ROFO Terms definition

ROFO Terms means terms no less favorable to Landlord than the terms and conditions contained in the Sale Notice, however, the purchase price may be up to five percent (5%) less than that set forth in the Sale Notice. If Landlord fails to sell such portion of the Project to a third party upon the ROFO Terms within eighteen (18) months following the deadline for giving the Exercise Notice, then Tenant’s ROFO shall be reinstated.
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ROFO Terms is defined in Section 11.1(a) hereof.
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ROFO Terms shall have the meaning as set forth in Section 28.4.
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Examples of ROFO Terms in a sentence

  • REPORT OF THE MAYOR AND BOARD OF TRUSTEESTrustee Campbell spoke about plans fo r improvements at Mayor’s Park and the purchase of dock safety items.

  • If the Transferors have accepted the ROFO Price within the said 180 (one hundred and eighty) days of receipt of the ROFO Notice, then within 30 (thirty) days of the date of the acceptance of the ROFO Notice, the Transferors and the concerned Promoters shall complete the Transfer of the ROFO Offered Securities to the applicable Promoters at the ROFO Offer Price and on the ROFO Terms.

  • In the event that the concerned Investor does not issue an Investor Acceptance Notice within the abovementioned period, such Investor shall be deemed to have declined the Promoter ROFO Terms.

  • If the Promoter ROFO Terms are acceptable to the concerned Investor, then such Investor shall deliver a notice to the Promoters (with a copy to the Company) (“ Investor Acceptance Notice”) at any time prior to expiry of the Promoter ROFO Period signifying its acceptance of the Promoter ROFO Terms.

  • The Transferors shall have the option to offer the ROFO Offered Securities to a third party (“ROFO Transferee”) at a price which is not less than the ROFO Offer Price and the terms and conditions for the Transfer of the ROFO Offered Securities to the ROFO Transferee are same and not more favourable compared to the ROFO Terms provided in the ROFO Transfer Notice.


More Definitions of ROFO Terms

ROFO Terms has the meaning set forth in Section 3.4(d).
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ROFO Terms has the meaning set out in clause 16.1(B)(i) (ROFO);
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ROFO Terms has the meaning set forth in Section 9.04(e).
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ROFO Terms shall have the meaning as ascribed to it in Clause 12.4.6.
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ROFO Terms has the meaning given in Clause 18.4.1(d); "Rules" has the meaning given in Clause 35.2;‌‌‌
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ROFO Terms means terms no less favorable to Landlord than the terms and conditions contained in the Sale Notice, however, the purchase price may be up to five percent (5%) less than that set forth in the Sale Notice.
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ROFO Terms means terms no less favorable to Landlord than the terms and conditions
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