FIRST RIGHT TO PURCHASE. During the Term and so long as no Event of Default shall have occurred and is then continuing, Lessee shall have the first right to purchase the Premises if Lessor receives a bona fide offer to purchase the same from a third party which it desires to accept, or if Lessor offers to sell the same. In either such case Lessor shall give Lessee written notice of such offer and of all of the terms and conditions thereof, and thereafter Lessee shall have twenty (20) days in which to exercise this first right to purchase by giving to Lessor written notice of Lessee's election to do so. If this first right to purchase is so exercised by Lessee within said twenty (20)-day period, such purchase shall be consummated upon the material terms and conditions specified in such offer; provided, however, that the date for closing of such purchase shall be not less than sixty (60) days after the date of Lessee's notice of election. If this first right to purchase is not so exercised by Lessee within said twenty (20)-day period, it shall lapse and shall be of no further force or effect and Lessor thereafter shall be free to sell the Premises to a third party within one hundred and eighty (180) days after Lessee's first right to purchase lapses, but not for a lesser price or on terms more favorable in any material respect to the purchaser. Any such sale to a third party shall be subject to this Lease, it being expressly understood and agreed that this Lease shall continue in full force and effect notwithstanding said sale.
FIRST RIGHT TO PURCHASE. (a) If at any time the Lessor intends to sell the Property, then the Lessor must grant DHA a first right to purchase the Property on the terms set out in this clause 13.1.
FIRST RIGHT TO PURCHASE. Effective May 1, 1990, during the Term of the Lease, Tenant has a one time Right of First Refusal to purchase the building. If there shall be an immediate prospect to purchase the building, Landlord shall give Tenant written notice thereof specifying the terms of such a sale. On receipt of such notice, and provided Tenant has not committed an act of default under this lease, Tenant shall have the option of purchasing the building at the terms offered by the Prospect. Tenant's Right of First Refusal shall be exercised by written notice from Tenant to Landlord, given within five (5) business days after receipt of notice from the Landlord. The failure of the Tenant to exercise this option in the time period specified shall be conclusively deemed a Waiver of Tenants's First Right to Purchase for the remainder of the Lease Term. Initials CTC DRB FIRST ADDENDUM TO LEASE PAGE FOUR
FIRST RIGHT TO PURCHASE. Provided that the Lessee then occupies not less than fifty percent (50%) of the total rentable area of the Building, in the event that the Lessor desires to sell the Building, the Project and the other improvements on the property of which the Building is a part (the "Property"), the Lessor shall give written notice to the Lessee of its intention to offer the Building and the Project specifying the price and terms to be offered by the Lessor. The Lessee shall have thirty (30) days from receipt of such notice to negotiate and execute a purchase agreement to purchase the Property on the offered terms or on other terms acceptable to the Lessor, which purchase shall close within one hundred eighty (180) days from the date of the Lessor's notice to the Lessee. In the event that a purchase agreement is not executed within such thirty (30) day period, the Lessor may market the Property for sale to any third party; provided, however, that the Lessor shall not be entitled to sell the Property to any third party for a price more than ten percent (10%) less than the price offered to the Lessee without again offering to the Lessee the right to purchase the Property in the manner described above, but at the reduced price that the Lessor desires to accept.
FIRST RIGHT TO PURCHASE. If a court determines that Vendor is obligated to comply with the requirements of I.C. 20-26-7.1, Purchaser may terminate this agreement pursuant to Section 3(a). However, Purchaser may elect to not terminate this agreement, and if after complying with the requirements of I.C. 20-26-7.1, Vendor is authorized to otherwise dispose of the Property, Purchaser may exercise the right to purchase the Property upon the terms and conditions outlined in this agreement.
