First Offer Date definition
Examples of First Offer Date in a sentence
In the event that the Non-Selling Party accepts the First Offer in the manner provided by Article 6.2.2(c), the execution of the equity transfer contract of the Offer Equity Interest shall take place no later than three (3) months after the First Offer Date at such place and time as the Selling Party and the Non-Selling Party shall agree.
In the event that the Non-Selling Party does not accept the First Offer in the manner provided by Article 6.2.2(c), the Selling Party shall be free to sell the Offer Equity Interest to the proposed transferee on terms and conditions no more favourable than those originally contained in the Transfer Notice provided that the execution of the equity transfer contract of the Offer Equity Interest shall be completed no later than six (6) months after the First Offer Date.
If Tenant timely and validly exercises the Right of First Offer, Landlord shall deliver the First Offer Space to Tenant on the Anticipated First Offer Date or, if delivery on such date is not possible, on a date mutually acceptable to Landlord and Tenant.