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.

Preferential Rights has the meaning specified in Section 3.4.

Preferential Rights means a right held by any third party under the terms of the Contract, Documents or under applicable law rule or regulation to pre-empt the transaction contemplated by this Agreement or affect its terms in any way.

Examples of Preferential Rights in a sentence

If, however, the Disposing Member fails so to Dispose of the Membership Interest within such [***]-Day period (or, if applicable, such fifth Business Day period), the proposed Disposition shall again become subject to the Preferential Rights.
Except as set forth in Schedule 4.23, there are no Preferential Rights, and there are no Transfer Requirements relating to any of the Assets.
Notwithstanding the above, the Parties acknowledge that the Transaction shall be subject to the rights of all third parties holding Preferential Rights to Purchase and Consents to Assignment concerning the Operating Assets, to the extent that they are valid, in effect and enforceable by reason of the Transaction, and that such third party rights shall be handled as set forth herein.
If there are Preferential Rights or Required Consents, the provisions of this Section shall apply.
Buyer shall be primarily responsible for handling such matters, shall assume all risks and liabilities in connection with the rights of the holders thereof, and shall release, indemnify and defend Seller against any claims, damages, suits, demands or other liabilities associated with any Consents to Assignment or Preferential Rights to Purchase.

More Definitions of Preferential Rights

Preferential Rights has the meaning set forth in Section 5.6(a).

Preferential Rights shall have the meaning assigned to such term in Section 6.3.

Preferential Rights has the meaning set forth in Section 4(j).

Preferential Rights has the meaning set forth in SECTION 4(h).

Preferential Rights means those rights described in Sections 8.1 and 8.2 of the Joint Development Agreement.

Preferential Rights means all rights of renewal, rights of first refusal, rights of first offer, rights to expansion space or any other rights or agreements similar or dissimilar to the foregoing concerning the future or the potential leasing of the Offer Space or any portion thereof or any other space in the Building of which the Offer Space or any portion thereof shall be a part.