Examples of First Right of Refusal in a sentence
Property sold subject to Xxxxxx’s First Right of Refusal, if property is occupied.
Monitoring and First Right of Refusal: In the case of rental housing, the staff and any entity that has administrative authority for implementing the local housing assistance plan assisting rental developments shall annually monitor and determine tenant eligibility or, to the extent another governmental entity provides periodic monitoring and determination, a municipality, county or local housing financing authority may rely on such monitoring and determination of tenant eligibility.
It is expressly agreed between the Parties that the First Right of Refusal shall mean that the Concessionaire will have a right to match the financial bid of the highest ranked bidder only if the Concessionaire participates in such bidding process and its bid is within 10% of the highest ranked bidder.
As per the Policy Guidelines for Land Management 2015 (PGLM 2015) and clause 11.3 of the clarification circular issued thereon dt.29.04.2019, the First Right of Refusal (FRoR) will be extended to the existing Licensee subject to the condition that the existing licensee will be allowed to match the H1 bid offered by the other bidder in the e-auction, at the end of the auction proceedings.
A purchase shall be deemed to include the entering into of any agreement to exchange, or the obtaining of an option to purchase which is subsequently exercised, or the causing of a First Right of Refusal to be exercised, or an agreement to sell or transfer shares or assets.