Common use of PRE-EMPTION RIGHTS Clause in Contracts

PRE-EMPTION RIGHTS. 9.1 If the CBC intends to sell Selected Mortgage Receivables (as defined in Schedule 4) and the Beneficiary Rights relating thereto on terms permitted or required by the Asset Monitoring Agreement, it shall first offer such Selected Mortgage Receivables and the Beneficiary Rights relating thereto for sale on the same terms to the Transferor or any third party appointed by the Transferor, by sending a notice substantially in the form of an Offer Notice as set out in Schedule 4 detailing all Selected Mortgage Receivables in the Annex thereto. Such offer can be accepted in full but not in part by the Transferor or third party nominated by such offeree, within the time limit set out in such Offer Notice. The Security Trustee shall sign such Offer Notice.

PRE-EMPTION RIGHTS. 9.1 If the CBC intends to sell Selected Mortgage Receivables (as defined in Schedule 4) and the Beneficiary Rights relating thereto on terms permitted or required by the Asset Monitoring Agreement, it shall first offer such Selected Mortgage Receivables and the Beneficiary Rights relating thereto for sale on the same terms to the Transferor or any third party appointed by the Transferor, by sending a notice substantially in the form of an Offer Notice as set out in Schedule 4 detailing all Selected Mortgage Receivables in the Annex thereto. Such offer can be accepted in full but not in part by the Transferor or such third party nominated appointed by such offereethe Transferor, within the time limit set out in such Offer Notice. The Security Trustee shall sign such Offer Notice.