Preferential Right to Purchase definition

Preferential Right to Purchase means the right of any third party under an existing contract or agreement allowing that third party to purchase the Partnership's interest in a Property whenever Seller proposes to transfer its interests in the Partnership under terms such as are set forth in this Agreement and the Stock Purchase Agreement.
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Preferential Right to Purchase means any Third Party’s preferential right to purchase any of the Assets or any interest in any Asset or any portion of any Asset.
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Preferential Right to Purchase means the right of any third party under an existing contract or agreement allowing that third party to purchase the Partnership's interest in a Property whenever Seller proposes to transfer its interests in the Partnership under terms such as are set forth in this Agreement.
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Examples of Preferential Right to Purchase in a sentence

  • Seller shall be entitled to all proceeds paid by a party exercising a Preferential Right to Purchase prior to the Closing.

  • Except for Contracts entered into in ---------------------- furtherance of operations listed on Schedule 9.2 and Schedule 9.2(f), without Buyer's consent, the Partnership shall not enter into any new or amended contracts, agreements or relationships (i) granting any Preferential Right to Purchase or Consent to Assignment affecting any of the Operating Assets hereunder, or (ii) which if in existence as of the date hereof would be a material Contract.

  • However, the Borrower acknowledges that it has received from the Administrative Agent, on the date hereof, a letter (the “TEG Letter”) containing an example of calculation of the effective global rate with figures and calculations of the “taux de période” (“rate of the period”) and “durée de période” (“duration of the period”) as set out in the TEG Letter.

  • If Buyer believes that any such third Person does not hold a valid Preferential Right to Purchase such Property that would be triggered by the Transaction, Buyer must promptly provide Seller with notice of Buyer's objection to any proposed exercise of that Preferential Right to Purchase, and in such case, the Parties shall negotiate in good faith to determine a mutually acceptable procedure for handling such questioned Preferential Rights to Purchase.

  • The Partnership shall provide such third Persons with the documentation required under existing agreements and allow them to determine whether or not they should exercise or waive such Preferential Right to Purchase.

  • Except for Contracts entered into in furtherance of operations listed on Schedule 9.2 and Schedule 9.2(f), without Buyer's consent, the Partnership shall not enter into any new or amended contracts, agreements or relationships (i) granting any Preferential Right to Purchase or Consent to Assignment affecting any of the Operating Assets hereunder, or (ii) which if in existence as of the date hereof would be a material Contract.

  • Whenever any third Person elects to exercise a Preferential Right to Purchase any Property, Seller shall provide Buyer with prompt notice, listing the interest purchased and the amount received from such third Person.

  • The obligations of Buyer to buy and of Seller to sell the Property are subject to Wal-Mart's Preferential Right to Purchase Option contained in Section 20 of the Lease.

  • Preferential Right to Purchase means obligations with respect to a Lease or its related agreements that exist at the Effective Date and that may include requirements to satisfy obligations, including, but not limited to, the obligation to offer the terms and provisions of this Agreement or the Initiative to a third party holding contractual rights applicable to a Lease.

  • Promptly after execution of this ------------------------------- Agreement, Seller shall cause the Partnership to contact all third Persons who Seller reasonably believes may hold an enforceable Preferential Right to Purchase any Property that would be triggered by reason of the Transaction.


