Reoffer Sample Clauses
A Reoffer clause defines the conditions under which a party may present or sell goods, services, or securities to a third party after an initial offer has been made or declined. Typically, this clause outlines the process for reoffering, such as timeframes, notification requirements, or any limitations on the terms of the reoffer. For example, in financial agreements, it may allow an underwriter to reoffer unsold securities to the market under specified terms. The core function of this clause is to provide flexibility and structure for subsequent offers, ensuring that parties have a clear process to follow if the original transaction does not proceed as planned.
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Reoffer. The ROFO Option of Tenant hereunder with respect to each respective ROFO Space shall terminate and expire on the earlier to occur of (a) Tenant’s failure to exercise its Right of First Offer within the twenty (20) day period provided above or to execute and deliver a lease amendment within the thirty (30) day period provided above, or (b) the date Landlord would have provided Tenant a ROFO Notice if Tenant had satisfied all of the conditions set forth in Section 2.4(c) above. Notwithstanding the foregoing, if (i) Tenant was entitled to exercise its ROFO Option but failed to deliver an Acceptance Notice within the twenty (20) day period provided above, or to execute and deliver a lease amendment within the thirty (30) day period provided above, and (ii) either (x) Landlord does not enter into a lease for the respective ROFO Space within a period of twelve (12) months following the date of the ROFO Notice, or (y) thereafter prior to entering into a lease (or leases) for such ROFO Space Landlord proposes to lease the respective ROFO Space to a prospective tenant on terms that are “materially more favorable” than those set forth in the ROFO Notice previously delivered to Tenant, then in either situation Tenant’s rights with respect to the respective ROFO Space shall be revived and Tenant shall once again have a ROFO Option with respect to the respective ROFO Space. For purposes hereof, the terms offered to a prospect shall be deemed to be “materially more favorable” from those set forth in the ROFO Notice if there is a reduction of more than seven and one half percent (7.5%) in the “bottom line” cost per rentable square foot of the ROFO Space to the prospective tenant, when compared with the “bottom line” cost per rentable square foot for the ROFO Space under the ROFO Notice, determined by considering all of the economic terms of both proposals, respectively, including, among other relevant factors, the fixed rent, the tax and expense escalation, the additional rent, any free rent periods, and any other concessions and allowances.
Reoffer. Any Additional Interests not sold within thirty (30) days of the Issuance Date shall be subject to re-offer to Executive in accordance with this section 3.
Reoffer. The Investor will not offer or sell the Shares (which term shall include any pre-arrangement for a purchase by a U.S. person or other person in the U.S.) directly or indirectly, in the United States or to any natural person who is a resident of the United States or to any other "U.S. person" (as defined in Section 4.10 below) or for the account or benefit of any "U.S. person" (other than a "distributor", as defined in Regulation S) at any time on or prior to one year following the Closing and thereafter only if registered under the Securities Act and all applicable state laws or an exemption from the registration requirements of the Securities Act and similar state laws is available.
Reoffer. The Company shall be entitled, during the ninety (90) days following the expiration of the Offering Period, to sell the New Securities described in the Preemptive Rights Notice which the Eligible Unitholders have not elected to purchase, in one or more transactions and to one or more Persons, as determined by the Board, at a price not less than that set forth in the applicable Preemptive Rights Notice and on other economic terms and conditions not more favorable to the purchaser(s) thereof in any material respect, in the aggregate, than those set forth in the Preemptive Rights Notice (with such ninety (90)-day period subject to any extensions required to comply with regulatory Law or to obtain any applicable approval from a Governmental Entity or other required approval), except that the amount of New Securities to be sold by the Company may be reduced. Any New Securities offered or sold by the Company after such period must be reoffered to the Eligible Unitholders if required pursuant to the terms of this Article 14.