ROFR definition

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.

ROFR means right of first refusal.

ROFR has the meaning set forth in Section 3(a).

Examples of ROFR in a sentence

• Right of First Refusal i.e. ROFR will be used for permit sales or 12 transfers.

• In no event will the rental rate for the Refusal Premises be less than the Basic Rent for the Leased Premises at the time the Tenant exercises this ROFR.

• The Placement Agent may elect, in its sole and absolute discretion, not to exercise the Right of First Refusal with respect to any Subject Transaction; provided, that any such election by the Placement Agent shall not adversely affect the Right of First Refusal with respect to any other Subject Transaction during the ROFR Period agreed to above.

• At or prior to 8:30 a.m. (New York City time) on the first Business Day following each consummation of a Mandatory Repurchase Right Transaction or consummation of a Company ROFR, the Company shall file with the Commission a Form 8-K describing the material terms of such transaction (such Form 8-K, the “Announcement Form 8-K”).

• If the Tenant does not exercise this ROFR in the time and manner aforementioned, or having delivered the Offer to the Landlord, the Landlord does not accept same, then the Landlord may proceed to lease the Refusal Premises to any third party and thereafter this ROFR shall be null and void and of no further force and effect and the Landlord shall be released from any further obligation to the Tenant in respect of same.

More Definitions of ROFR

ROFR means a right of first refusal, pre-emptive right of purchase or similar right whereby any Third Party has the right to acquire or purchase any of the WCBU Assets as a consequence of the Parties entering into this Agreement or the Transaction.

ROFR means the right of first refusal substantially in the form contemplated in Schedule E;

ROFR means, in relation to any Hydrocarbon Properties, an option, right of first refusal, right of first purchase, right of first offer or similar right.

ROFR means a right of first refusal, right of first offer or other pre-emptive or preferential right of purchase or similar right to acquire the Assets or certain of them that may become operative by virtue of this Agreement or the completion of the Transaction;

ROFR has the meaning set forth in Section 8.11.

ROFR has the meaning specified in Section 4(c).

ROFR means right of first refusal or purchase option.