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 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.
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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
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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.
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Examples of First Right to Negotiate in a sentence

  • 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.

  • In the event Q.C.P. does not exercise their option to lease, Lessee (T.J. Cinnamons Inc.) will have the First Right to Negotiate from the period September 1,1997 through October 31, 1997.

  • Landlord's merger, affiliation or joint venture with one or more entities in connection with the ownership or operation of the Project or any portion thereof shall not be deemed a sale for the purpose of allowing Tenant to exercise its First Right to Negotiate hereunder.

  • 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.

  • 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.

  • 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.

  • 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.

  • Tenant shall have the First Right to Negotiate on any space that becomes vacant and available in the Building in which the Premises is located which is not subject to any then existing renewal, expansion or extension rights of other tenant(s) in the Project (the “Available Expansion Space”) at any time during the initial Term of the Lease.

  • 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.

  • These improvements include items that “...cannot be removed without a substantial economic loss or without substantial damage to the property on which it is installed, regardless of the method of installation.” The appraiser must compare the value in place against the value if removed and sold.


More Definitions of First Right to Negotiate

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:
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Related to First Right to Negotiate

  • Invitation to Negotiate means a written solicitation for competitive sealed replies to select one or more vendors with which to commence negotiations for the procurement of commodities or services.

  • Exclusive Right to Sell listing means that if you, the owner of the property, find a buyer for your house, or if another broker finds a buyer, you must pay the agreed commission to the present broker.

  • right to information means the right to information accessible under this Act which is held by or under the control of any public authority and includes the right to—

  • Right of First Refusal Agreement means the Right of First Refusal Agreement, dated as of August 4, 2017, among the Partnership, the Operating Partnership and NextEra Energy Resources, LLC.

  • right of access means the right to be admitted to invest in the territory of the other Contracting Party, subject to the limits resulting from international agreements binding on both Contracting Parties.

  • Option to Renew is defined in subsection 6.1 of this Agreement.

  • Right of First Refusal and Co-Sale Agreement means the agreement among the Company, the Purchasers, and certain other stockholders of the Company, dated as of the date of the Initial Closing, in the form of Exhibit G attached to this Agreement.

  • Right of Reference means the “right of reference” defined in 21 CFR 314.3(b), including with regard to a Party, allowing the applicable Regulatory Authority in a country to have access to relevant information (by cross-reference, incorporation by reference or otherwise) contained in Regulatory Documentation (and any data contained therein) filed with such Regulatory Authority with respect to a Party’s Compound, only to the extent necessary for the conduct of the Study in such country or as otherwise expressly permitted or required under this Agreement to enable a Party to exercise its rights or perform its obligations hereunder.

  • Right of First Refusal means the Company’s right of first refusal described in Section 8.

  • right of use means any right we have to use, in our own name and on our own account or the account of another counterparty, financial instruments received by us by way of collateral under a security collateral arrangement between you and us;

  • Right of First Offer has the meaning set forth in Section 8.7.

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

  • Notice of Proposal to Negotiate has the meaning set forth in Section 10(c) hereof.

  • Additional Xxxx of Sale means each document, in the form of Attachment D hereto, executed by an authorized officer of VL Funding, the VL Funding Eligible Lender Trustee on behalf of VL Funding, Funding and the Interim Eligible Lender Trustee on behalf of Funding which shall: (i) set forth the list and certain terms of (a) Additional Loans offered by VL Funding and the VL Funding Eligible Lender Trustee on behalf of VL Funding and accepted for purchase by the Interim Eligible Lender Trustee for the benefit of Funding, including the Additional Loans Purchase Price for the Additional Loans being sold thereunder or (b) Substituted Loans substituted by VL Funding and (ii) sell, assign and convey to Funding and the Interim Eligible Lender Trustee, for the benefit of Funding, and their assignees, all right, title and interest of VL Funding and of the VL Funding Eligible Lender Trustee on behalf of VL Funding in the Additional Loans or Substituted Loans, as applicable, listed on the related Additional Xxxx of Sale and (iii) certify that the representations and warranties made by VL Funding and the VL Funding Eligible Lender Trustee on behalf of VL Funding pursuant to Sections 5(A) and (B) of these Master Terms, by the Servicer as set forth in Section 5(C) and by the Interim Eligible Lender Trustee as set forth in Section 5(D) are true and correct.

  • Negotiate means the act of conferring directly with or offering advice directly to a purchaser or prospective purchaser of a particular contract of insurance concerning any of the substantive benefits, terms, or conditions of the contract, provided that the person engaged in that act either sells insurance or obtains insurance from insurers for purchasers.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Refuse to Cooperate means to obstruct the collection or testing process; to submit an altered, adulterated or substitute sample; to fail to show up for a scheduled test; to refuse to complete the requested drug testing forms; or to fail to promptly provide specimen(s) for testing when directed to do so, without a valid medical basis for the failure. Employees who leave the scene of an accident without justifiable explanation prior to submission to drug and alcohol testing will also be considered to have refused to cooperate and will automatically be subject to discharge.

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

  • Transferable development right means a right to develop and use land that

  • Sublicense means any agreement to Sublicense.

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

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

  • Breach Notification Rule means the HIPAA Regulation that is codified at 45 C.F.R. Parts 160 and 164, Subparts A and D.

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Exclusive License has the meaning set forth in Section 3.1.

  • Ability to Organize Full Abilities Limited Abilities Comments: Memory: Full Abilities Limited Abilities Comments: Social Interaction: Full Abilities Limited Abilities Comments: Communication: Full Abilities Limited Abilities Comments: Please identify the assessment tool(s) used to determine the above abilities (Examples: Lifting tests, grip strength tests, Anxiety Inventories, Self-Reporting, etc. Additional comments on Limitations (not able to do) and/or Restrictions (should/must not do) for all medical conditions: