Examples of Right of First Offer to Purchase in a sentence
If Landlord intends to sell the Property during the Lease Term, and provided no Event of Default then exists, Tenant shall have a right of first offer to purchase the Property ("Tenant's Right of First Offer to Purchase") on the terms and conditions at which Landlord proposes to sell the Property to a third party.
If Landlord intends to sell the Property during the Lease Term, and provided no Event of Default then exists, Tenant shall have a right of first offer to purchase the Property ("Tenant's Right of First Offer to Purchase") on the terms and conditions at which Xxxxxxxx proposes to sell the Property to a third party.
If Tenant properly exercises its Right of First Offer to Purchase the Woodland Buildings, then within thirty (30) days of Tenant notifying Landlord of its agreement to purchase the Woodland Buildings pursuant to this Section or such additional time as agreed by Landlord and Tenant in writing, Landlord and Tenant shall enter into a purchase agreement containing the terms and conditions set forth in Landlord’s Notice and such other mutually agreed upon terms and conditions.
Tenant acknowledges and agrees that this Right of First Offer to Purchase Woodland Buildings is personal in nature to Interactive Intelligence Group, Inc.
Upon receipt of Landlord's Notice, Tenant shall have the option to purchase the Woodland Buildings at the purchase price and Landlord shall provide Tenant with pertinent information regarding the operation of the Building ("Information") and upon such other terms and conditions as are set forth in Landlord's Notice ("Right of First Offer to Purchase Woodland Buildings").
Tenant acknowledges and agrees that this Right of First Offer to Purchase Building is personal in nature to Interactive Intelligence, Inc.
In the event that any building(s) are constructed pursuant to Tenant's exercise of its option under Sections 16.16, 16.17, 16.18 or 16.20 of this Lease, then Tenant's Right of First Offer to Purchase the Building as set forth in this Section 16.15 shall apply to each building so constructed (i.e., Phase I Building, Phase II Building and Phase II Building).
Upon receipt of Landlord's Notice, Tenant shall have the option to purchase the Building at the purchase price and Landlord shall provide Tenant with pertinent information regarding the operation of the Building ("Information") and upon such other terms and conditions as are set forth in Landlord's Notice ("Right of First Offer to Purchase Building").
If Tenant fails to notify Landlord by the deadline set forth above, Tenant shall be deemed to have waived Tenant's option to purchase for the remainder of the term of the Lease and any extensions thereof except Tenant shall have a Right of First Offer to Purchase the Woodland Buildings as set forth in Section 16.15 below.
Notwithstanding the above, Lessee's Right of First Offer to Purchase herein shall be null and void if the sale of Premises involves Lessor's entire portfolio or a portion thereof exceeding 900,000 sq.ft..