Examples of First Offer Notice in a sentence
If the Other Proposal is not consummated within ninety (90) days or such shorter period of time as set forth in the Right of First Offer Notice, or any of the material terms in the Other Proposal change following Purchaser’s waiver of its purchase rights in connection with this Section 2.08, then the sale of such Other Vertical(s) or Vistio shall be subject to the provisions of this Section 2.08(e) again.
If Tenant wishes to exercise Tenant's right of first offer with respect to the Available First Offer Space, then within fifteen (15) Business Days of delivery of such First Offer Notice to Tenant, Tenant shall deliver notice to Landlord of Tenant's intention to exercise its right of first offer with respect to the entire Available First Offer Space on the terms contained therein.
If the term of the Available First Offer Space extends beyond the initial Lease Term set forth herein, then for the period of time commencing on the date immediately following the expiration of the initial Lease Term herein through the expiration of the term set forth in the First Offer Notice, the base rent for the 331 Premises shall equal the base rent for the remainder of the Available First Offer Space.
The First Offer Notice shall contain (a) the purchase price at which Landlord would be willing to sell the Office Complex; and (b) any other major material terms with respect to the proposed sale of the Office Complex, which terms shall beconsistent with then current market terms, all as determined by Landlord in its sole, but commercially reasonable, discretion.
Subject to the terms of this Section 1.3.1, Landlord shall notify Tenant from time to time (the "First Offer Notice") when a Potential First Offer Space or any portion thereof (a “First Offer Space”) will become available for lease to third parties, free and clear of the rights of any Superior Right Holder.