Examples of ROFR Election in a sentence
If the Managing General Partner delivers the ROFR Election Notice, it shall close on the Fee Interest pursuant to the terms set forth in the Offering Notice.
If the Managing General Partner does not deliver a ROFR Election Notice, its right to exercise the ROFR Right shall be deemed to have been waived, and the Partnership shall thereafter, subject to Section 7.1, and the terms of the Regulatory Agreement, be free to market the Property and Transfer the Fee Interest to any independent third party on terms and conditions materially similar to those set forth in the Offering Notice.
A ROFR Election Notice shall be irrevocable and a binding agreement by the Remaining Shareholder to purchase the Transfer Shares, free from any Encumbrance and with all rights attached thereto at the Proposed Consideration.
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The three ICN Frameworks: for Merger Review Cooperation (2012), for Promotion of Sharing Non-Confidential Information for Cartel Enforcement (2016), and for Competition Agency Procedures (2019), are available at https://www.internationalcompetitionnetwork.org/frameworks/.
The closing of any purchase of Transfer Shares by the Remaining Shareholder shall be held at the principal office of the Company, 60 (sixty) days from the receipt of the ROFR Election Notice, or at such other time and place as the parties to the transaction may agree in writing.
A ROFR Election Notice shall constitute a binding commitment of the JV Company to purchase all of the Offered Assets.
If Seller does not deliver a ROFR Purchase Notice within the ROFR Election Period, Seller shall be deemed to have rejected the Transfer Offer.
Utilities retain control by having the authority to appoint the members of the board of directors subject to the approval of a state agency.Among the funds reviewed none is directly managed by a utility.
If a valid ROFR Election Notice is delivered prior to the Offer Deadline, the closing of the purchase of the Offered Assets by the JV Company shall occur not later than the later of (i) 30 days after the delivery of the ROFR Election Notice and (ii) such later date as may be necessary to comply with the requirements of any applicable Law or to obtain any necessary Governmental Approvals.