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. 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 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. The company you hire it from is the only producer of the equipment, and the machinery you rent is the only one they hire out. Web right of first refusal (rofr), also known as first right of refusal, is a contractual right to match or refuse to match an offer on an asset after other offers have been made.
Effective at any time after january1, 2014, upon twelve (12) months prior written notice to tenant, landlord may terminate this lease should landlord decide that it will redevelop the building of which the premises are a part. 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. 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. November 16, 2023 by savannah minnery.
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. 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. 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 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. 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 ”). November 16, 2023 by savannah minnery. 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. The company hereby waives any preexisting rights of first refusal applicable to the transactions contemplated hereby.
Web waiver of right of first refusal clause samples. If the party with the rofr declines to enter a deal, the seller may accept alternative offers. Right of first refusal agreement.
Web First Right Of Refusal Clause Samples.
The company hereby waives any preexisting rights of first refusal applicable to the transactions contemplated hereby. 10.6 waiver of right of. 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 right of first refusal (rofr), also known as first right of refusal, is a contractual right to match or refuse to match an offer on an asset after other offers have been made.
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.
Web sample 1 sample 2 sample 3 see all ( 282) right of first refusal. 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. Web by practical law trusts & estates. 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 For Inclusion In A Commercial Contract.
Web (a) the company hereby grants to each purchaser the right of first refusal to purchase, at the same per share price and on the same terms and conditions, such purchaser 's pro rata share of new securities as the company may, from time to time, sell or issue after the date of this 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 ”). Right of first refusal to lease. Right of first refusal agreement.
Web Waiver Of Right Of First Refusal Clause Samples.
The company you hire it from is the only producer of the equipment, and the machinery you rent is the only one they hire out. Web this term has multiple meanings. Right of first refusal agreement. 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:
Effective at any time after january1, 2014, upon twelve (12) months prior written notice to tenant, landlord may terminate this lease should landlord decide that it will redevelop the building of which the premises are a part. 10.6 waiver of right of. Web this term has multiple meanings. 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. 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: