The Right of First Refusal Sample Clauses

The Right of First Refusal. Where the Employer has determined that a particular credit course is to be taught on a sessional basis, an applicant who applies for the position within the official posting period shall enjoy a right of first refusal in connection with it, provided: (a) i. (for three (3) credit unit courses) The applicant has taught the same three (3) credit unit course or a closely related three (3) credit unit course a minimum of three times in any three terms or four times in any two terms during the past four (4) year period. For the purpose of this provision, the four (4) year period is defined as starting on September 1 and ending forty-eight (48) months later on August 31. (NOTE: Teaching in the current term does not count until the course is completed in accordance with Article 14.05.);

The Right of First Refusal. If at any time one or more of the Founders propose to sell or otherwise transfer any Common Shares (as defined in Section 5.1.5 below) to parties other than the Holders (on a pro rata basis) in a transaction (a "Transaction") not registered under the Securities Act, then such Founder (a "Selling Founder") shall first promptly notify the Holders of its intention to do so pursuant to Section 5.1.

The Right of First Refusal. Every time LL makes an offer to a third party, or receives an offer from a third party, he must notify the tenant in writing, and join a copy in writing. S. 16.2, p. 353. These examples are very favorable. Usually, the LL will not disclose all of the terms of the agreement to you. Then you have 15 business days to take the offer on the same terms and conditions as the third party. LL: Would never allow an option like that for more than 48 hours. Tenant: Make sure 48 business hours. Also, make sure it is on the same terms, except the term of the lease. The term should be coterminous with my lease. LL: This would be bad because usually it will mean a smaller/shorter less time. So provide that the right will only be available if you are less than half way through your lease, for example. These rights are personal and do not provide a real right against the LL.

The Right of First Refusal. The provision in the Convertible Note pertaining to “Right of First Refusal” is hereby removed.

The Right of First Refusal. In addition to the shares that the Investor is required to purchase pursuant to Section 2.1(a), the Investor shall have the right of first refusal to purchase, for the Subscription Price per share, the lesser of (i) 6,000,000 shares of Common Stock, (ii) if the Company shall conduct the Rights Offering, all shares of Common Stock not purchased by stockholders exercising their Basic Subscription Rights, and (iii) the maximum number of shares of Common Stock that may be issued to the Investor without causing an “ownership change” under Section 382(g) of the Code (based on all shares of Common Stock outstanding at the completion of the transaction) (the “Optioned Securities”). The Investor shall notify the Company of the number of shares he wishes to purchase pursuant to this Section 2.1(b) within five (5) days after receiving written notification stating the number of shares for which subscriptions were received upon the exercise of Basic Subscription Rights and the Over-Subscription Privilege in any Rights Offering, and, if a Rights Offering shall not have been conducted, then prior to five (5) days before the Closing Date. The Shares of Common Stock described in subsections (a) and (b) of this Section 2.1 that the Investor is required and/or entitled to purchase after the Initial Purchase are referred to as the “Securities”, which combined with the Initial Securities, will equal the “Aggregate Securities.” The Company agrees that, notwithstanding anything to the contrary in this Agreement, if for any reason it shall not conduct or consummate the Rights Offering, it shall still permit the Investor to purchase the Aggregate Securities.

The Right of First Refusal