Designation Rights definition

Designation Rights means the exclusive right to irrevocably select, identify and designate each Designatable Lease in respect of which Assignee will acquire all of Sellers’ right, title and interest in and to the applicable Designatable Lease, together with all of Sellers’ right, title and interest in and to certain assets related to such Designatable Lease, to the extent, but only to the extent, set forth in Article II, all in accordance with the terms and conditions of this Agreement.

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Designation Rights shall have the meaning set forth in Section 7.8.

Designation Rights means the Manager designation rights pursuant to Section 6.2(a) and Section 6.2(b).

Examples of Designation Rights in a sentence

• Upon the terms and subject to the conditions of this Agreement and the Approval Order, on the Closing Date, Sellers shall sell, transfer, assign and convey, or cause to be sold, transferred, assigned and conveyed, to Buyer, and Buyer shall purchase from Sellers, the Designation Rights.

• Notwithstanding the immediately preceding sentence, upon the occurrence of a Designation Rights Trigger Event, the number of directors constituting the Group I Directors shall automatically be increased by the number of Group II Directors and Group III Directors that shall become Group I directors pursuant to paragraph (f) of this Article VI below.

• This purpose he shall provide requisite number of fire extinguishers and adequate number of buckets, some of which are to be always kept filled with sand and some with water this equipment shall be provided at suitable prominent and easily accessible place and shall be properly maintained.

• Upon the occurrence of a Designation Rights Trigger Event with respect to the Class B Common Stock, the rights of the Class B Common Stock pursuant to this paragraph (3) shall immediately terminate and no right to elect Group III Directors shall thereafter attach to the Class B Common Stock.

• Upon the occurrence of a Designation Rights Trigger Event with respect to the Class A Common Stock, the rights of the Class A Common Stock pursuant to this paragraph (2) shall immediately terminate and no right to elect Group II Directors shall thereafter attach to the Class A Common Stock.

More Definitions of Designation Rights

Designation Rights has the meaning set forth in Section 2.4.

Designation Rights means the exclusive right to select, identify and designate (on one or more occasions), as applicable (a) any Designation Rights Property in respect of which (i) Purchaser will acquire all of Sellers’ right, title and interest in and to the applicable Lease, together with all of Sellers’ right, title and interest in and to the related Potential Acquired Assets or (ii) the applicable Lease shall be rejected and (b) any Designation Rights Contract in respect of which (i) Purchaser will acquire all of Sellers’ right, title and interest in and to such Designation Rights Contract or (ii) such Designation Rights Contract shall be rejected, in each case (a) and (b), all in accordance with the terms and conditions of this Agreement; provided that Purchaser may not exercise the Designation Rights so as to cause the assumption, assignment or rejection of any Designation Rights Contract not exclusively related to the Designation Rights

Designation Rights has the meaning set forth in Section 1.1(a).

Designation Rights shall have the meaning set forth in Section XI.B.

Designation Rights means, collectively, the Lease Designation Rights and the Contract Designation Rights as described in Section 2.5 hereof.

Designation Rights means any provision of any Inferior Lease or Title Document which entitles the lessor of the relevant Inferior Lease or the freehold owner of the Premises to designate from time to time the route of a right of way or the subject matter of any other right granted or exercisable over the Premises where such designation does not require any response consent or approval from the relevant Counterparty;

Designation Rights means Genius Sports’ right(s) to use, in its marketing material, the designations or natural derivations thereof and Customer’s name and/or logo(s) as described in the Order Form.