First Refusal Right definition

First Refusal Right means the right granted to the Corporation in accordance with Article E.

First Refusal Right means the right granted to the Company in accordance with Section 4.

First Refusal Right means the right granted to the Company in accordance with Section 10.

Examples of First Refusal Right in a sentence

• However, the Market Stand-Off shall continue to remain in full force and effect following the lapse of the First Refusal Right.

• In addition, Purchased Shares which are released from the Repurchase Right shall not be transferred, assigned, encumbered or otherwise disposed of in contravention of the First Refusal Right or the Market Stand-Off.

• The Corporation may assign the Repurchase Right and/or the First Refusal Right to any person or entity selected by the Board, including (without limitation) one or more stockholders of the Corporation.

• Each person (other than the Corporation) to whom the Purchased Shares are transferred by means of a Permitted Transfer must, as a condition precedent to the validity of such transfer, acknowledge in writing to the Corporation that such person is bound by the provisions of this Agreement and that the transferred shares are subject to (i) the Repurchase Right, (ii) the First Refusal Right and (iii) the Market Stand-Off, to the same extent such shares would be so subject if retained by Optionee.

• The failure of the Corporation in any instance to exercise the Repurchase Right or the First Refusal Right shall not constitute a waiver of any other repurchase rights and/or rights of first refusal that may subsequently arise under the provisions of this Agreement or any other agreement between the Corporation and Optionee.

More Definitions of First Refusal Right

First Refusal Right means the right granted to the Company in accordance with Section 4. MARKET STAND-OFF shall mean the market stand-off restriction specified in Section 3.3. PARENT shall mean any company (other than the Company) in an unbroken chain of companies ending with the Company, provided each company in the unbroken chain (other than the Company) owns, at the time of the determination, stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other companies in such chain. PERMITTED TRANSFER shall mean (i) a gratuitous transfer of the Restricted Shares, provided and only if Recipient obtains the Company's prior written consent to such transfer, (ii) a transfer of title to the Restricted Shares effected pursuant to Recipient's will or the laws of intestate succession following Recipient's death or (iii) a transfer to the Company in pledge as security for any purchase-money indebtedness incurred by Recipient in connection with the acquisition of the Restricted Shares. RECAPITALIZATION shall mean any stock split, stock dividend, recapitalization, combination of shares, exchange of shares or other change affecting the Company's outstanding Common Stock as a class without the Company's receipt of consideration. REORGANIZATION shall mean any of the following transactions:

First Refusal Right. Section 6.5(a)

First Refusal Right shall have the meaning ascribed thereto in Section 8.2(b).

First Refusal Right has the meaning set forth in Section 9.2(b).

First Refusal Right means the right granted to the Company in accordance with Paragraph 8(b)(i).

First Refusal Right means the right granted to the Company in accordance with Section 5.

First Refusal Right means the right, but not an obligation, of the Investors, to purchase certain Transfer Shares with respect to a Proposed Transfer, on the terms and conditions specified in the Proposed Transfer Notice.