in full force and effect, and so long as these restrictions and options remain in effect the Lessor Landlord shall not thereafter sell or transfer the Leased Premises without first giving the Lessee Master Tenant notice as herein provided and otherwise complying with the foregoing provisions.