First Right to Negotiate definition

First Right to Negotiate means that, where the Producer wishes to exploit any of the rights nominated, the Producer must first deal exclusively with the ABC in respect of the rights and must first seek an offer for such rights from the ABC and give the ABC 20 Business Days to make an offer in writing. If the ABC makes an offer, the parties will then negotiate, in good

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First Right to Negotiate means that, where the Producer wishes to exploit any of the rights nominated, the Producer must first deal exclusively with the ABC in respect of the rights and must first seek an offer for such rights from the ABC and give the ABC 20 Business Days to make an offer in writing. If the ABC makes an offer, the parties will then negotiate, in good faith, for 20 Business Days from receipt of the Producer of the ABC’s written offer. If there is no offer or if agreement is not reached, the Producer will be free to seek an offer from a third party, as long as the terms agreed between the Producer and the third party are no less favourable to the Producer than those offered by the ABC.

First Right to Negotiate means that the ABC may make a written offer to the Producer at any time but in any event within 10 Business Days of receiving a notice from the Producer seeking an offer in respect of these rights whereupon the parties will then negotiate, in good faith, for 10 Business Days from receipt by the Producer of the ABC’s written offer. If there is no offer or if agreement is not reached, the Producer will be free to seek an offer from a third party, as long as the terms agreed between the Producer and the third party are no less favourable to the Producer than those offered by the ABC. ABC Resources shall have the opportunity to provide a bid for resources, except in circumstances where the production has been brought to the ABC by a producer and it is a condition of the contract for the program that the producer’s own resources be utilised. • Where the ABC funds more than 75% of a budget for a program, the ABC will acquire distribution rights provided that, if the producer is unable to secure financing for 100% of the budget (including a reasonable portion of financing from the producer offset, where applicable), the ABC may either:

Examples of First Right to Negotiate in a sentence

• In the event Lessor and Lessee cannot mutually agree on specific terms and execute a Lease Agreement on or before October 31,1997, the First Right to Negotiate will terminate and be of no force or effect with Lessor being free to Lease the property to another party.

• This First Right to Negotiate and Amendment Agreement (this “Agreement”) is made effective this 2nd day of March, 2012 (“Amendment Effective Date”) by and between Agenus Inc., a Delaware Corporation (“Agenus”), Antigenics Inc., a Massachusetts corporation and wholly owned subsidiary of Agenus (“Antigenics MA”), and GlaxoSmithKline Biologicals SA, a Belgian company (“GSK”) (each singularly a “Party” and collectively the “Parties”).

• From the Expanded Premises Commencement Date ------------------------ until August 21, 2001, Tenant shall have the First Right to Negotiate on Suite 131, (containing approximately 1,910 rentable square feet) at ▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇., ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ (the "Offered Space").

• The ABC shall acquire the following rights in relation to distribution and resources: • Where the ABC is contributing the majority (>50%) of the funds to a program – ABC Commercial shall have the First Right to Negotiate Distribution Rights in the program.

• If the negotiations do not result in Tenant and Landlord executing a letter of intent for the Offered Space within ten (10) days of Tenant's notice to Landlord or if Tenant and Landlord do not execute a lease for the Offered Space within twenty (20) days of Tenant's notice to Landlord, Tenant's First Right to Negotiate on the Offered Space shall terminate and no longer be of any force or effect.

• Furthermore, Tenant's First Right to Negotiate shall not apply to any sale by Landlord of the office component of the Project together with either or both the retail and/or hotel components of the Project.

• In addition, fifty percent (50%) of the corresponding real estate brokerage commission payable to the real estate brokers identified in Item 10 of the Lease Summary (the "Brokers") in connection with any options or rights of first refusal exercised by Tenant (excluding the First Right to Negotiate) shall be payable upon Tenant's commencement of construction of tenant improvements to such expansion space, and the remainder shall be payable when Tenant commences conducting business therefrom.

• If no agreement is reached during this time, the First Right to Negotiate will expire.

• If the negotiations do not result in Tenant and Landlord executing a letter of intent for the Offered Space within ten (10) days of Tenant’s notice to Landlord or if Tenant and Landlord do not execute a lease for the Offered Space within thirty (30) days of Tenant’s notice to Landlord, Tenant’s First Right to Negotiate on the Offered Space shall terminate.

• During the first ten (10) years of the Term of this Lease, Tenant shall have a one-time right to negotiate ("First Right to Negotiate") for the purchase of the Building on the terms set forth in this Paragraph 37.

More Definitions of First Right to Negotiate

First Right to Negotiate means the Company, CDC or their Affiliates providing the holders of the Class C Interest a good faith opportunity to negotiate (throughout the thirty or twenty day period described herein) to purchase the Company, the Company's assets or the Interest of the Company, at least thirty days prior to the Company, CDC or their Affiliates commencing negotiations or soliciting offers from third parties, or at least twenty days prior to commencing negotiations in the case of an unsolicited offer from a third party, with respect to (i) a sale, exchange or other disposition of all, or substantially all, of the Company's assets occurring as part of a single transaction or plan, or in a series of transactions, (ii) a merger of the Company with or into another person or entity, or (iii) a Transfer of any or all of an Interest held by CDC or any of its Affiliates.