ROFR Properties definition
Examples of ROFR Properties in a sentence
In such event, subject to the provisions of the Declaration of Trust of HRPT, SNH shall have the option, exercisable by written notice to HRPT within sixty (60) days after HRPT’s notice to SNH regarding such Change of Control, to purchase any or all of the ROFR Properties owned by the Grantor to which such Change of Control applies (or any Subsidiary of such Grantor), for a purchase price equal to, with respect to each such ROFR Property, the Change of Control Purchase Price.
The Grantors hereby grant to SNH, subject to the Declaration of Trust of HRPT Properties Trust (“HRPT”) and subject to and in accordance with the terms and conditions of this Section 1, the right of first refusal to purchase the ROFR Properties.
CNT agrees that if it receives or delivers a bona fide letter of intent or other bona fide expression of interest in purchasing or selling any one or more of the ROFR Properties (“Letter of Intent”) that CNT has accepted, Venture shall, subject to the provisions set forth in this Section 3, have the right to purchase the applicable ROFR Properties on the same terms and conditions set forth in the Letter of Intent.
This Agreement shall run with the ROFR Properties, and shall be binding upon and shall inure to the benefit of the parties hereto and their respective legal representatives, successors and permitted assigns.
If Venture decides to exercise such right to purchase the ROFR Properties covered by the Letter of Intent, Venture shall give written notice to CNT within fourteen (14) days thereafter (“ROFR Exercise Period”).
During the one (1) year period (“ROFR Period”) after a Bid Notice is given by Venture to CNT, Venture shall have a right of first refusal to purchase the ROFR Properties in accordance with the provisions of this Agreement.
Seller shall, upon receipt from Tenant of either: (a) the notice of non-exercise of Tenant’s right of first refusal in connection with Buyer’s purchase of the ROFR Properties, or (b) the notice that Tenant shall exercise its right of first refusal or option to purchase (either such notice shall be referred to in this Agreement as the “Tenant’s Election Notice”), promptly deliver a copy of such Tenant’s Election Notice to Buyer.
The Sponsor will be obliged to offer to sell the Sponsor ROFR Properties to the Enlarged Group should any Relevant Entity decide to divest its interest in such properties, subject to any prior overriding obligations which the Sponsor may have in relation to the Sponsor ROFR Properties.
Notwithstanding the foregoing, the EPP Indemnified Parties hereby agree that the aggregate liability of Company for Damages under this Section 9.9 shall not exceed $1,300,000.00 with respect to each of the ROFR Properties.
Notwithstanding the foregoing, in no event shall the ROFR Properties be deemed to include the ▇▇▇▇-▇▇▇▇▇▇▇ Hotel in White Plains, New York.