Examples of Bona Fide Offer in a sentence
Subject to Section 5.03 above, prior to accepting any Bona Fide Offer to purchase the Property, Borrower shall notify County Board of such Bona Fide Offer and deliver a copy thereof (“Notice of Bona Fide Offer”).
The County Board may exercise its Phase II Refusal Right by giving a notice of intent to exercise its Phase II Refusal Right (the “Phase II Refusal Right Notice of Intent”) within ninety (90) days after County Board has received the Borrower’s Notice of Bona Fide Offer.
The County Board may exercise its Phase I Refusal Right and/or its Phase III Refusal Right by first giving a notice of preliminary intent to exercise its applicable Phase I or Phase III Refusal Right, subject to the fair market value price of the Property, (the “Preliminary RR Notice of Intent”) within ninety (90) days after County Board has received the Borrower’s Notice of Bona Fide Offer.
Borrower shall not accept any Bona Fide Offer unless and until the County Board’s applicable Phase I Refusal Right, Phase II Refusal Right or Phase III Refusal Right has expired without exercise by the County Board in accordance with this Section 5.04.
The deadline to accept any offer of sale shall be extended to allow the Tenant or Qualified Organization to exercise their Right to an Appraisal pursuant to Section [Right to an Appraisal], if they believe that the offer of sale is not a Bona Fide Offer of Sale.