Preference Right Sample Clauses
A Preference Right clause grants a party the first opportunity to accept or refuse a particular offer or opportunity before it is made available to others. In practice, this often applies to the sale of shares, property, or other assets, where the holder of the preference right can match the terms of a third-party offer or otherwise exercise their right before the asset is offered more broadly. The core function of this clause is to protect the interests of the preference holder by giving them priority access, thereby preventing unwanted third-party involvement or loss of control over key assets.
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Preference Right. Because this authorization is predicated on AS 38.05.075(c), upland ownership or a valid lease of the upland must be maintained by ▇▇▇▇▇▇. Unless Lessee purchases the upland, a lease or sublease allowing ▇▇▇▇▇▇ the use of the upland property and lodge (“contract”) must be in place during the entire term of this authorization (ADL 108428). A current copy of the contract, or any amendments to the contract shall be delivered to DMLW within 14 days of issuance. Should Lessee purchase the uplands, Lessee must inform DMLW within 14 days of the purchase.
Preference Right. No preference right for use or conveyance of the land is granted or implied by this authorization.
Preference Right. The Original Shareholders shall have preference rights on the Transfer of Shares issued by the Company owned by ▇▇▇▇▇▇ ("Direct Transfer") after the Lockout Period and on the disposal of Indirect Holdings (in this case of independent existence, but always the exercise of successive rights of Bradseg, Core and/or Integritas as appropriate and in accordance with the procedure laid down in the Integritas Agreement, such a right of preference being defined in this Agreement as "Successive Preemptive Right" ) ("Indirect Transfer").
7.2.1. The Original Shareholders shall have Successive Preference Rights on the Indirect Shares Offered, this right to be exercised by means of delivery by Bradseg, Core or Core Partners of the number of shares issued by ▇▇▇▇▇▇ representing indirect holdings disposed of by Bradseg, Core or Core Partners of ▇▇▇▇▇▇'▇ capital, as the case may be, for the same price per share and other conditions offered to Core, Bradseg, Core Partners and/or Integritas by the proposer, observing the provisions of item 7.3 below.
Preference Right. No preference right to a sale of this leasehold is granted or implied by the issuance of this Lease. Any renewal of this Lease will be subject to current statutes and regulations at the time of Lease expiration.
Preference Right. No preference right for subsequent authorizations is granted or implied by this authorization.
Preference Right. No preference right for a subsequent lease pursuant to AS 38.05.102 is granted or implied by this authorization.
Preference Right a) Because this authorization is predicated on AS 38.05.075(c), upland ownership or a valid lease of the upland must be maintained by ▇▇▇▇▇▇. Unless Lessee purchases the upland, a lease or sublease allowing ▇▇▇▇▇▇ the use of the upland property must be in place during the entire term of this authorization. A current copy of the contract, or any amendments to the contract shall be delivered to DMLW within 14 days of issuance. Should Lessee purchase the uplands, Lessee must inform DMLW within 14 days of the purchase.
b) No preference for a lease renewal under AS 38.05.070(e) or preference for a subsequent lease under AS 38.05.102 is granted or implied by this authorization.