First Right Of Refusal Clause Sample
First Right Of Refusal Clause Sample - Web (a) each credit party agrees that, subject to the availability of revolving commitments, no less than 50% of receivables (by principal balance) that qualify as eligible receivables that the originator or its affiliates originates or acquires during any collection period during the revolving commitment period shall be financed through the facilit. The company hereby waives any preexisting rights of first refusal applicable to the transactions contemplated hereby. A right of first refusal is beneficial to interested parties because it gives them the opportunity to have first dibs before any other offers can be received on the. Web in real estate, right of first refusal (rofr) is a contract clause that gives certain people the contractual right to purchase a property before the seller accepts public offers. Web right of first refusal (rofr): A standard clause that can be included in a will or trust instrument to grant a testator's or settlor's child or other individual a right of first refusal before property is sold as part of an estate or trust administration. The clause requires the grantor of the right to offer contract terms to the grantee before it can conclude a contract on the same terms with a third party. Web sample 1 sample 2 sample 3 see all ( 282) right of first refusal. Web the right of first refusal agreement grants one party the opportunity to purchase a property or asset before it is offered to others, usually on the same terms. Web first right of refusal clause samples.
A corporation or a limited liability company, a contractual obligation of an equity holder (a stockholder or member, as applicable) to offer to sell its equity to the other holders, or sometimes back to the company, after receiving a bona fide offer from a third party to buy that equity stake. Web tenant shall have a right of first refusal (refusal right) to purchase the premises or the controlling interest therein or the portion of landlord 's ownership interests that is the subject of the outside contract in accordance with the terms and provisions thereof. A contractual right that gives a specified party the opportunity to purchase or enter into a contract before it is offered to other potential buyers or contractors. Web sample 1 sample 2 sample 3 see all ( 282) right of first refusal. 10.6 waiver of right of. Subject to the terms and conditions of this section 5, tenant shall have, during the lease term (including any extension terms ), a right of first refusal to lease the third (3rd) and fourth (4th) floors of the xxxxxx building (the “ first refusal space ”). Web first right of refusal clause samples.
Provided however, that this right of first refusal shal. Web a standard clause in many shareholder agreements, including unanimous shareholder agreements (usas), which requires a shareholder who has received an offer to purchase all or any portion of its shares in a corporation from a third party to first offer those shares to the other shareholders. Web in real estate, right of first refusal (rofr) is a contract clause that gives certain people the contractual right to purchase a property before the seller accepts public offers. Web the right of first refusal agreement grants one party the opportunity to purchase a property or asset before it is offered to others, usually on the same terms. November 16, 2023 by savannah minnery.
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A right of first refusal clause is a statement in a residential lease agreement that allows the tenant or occupant of a rental unit to make the first offer on their property in the event that the landlord chooses to sell it. The clause requires the grantor of the right to offer contract terms to the grantee before it can conclude a contract on the same terms with a third party. Web a standard clause in many shareholder agreements, including unanimous shareholder agreements (usas), which requires a shareholder who has received an offer to purchase all or any portion of its shares in a corporation from a third party to first offer those shares to the other shareholders. Right of first refusal agreement. Web in real estate, right of first refusal (rofr) is a contract clause that gives certain people the contractual right to purchase a property before the seller accepts public offers. Web the right of first refusal (section 2.1) provides that where a shareholder proposes to transfer shares of the company, the company shall have a right of first refusal to purchase all or any portion of such shares that such shareholder may propose to transfer at the same price and on the same terms and conditions as those offered to the.
Subject to the terms and conditions of this section 5, tenant shall have, during the lease term (including any extension terms ), a right of first refusal to lease the third (3rd) and fourth (4th) floors of the xxxxxx building (the “ first refusal space ”). Web right of first refusal (rofr): 4.2 waiver of right of first refusal. Unless otherwise stated in the award agreement or the exercise agreement, the company reserves to itself and/or its assignee (s) a right of first refusal to purchase all shares that a participant (or a subsequent transferee or assignee) may propose to transfer to a third party (the right of first. The purchaser, the company and each of the founders shall have executed the rofr agreement.
A right of first refusal clause for inclusion in a commercial contract. November 16, 2023 by savannah minnery. A corporation or a limited liability company, a contractual obligation of an equity holder (a stockholder or member, as applicable) to offer to sell its equity to the other holders, or sometimes back to the company, after receiving a bona fide offer from a third party to buy that equity stake. Web waiver of right of first refusal clause samples.
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A contractual right that gives a specified party the opportunity to purchase or enter into a contract before it is offered to other potential buyers or contractors. If the party with the rofr declines to enter a deal, the seller may accept alternative offers. Right of first refusal to lease. Web right of first refusal (rofr):
The Clause Requires The Grantor Of The Right To Offer Contract Terms To The Grantee Before It Can Conclude A Contract On The Same Terms With A Third Party.
Web the right of first refusal (section 2.1) provides that where a shareholder proposes to transfer shares of the company, the company shall have a right of first refusal to purchase all or any portion of such shares that such shareholder may propose to transfer at the same price and on the same terms and conditions as those offered to the. Right of first refusal agreement. Subject to the terms and conditions of this section 5, tenant shall have, during the lease term (including any extension terms ), a right of first refusal to lease the third (3rd) and fourth (4th) floors of the xxxxxx building (the “ first refusal space ”). Web the right of first refusal agreement grants one party the opportunity to purchase a property or asset before it is offered to others, usually on the same terms.
Unless Otherwise Stated In The Award Agreement Or The Exercise Agreement, The Company Reserves To Itself And/Or Its Assignee (S) A Right Of First Refusal To Purchase All Shares That A Participant (Or A Subsequent Transferee Or Assignee) May Propose To Transfer To A Third Party (The Right Of First.
A right of first refusal clause is a statement in a residential lease agreement that allows the tenant or occupant of a rental unit to make the first offer on their property in the event that the landlord chooses to sell it. Web first right of refusal clause samples. If any partner shall enter into an agreement to sell their ownership interest in the partnership with an individual or entity that is not a current partner, the following parties must be given a first right of refusal before such a transaction can take place: A standard clause that can be included in a will or trust instrument to grant a testator's or settlor's child or other individual a right of first refusal before property is sold as part of an estate or trust administration.
Web In Real Estate, Right Of First Refusal (Rofr) Is A Contract Clause That Gives Certain People The Contractual Right To Purchase A Property Before The Seller Accepts Public Offers.
Web sample 1 sample 2 sample 3 see all ( 282) right of first refusal. A legally binding agreement is one that has been agreed to by all parties involved and is enforceable by a court of law. Right of first refusal agreement. The company hereby waives any preexisting rights of first refusal applicable to the transactions contemplated hereby.