Manner Of Exercise Of Right Of First Refusal Clause Samples

Manner Of Exercise Of Right Of First Refusal. The right of first refusal described in this SECTION 10.5 shall be exercised by mailing by certified mail written acceptance by the purchaser of the offer to the transferring Member within the particular period involved.
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Manner Of Exercise Of Right Of First Refusal. In the event the McGeeneys do not exercise their option to purchase the property during the option term and become entitled to a right of first refusal for a period covering nine (9) months immediately succeeding the term of the option to purchase, if during such Term Of Right Of First Refusal Availent receives a written offer to purchase the Property from a third party, as a condition of accepting such offer, Availent shall be obligated to proved the McGeeneys written notice of all the terms and conditions of the offer and the McGeeneys shall have a period of thirty (30) days within which to submit a written offer to purchase the Property from Availent upon terms equal to or better than the terms of the offer submited to Availent by the third party. In the event the McGeeneys do not elect to exercise their right of first refusal within such thirty (30) day period, the right of first refusal shall terminate as to such third party offer, and Availent shall be free and clear to enter into a contract with such third party free and clear of the right of first refusal and to close the transaction upon the terms offered by the third party. However, in the event the third party offer does not result in a closing of the transaction, upon termination of any contractual obligation to the third party, if such termination occurs prior to the expiration of the Term Of Right Of First Refusal, prior to the acceptance of any additional third party offers, Availent shall comply with the terms of the ▇▇▇▇▇▇▇▇'▇ right of first refusal as described herein.
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Related to Manner Of Exercise Of Right Of First Refusal

  • 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.

  • 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").

  • 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.

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

  • 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.