Common use of Preferential Rights Clause in Contracts

Preferential Rights. (a) Except as permitted by Section 5.2, the Sponsor Entities shall be prohibited from investing in, constructing, or acquiring an interest in any Domestic Cokemaking Asset. (b) The Partnership Entities shall be prohibited from pursuing any business opportunity other than investments in, construction of, or acquisitions of Domestic Cokemaking Assets, except upon the written consent of the Sponsor, which consent shall be given or withheld at the sole discretion of the Sponsor and which shall be limited by such conditions as Sponsor may require at its sole discretion.

Appears in 7 contracts

Samples: Omnibus Agreement, Omnibus Agreement, Omnibus Agreement (SunCoke Energy, Inc.)

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