This form is used by Owner to serve as notice that any proposed assignment by another owner of its interest in the Leases will be made subject to the terms of the Operating Agreement and that Owner intends to exercise the preferential purchase right provided in the Operating Agreement.
Hawaii Notice of Election to Exercise Preferential Purchase Rights Provided in Operating Agreement
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State:
Multi-State
Control #:
US-OG-363
Format:
Word;
Rich Text
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Description
How to fill out Notice Of Election To Exercise Preferential Purchase Rights Provided In Operating Agreement?
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A contractual right that requires an asset holder in a company to offer to sell its asset to the right holder before offering to sell it to third parties. Rights of First Offer (ROFO) | Practical Law - Westlaw westlaw.com ? document ? Rights-of... westlaw.com ? document ? Rights-of...
A Standard Clause that can be used in a limited liability company (LLC) agreement to require a member who wants to sell any portion of its membership interests in a company to offer those membership interests to the other members before offering them to a third party. LLC Agreement: Right of First Offer | Practical Law - Westlaw westlaw.com ? document ? LLC-Agr... westlaw.com ? document ? LLC-Agr...
§514B-105 Association; limitations on powers. (a) The declaration and bylaws may not impose limitations on the power of the association to deal with the developer which are more restrictive than the limitations imposed on the power of the association to deal with other persons.
In a ROFO, the divesting member must first negotiate with fellow members about the planned divestment before negotiating with third parties?meaning that the non-selling members have the right to make the first offer to the selling member.
A ROFO provides the non-selling shareholders with the right to make an offer for the selling shareholder's shares before the selling shareholder can solicit for third party offers for its shares. Navigating a shareholders agreement: ROFR or ROFO? - HFW hfw.com ? Navigating-a-shareholders-agree... hfw.com ? Navigating-a-shareholders-agree...
Landlord hereby grants to the named Tenant in this Third Amendment (the "Original Tenant"), and any Permitted Transferee or Permitted Assignee, an ongoing right of first offer with respect to (i) that certain space on the second (2nd) floor of the Building containing 5,846 rentable square feet of space commonly known ... Examples of right of first offer clauses in contracts - Afterpattern afterpattern.com ? clauses ? right-of-first-offer afterpattern.com ? clauses ? right-of-first-offer
