Common use of First Refusal Clause in Contracts

First Refusal. In the event Lessors should desire to sell the leased premises during the term of this lease or any extended term. Lessors shall submit to Lessee in writing any bona fide offer received by Lessors, which writing shall name the offeror, the amount offered, and any other condition of the offer. Lessee shall thereafter have the right, for fifteen (15) days, in which to purchase the said premises upon the same terms and conditions as contained in said offer. In the event Lessee should fail to exercise the right to purchase within said fifteen (15) days, Lessors shall then be free to sell said premises to said offeror, however, the said premises shall not be sold for a less amount or upon more favorable terms and conditions than contained in said offer submitted to Lessee without Lessors again offering the same to Lessee. The right and privilege contained in this paragraph for the purchase of the leased premises shall only apply to Lessee or a successor bank.

First Refusal. In the event Lessors Lessor should desire to sell the leased premises during the term of this lease or any extended term. Lessors , Lessor shall submit to Lessee in writing any bona fide offer received by LessorsLessor, which writing shall name the offeror, the amount offered, and any other condition of the offer. Lessee shall thereafter have the right, for fifteen (15) days, in which to purchase the said premises upon the same terms and conditions as contained in said offer. In the event Lessee should fail to exercise the right to purchase within said fifteen (15) days, Lessors Lessor shall then be free to sell said premises to said offeror, however, the said premises shall not be sold for a less amount or upon more favorable terms and conditions than contained in said offer submitted to Lessee without Lessors Lessor again offering the same to Lessee. The right and privilege contained in this paragraph for the purchase of the leased premises shall only apply to Lessee or a successor bank.

First Refusal. In the event Lessors should desire to sell the leased premises during the term of this lease or any extended term. , Lessors shall submit to Lessee in writing any bona fide offer received by Lessors, which writing shall name the offeror, the amount offered, and any other condition of the offer. Lessee shall thereafter have the right, for fifteen (15) days, in which to purchase the said premises upon the same terms and conditions as contained in said offer. In the event Lessee should fail to exercise the right to purchase within said fifteen (15) days, Lessors shall then be free to sell said premises to said offeror, however, the said premises shall not be sold for a less amount or upon more favorable terms and conditions than contained in said offer submitted to Lessee without Lessors again offering the same to Lessee. The right and privilege contained in this paragraph for the purchase of the leased premises shall only apply to Lessee or a successor bank.