Term of Right of First Refusal Sample Clauses

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Term of Right of First Refusal. This Right of First Refusal shall be effective during the Term of this Lease, including any extensions or renewals, and shall expire upon the expiration or earlier termination of the Term of this Lease (or earlier if the Right of First Refusal is terminated pursuant to the terms of this Paragraph 52). If Tenant exercises the Right of First Refusal and thereafter defaults under the terms of the Offer, or exercises any right under the Offer to rescind the Offer in accordance with the terms of the Offer, this Right of First Refusal shall terminate and shall be of no further force or effect. In addition, if Tenant defaults in its obligations under the terms of an Offer which Tenant has accepted, such default shall, at the option of Landlord, constitute an Event of Default by Tenant under this Lease.
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Term of Right of First Refusal. The right of first refusal to purchase provided to SNH in this Agreement shall automatically terminate and be null and void with respect to any ROFR Property at the earlier of (i) the sale of such ROFR Property pursuant to Section 1(b) or (c)(iii) or (iv) of this Agreement, or (ii) the date that is thirty-five (35) years from and after the date hereof.
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Term of Right of First Refusal. The term of the Right of First Refusal shall commence on the date of this Agreement and end fifty-five (55) years thereafter.
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Term of Right of First Refusal. Subject to all of the terms and conditions contained in the Right of First Refusal, the Refusal Right may be exercised upon notice by City to Owner as specified in the Right of First Refusal.
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Term of Right of First Refusal. The right of first refusal set forth in subsection (b) above shall expire, in the case of an independent or assisted living facility, on the earlier to occur of (i) two (2) years after the Restriction Period; (ii) the Outside Date; (iii) with respect to any particular Offered Property, the Buyer's election not to exercise its rights hereunder to purchase the same; provided, and on the condition that, the Seller shall only be entitled to sell, and shall have sold, the Offered Property on the Offered Terms; or (iv) in the event that the Closing does not occur, upon the termination of this Agreement. The right of first refusal shall expire, in the case of a nursing home, on the earlier to occur of (w) six (6) years after the Closing; (x) the Outside Date; (y) with respect to any particular Offered Property, the Buyer's election not to exercise its rights hereunder to purchase the same; provided, and on the condition that, the Seller shall only be entitled to sell, and shall have sold, the Offered Property on the Offered Terms; or (z) in the event that the Closing does not occur, upon the termination of this Agreement.
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Term of Right of First Refusal. Term of RFR RFR ends on Disposal which complies with this Deed
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Related to Term of 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.

  • 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.

  • 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.

  • Right of First Refusal (a) Whenever and as often as the WAT Trustee or its successors or assigns (each, a "Seller") shall desire to sell all or any of the Warrants granted to the WAT Trustee pursuant to the Subscription Agreement and Plan of Reorganization Relating to CenterMark Properties, Inc., dated as of May 13, 1996, and in connection with the Public Offering (together, the "Company Warrants"), pursuant to a bona fide offer for the purchase thereof, the Seller shall give notice (the "Notice") to WHL (the "Offeree") in writing to such effect, enclosing a copy of such bona fide offer (it being agreed that the Seller shall cause any such offer to be reduced to writing) and specifying the portion of the Company Warrants which the Seller desires to sell (the "Seller's Warrant"), the name of the person or persons to whom the Seller desires to make such sale and the dollar value of the consideration which has been offered in connection therewith. Upon receipt of the Notice, the Offeree initially shall have the first right and option to purchase up to all of the Seller's Warrant, for cash at a purchase price equal to the dollar value of such consideration, exercisable for a period of 30 days from the date of receipt of the Notice (the "Expiration Date"). Failure of the Offeree to respond to the Notice within the 30-day period shall be deemed to constitute a notification to the Seller of the Offeree's decision not to exercise the first right and option to purchase the Seller's Warrant under this Section 3. (b) The Offeree may exercise the right and option provided in this Section 3 by giving written notice to the Seller not later than the close of business on the date of expiration of such right and option (or if such date is not a business day, then on or before the close of business on the next succeeding business day), advising of the election to exercise the same and the date (not later than 30 days from the date of such notice) upon which payment of the purchase price for the Seller's Warrant shall be made. The Seller shall cause to be delivered to the Offeree notice, on the payment date specified in such notice, the certificate or certificates representing the Seller's Warrant being purchased by the Offeree, properly endorsed for transfer, against payment of the purchase price therefor. (c) If all the Seller's Warrant is not purchased by the Offeree in accordance with this Section, the Seller (i) shall not be required to sell any of the Seller's Warrant to the Offeree and (ii) may, during the 90-day period commencing on the expiration of the rights and options provided for in this Section, sell all (but not less than all) of the Seller's Warrant to the transferee named in the Notice for a consideration the dollar value of which is equal to or greater than the dollar value of the consideration specified in the Notice, subject in each case to the restrictions contained in this Section 3 of this Agreement. (d) WHL may designate or assign its rights to purchase the Company Warrants pursuant to this Section 3 to any person or entity with the prior written consent of the Seller, such consent not be unreasonably withheld or delayed.