Grant of Right of First Refusal definition

Grant of Right of First Refusal differentiates the granting document (the “Grant”) from the real estate interest (the right of first refusal) granted by execution and delivery of the document.
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Examples of Grant of Right of First Refusal in a sentence

  • Neither this Grant of Right of First Refusal nor any memorandum hereof may be recorded.

  • Pursuant to the terms of an Agreement of Purchase and Sale and Grant of Right of First Refusal made effective July 19, 2004 between EMC and ▇▇▇▇▇▇▇ ▇.

  • Sellers agree that concurrently with the Closing, Sellers’ shall cause the owners of the ROR Facilities to grant Purchaser, for a period of two (2) years from the first Closing, a right of first refusal to purchase each of the ROR Facilities by a Grant of Right of First Refusal, which shall be in a form of Exhibit “K” and executed and recorded at Closing.

  • The Grant of Right of First Refusal shall provide, among other things, that if the owner of an ROR Facility (the “ROR Owner”) receives a bona fide third party offer to purchase the ROR Facility (the “ROR Offer”) that the ROR Owner is prepared to accept, then Purchaser shall have a period of time not to exceed ten (10) business days in which to agree, in writing, to the terms and conditions of the ROR Offer.

Related to Grant of Right of First Refusal