ROFR Option definition

ROFR Option shall have the meaning set forth in Section 2.2.2.
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ROFR Option shall have the meaning given to such term in Section 8.16.2.
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ROFR Option has the meaning given in Section 9.5(b)(i). "Rules" has the meaning given in Section 14.3(a)(i).
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Examples of ROFR Option in a sentence

  • The ETE Parties shall advise the SXL GP Interest Owner in writing (the “Purchase Right Acceptance Notice”) of their intent to purchase the SXL GP Interest prior to the expiration of the ROFR Option Period.

  • A failure to advise the SXL GP Interest Owner of its election prior to the expiration of the ROFR Option Period shall be deemed to constitute an election not to acquire the SXL GP Interest.

  • A failure to advise the Selling Party in writing before the expiration of the ROFR Option Period as to whether or not the ETE Parties will acquire all of the Subject Interest pursuant to the preceding sentence shall be deemed to constitute an election not to acquire the Subject Interest.

  • In the event Sellers provide such notice to Buyer within the ROFR Option Period, then Buyer agrees to accept such offer from Sellers, and the parties shall work in good faith to enter into definitive documents relating to such transaction, on terms consistent with the ROFR Notice as well as such other terms and conditions as are typical of such a transaction, within the period of 90 days following the delivery of such notice by Sellers (the “Purchase Period”).

  • If the ETE Parties elect not to acquire the Subject Interest or the ETE Parties fail to make an election before the expiration of the ROFR Option Period, the Selling Party may Transfer the Subject Interest to the proposed Transferee named in the Sale Notice upon the terms and conditions described in the Sale Notice and in accordance with this Section 2.01(c).


More Definitions of ROFR Option

ROFR Option has the meaning set forth in Section 3.1.2.
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Related to ROFR Option

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • 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.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Option Notice has the meaning set forth in Section 5.2(a).

  • Call Option Notice means a written notice from the holder of the Call Option or the Administrator, as applicable, stating its desire to exercise the Call Option on the related Reset Date, delivered to each Clearing Agency, the Indenture Trustee, the Remarketing Agents, the Rating Agencies and, if the related class of Reset Rate Notes is then listed on the Luxembourg Stock Exchange, the Administrator will forward a copy to the Luxembourg Listing Agent (the contents of which are to be published in a leading newspaper having general circulation in Luxembourg).

  • First Refusal Right means the right granted to the Corporation in accordance with Article E.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

  • Renewal Option has the meaning set forth in §12.1.

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Employee Option means an Option granted pursuant to Section 5.

  • Put Right has the meaning set forth in Section 8.05(a).

  • Director Option means an Option granted pursuant to Section 6.

  • Remaining Shares has the meaning set forth in Section 4.1.2.

  • Call Option Period has the meaning given to it in Condition 6.04 (Call Option);

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

  • Purchase Option Notice As defined in Section 3.18(e).

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

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

  • Put Option Notice means a notice which must be delivered to a Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;

  • Option means a stock option granted pursuant to the Plan.

  • Repurchase Option has the meaning set forth in Section 1.3(a) hereto.

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.