Common use of Preferential Right to Purchase Clause in Contracts

Preferential Right to Purchase. Any Transfer of all or a portion of a Development Party’s Joint Development Interest or a Material Interest, other than a Transfer thereof to a Wholly-Owned Affiliate shall be subject to the following procedure.

Appears in 3 contracts

Samples: Joint Development Agreement, Joint Development Agreement (Exco Resources Inc), Joint Development Agreement (Exco Resources Inc)

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Preferential Right to Purchase. Any Transfer of all or a portion of a Development Party’s or Entity Member’s Joint Development Interest or a Material Interest, other than a Transfer thereof to a Wholly-Owned Affiliate or a Transfer of an Other Interest shall be subject to the following procedure.

Appears in 1 contract

Samples: Joint Development Agreement (Exco Resources Inc)

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