ROFO definition
Examples of ROFO in a sentence
Seller has delivered all notices and other information to the Responding Party required under the ROFO Agreement in connection with the transaction contemplated hereby, including, without limitation, any Offer Notice (as defined in the ROFO Agreement), in the form, manner, and within the time periods required by the ROFO Agreement.
If the Purchaser fails to deliver an offer within such period, the ROFO shall be deemed waived for such sale.
The consummation of the transaction contemplated hereby in accordance with the terms of this Agreement will not cause any revival, reinstatement, or re-triggering of the rights of Responding Party under the ROFO Agreement or of any party under the Operating Agreement.
The Purchaser shall have 15 days to deliver a non-binding indicative offer (the “ROFO Offer”) specifying the cash price and material terms it would be willing to pay for the ROFO Interest.
The date that the ROFO Notice is received by the Eligible Members shall constitute the “ROFO Notice Date.” Such ROFO Notice shall specify the following: (i) the proposed closing date of the ROFO Transfer; (ii) [*****] (iii) [*****].