Restricted Opportunity definition

Restricted Opportunity means a Corporate Opportunity offered in writing to a Dual Role Person solely in such Dual Role Person’s capacity as a director, officer or employee of the Corporation or any of its Affiliated Companies.

Restricted Opportunity means a transaction, matter or opportunity offered in writing to any Sponsor or a director, officer, or employee of a Sponsor solely and expressly by virtue of such Person being a member of the Board of Directors or an officer or an employee of the Corporation.

Restricted Opportunity means in respect of each Affiliated Issuer, any bona fide offer or invitation of business opportunity(ies), the pursuance of which by any member of its Affiliated Group is prohibited under the Existing Undertakings.”

Examples of Restricted Opportunity in a sentence

• If CEI elects not to pursue such Restricted Opportunity, the Allied Parties shall have the right to pursue such opportunity for their own account, including through a joint venture with one or more third parties.

• The notification shall contain a summary of the Restricted Opportunity, including at a minimum the name of any potential counterparty; an overview of the investment, business, asset or project; the relevant locations; all deadlines and other relevant timelines; and the estimated consideration or investment.

• In the event such consent is not obtained, then the proposed investment, acquisition or undertaking shall not be construed as a Restricted Opportunity hereunder.

• In the event CEI later determines to abandon such Restricted Opportunity, it shall promptly notify Allied, which shall then have the right to pursue such opportunity for its, or its Affiliates’ own account, including through a joint venture with one or more third parties.

• The parties understand and agree that, notwithstanding any other provision herein, an opportunity shall not be a Restricted Opportunity hereunder to the extent CEI’s participation in such opportunity would: (i) result in the breach or violation of the license, lease or contract right being sold, transferred, licensed or otherwise disposed; (ii) be illegal under the law applicable to the transaction; or (iii) be prohibited by any governmental authority having jurisdiction over the transaction.

More Definitions of Restricted Opportunity

Restricted Opportunity means a transaction, matter or opportunity offered in writing to Mr. Edwards or Littlejohn or a director, officer, or employee of Edwards or Littlejohn solely and expressly by virtue of such Person being a member of the Board of Directors or an officer or an employee of the Corporation.

Restricted Opportunity means any opportunity for the leasing, acquisition, farm-in, exploration, development, production, or any combination of the foregoing, of oil, gas or other Hydrocarbon leases in the Designated Area.

Restricted Opportunity has the meaning set forth in Section 3.1.

Restricted Opportunity means a corporate opportunity offered to a Person in writing solely and expressly by virtue of such person being a director, officer or employee of the Company.

Restricted Opportunity means a discrete business opportunity that satisfies each of the following criteria:

Restricted Opportunity means (a) with respect to each of Tim Christensen and Nick Manuel, any direct or indirect (i) gathering, transportation or marketing (or any combination of the foregoing) of any crude oil or derivatives therefrom from any lands covering or burdening any lands located within the Restricted Area, (ii) acquisition, purchase or opportunity with respect to any rights-of-way, easements, pipelines, gathering systems or related equipment with respect to or used for the gathering, transportation or marketing (or any combination of the foregoing) of any crude oil or derivatives therefrom from any lands covering or burdening any lands located within the Restricted Area or (iii) agreement or opportunity (including the financing of) to provide to any Person any gathering, transportation or marketing (or any combination of the foregoing) of any crude oil or derivatives therefrom from any lands covering or burdening any lands located within the Restricted Area; provided , however , that for purposes of clarification, Restricted Opportunities shall not include natural gas with respect to either Tim Christensen or Nick Manuel; and (b) with respect to each of Greg Ward, David Ratliff, David Wait and Colin Miller, any direct or indirect (i) gathering, processing, compression, fractionation, transportation or marketing (or any combination of the foregoing) of any hydrocarbons or derivatives therefrom from any lands covering or burdening any lands located

Restricted Opportunity has the meaning ascribed to it in the Deed of Conditional Waiver, details of which are summarised in the circulars of Xxx Xxxx dated 1 December 2012 and 19 March 2019;