Right of First Negotiation. The term “Right of First Negotiation” means that if, after the expiration of an applicable time limitation, the Seller desires to dispose of or exercise a particular right reserved to the Seller herein (the “Reserved Right”), whether directly or indirectly, then the Seller will notify PGE in writing and immediately negotiate with PGE regarding such Reserved Right. If, after the expiration of 90 days following the receipt of such notice, no agreement has been reached, then the Seller may negotiate with third parties regarding such Reserved Right subject to Clause 12 infra.
Appears in 5 contracts
Samples: Literary Purchase Agreement (Pacific Gold Entertainment Inc.), Literary Purchase Agreement (Pacific Gold Entertainment Inc.), Literary Purchase Agreement (Pacific Gold Entertainment Inc.)
Right of First Negotiation. The term “‘Right of the First Negotiation” means that if, after the expiration of an applicable time limitation, the Seller desires to dispose of or exercise a particular right reserved to the Seller herein (the “Reserved Right”’), whether directly or indirectly, then the Seller will shall notify PGE Buyer in writing and immediately negotiate with PGE Buyer regarding such Reserved Right. If, after the expiration of 90 120 days of following the receipt of such notice, no agreement has been reached, then the Seller may negotiate with third parties regarding such Reserved Right subject to Clause 12 infra.
Appears in 2 contracts
Samples: www.tracking-board.com, Literary Option and Purchase Agreement
