ROFO Party definition

ROFO Party means, collectively or individually, as the context may require, the Tenants or other parties under the ROFO Documents.
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ROFO Party has the meaning given such term in Section 6.2(a).
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ROFO Party shall have the meaning set forth in Section 2.3.
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Examples of ROFO Party in a sentence

  • If any ROFO Party exercises its ROFO Rights (each, a “ROFO Election”), this Agreement shall automatically terminate.

  • Seller shall promptly provide notice to Purchaser of its receipt of any notice or other communication, written or oral, from any ROFO Party to exercise, or to decline to exercise, such ROFO Right, and, in the case of a written communication, copies thereof.

  • If no ROFO Response is delivered by the ROFO Party within such 30 day period, then the ROFO Party shall be deemed to have waived its right of first offer with respect to such ROFO Asset, and the Seller shall be free to enter into a Proposed Transaction with any third party on terms and conditions determined in the sole discretion of the Seller.

  • The ROFO Response shall set forth the terms and conditions (including, without limitation, the purchase price the ROFO Party proposes to pay for the ROFO Asset and the other material terms of the purchase) pursuant to which the ROFO Party would be willing to enter into a binding agreement for the Proposed Transaction.

  • The ROFO Notice shall include any material terms, conditions and other details as would be reasonably necessary for the ROFO Party to make a responsive offer to enter into the Proposed Transaction with the Seller, which terms, conditions and details shall include any material terms, conditions or other details that the Seller would propose to provide to non-Affiliates in connection with the Proposed Transaction.

  • The ROFO Party shall have 30 days following receipt of the ROFO Notice to propose an offer to enter into the Proposed Transaction with the Seller (the “ROFO Response”).

  • If any ROFO Offer Notice is accepted by the ROFO Seller, each ROFO Party timely delivering a ROFO Offer Notice shall have the right to acquire a pro rata number of ROFO Shares based on the relative number of shares of Common Stock then owned by all of the ROFO Parties timely delivering a ROFO Offer Notice.

  • The preceding sentence in no way effects Managing Member’s rights otherwise provided in this Section 6.7 with respect to any Investment Opportunities that are not the subject of Non-Managing Member’s obligations to Senior ROFO Party.

  • Subject to the terms and conditions of this Subsection 4.1 and applicable securities laws, if the Company proposes to offer or sell any New Securities, the Company shall first offer such New Securities to each ROFO Party.

  • If the Seller and the ROFO Party are unable to agree on such terms during such 30-day period, the Seller may Transfer the ROFO Asset to any third party on terms not materially more favorable to the Seller than the last written offer proposed during negotiations with the ROFO Party pursuant to this Section 6.2(b).


More Definitions of ROFO Party

ROFO Party means (i) any Major Investor and (ii) Centerbridge for so long as it holds (x) that certain Warrant to Purchase Stock issued by the Company on or about the date hereof or (y) at least 481,823 Shares (as defined therein) issued upon exercise of the Warrant.
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ROFO Party has the meaning set forth in Section 7.9(a).
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ROFO Party means, collectively or individually, as the context may require, the Tenants or other parties under the ROFO
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ROFO Party has the meaning given in Section 3.3(a).
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ROFO Party or “ROFO Parties” has the meaning set forth in Section 2(a).
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Related to ROFO Party

  • Transferring Party has the meaning given such term in Section 5.2(b).

  • Acquiring Party has the meaning given such term in Section 4.1.

  • Initiating Party means a party who gives notice under section 2 of this Schedule;

  • ROFO Notice is defined in Section 6.2(a).

  • ROFO Period is defined in Section 6.1(a).

  • Participating Party means an enterprise or public body that has committed itself to reaching certain objectives under a voluntary agreement, or is covered by a national regulatory policy instrument;

  • Delivering Party means the entity supplying capacity and energy to be transmitted at Point(s) of Receipt. Delivery Year:

  • Terminating Party As defined in Section 7.1(f).

  • Third Party Offer has the meaning set out in Section 6.4;

  • ROFR means a right of first refusal to purchase or a right of first offer to purchase one or more of the Mortgaged Properties pursuant to a recorded instrument (or a memorandum thereof) encumbering the applicable Mortgaged Property.

  • Breaching Party has the meaning set forth in Section 12.2.

  • of a Party means any corporation or other business entity controlled by, controlling or under common control with, such Party. For this purpose "control" shall mean direct or indirect beneficial ownership of more than fifty percent (50%) of the voting securities or income interest in such corporation or other business, or if not meeting the preceding requirements, any company owned or controlled by or owning or controlling such Party at the maximum control or ownership right permitted in the country where such company exists.

  • Prospective tenant means a tenant or a person who has

  • complaining Party means any Party that requests the establishment of an arbitration panel under Article 3.28 (Initiation of Arbitration Procedure);

  • Third Party Purchaser means any Person who, immediately prior to the contemplated transaction, (a) does not directly or indirectly own or have the right to acquire any outstanding Common Stock or (b) is not a Permitted Transferee of any Person who directly or indirectly owns or has the right to acquire any Common Stock.

  • Sublicensee means a third party to whom LICENSEE grants a sublicense of certain rights granted to LICENSEE under this Agreement.

  • Notifying Party As defined in Section 3.01(i).

  • Initiating Member shall have the meaning provided in Section 15.2(a).

  • Respondent Party has the meaning set forth in Section 7.6(b).

  • ROFR Notice has the meaning set forth in Section 3.02(d).

  • License holder means an individual, corporation, partnership, governmental unit, association or any other entity to whom a license was issued under Iowa Code chapter 137C, 137D or 137F.

  • Third Party Owner means any person who is the legal or beneficial owner (including a Lessor) of any Assets used or occupied by, or in the possession of the Deed Company as at the Appointment Date. 1.2 Interpretation In the Deed, unless a contrary indication appears or the context otherwise requires:

  • Transferring Member has the meaning set forth in Section 9.4.

  • First Offer Notice shall have the meaning set forth in Section 14.4(a).

  • Bankrupt Party has the meaning set forth in Section 14.7.

  • Transfer Notice means the notice of a proposed transfer of Shares described in Section 8.