Purchase Right of First Refusal definition

Purchase Right of First Refusal has the meaning set forth in Section 23(e).
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Purchase Right of First Refusal has the meaning set forth in Section 23(d). “Receiving Party Personnel” has the meaning set forth in Section 26. “Refined Products Pipeline” has the meaning set forth in the Recitals. “Refinery” has the meaning set forth in the Recitals. “Restoration” has the meaning set forth in Section 6(d). “Shell Capacity” means the gross storage capacity of a Tank, based upon its dimensions, as set forth for each Tank on Schedule B attached hereto. “Shortfall Credit” has the meaning set forth in Section 8(a). “Storage Facility” has the meaning set forth in the Recitals. “Suspension Notice” has the meaning set forth in Section 22(a). “Tanks” mean the five (5) tanks owned by TLO and listed on Schedule B attached hereto, each of which is used for the storage of Products and located at the Storage Facility. “Term” and “Initial Term” each have the meaning set forth in Section 4. “Termination Notice” has the meaning set forth in Section 21(a). “Throughput and Tankage Fees” has the meaning set forth in Section 5(a). “TLO” has the meaning set forth in the Preamble. “TLO Indemnitee” and “TLO Indemnitees” have the meanings set forth in Section 19(b). “TRMC” has the meaning set forth in the Preamble. “TRMC Indemnitee” and “TRMC Indemnitees” have the meanings set forth in Section 19(a). “TRMC Termination Notice” has the meaning set forth in Section 21(b). “URPP Use Fee” has the meaning set forth in Section 5(b). 5 \36164683.6 “Water Pipeline” has the meaning set forth in the Recitals. “Wharf” has the meaning set forth in the Recitals. “Wharf Lease” has the meaning set forth in the Recitals.
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Examples of Purchase Right of First Refusal in a sentence

  • If TRMC does not exercise its Purchase Right of First Refusal in the manner set forth above, TLO may, for the next ninety (90) days, proceed with the negotiation of the sale of the Amorco Assets.

  • This Purchase Right of First Refusal shall not apply to a transfer by Landlord to an Affiliate of Landlord, or to any heir or trust established by the controlling owner of Landlord.

  • If Landlord and Tenant, working diligently and in good faith, fail to execute such purchase and sale agreement within fifteen (15) business days after Tenant’s exercise of the Purchase Right of First Refusal, then Tenant shall be deemed to have waived its Purchase Right of First Refusal, and Landlord shall be authorized to the sell the Premises to the Buyer on the terms set forth in the ROFR Sale Notice within the following one hundred twenty (120) days.

  • Such Purchase Right of First Refusal described herein shall expire upon a First Liquidity Event and there shall be no right of first refusal with respect to an event that would be a First Liquidity Event.

  • T he en o r m o u s e x t en t t o w h i c h t he CO:CO 2 r a ti o ca n b e a l t e r e d b y ca t a l ys t s i s i ll u s tra t e d by so me t e s t s by Art hu r a n d Bo w ri n g ( 2 ).

  • Should Tenant elect to exercise the Purchase Right of First Refusal, Landlord and Tenant shall use commercially-reasonable efforts to enter into a purchase and sale agreement for the sale of the Premises to Tenant on the same terms set forth in the ROFR Sale Notice.

  • Notwithstanding anything to the contrary contained herein, in no event shall Tenant have the right to terminate the Lease following Tenant's notice to Landlord that it intends to_ exercise the Purchase Right of First Refusal.

  • Tenant shall then give Landlord written notice within Fifteen (15) business days of the receipt of the Purchase Notice of its election to either exercise or decline to exercise its Purchase Right of First Refusal at the price and pursuant to the material terms and conditions of the bona fide offer contained in the Purchase Notice.

  • If Tenant fails to timely exercise the Purchase Right of First Refusal, then Tenant shall be deemed to have waived the Purchase Right of First Refusal as to such offer, and Landlord may proceed with the sale of the Premises to the Buyer on the terms set forth in the ROFR Sale Notice within the following one hundred twenty (120) days.

  • Attached hereto is an Addendum or Addenda consisting of Paragraphs _____ through _____ and Exhibits _____ Addendum, Option to Extend, Option to Purchase, Right of First Refusal to Purchase Exhibit "A" and Exhibit "B" all of which constitute a part of this Lease.

Related to Purchase Right of First Refusal

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

  • Right of First Offer has the meaning set forth in Section 8.7.

  • Right of First Refusal Agreement means the Right of First Refusal Agreement, dated as of August 4, 2017, among the Partnership, the Operating Partnership and NextEra Energy Resources, LLC.

  • Right of First Refusal and Co-Sale Agreement means the agreement among the Company, the Purchasers, and certain other stockholders of the Company, dated as of the date of the Initial Closing, in the form of Exhibit G attached to this Agreement.

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

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

  • Right of Repurchase means the Company’s right of repurchase described in Section 7.

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

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

  • 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.

  • Right of Co-Sale means the right, but not an obligation, of an Investor to participate in a Proposed Key Holder Transfer on the terms and conditions specified in the Proposed Transfer Notice.

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

  • Repurchase Option has the meaning set forth in Section 1.3(a) hereto.

  • 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.

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Preemptive Right has the meaning set forth in Section 9.6(a).

  • Call Right The right of the holder thereof (or any successor), as named in the applicable Supplement, to purchase Certificates from the Holders thereof or to purchase Underlying Securities from the Trust.

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

  • Non-transferability means the occurrence of any event that makes it impossible for the Issuer to deliver Renminbi between accounts inside Hong Kong or from an account inside Hong Kong to an account outside Hong Kong, other than where such impossibility is due solely to the failure of the Issuer to comply with any law, rule or regulation enacted by any Governmental Authority (unless such law, rule or regulation is enacted after the Issue Date and it is impossible for the Issuer, due to an event beyond its control, to comply with such law, rule or regulation).

  • Put Right has the meaning set forth in Section 8.05(a).

  • Call Rights As defined in Section 9.01(f).

  • Preemptive Rights is defined in Section 4.8(b).

  • Transfer Restriction means any condition to or restriction on the ability of the Subscriber to pledge, sell, assign or otherwise transfer the Shares under any organizational document, policy or agreement of, by or with the Company, but excluding the restrictions on transfer described in paragraph 6(c) of this Subscription Agreement with respect to the status of the Shares as “restricted securities” pending their registration for resale or transfer under the Securities Act in accordance with applicable securities laws.

  • Registration Rights means the rights of the Holders to cause the Company to Register Registrable Securities pursuant to this Agreement.

  • Transfer Stock means shares of Capital Stock owned by a Key Holder, or issued to a Key Holder after the date hereof (including, without limitation, in connection with any stock split, stock dividend, recapitalization, reorganization, or the like), but does not include any shares of Preferred Stock or of Common Stock that are issued or issuable upon conversion of Preferred Stock.

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