Rights of Refusal. Refusal on first recall from RIF results in the teacher remaining on the RIF list. Second right of refusal is by mutual agreement of the parties, specifically, the Superintendent, the teacher, the Association, and the Board. Third refusal of recall will result in the teacher being removed from the RIF list.
Rights of Refusal. If the holders of a majority of the shares of Preferred Stock then outstanding do not prohibit the proposed sale or transfer of shares by Xxxxx pursuant to Section 11.1, for a period of 30 days following the Company's receipt of the Notice of Sale, the Company shall have the right to purchase all but not less than all of the shares designated in the Notice of Sale on the same terms and conditions and for the price or consideration designated therein (the "First Right of Refusal"). If the Company does not exercise its First Right of Refusal, then, for a period of 30 days following the receipt by the holders of the Preferred Stock of notice from the Company of the Company's decision not to exercise its First Right of Refusal, the holders of the Preferred Stock shall' have the right to purchase all but not less than all of the shares from Xxxxx on the same terms and conditions and for the price or consideration designated in the Notice of Sale (the "Second Right of Refusal"). At the sole option of the holders of a majority of the shares of Preferred Stock then outstanding, the Company may be permitted to participate with the holders of the Preferred Stock in the purchase of the shares pursuant to the Second Right of Refusal so long as the holders of the Preferred Stock and the Company together purchase all but not less than all of the shares. Notice of the Company's intention to purchase the shares pursuant to its First Right of Refusal shall be evidenced by a writing signed by the Company and delivered to Xxxxx prior to the end of the 30th day following the Company's receipt of the Notice of Sale. Notice of the intention of the holders of the Preferred Stock to purchase the shares evidenced by their Second Right of Refusal shall be evidenced by a writing signed by the holders of the Preferred Stock and delivered to Xxxxx prior to the end of the 30th day following the later of the holders' receipt of the Notice of Sale or the holders' receipt of the notice of the Company's decision not to exercise its First Right of Refusal. In the event the holders of the Preferred Stock do not exercise their Second Right of Refusal, Xxxxx shall have the right to sell or transfer the shares designated in the Notice of Sale on the same terms and conditions and for the price or consideration designated therein within 60 days from the expiration of the period during which the holders had the option to purchase the shares pursuant to its Second Right of Refusal. After such 60-da...
Rights of Refusal. 21 11.5 Exceptions...................................................22 11.6
Rights of Refusal. Subject to Section 7.4(a), in the event that any of the Members other than a TA Member entertains a bona fide, arm’s length offer (a “Transaction Offer”) from any other Person (a “Buyer”) to purchase all or any portion of the Class C Units or Class D Units held by such Member, such Member (a “Transferring Member”) may, subject to the provisions of Section 7.4(d). Transfer such Units pursuant to and in accordance with the following provisions of this Section 7.4(c):
Rights of Refusal. NAC reserves the right to refuse any works not deemed appropriate, or not deemed displayable due to damage, or lack or proper hanging or display apparatus. Works will not be accepted without a signed exhibition agreement.
Rights of Refusal. 3.1 Except as permitted by Section 2(a) hereof, no Stockholder shall Transfer any shares of Common Stock, including shares of Common Stock issued or issuable upon the exercise or conversion of options, warrants, convertible securities or other similar instruments, or any interest therein, whether presently owned by such Stockholder or hereafter acquired by purchase or by stock dividend, split up, combination, reclassification, reorganization, consolidation or merger, except in accordance with the terms of this Section 3 as follows:
(a) In the event that at any time following the third anniversary of the date of this Agreement any Stockholder desires to Transfer all or any portion of his shares of Common Stock or any interest therein (hereinafter sometimes referred to as the "Offeror"), he shall first deliver to the Company and to each other Stockholder, a written notice (the "Notice of Proposed Transfer") specifying the name and address of the proposed transferee (hereinafter sometimes referred to as the "Proposed Purchaser"), the identity and total number of shares of Common Stock which the Offeror then desires to Transfer (the "Offered Shares"), and all of the terms, including the price and payment terms, upon which the Offeror proposes to Transfer the Offered Shares to the Proposed Purchaser. The Notice of Proposed Transfer shall also state that the Company and/or the other Stockholders shall have the right to purchase the Offered Shares in the order specified in paragraph (b) hereof, at the price specified in paragraph (e) hereof, and on the other terms specified in the Notice of Proposed Transfer (an "Offer").
(i) During the thirty (30) day period commencing on the date of the Company's receipt of the Notice of Proposed Transfer, the Company shall have the first option to purchase all or any portion of the Offered Shares, before the same may be Transferred to any other Person. The Company must give written notice of its election to the Offeror and the other Stockholders during such 30-day period, specifying the number of shares it intends to purchase and stating that it has the ability to complete the intended purchase.
(ii) In the event that the Company does not elect to purchase all of the Offered Shares pursuant to clause (i) of this paragraph (b), then each other Stockholder shall have the second option to purchase, for a period of fifteen (15) days commencing on the first day immediately following the expiration of the 30- day period specified in...
Rights of Refusal. 21 11.5 Exceptions. . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 11.6
Rights of Refusal. Whitespace will not include in its designs, any text, images or other data, which it deems to be immoral, offensive, obscene or illegal. All materials must conform to all standards laid down by all relevant standards authorities. Whitespace also reserves the right to refuse to include submitted material without giving reason. Any images and/or data that Whitespace does include in all good faith, and then finds out that it contravenes these Terms and Conditions of Service, the Client is obliged to allow Whitespace to remove the contravention without hindrance, or penalty. Whitespace is to be held in no way responsible for any such data being included.
Rights of Refusal. Tenant acknowledges that Sonat Exploration Company ("Sonat") and Xxxxx Xxxxxxx Natural Gas ----------------- Corp ("Xxxxx Xxxxxxx") have certain rights of refusal in and to the Leased Premises, which rights of refusal should be exercised or expire prior to the Effective Date hereof. Accordingly, this Lease is expressly conditioned upon Sonat and Xxxxx Xxxxxxx, respectively, either failing to exercise or expressly waiving their rights of refusal in and to the Leased Premises, on or before the Effective Date and in the event such conditions are not satisfied then this Lease shall be null and void and the parties shall have no further rights or liabilities to each other hereunder.
Rights of Refusal. 15 3.2 Right of Co-Sale...................................... 17 3.3 Non-Exercise of Rights................................ 18 3.4 Limitations to Rights of Refusal and Co-Sale.......... 18 3.5
