Right of First Refusal Notice definition

Right of First Refusal Notice shall have the meaning specified in Section 7.10 of the Agreement.

Right of First Refusal Notice shall have the meaning ascribed to such term in Section 4.2(a).

Right of First Refusal Notice has the meaning described in Section 9.5 (Assignments by Lenders).

Examples of Right of First Refusal Notice in a sentence

• For the avoidance of doubt, Licensor shall not enter into any agreement with a Third Party relating to Licensor’s interest in Products or Licensor Technology during the Right of First Refusal Notice Period.

• If Landlord does not lease such space to the prospective tenant within one hundred eighty (180) days after the Right of First Refusal Notice, any lease transaction thereafter shall be deemed a new determination by Landlord to lease the space and the provisions of this Section shall again be applicable.

• In the event the Company does not respond to the Right of First Refusal Notice within such 30-day period, the Company shall be deemed to have declined to exercise its rights under this Section 5.

• For the avoidance of doubt, Company shall not enter into any agreement with a Third Party relating to Company’s interest in Products or Company Technology in the Territory during the Right of First Refusal Notice Period.

• For a period of thirty (30) days following receipt of the Right of First Refusal Notice, the Company shall have the right and option, but not the obligation, to purchase any or all of the Right of First Refusal Shares in the same manner and on the same terms and conditions as set forth in the Bona Fide Third Party Offer.

More Definitions of Right of First Refusal Notice

Right of First Refusal Notice has the meaning ascribed to such term in Section 21 of this Agreement;

Right of First Refusal Notice has the meaning set forth in Section 3.2(a) hereof.

Right of First Refusal Notice and the Offeree Member shall have thirty (30) days from receipt of such Right of First Refusal Notice in which to elect to agree to the terms of such Superior Offer (“Matching Offer”). If (x) the Offering Member (and/or any Affiliate or Controlled Affiliate thereof) accepts the First Offer prior to withdrawal by the Offeree Member or the expiration of the one hundred eighty (180) day period or (y) the Offeree Member makes a Matching Offer within thirty (30) days from receiving the Right of First Refusal Notice, as applicable, the Offering Member (and/or any Affiliate or Controlled Affiliate thereof) and the Offeree Member shall work in good faith to reach mutually agreeable terms and enter into definitive agreements to develop such Opportunity within one hundred twenty (120) days of the Offering Member’s acceptance of the First Offer or the Matching Offer, as applicable. If (A) the Offering Member and the Offeree Member fail to enter into such definitive agreements to develop such Opportunity within such one hundred twenty (120) day period (or such later period as may be granted by the Offering Member) or (B) the Offeree Member fails to making a Matching Offer within thirty (30) days from receiving the Right of First Refusal Notice, as applicable, then, in each case, the Offering Member (or any Affiliate or Controlled Affiliate thereof) shall thereafter have the absolute right to pursue such Opportunity independently of the Offeree Member or any Affiliate thereof without any obligation to re-present such Opportunity to the Offeree Member. However, (1) if the Offering Member (and/or any Affiliate or Controlled Affiliate thereof) has not secured a Superior Offer on or before the expiration of the one hundred eighty (180) days following receipt of a First Offer or (2) if the Offering Member and a Third Party fail to (i) execute definitive agreements agreeing to the terms of a Superior Offer (on which the Offeree Member has not made a Matching Offer) within one hundred twenty (120) days after delivery of the Right of First Refusal Notice or (ii) consummate such agreements within one (1) year after delivery of the Right of First Refusal Notice, and, in each case, the Offering Member continues to desire a partner for such Opportunity, the Offering Member shall (or shall cause its Affiliate or Controlled Affiliate to) again present a Right of First Offer Notice to the Offeree Member and restart the process in accordance with this Section 2.9(b).

Right of First Refusal Notice shall have the meaning set forth in Section 7.2.

Right of First Refusal Notice has the meaning given to such term in Section 9.3(a).

Right of First Refusal Notice is defined in Section 2.9(b)(ii).

Right of First Refusal Notice shall have the meaning set forth in Paragraph 5(b)(iii) of this Third Supplement.