Common use of Right of First Refusal to Purchase Certain Assets Clause in Contracts

Right of First Refusal to Purchase Certain Assets. (a) Beginning on the date hereof and terminating on the Rights Termination Date, Noble Energy Group hereby grants to the Partnership a right of first refusal on (i) any proposed Transfer of ROFR Assets (other than a grant of a security interest to a bona fide third-party lender or a Transfer to the Noble Energy Group Member; provided that such Noble Energy Group Member shall remain bound by this Section 4.1(a) of the ROFR Assets); and (ii) the provision of ROFR Services on the ROFR Acreage. (b) The Parties acknowledge that all potential Transfers of ROFR Assets pursuant to this Section 4.1 are subject to obtaining any and all required written consents of Governmental Authorities. (c) The Partnership shall have the right, in its sole discretion, to assign its rights under this Section 4.1 to any Affiliate of the Partnership.

Appears in 2 contracts

Samples: Omnibus Agreement, Omnibus Agreement (Noble Midstream Partners LP)

AutoNDA by SimpleDocs

Right of First Refusal to Purchase Certain Assets. (a) Beginning on the date hereof and terminating on the Rights Termination Date, Noble, on behalf of itself and each Noble Energy Group Member, hereby grants to the Partnership a right of first refusal on (i) any proposed Transfer of any ROFR Assets by any Noble Energy Group Member (other than a grant of a security interest to a bona fide third-party lender or a Transfer to the any Noble Energy Group Member; provided that such Noble Energy Group Member shall remain bound by this Section 4.1(a) of with respect to the ROFR Assets); and (ii) the provision of ROFR Services to any Noble Energy Group Member on the ROFR Acreage. (b) The Parties acknowledge that all potential Transfers of ROFR Assets pursuant to this Section 4.1 are subject to obtaining any and all required written consents of Third Parties, including Governmental Authorities. (c) The Partnership shall have the right, in its sole discretion, to assign its rights under this Section 4.1 to any Affiliate of the Partnership.

Appears in 2 contracts

Samples: Omnibus Agreement (Noble Midstream Partners LP), Omnibus Agreement

AutoNDA by SimpleDocs

Right of First Refusal to Purchase Certain Assets. (a) Beginning on the date hereof and terminating on the Rights Termination Date, Noble Energy Group hereby grants to the Partnership a right of first refusal on (i) any proposed Transfer of any ROFR Assets by any Noble Energy Group Member (other than a grant of a security interest to a bona fide third-party lender or a Transfer to the any Noble Energy Group Member; provided that such Noble Energy Group Member shall remain bound by this Section 4.1(a) of with respect to the ROFR Assets); and (ii) the provision of ROFR Services to any Noble Energy Group Member on the ROFR Acreage. (b) The Parties acknowledge that all potential Transfers of ROFR Assets pursuant to this Section 4.1 are subject to obtaining any and all required written consents of Third Parties, including Governmental Authorities. (c) The Partnership shall have the right, in its sole discretion, to assign its rights under this Section 4.1 to any Affiliate of the Partnership.

Appears in 2 contracts

Samples: Omnibus Agreement (Noble Midstream Partners LP), Omnibus Agreement (Noble Midstream Partners LP)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!