First Refusal Exercise Notice definition

First Refusal Exercise Notice substantially in the form of Exhibit 7 annexed hereto, such Restricted Free Agent and the ROFR Team shall be deemed to have entered into a Player Contract, effective as of the date the First Refusal Exercise Notice is given, containing all the Principal Terms included in the Standard Player Contract attached to the Offer Sheet and no additional terms.

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First Refusal Exercise Notice shall have the meaning set forth in Section 10.3(b) of this Agreement.

First Refusal Exercise Notice has the meaning set forth in Section 11.3.

Examples of First Refusal Exercise Notice in a sentence

Promptly upon but no later than two business days after the giving of a First Refusal Exercise Notice to the Restricted Free Agent, the Prior Club shall cause a copy thereof to be given to the NFL, which shall notify the NFLPA.
A First Refusal Exercise Notice, a Qualifying Offer and any other writing required or permitted under Article 9 or Article 10 shall be deemed given when sent by the Prior Club.
In order to match an Offer Sheet, the ROFR Team must have Room for the player’s Player Contract at the time the notice of its Right of First Refusal is given and must continue to have Room at all times the First Refusal Exercise Notice remains in effect.
Any Club that does not have available, in the upcom- ing Draft, the selection choice or choices (its own or better choices in the applicable rounds) needed to provide Draft Choice Compensation in the event of a timely First Refusal Exercise Notice may not sign an Offer Sheet in such circumstances.
If the Offeree fails to send a First Refusal Exercise Notice or to deliver a First Refusal Deposit within said 30-day period it shall be deemed to have elected not to purchase.
Promptly upon but no later than two (2) business days after the giving of a First Refusal Exercise Notice to the Restricted Free Agent, the Pri- or Club shall cause a copy thereof to be given to the NFL, which shall no- tify the NFLPA.
Any Club that does not have available, in the upcom ing Draft, the selection choice or choices (its own or better choices in the applicable rounds) needed to provide Draft Choice Compensation in the event of a timely First Refusal Exercise Notice may not sign an Offer Sheet in such circumstances.
If at the end of the Right of First Refusal Exercise Period the Purchaser has not delivered a Right of First Refusal Exercise Notice to the Seller, the Seller may, during the succeeding 90-day period, sell not less than all of the Shares covered by the Offer to the offeror at a price not less than that contained in the Offer and on terms and conditions not less favorable in the aggregate to the Seller than those contained in the Offer.
A First Refusal Exercise Notice, a Qualifying Offer and any oth- er writing required or permitted under Article XIX (Veteran Free Agency) shall be deemed given when sent by the Prior Club.
If the Offeree elects to purchase the Subject Interest it must notify the Offeror in writing (the "First Refusal Exercise Notice") within said 30-day period, and such notice must be accompanied by a First Refusal Deposit (defined below).

More Definitions of First Refusal Exercise Notice

First Refusal Exercise Notice substantially in the form of Exhibit H annexed hereto, then, subject to Section 5(h) below, such Restricted Free Agent and the ROFR Team shall be deemed to have entered into a Player Contract containing all the Principal Terms (but not any terms other than the Principal Terms) included in the Uniform Player Contract attached to the Offer Sheet (except that if the Contract contains an Exhibit 6, such Exhibit 6 shall be deemed deleted). Such Contract may not thereafter be amended in any manner for a period of one (1) year.