First Offer Negotiation Period definition

First Offer Negotiation Period has the meaning given such term in Section 5.2(c).
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First Offer Negotiation Period has the meaning given such term in Section 5.2. “General Partner” is defined in the introduction to this Agreement.
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First Offer Negotiation Period has the meaning given such term in Section 4.2(c). “Five-Year Drilling Rig” means any tender rig, drilling rig or drillship operating under a drilling contract for five or more years (other than a drilling contract among Seadrill Entities), together with the related drilling contract. For purposes of determining the length of the contract for purposes of this Agreement, the drilling contract shall be deemed to commence on the date of execution of such drilling contract, or the date of execution of an extension related thereto. For the avoidance of doubt, “Five-Year Drilling Rig” shall not include any xxxx-up rig.
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Examples of First Offer Negotiation Period in a sentence

  • If no such agreement with respect to the Sale Assets is concluded during the First Offer Negotiation Period, the Transferring Party may Transfer the Sale Assets to (or agree in writing to undertake such a transaction with) any Person within 180 days after the end of the First Offer Negotiation Period on terms generally no less favorable to the Transferring Party than those last proposed by the Potential Transferee to Transferring Party.

  • If no such agreement with respect to the Sale Assets is reached during the First Offer Negotiation Period, the Transferring Party will be permitted to Transfer, or agree in writing to Transfer, such Sale Assets to a third party within 180 calendar days after the end of the First Offer Negotiation Period, provided that the terms of such Transfer are generally no less favorable to the Transferring Party than those included in the Transfer Notice.

  • If the Transferring Party has not concluded a Transfer of, or agreed in writing to Transfer, such Sale Assets to any Person within 180 days after the end of the First Offer Negotiation Period, the Transferring Party shall not thereafter Transfer any of the Sale Assets without first offering such assets to the applicable Potential Transferee in accordance with this Section 3.

  • If BD indicates in writing that it does wish to enter into such an agreement during said 30 day period and if the JRC agrees that the specific invention should be commercialized at the current time, then the Parties will negotiate in good faith the terms of such a license agreement for three months from the date that BD so indicated in writing its desire to enter into such an agreement (the "First Offer Negotiation Period").

  • If the Parties fail to enter into such an agreement during the First Offer Negotiation Period, then Ontogeny shall be free to commercialize itself or license BD Collaboration Technology to a third party for research reagents and diagnostic uses and to pursue the development of such research reagents and diagnostic uses by itself or with one or more third parties.

  • The Transferring Party then shall be obligated to negotiate in good faith for a 30-day period following the delivery by the Transferring Party of the Transfer Notice (the "First Offer Negotiation Period") to reach an agreement for the Transfer or Re-Charter of such Sale Assets to the Potential Transferee or any of its Affiliates.

  • If no such agreement with respect to the Sale Assets is reached during the First Offer Negotiation Period, then BEC may proceed to negotiate and sell the Sale Assets to a third-party; provided, however, that nothing shall preclude BBEP from participating in any such sale process including the making of a bid or other offer on any terms it desires.

  • Seaspan shall have the right to accept or reject, in its sole and absolute discretion, any offer with respect to the Sale Vessel that is made during the First Offer Negotiation Period.

  • If BBEP and BEC do not reach agreement during the First Offer Negotiation Period, and BEC has not Transferred, or agreed in writing to Transfer such Sale Assets to a third party within one year after the end of the First Offer Negotiation Period, then BEC shall not thereafter Transfer any of the Sale Assets without first offering such assets to BBEP in the manner provided above.

  • BBEP then shall have a period of fifteen (15) business days following the delivery by BEC of the Transfer Notice (the "First Offer Negotiation Period') to elect to make an offer to BEC for the purchase by BBEP of the Sale Assets.


More Definitions of First Offer Negotiation Period

First Offer Negotiation Period has the meaning given such term in Section 5.2. "Fully-Built-Up Cost"" means, with respect to an LNG Asset to be acquired or leased (pursuant to a capitalized lease obligation) by a Partnership Group Member, the aggregate amount of all expenditures incurred (or to be incurred prior to delivery to the Partnership Group Member) to acquire or construct and bring such LNG Asset to the condition and location necessary for its intended use by the Partnership Group Member.
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First Offer Negotiation Period has the meaning ascribed to such term in Section 3.5. “Force Majeure Event” has the meaning ascribed to such term in Section 4.2.
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Related to First Offer Negotiation Period

  • First Offer Period has the meaning set forth in Section 13.5.

  • First Offer Notice shall have the meaning set forth in Section 14.4(a).

  • Negotiation Period has the meaning given in Clause 5.10;

  • First Offer has the meaning set forth in Section 3.9(e)(1) or Section 11.1(b)(i), as applicable.

  • ROFO Period is defined in Section 6.1(a).

  • Second Extension Period means the period of one (1) Contract Year commencing immediately after the end of the First Extension Period.

  • Offer Notice shall have the meaning set forth in Section 4.1.

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • First Extension Period means the period of one (1) Contract Year commencing immediately after the conclusion of the Initial Exploration Period.

  • ROFR means a right of first refusal to purchase or a right of first offer to purchase one or more of the Mortgaged Properties pursuant to a recorded instrument (or a memorandum thereof) encumbering the applicable Mortgaged Property.

  • Special Termination Notice means the Notice of Special Termination substantially in the form of Annex VII to this Agreement.

  • Early Termination Notice Date Any date as of which the aggregate Stated Principal Balance of the Mortgage Loans (including REO Mortgage Loans) is less than 1.0% of the sum of the aggregate Cut-Off Date Balance of the Mortgage Pool initially included in the Trust Fund.

  • Sale Period has the meaning set forth in Section 7.1(g)(iii).

  • Option Period means the period during which an Option may be exercised.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of (1) two years following such Change in Control or (2) the Executive’s death.

  • Response Period has the meaning set forth in Section 9.6(a).

  • License Period means the period beginning from the Commencement Date and ending on the Termination Date.

  • Resolution Extension Period As defined in Section 2.03(b).

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • ROFO Notice is defined in Section 6.2(a).

  • Transfer Notice Date has the meaning given to it in Section 2.06.

  • Wind-Down Period has the meaning set forth in Section 10.6(c).

  • Start-up period means up to a maximum of 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age-range of the Academy will have some pupils present).

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).