First right of refusal hotel contract
Clause 5 of the principal agreement except the right to first refusal in respect of any a preferential right of first refusal for award of the contract relating to the project hotel with IHCL to be given a first right of refusal to match the highest bid, Holders pay for the right of first refusal in many agreements or contracts. If the holder can't meet future terms, the seller can sell to anyone. Some agreements only First Right of Refusal. The Optionor shall grant to the Optionee the first right of refusal to purchase or option the Optionor’s interest in the Property on terms which shall have been offered by any third party. The Optionor shall notice Optionee of his intent to sell and the Optionee shall have 30 days to meet the terms of agreement to sell and to pay any consideration required thereunder. A right of first refusal is usually requested by an individual or company when it wants to see how a business or opportunity will turn out. The right holder may prefer the option to get involved at a later point, rather than make the outlay and commitment up front. Right of first refusal allows them to do this. Right of first refusal (ROFR or RFR) is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transaction with a third party. A first refusal right must have at least three parties: the owner, the third party or buyer, and the option holder. In general, the owner must make the same offer to the option holder Right of first refusal is a clause in a contract that allows someone the opportunity to have the first chance at a sale or other business deal. If the person who holds this right declines to exercise it, the person preparing to make the sale or deal can enter into an agreement with anyone. Right of first refusal agreement is a contractual right to enter into a business transaction with a person or company before anyone else can. If the entity with the right of first refusal declines to enter into a transaction, the owner of the asset who offered the right is free to open the bidding up to other interested parties.
(a) The Contractor shall give Government personnel who have been or will be adversely affected or separated as a result of award of this contract the right of first refusal for employment openings under the contract in positions for which they are qualified, if that employment is consistent with post-Government employment conflict of interest standards.
Define Hotel ROFR Agreement. means that certain Right of First Refusal Agreement (for a Hotel at Meadowlands Racetrack), dated June 30, 2005, by and The contract should also state that if the hotel gets a verifiable offer for a definite piece of business over the same dates, the group gets a first right of refusal. Clause 5 of the principal agreement except the right to first refusal in respect of any a preferential right of first refusal for award of the contract relating to the project hotel with IHCL to be given a first right of refusal to match the highest bid, Holders pay for the right of first refusal in many agreements or contracts. If the holder can't meet future terms, the seller can sell to anyone. Some agreements only
EXERCISE OF FIRST OPTION: This right of first refusal or first option to purchase may only be exercised by Purchaser within ten (10) days from notification by Seller that Seller desires to sell the subject property. Seller is obligated to provide such notice to Purchaser prior to offering the subject property to a third party.
3 Feb 2020 Rights of first refusal clauses are similar to options contracts as the holder has the right, but not the obligation, to enter into a transaction that 11 Apr 2013 Hotel contracts today must have mutual accountability in the event of the hotel to place a preliminary hold (giving you first right of refusal) as First Right of Refusal. If, at any time during the term of this Lease, Lessor shall, in response to a bona fide offer to purchase all or part of its interest Toggle navigation. /. Libraries. Libraries. Libraries. Contracts. Contracts; Amendment; Base Agreement; Board Resolution - Approval of Option Grant; Business Define Hotel ROFR Agreement. means that certain Right of First Refusal Agreement (for a Hotel at Meadowlands Racetrack), dated June 30, 2005, by and The contract should also state that if the hotel gets a verifiable offer for a definite piece of business over the same dates, the group gets a first right of refusal. Clause 5 of the principal agreement except the right to first refusal in respect of any a preferential right of first refusal for award of the contract relating to the project hotel with IHCL to be given a first right of refusal to match the highest bid,
Right of first refusal agreement is a contractual right to enter into a business transaction with a person or company before anyone else can. If the entity with the right of first refusal declines to enter into a transaction, the owner of the asset who offered the right is free to open the bidding up to other interested parties.
There are a limited number of Marriott Vacation Club properties that do NOT require a Right of First Refusal. Following is the list of Marriott Vacation Club Right of First Refusal Requirements listed by those who do not require a ROFR and those resorts with a 10 day, 15 day, 20 day and 30 day ROFR requirement.
(a) The Contractor shall give Government personnel who have been or will be adversely affected or separated as a result of award of this contract the right of first refusal for employment openings under the contract in positions for which they are qualified, if that employment is consistent with post-Government employment conflict of interest standards.
Right of First Refusal Agreement. Right of First Refusal Agreement Create your own printable contract — FREE! Download Printable Contract (.DOC format) Formatted and ready to use with Microsoft Word, Google Docs, or any other word processor that can open the .DOC file format. _____ (hereafter "Seller") and _____ (hereafter "Buyer"), having determined that it is in both parties' best Understanding the Right-of-First-Refusal Contract With the real estate market moving so fast these days, one aspect of the deal that many agents aren’t dealing with as much these days is a right-of-first-refusal. Right of first refusal agreement is a contractual right to enter into a business transaction with a person or company before anyone else can. If the entity with the right of first refusal declines to enter into a transaction, the owner of the asset who offered the right is free to open the bidding up to other interested parties.
Understanding the Right-of-First-Refusal Contract With the real estate market moving so fast these days, one aspect of the deal that many agents aren’t dealing with as much these days is a right-of-first-refusal.