Manufacturer's Right of First. Refusal In the event that, during or after the term of the Lease provided in Section 4.2 of this Agreement, the Operator wishes to divest itself of the TCS-1 System, pursuant to the discontinuance of its business, or otherwise, the Operator will give to the Manufacturer written notice to that effect and the Manufacturer will have a right of first refusal to repurchase the TCS- 1 System, at its fair market value, within a thirty-day period following the Manufacturer's receipt of such notice;
Appears in 3 contracts
Samples: Royalty Agreement (Tirex America Inc), Equipment Lease and Purchase Agreement (Tirex Corp), Rubber Crumb Purchase Option Agreement (Tirex America Inc)
Manufacturer's Right of First. Refusal In the event that, during or after the term of the Lease provided in Section 4.2 of this Agreement, the Operator wishes to divest itself of the TCS-1 TCTS-1 System, pursuant to the discontinuance of its business, or otherwise, the Operator will give to the Manufacturer written notice to that effect and the Manufacturer will have a right of first refusal to repurchase the TCS- 1 TCTS-1 System, at its fair market value, within a thirty-sixty (60) day period following the Manufacturer's receipt of such notice;
Appears in 2 contracts
Samples: Truck Tire Equipment Lease and Purchase Agreement (Tirex Corp), Truck Tire Equipment Lease and Purchase Agreement (Tirex Corp)
Manufacturer's Right of First. Refusal In the event that, during or after the term of the Lease provided in Section 4.2 of this Agreement, the Operator wishes to divest itself of the TCS-1 System, pursuant to the discontinuance of its business, or otherwise, the Operator will give to the Manufacturer written notice to that effect and the Manufacturer will have a right of first refusal to repurchase the TCS- 1 TCS-1 System, at its fair market value, within a thirty-sixty (60) day period following the Manufacturer's receipt of such notice;
Appears in 2 contracts
Samples: Equipment Lease and Purchase Agreement (Tirex Corp), Equipment Lease and Purchase Agreement (Tirex America Inc)
Manufacturer's Right of First. Refusal In the event that, during or after the term of the Lease provided in Section 4.2 of this Agreement, the Operator wishes to divest itself of the TCS-1 System, pursuant to the discontinuance of its business, or otherwise, the Operator will give to the Manufacturer written notice to that effect and the Manufacturer will have a right of first refusal to repurchase the TCS- 1 System, at its fair market value, within a thirty-sixty (60) day period following the Manufacturer's receipt of such notice;
Appears in 1 contract
Samples: Equipment Lease and Purchase Agreement (Tirex Corp)
