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 a Property or either of the Starr Partnership's interest in a Pipeline Property whenever Seller proposes to transfer its interests in a Partnership under terms such as are set forth in this Agreement.
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Examples of Preferential Right to Purchase in a sentence

  • Preferential Right to Purchase: The parties shall each have a preferential right to purchase any interest in the Contract Area that a party seeks to transfer.

  • GOM obtains a waiver or other evidence in writing of the expiration or non exercise of any Preferential Right to Purchase; B.

  • The former is the superior legislative chamber, the target of the majority of public and media attention, and the focus of this work.

  • Article VIIIF, Preferential Right to Purchase, has been HlNHXE SHAJVOR LLP C 002234No. 32,348Page 24 deleted.

  • Under no circumstances may an owner or personnel of the facility repackage medication.

  • If the proposed Transfer of Interest is not executed and filed of record with the BOEMwithin ______ (___) months after receipt of the transfer notice by the non-assigning Parties, or if the terms of the proposed Transfer of Interest conveyance are materially altered, the proposed Transfer of Interest shall be deemed withdrawn, and the Working Interest included in the proposed Transfer of Interest shall again be governed by this Article 26.2 (Preferential Right to Purchase).

  • The State of Nicaragua, with its modest experience, wishes to share with all the States that, for the SSP implementation, there is no small or large State as we all must comply with the same standards.

  • Except (a) as set forth in Schedule 4.4(a), (b) Customary Post-Closing Consents, including those set forth on Schedule 4.4(b), and (c) Preferential Right to Purchase set forth in Schedule 4.9, there are no consents or other restrictions on assignment, including requirements for consents from Third Parties to any assignment (in each case) that would be applicable in connection with the transfer of the Assets or the consummation of the transactions contemplated by this Agreement by Xxxxxx.

  • If the proposed Transfer of Interest is not executed and filed of record with the BOEM within ______ (___) days after receipt of the transfer notice by the non-assigning Parties, or if the terms of the proposed Transfer of Interest conveyance are materially altered, the proposed Transfer of Interest shall be deemed withdrawn, and the Working Interest included in the proposed Transfer of Interest shall again be governed by this Article 24.2 (Preferential Right to Purchase).

  • Article VIIIF, Preferential Right to Purchase, has been HINKLE SHANOH LLP C 002234No. 32,348Page 24 deleted.


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.
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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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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 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. ARTICLE 2
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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 Section 1(f)(i) hereof.

  • 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).

  • Water Rights means: (1) with respect to any Person, all of such Person's right, title and interest in and to any water stock, permits or entitlements and any other water rights related to or appurtenant to property owned or leased by such Person, and (2) with respect to any property, any water stock, permits or entitlements and any other water rights related to or appurtenant to such property.

  • 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.

  • 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.

  • 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.

  • Preemptive Right has the meaning set forth in Section 5.1 hereof.

  • 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).

  • Preemptive Rights has the meaning given such term in Section 6.04(a).

  • Copyright and Similar Rights means copyright and/or similar rights closely related to copyright including, without limitation, performance, broadcast, sound recording, and Sui Generis Database Rights, without regard to how the rights are labeled or categorized. For purposes of this Public License, the rights specified in Section 2(b)(1)-(2) are not Copyright and Similar Rights.

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