Preferential Right definition

Preferential Right means any preferential right or option to purchase or otherwise to acquire an Interest or any interest therein, held by another party to a Basic Document, which arises as a result of the transactions contemplated by this Agreement.

Preferential Right means any right or agreement that enables any Person to purchase or acquire any Asset or any interest therein or portion thereof as a result of or in connection with the execution or delivery of this Agreement or the consummation of the transactions contemplated hereby.

Preferential Right has the meaning set forth in Section 6.4.

Examples of Preferential Right in a sentence

• Sellers shall not be obligated to pay any consideration to (or incur any cost or expense for the benefit of) the holder of any Preferential Right or Transfer Requirement in order to obtain the waiver thereof or compliance therewith.

• If Buyer has allocated a positive Allocated Value to the Preferential Right Asset, the Purchase Price will be reduced by the dollar amount of the positive allocation.

• If a third party gives valid and timely notice of its exercise of a Preferential Right to purchase any of the Assets, the affected Assets will not be sold to Buyer and the Purchase Price will be adjusted by the Allocated Value of the affected Assets.

• If Buyer has allocated a negative Allocated Value to the Preferential Right Asset, the Purchase Price will be increased by the absolute value of the negative allocation.

• Seller shall promptly notify Buyer if any Subject Preferential Right is exercised or if the requisite period has elapsed without said right having been exercised.

More Definitions of Preferential Right

Preferential Right means any purchase option, call option, right of first refusal, right of first offer, co-sale right, participation right, preemptive right, subscription right or other similar right.

Preferential Right. ’ means the preferential limited partnership interest in the Issuer initially held by Uberior Investments plc and entitling it to receive in preference to the rights of the General Partner all amounts received by the Issuer under the Subordinated Notes in excess of those required to make payments of any Distribution (and, if relevant, Additional Amounts) on any Distribution Date or any Liquidating Distribution or relevant proportion thereof (and, if relevant, Additional Amounts) to Holders in accordance with paragraphs 2 or 3 below;

Preferential Right means a right of first refusal or other preferential purchase right provision applicable to any Acquired Assets.

Preferential Right has the meaning set forth in Section 3.03(b)(ii)(A). [***] [***]

Preferential Right. ’ means the limited partnership interests in the Issuer held by the Preferential Limited Partner and entitling it to receive in preference to the rights of the General Partner all amounts received by the Issuer from its investment in the Notes in excess of those required to make payments in respect of the Preferred Securities by reason of the provisions of paragraphs 2, 3 or 6;

Preferential Right has the meaning assigned to such term in Section 4.3(a).

Preferential Right means any preferential right to purchase, right of first refusal, right of first offer, or similar right, the operation of which is triggered by the transactions contemplated in this Agreement.