Preference Right means any right or agreement that enables or may enable any Person to purchase or acquire any Asset or any interest therein or portion thereof as a result of or in connection with (a) the sale, assignment, encumbrance or other transfer of any Asset or any interest therein or portion thereof or (b) the execution or delivery of this Agreement or the consummation or performance of the terms and conditions contemplated by this Agreement.

Preference Right means any right or agreement that enables or may enable any Person to purchase or acquire any Asset or any interest therein or portion thereof as a result of or in connection with (i) the sale, assignment, encumbrance or other transfer of any Asset or any interest therein or portion thereof or (ii) the execution or delivery of this Agreement or the consummation or performance of the terms and conditions contemplated by this Agreement.

Preference Right means a riparian property owner's statutory privilege, as found in ORS 274.040(1), to obtain a lease without advertisement or competitive bid for the state-owned submerged and submersible land that fronts and abuts the riparian owner's property. The Department will not recognize a claim of lease preference right from a non-riparian owner. A person claiming the right of occupancy to submerged and submersible land under a conveyance recorded before January 1, 1981, has a preference right to the requested area.¶

Examples of Preference Right in a sentence

All agreements containing a Preference Right are set forth in Schedule 3.07.
This Agreement and the Preference Right created hereunder shall be governed by the laws of the Macau SAR and the Parties agree that any disputes arising from or in connection with this Agreement or the Preference Right shall be referred to the Macau courts.
Seller shall not be obligated to pay any consideration to (or incur any cost or expense for the benefit of) the holder of any Preference Right or Transfer Requirement in order to obtain the waiver thereof or compliance therewith.
With respect to each Preference Right, (i) each holder of such Preference Right has waived such Preference Right or (ii) the time in which such Preference Right may be exercised has expired and no suit, action or other proceeding has been initiated by a third party seeking to restrain, enjoin or otherwise prohibit the consummation of the transactions contemplated hereby in connection with a claim to enforce such Preference Right.
The Preference Notices shall be in a form reasonably satisfactory to Buyer, and shall include the Allocated Value of the Property or portion thereof affected by each Preference Right.

More Definitions of Preference Right

Preference Right means a right of the Preference Holder under, pursuant to or constituted by a Preference Right Agreement.

Preference Right means any right or agreement that enables any Person to purchase or acquire the DBJV Interest or any DBJV Asset (or any interest in or portion of any of them) as a result of or in connection with (i) the sale, assignment or other transfer of the DBJV Interest or any DBJV Asset (or any interest in or portion of any of them) or (ii) the execution or delivery of this Agreement or the consummation or performance of this Agreement or the transactions contemplated hereby.

Preference Right means any right or agreement that enables any Person to purchase or acquire the MGR Interest, any MGR Asset, the Rendezvous Interest or any properties or assets of Rendezvous (or any interest in or portion of any of them) as a result of or in connection with (i) the sale, assignment or other transfer of the MGR Interest, any MGR Asset, the Rendezvous Interest or any properties or assets of Rendezvous (or any interest in or portion of any of them) or (ii) the execution or delivery of this Agreement or the consummation or performance of this Agreement or the transactions contemplated hereby.

Preference Right means the right of a contractual nature regulated in articles 408 to 417 of the Macau Civil Code.

Preference Right means a riparian property owner's statutory privilege, as found in ORS 274.040(1), to obtain a lease without advertisement or competitive bid for the state-owned submerged and submersible land that fronts and abuts the riparian owner's property. The preference right does not apply to the renewal of an existing lease where the lessee is in compliance with all the terms and conditions of the lease. A person claiming the right of occupancy to submerged and submersible land under a conveyance recorded before January 1, 1981, has a preference right to the requested lease area.

Preference Right. As defined in Section 3.06

Preference Right has the meaning set forth in Section 4.6.