Exceptions to Ivanhoe Preemptive Right Clause Samples
Exceptions to Ivanhoe Preemptive Right. Paragraph 3.1 above shall not apply to the following:
4.1. transfer by Entrée of an Interest to an Affiliate provided that such Affiliate agrees in writing with Ivanhoe to be bound by Entrée’s obligations in Paragraphs 3.1 through 3.3 in respect of the transferred Interest;
4.2. corporate consolidation, reorganization, merger or amalgamation involving Entrée by which the surviving entity will possess substantially all of the stock, or all of the property rights and interests, and be subject to substantially all of the liabilities and obligations of Entrée;
4.3. the grant by Entrée of a security interest by mortgage, deed of trust, pledge, lien or other encumbrance and any transfer of such interest by reason of exercise of the rights granted to the secured party; or
4.4. a sale or other commitment or disposition of Products or proceeds from sale of Products by Entrée.
Exceptions to Ivanhoe Preemptive Right. Paragraph 3.1 above shall not apply to the following:
4.1. transfer by Entrée of an Interest to an Affiliate provided that such Affiliate agrees in writing with Ivanhoe to be bound by Entrée's obligations in Paragraphs 3.1 through 3.3 in respect of the transferred Interest;
4.2. corporate consolidation, reorganization, merger or amalgamation involving Entrée by which the surviving entity will possess substantially all of the stock, or all of the property rights and interests, and be subject to substantially all of the liabilities and obligations of Entrée;