ROFR definition
Examples of ROFR in a sentence
Section 9.3(b) ROFR Waiver ......................................................................................
The ROFR Notice shall contain in reasonable detail all of the material terms of such Offer (including, but not limited to, square footage, rental rate, base year, tenant improvement and other allowances, rent concessions and abatements and other financial inducements, included parking spaces and lease term).
If NAC elects to pursue such ROFR Scope of Work, it shall deliver written notice to DI within the Consideration Period, and the Parties will proceed to negotiate and finalize definitive terms to complete same under this Agreement.
Upon mutual agreement of the Parties that the ROFR Notification covers a ROFR Scope of Work, NAC will have thirty (30) days (“Consideration Period”) to consider electing to undertake the ROFR Scope of Work.
Upon Landlord’s receipt of an Offer, Landlord shall promptly deliver written notice thereof to Tenant (a “ROFR Notice”); provided, however, that Landlord shall not deliver a ROFR Notice to Tenant for Suite B-230 prior to April 1, 2027.