More Definitions of Preferential Right to Purchase

Preferential Right to Purchase means obligations with respect to a Lease or its related agreements that exist at the Effective Date and that may include requirements to satisfy obligations, including, but not limited to, the obligation to offer the terms and provisions of this Agreement or the Initiative to a third party holding contractual rights applicable to a Lease, Prospect means, in general, a geologic structural, stratigraphic trap or combination thereof that is believed to have the potential for accumulations of hydrocarbons, as defined in the Initiative, in commercial quantities and that lies at a depth greater than or equal to fifteen thousand feet (15,000) subsea and whose associated Lease may obtain royalty relief pursuant to 30 CFR 203 as amended or a similar royalty relief provision contained in the Lease itself. Prospect means, specifically as it relates to this Agreement, the Saltamontes Profundo aspect. Prospect Area means the geographic area encompassing the Prospect and any depth limitation applicable thereto, as fully described on Exhibit "A" hereto, and which shall be identified by legal description appropriate for recording purposes with the MMS. Working Interest means the undivided interest of a Party, expressed as a percentage of the total interests of all Parties, in the rights and obligations derived from this Agreement and also means the undivided interest of a party, expressed as a percentage of the total interests of all Parties, in the rights and obligations in and to a Lease.
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Preferential Right to Purchase means obligations with respect to a Lease or its related agreements that exist at the Effective Date and that may include requirements to satisfy obligations, including, but not limited to, the obligation to offer the terms and provisions of this Agreement or the Initiative to a third party holding contractual rights applicable to a Lease, Prospect means, in general, a geologic structural, stratigraphic trap or combination thereof that is believed to have the potential for accumulations of hydrocarbons, as defined in the Initiative, in commercial quantities and that lies at a depth greater than or equal to fifteen thousand feet (15,000) subsea and whose associated Lease may obtain royalty relief pursuant to 30 CFR 203 as amended or a similar royalty relief provision contained in the Lease itself. Prospect means, specifically as it relates to this Agreement, the Saltamontes Profundo aspect.
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Preferential Right to Purchase provision described in Article VIII.F of the JOA shall be deleted. The provisions in the JOA regarding the maintenance of the uniform interest of the Parties to the JOA shall be amended to permit the ownership and assignments of different working interest in different lands within the Contract Area as provided for in this Agreement. However, if the working interest of Synergy and JPC in the wellbore of a Test Well is different from the working interest of the same Parties in the Spacing Unit for the same Test Well, then notwithstanding anything in this Agreement or in the JOA to the contrary, the cost of operating and maintaining the wellbore of said Test Well, or the cost of subsequent operations to deepen, plug back or recomplete the well bore of said Test Well, and the ownership of the production from the wellbore of said Test Well, will be apportioned among the Parties in the same proportion as their respective ownership of the wellbore of said Test Well.
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Preferential Right to Purchase means a third party’s preferential right to purchase any of the Titan Assets or any portion thereof as a result of the transactions contemplated by this Agreement.
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Related to Preferential Right to Purchase

  • Preferential Rights 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 (a) the sale, assignment 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.

  • Burial right means a right of earth interment.

  • Commercial Rights means any and all rights of a commercial nature connected with the Event including, without limitation, broadcasting rights, sponsorship rights, merchandising and licensing rights, ticketing rights, promotional rights, catering and hospitality rights, New Media rights and interactive games rights;

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

  • Original Rights shall have the meaning set forth in the definition of "Beneficial Owner" above.

  • Secondary Refusal Right means the right, but not an obligation, of each Investor to purchase up to its pro rata portion (based upon the total number of shares of Capital Stock then held by all Investors) of any Transfer Stock not purchased pursuant to the Right of First Refusal, on the terms and conditions specified in the Proposed Transfer Notice.

  • Option to Purchase has the meaning set forth in Section 13.1.

  • Financial Rights means a Member's rights as a member of the LLC (a) to share in Net Income and Net Loss to the extent provided in this Agreement, and (b) to share in distributions to the extent provided in this Agreement.

  • Purchase Right means an option to purchase shares of Common Stock granted pursuant to the Plan.

  • Micro-purchase means a purchase of supplies or services, the aggregate amount of which does not exceed the micro-purchase threshold. Micro-purchases comprise a subset of a district's small purchases as defined in 2 C.F.R. 200.320.

  • Stock Purchase Right means a right to purchase Common Stock pursuant to Section 11 below.

  • Stock Purchase Rights means any warrants, options or other rights to subscribe for, purchase or otherwise acquire any shares of Common Stock or any Convertible Securities.

  • Repurchase Right means the right granted to the Corporation in accordance with Article D.

  • Drag-Along Right has the meaning set forth in Section 8.6(a).

  • Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.

  • Redemption Rights means the redemption rights provided for in Section 9.2 of the SPAC Certificate of Incorporation.

  • preferential tariff treatment means the rate of customs duties applicable to an originating good of the exporting Party in accordance with paragraph 1 of Article 16; and

  • Price and Preferential Points Assessment means the process described in clause 27.6 of this Part C, as prescribed by the PPPFA.

  • Irregularity in testing security means an act or omission that tends to corrupt or impair the security of an examination, including, without limitation:

  • Tag or “RFID tag” means the unique identification number or Radio Frequency Identification (RFID) issued to a licensee by the agency for tracking, identifying and verifying marihuana plants, marihuana products, and packages of marihuana product in the statewide monitoring system.

  • 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.

  • Conversion Rights means exchange of, or the rights to exchange, the Principal Amount of the Loan, or any part thereof, for fully paid and nonassessable Common Stock on the terms and conditions provided in the Debentures.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

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

  • Tandem Stock Appreciation Right means the right to surrender to the Company all (or a portion) of a Stock Option in exchange for an amount in cash and/or stock equal to the difference between (i) the Fair Market Value on the date such Stock Option (or such portion thereof) is surrendered, of the Common Stock covered by such Stock Option (or such portion thereof), and (ii) the aggregate exercise price of such Stock Option (or such portion thereof).

  • Termination of parental rights means the permanent elimination of all parental rights and duties, including residual parental rights and duties, by court order.