Right of First Refusal to Purchase. In connection with the proposed transfer of certain lands in Whistler, British Columbia hereinafter defined as the “Emerald Lands” from the Lil’wat Nation and the Squamish Nation (together the “First Nations”) to the Resort Municipality of Whistler (“RMOW”), RMOW agrees to grant to the First Nations an irrevocable right of first refusal (the "Right of First Refusal")to purchase all or a portion of the Emerald Lands on the terms and conditions set forth in this letter. The Emerald Lands are those lands registered in the name of 0780185 B.C. Ltd, and jointly and beneficially owned by the First Nations which are legally described as: PID: 000-000-000 District Xxx 0000, Xxxxx 0, Xxx Xxxxxxxxxxx Xxxxxxxx, XXXX covenants and agrees that so long as it is the registered and beneficial owner of the Emerald Lands (the “Premises”) it will not sell, agree to sell, transfer, or in any manner dispose of or agree to dispose of the Premises or any portion thereof other than in accordance with the following procedure:
Appears in 4 contracts
Samples: Land Exchange Agreement, Framework Agreement, Framework Agreement
