Examples of ROFR Property in a sentence
Upon receipt of an Offer Notice, Delta will have fifteen (15) days to either (i) notify Operator that it wishes to consummate the transaction for or in connection with the ROFR Property set forth in the Offer Notice (the “Offered Property”) on the same financial terms and conditions as are in such Offer Notice, or (ii) notify Operator that it does not wish to consummate such transaction (failure to reply in such 15 day period shall be deemed to be an election by Delta not to consummate such transaction).
For a period of sixty (60) days after the receipt of an Offer Notice, Tenant shall have the right to purchase such part of the ROFR Property on the terms and conditions set forth in the Offer Notice or on such terms and conditions as may be agreed to between Tenant and Landlord.
The ROFR Property is on the north side of 81st South Road and to the west of the Purchased Property (it is located across from Burns’ 50 acre parcel that is not at issue in this case).
Agilent does hereby acknowledge, represent, warrant and agree, to and with Keysight, that in the event Agilent delivers an Election Notice in accordance herewith and the purchase of the ROFR Property closes pursuant to Section 2.14(b), Agilent shall purchase the ROFR Property in an “AS IS”, “WHERE IS” condition as of the date of the closing, subject to all facts, circumstances, conditions and defects.
The purchase of Keysight’s interest in the ROFR Property shall be consummated through an escrow established at a national title insurance company selected by Keysight on the closing date.