FIRST RIGHT TO PURCHASE. During the Purchaser’s period of ownership of the First Right to Purchase Lands, CH or CVCA, as the case may be depending on the Lands in question (hereinafter referred to as the “Authority” for the purposes of this Section), shall have the ongoing first right to purchase such Lands on the following terms and conditions:
FIRST RIGHT TO PURCHASE. Lessee is granted the first right to purchase the herein demised Premises as follows: In the event that Lessor decides to offer said Premises for sale, it will first offer them for sale, in writing, to Lessee at the same price and other terms of sale as it will later be offered on the open market. Lessee will have thirty (30) days from the date it receives the written offer to execute a purchase agreement to purchase the Premises at the price and terms quoted by Lessor. If Lessee does not execute a purchase agreement as above to purchase said Premises with the thirty day period, Lessor will be free to offer the Premises on the open market at the same price and terms of sale as it was offered to Lessee, and to finalize a sale at that price and those terms to a third party with no further liability to Lessee under this paragraph. If Lessor should wish to accept a lower price offer and/or better terms of sale from a third party, Lessor must offer to sell to Lessee at the lower price and/or better terms of sale that were acceptable from the third party. Lessee will have five (5) business days from receipt of the new offer to execute a purchase agreement at the lower price and/or better terms of sale. If Lessee rejects or does not execute a purchase agreement within said five (5) business days, Lessor will be free to sell to the third party with no further liability to Lessee under this paragraph. If the Premises are not sold to a third party for a period of one year from the date of the final offer to Lessee, Lessor must follow the procedure above, before the Premises can be sold to any entity other than Xxxxxxx Technology Corporation. If the Premises commonly known as 0000 Xxxxxxxx Xxxxxxx, Xxxxxxxx View, are offered for sale by Lessor simultaneously with the herein demises Premises, Lessee must purchase both properties in order to purchase 0000 Xxxxxxxx Xxxxxxx. This first right-of-refusal is automatically void at the termination of Lessee's occupancy of the Premises. This first right to purchase is personal to Xxxxxxx Technology Corporation and is not transferable to any other entity without the prior written consent of Lessor.
FIRST RIGHT TO PURCHASE. 37 13.3 Transfers to Foreign Persons................................................... 38 13.4 Right of First Offer Upon Sale of a Property................................... 38 13.5
FIRST RIGHT TO PURCHASE. (a) If at any time a Member (the "Offering Member") shall desire to transfer all or any portion of its Interest in the Company to a Person other than an Affiliate, the Offering Member shall give a Notice (an "Offering Notice") to the other Member (the "Non-Offering Member"), which Notice shall state the interest to be transferred, the price (which shall be a dollar sum), the identity of the proposed transferee and the true principals thereof, and all other terms of the proposed transfer, and shall be accompanied by a copy of the written agreement between the Offering Member and the proposed transferee evidencing such terms. The Non-Offering Member shall have the right, irrevocable for a period of thirty (30) days from the date of the receipt of the Offering Notice (the "Offer Period"), to (i) consent to the transfer to the transferee described in the Offering Notice and on the terms stated therein, (ii) to elect to purchase all (but not a portion of) the Interest specified in the Offering Notice and at the price and on the terms set forth in the Offering Notice, or (iii) elect to sell all or a portion of its Interest at the same time, for the same price and terms, and in direct proportion, based upon Sharing Ratios, to the Interest being sold by the Offering Member. If the Non-Offering Member shall not notify the Offering Member of its election within such thirty (30)-day period, the Non-Offering Member shall be conclusively deemed to have consented to the transfer described in the Offering Notice. If the Non-Offering Member consents (or is deemed to consent) to the transfer, the Offering Member may, subject to the restrictions of Section 10.6 hereof, require that its transferee be substituted as a Member and, if the transferor is the Manager, as the Manager hereunder.
FIRST RIGHT TO PURCHASE. (a) Except as provided in section 8.2, if at any time a Partner (the “Offering Partner”) shall desire to transfer all or any portion of its Partnership Interest, either directly or through sale of an interest in such Partner, the Offering Partner shall give to the other Partners (the “Non-Offering Partners”) a notice (an “Offering Notice”) of the interest to be sold (the “Offered Interest”), the price (which shall be a dollar sum), and all other terms of sale. Each Non-Offering Partner shall have the right, irrevocable for a period of 45 days after the giving of the Offering Notice (the “Offer Period”) to purchase the entire Offered Interest specified in the Offering Notice at the price and upon the terms set forth therein.
