Last Offer definition
Examples of Last Offer in a sentence
Disputes arising from such negotiations shall be submitted to Last Offer Binding Arbitration (LOBA) through procedures that have been agreed to by the State and GSEU.
No party will disclose to the Accountants, and the Accountants will not consider for any purpose, any settlement discussions or settlement offer (other than the Last Offer) made by any party.
If the determination of the Accountants represents an outcome more favorable to either Purchaser or Seller than the midpoint of such parties' last written settlement offers related to all items in dispute, in the aggregate, submitted to the other party at least two calendar days before the referral of the matter to the Accountants (each a "Last Offer"), then the party obtaining such favorable result will be deemed the "Prevailing Party" and the other party will be deemed the "Non-Prevailing Party".
No party will disclose to the Accountants, and the Accountants will not consider for any purpose, any settlement offer (other than the Last Offer) made by any party.
On the other hand, Contractor is free to license or sell its “Bison” brand to a third party on financial terms equal to or more favorable than the Last Offer, without any further obligation to ▇▇▇▇▇▇.
Upon receipt of a Genzyme Right of Last Offer, Genzyme will have thirty (30) days to accept such terms in writing, after which time Genzyme will be deemed to have rejected such Genzyme Right of Last Offer.
If Contractor wants to license or sell its “Bison” brand to a third party on financial terms less favorable to Contractor than the Last Offer, ▇▇▇▇▇▇ has 10 days to match such terms.
If ▇▇▇▇▇▇ does not accept said Last Offer within 10 days, Contractor is free to negotiate with third parties, subject to the matching rights of ▇▇▇▇▇▇ set forth below.
Thereafter, TOPOTARGET shall be free to grant a license or other rights to Third Parties to the rights described in such Last Offer, but only during a [*****(***)] month period following receipt of such Last Offer and only on terms more favorable to TOPOTARGET as the Last Offer made by CURAGEN.
If the actual FMV of the Premises as determined by the Arbitration Panel is less than Landlord's determination of FMV as set forth in the Last Offer by greater than ten percent 10%, the costs of arbitration shall be paid by Landlord.