Amendment of Right of First Refusal Clause Samples

Amendment of Right of First Refusal. Section VI of the Purchase ----------------------------------- Agreement is hereby deleted in its entirety and substituted therefor shall be the following:
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Amendment of Right of First Refusal. Paragraph 41 of the Lease shall be deleted and replaced with the following: "Lessee shall have an on-going right of first opportunity to lease all space that becomes available at Two Maryland Farms. Available space shall be defined as any space that shall be vacated by an existing tenant who does not renew or extend their lease at expiration or upon termination of their lease. Lessor agrees to notify Lessee in writing of any available space or any space that shall become available as soon as practical. Lessee shall then have ten (10) business days to respond to Lessor in writing indicating whether or not Lessee wants to exercise its right to bring the offered space under lease. If Lessee does not respond within the ten (10) day period, Lessee shall have waived its rights and the space will be available to other interested parties. If Lessee does exercise its right of first opportunity, then Lessee shall bring the space under lease at the then current market rental and build-out rates with tenant improvements prorated for the number of months then remaining on the Lease. If Lessee leases the space "as is", then the rental rate and expiration date for the additional space shall be the same as provided under the original Lease.
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Amendment of Right of First Refusal. With written consent of more ----------------------------------- than 50% of the Investors the Company may amend this Section 2.
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Related to Amendment of Right of First Refusal

  • Assignment of Right of First Refusal The Company shall have the right to assign the Right of First Refusal at any time, whether or not there has been an attempted transfer, to one or more persons as may be selected by the Company.

  • Grant of Right of First Refusal Except as provided in Section 12.7 below, in the event the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares (the "TRANSFER SHARES") to any person or entity, including, without limitation, any shareholder of the Participating Company Group, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 (the "RIGHT OF FIRST REFUSAL").

  • Waiver of Right of First Refusal The Company hereby waives any preexisting rights of first refusal applicable to the transactions contemplated hereby.

  • Termination of Right of First Refusal The Right of First Refusal shall terminate as to any Shares upon the earlier of (i) the first sale of Common Stock of the Company to the general public, or (ii) a Change in Control in which the successor corporation has equity securities that are publicly traded.

  • Exercise of Right of First Refusal At any time within thirty (30) days after receipt of the Notice, the Company and/or its assignee(s) may, by giving written notice to the Holder, elect to purchase all, but not less than all, of the Shares proposed to be transferred to any one or more of the Proposed Transferees, at the purchase price determined in accordance with subsection (c) below.