Preferential Right. 2.1. In the event that the Master Royalty Recipient is declared insolvent or bankrupt, owners of Royalty Shares shall be entitled to receive, out of the Master Royalties available for distribution to Royalty Share owners, payment distributed in accordance with the following priority system: ■ Payments shall first be made to Royalty Share with token identification number one (1).
Preferential Right. Notwithstanding the provisions of Paragraph 20. above, Buyer shall have the right to Transfer all, but not less than all, of its right, title and interest in any Lease of which Buyer has earned a Secondary Term Assignment, but no such Transfer may be made unless and until Buyer shall have given Seller written notice of the offer received by Buyer therefor, with full information concerning the proposed sale, which shall include the name and address of the prospective purchaser (who must be ready, willing, and able to purchase), the purchase price, and all other terms on which the Transfer is to be made. Seller shall have a period of fifteen (15) days from receipt of such notice in which to elect to purchase Buyer's interest for the stated consideration and on the same terms and conditions; provided, however, Seller shall have no such preferential right to purchase in the case of a Transfer to an Affiliate or in the case of any sale, assignment or other transfer of the stock of Buyer Members by a shareholder; provided, further, that any change of control of Buyer during the time Buyer holds such Lease pursuant to a Secondary Term Assignment made hereunder, or of an Affiliate transferee or other transferee of Buyer following the Transfer thereto of such Lease which is subject to a Secondary Term Assignment made hereunder, shall be considered a Transfer subject to Seller's option to exercise its preferential right under the provisions of this Paragraph 21 with respect such Lease. In the event of any Transfer for consideration other than cash or other consideration with quantifiable value (e.g. marketable securities or debt), or in the event of a change of control of Buyer during the time Buyer holds such Lease pursuant to a Secondary Term Assignment made hereunder, or of an Affiliate transferee or other transferee of Buyer following the Transfer thereto of such Lease which is subject to a Secondary Term Assignment made hereunder, Seller's option to exercise its preferential right shall be based upon a price equal to the value allocated in good faith to the Property to be Transferred, or if no such allocation was made in the transaction giving rise to the Transfer, the preferential right shall be based upon the applicable price per net mineral acre set forth in Paragraph 7.A. of this Agreement. For the purposes of this Paragraph 21, a "change of control" of Buyer, or of an Affiliate transferee or other transferee of Buyer, shall mean a transaction or series of ...
Preferential Right. The existing shareholders shall have preferential rights with respect to the purchase of new shares to be issued. The duration and conditions of exercising such a priority shall be determined by the Board of Directors in accordance with the legislation. Decrease of Capital
Preferential Right. 6.1 For the same service, if an independent third party cannot offer better conditions and terms than Party B, Party A can grant Party B preferential right.
6.2 Party B undertakes to Party B that Party B shall not offer the same or similar services stated under this Agreement to a third party at terms more favorable than those offered to Party A.
6.3 Party B has the right to provide the same or similar service to a third party, on the condition that Party B continues to provide the same service agreed upon under this Agreement.
Preferential Right. 6.1 For the same service, if an independent third party cannot offer better conditions and terms than Netcom Group, CNC China can grant Netcom Group preferential right.
6.2 Netcom Group undertakes to CNC China that Netcom Group shall not offer the same or similar services stated under this Agreement to a third party terms more favorable than those offered to CNC China.
6.3 Netcom Group has the right to provide the same or similar service to a third party, on the condition that Netcom Group continues to provide the same service agreed upon under this Agreement.
Preferential Right. If the Company closes a Placement or a Transaction during the Term, for the twelve month period commencing on the later of (i) the date of the closing of the Placement or (ii) the date of the closing of any Transaction, Wellington shall have a preferential right whereby the Company will offer Wellington the first opportunity to provide any financing arrangements to the Company.
Preferential Right. Tenant, during the Term, shall have the prior right to buy the whole or any part of the Leased Premises if Landlord receives from a third party an acceptable bona fide offer to buy, or if Landlord offers to sell such Leased Premises in a general offering or solicitation for the sale of same (a “General Solicitation”).
Preferential Right. This lease agreement will expire after nine years. The Lessee will receive the preferential right to lease the leased premises again through, in that case, closing a lease agreement, based on the same conditions as this lease agreement (indexed rent amount). Drawn up in Mechelen on 6/30/99 in triplicate, of which each party acknowledges to have received one signed copy following its signing, and one copy is intended for registration by the Lessor at the expense of the Lessee. For the Lessor, For the Lessee, /s/ Xxxx Xxxxxxxxx /s/ Onno van xx Xxxxxx
Preferential Right. The Ejido hereby grants to the Company, and the Company acquires from the Ejido, the exclusive and preferential right of first refusal to acquire in first term, under equal terms and conditions of sale, the ownership rights in and to the Mining Occupation Land.
10.1. If the Ejido elects to sell or transfer, or has received a bona fide offer to purchase, the ownership of a portion or all of the surface area comprising the Mining Occupation Land, then it shall, within a term of ten calendar days following such election or receipt, as the case may be, deliver a notice in writing to the Company expressing the terms and conditions intended for sale or, as the case may be, the terms and conditions offered to purchase.
10.2. Upon receipt of the notice, the Company shall have a term of 60 calendar days to express its election to purchase, in the same terms and conditions set out in such notice, the rights intended for sale or offered to purchase, as the case may be.
10.3. If at the conclusion of the said term, the Company has not expressed its election to purchase the rights intended for sale or offered to purchase, then the Ejido shall be free to sell or transfer, in the same terms and conditions set out in the respective notice, the portion or all of the surface area of the Mining Occupation Land subject matter thereof.
Preferential Right. During a period of ….. after the signature of the present contract, the publisher shall enjoy a preferential right on any other work of the same genre, in return for the conclusion of a new contract with the author. The author undertakes to propose first to the publisher, within the period set forth in the preceding paragraph, any new work of the same genre and to give the publisher a time period of 60 days allowing him to possibly accept the publishing, of which the publisher informs the author explicitly. If the work is not accepted within the abovementioned time limit, the author can freely contact other publishers.
