Examples of Acceptable Offer in a sentence
Landlord hereby grants Tenant a right of first refusal (“First Refusal Right”) to purchase the Leased Premises in the event Landlord receives an offer to purchase that Landlord is willing to accept (“Acceptable Offer”) upon the same terms and conditions set forth in the Acceptable Offer.
If Tenant fails to respond within the time period or gives notice that it has chosen not to elect to purchase, then Landlord shall have the right to accept the Acceptable Offer and complete the sale.
In the event Landlord receives an Acceptable Offer it shall send a copy of the offer to Tenant and Tenant shall have 14 days after receipt of the offer to elect to purchase the Leased Premises upon the same terms and conditions.
In the event Buyer elects not to exercise its second option provided for in Section 2.6.3 hereof, Buyer shall not exercise its right to purchase the Remaining Royalty Interests for 105% of the Highest Acceptable Offer pursuant to Section 9.03(e) of the Trust Agreement.
Infotonics shall have a period of 30 days after receiving a copy of the Acceptable Offer within which to notify MDSC that Infotonics elects to match the price, performance, cost and quality criteria of the Acceptable Offer in all material respects.