Right to First Refusal Clause Samples
The Right to First Refusal clause grants a party the opportunity to accept or match an offer before the asset or interest is offered to others. In practice, if the owner receives a third-party offer to purchase or lease an asset, they must first present the same terms to the holder of the right, who can then choose to proceed with the transaction. This clause ensures the holder has priority access, protecting their interests and preventing the asset from being transferred to an outside party without their input.
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Right to First Refusal. The Association acknowledges the School Board’s right to hire non-District staff for extra-curricular positions, should an MBU not be interested. Vacancies for Extra- Curriculars may be concurrently posted, both internally and externally; provided, however, that external candidates are only considered if an MBU does not apply.
Right to First Refusal. BIW shall have a right of first refusal to purchase the Dry Dock upon the terms and conditions hereinafter described which right shall survive the expiration of the term of this Agreement to the extent hereinafter provided. If this Agreement is not terminated prior to the expiration of the 40-year term hereof and if within three (3) years immediately following such expiration the State desires to sell its interest in the Dry Dock, the State shall first offer to sell the Dry Dock to BIW at a price of One Million Six Hundred Sixty-Seven Thousand Dollars ($1,667,000). If BIW does not accept such offer within 90 days after receipt of written notice thereof, the State may sell the Dry Dock to any third party at such price or any higher price, but not at a lesser price. If the State desires to sell the Dry Dock at a lesser price, it shall first offer the Dry Dock to BIW at such lesser price in accordance with the foregoing procedures. If BIW does not exercise its right of first refusal as herein provided, then the State may sell its interest in the Dry Dock to any party.
Right to First Refusal rcm2 agrees it will give the Consultant right to first refusal for any work obtained on the basis of the Consultant’s expertisebefore offering it to others under a different service Agreement.
Right to First Refusal. If, at any time during the term hereof, ---------------------- the Patina Members or, as the case may be, the Galesi Members, desire to Transfer all or any part of their Membership Interest, such transferring Member shall promptly give written notice to the other Member with full information concerning the proposed Transfer, including copies of all agreements concerning the proposed Transfer, which shall include the name, address of the prospective purchaser, the purchase price and all other material terms and conditions thereof. The non-transferring Member shall then have a prior, optional right, for a period of thirty (30) days after receipt of written notice, to exercise its right to purchase the Membership Interest for cash and consistent with the terms and conditions on which the transferring Member has agreed to sell. In the event the non-transferring Member elects not to purchase the transferring Member's Interest, the transferring Member shall have ninety (90) days to complete the sale of the Interest to the prospective purchaser or any third party on the same terms and conditions as described in the notice to the non- transferring Member. If no transfer occurs within such period, the right of last refusal described herein shall again take effect. The rights set forth in this Section shall not apply to a Transfer described in Section 13.2, except as ------------ described in Section 13.2(e). For purposes of operation of this Section, the --------------- Patina Members shall constitute a single Member and the Galesi Members shall constitute a single Member.
Right to First Refusal. If UAG has entered into a bona fide written ownership transfer agreement for its dealership business or assets, AHM's right under this Section is a right of first refusal, enabling AHM to assume the buyer's rights and obligations under such ownership transfer agreement, and to cancel this Agreement and all rights granted UAG. Upon AHM's request, UAG agrees to provide other documents relating to the proposed transfer and any other information which AHM deems appropriate, including, but not limited to, those reflecting other agreements or understandings between the parties to the ownership transfer agreement. Refusal to provide such documentation or to state that no such documents exist shall create the presumption that the ownership transfer agreement is not a bona fide agreement.
Right to First Refusal. If overtime is needed to complete a task/project, the Union employees working on the job shall have the right of first refusal to work overtime to finish said job.
Right to First Refusal. Section 23.9 of the Lease is hereby deleted in its entirety.
Right to First Refusal. Only in the case, where the concession agreement completes its full terms, without termination as per clauses above (except in cases of Force Majeure), the Licensing Authority will have the option to renew the concession agreement for 39 years through a transparent competitive bidding process, with the right of first refusal to the Concessionaire.