Common use of Pre-Emptive Right Clause in Contracts

Pre-Emptive Right. 8.1 Pre-Emptive Right Prior to the Purchaser making any offer to sell Loans and their Related Security to any person other than to the Seller, the Purchaser shall first offer to sell such Loans and their Related Security to the Seller by serving on the Seller a notice in writing in the form set out in Schedule 8.1 (the “Loan Offer Notice”), subject to and in accordance with the terms of Article 7 of the Guarantor LP Agreement.

Appears in 2 contracts

Samples: Mortgage Sale Agreement, Mortgage Sale Agreement (RBC Covered Bond Guarantor Limited Partnership)

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Pre-Emptive Right. 8.1 Pre-Emptive Right Prior to the Purchaser making any offer to sell Loans and their Related Security to any person other than to the Seller, the Purchaser shall first offer to sell such Loans and their Related Security to the Seller by serving on the Seller a notice in writing in the form set out in Schedule 8.1 (the “Loan Offer Notice”), subject to and in accordance with the terms of Article 7 of the Guarantor LP Agreement.

Appears in 2 contracts

Samples: Mortgage Sale Agreement (RBC Covered Bond Guarantor Limited Partnership), Mortgage Sale Agreement

Pre-Emptive Right. 8.1 Pre-Emptive Right Prior to the Purchaser making any offer to sell Selected Loans and their Related Security to any person other than to the Seller, the Purchaser shall first offer to sell such Selected Loans and their Related Security to the Seller for an offer price in aggregate equal to the greater of the Fair Market Value of such Loans and the Adjusted Required Redemption Amount by serving on the Seller a notice in writing in the form set out in Schedule 8.1 (the “Loan Offer Notice”), subject to and in accordance with the terms of Article 7 of the Guarantor LP Limited Partnership Agreement.

Appears in 2 contracts

Samples: Subservicing Agreement, Hypothecary Loan Sale Agreement

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Pre-Emptive Right. 8.1 Pre-Emptive Right Prior to the Purchaser making any offer to sell any Loans and their Related Security to any person other than to the Seller, the Purchaser shall first offer to sell such Loans and their Related Security to the Seller by serving on the Seller a notice in writing in the form set out in Schedule 8.1 (the “Loan Offer Notice”), subject to and in accordance with the terms of Article 7 of the Guarantor LP Agreement.

Appears in 1 contract

Samples: Mortgage Sale Agreement

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