Preferential Right. 2.1. In the event that the Master Royalty Recipient is declared insolvent or bankrupt, owners of Royalty Shares shall be entitled to receive, out of the Master Royalties available for distribution to Royalty Share owners, payment distributed in accordance with the following priority system: ■ Payments shall first be made to Royalty Share with token identification number one (1).
Preferential Right. Notwithstanding the provisions of Paragraph 19. above, Buyer shall have the right to Transfer all, but not less than all, of its right, title and interest in any Lease of which Buyer has earned a Secondary Term Assignment, but no such Transfer may be made unless and until Buyer shall have given Seller written notice of the offer received by Buyer therefor, with full information concerning the proposed sale, which shall include the name and address of the prospective purchaser (who must be ready, willing, and able to purchase), the purchase price, and all other terms on which the Transfer is to be made. Seller shall have a period of fifteen (15) days from receipt of such notice in which to elect to purchase Buyer's interest for the stated consideration and on the same terms and conditions; provided, however, Seller shall have no such preferential right to purchase in the case of a Transfer to an Affiliate or in the case of any sale, assignment or other transfer of the stock of Buyer Members by a shareholder; provided, further, that any change of control of Buyer during the time Buyer holds such Lease pursuant to a Secondary Term Assignment made hereunder, or of an Affiliate transferee or other transferee of Buyer following the Transfer thereto of such Lease which is subject to a Secondary Term Assignment made hereunder, shall be considered a Transfer subject to Seller's option to exercise its preferential right under the provisions of this Paragraph 20 with respect such Lease. In the event of any Transfer for consideration other than cash or other consideration with quantifiable value (e.g. marketable securities or debt), or in the event of a change of control of Buyer during the time Buyer holds such Lease pursuant to a Secondary Term Assignment made hereunder, or of an Affiliate transferee or other transferee of Buyer following the Transfer thereto of such Lease which is subject to a Secondary Term Assignment made hereunder, Seller's option to exercise its preferential right shall be based upon a price equal to the value allocated in good faith to the Property to be Transferred, or if no such allocation was made in the transaction giving rise to the Transfer, the preferential right shall be based upon the applicable price per net mineral acre set forth in Paragraph 7.B. of this Agreement. For the purposes of this Paragraph 20, a "change of control" of Buyer, or of an Affiliate transferee or other transferee of Buyer, shall mean a transaction or series of ...
Preferential Right. 6.1 For the same service, if an independent third party cannot offer better conditions and terms than Party B, Party A can grant Party B preferential right.
Preferential Right. Article 19 - The existing shareholders shall have preferential rights with respect to the purchase of new shares to be issued. The duration and conditions of exercising such a priority shall be determined by the Board of Directors in accordance with the legislation. Each Group (A) share is considered as 20 shares and divided into total number of shares due to the reason that 20 Group (A) shares have been changed with 1 Group (A) share with a nominal value of 1 Kurus, thus the preferential right to be given to each share is calculated by considering each Group (A) share as times 20. The preferential rights not used within their validity periods are presented to the public in accordance with the legislation. Decrease of Capital
Preferential Right. The Ejido hereby grants to the Company, and the Company acquires from the Ejido, the exclusive and preferential right of first refusal to acquire in first term, under equal terms and conditions of sale, the ownership rights in and to the Mining Occupation Land.
Preferential Right. If the Company closes a Placement or a Transaction during the Term, for the twelve month period commencing on the later of (i) the date of the closing of the Placement or (ii) the date of the closing of any Transaction, Wellington shall have a preferential right whereby the Company will offer Wellington the first opportunity to provide any financing arrangements to the Company.
Preferential Right. 6.1 For the same service, if an independent third party cannot offer better conditions and terms than Netcom Group, CNC China can grant Netcom Group preferential right.
Preferential Right. A preferential purchase right exists with respect to the Subject Interests and the Ownership Interest. Immediately upon signing of this Agreement, a copy of this Agreement along with the requisite notices under the preferential purchase rights shall be sent to the parties entitled thereto.
Preferential Right. This lease agreement will expire after nine years. The Lessee will receive the preferential right to lease the leased premises again through, in that case, closing a lease agreement, based on the same conditions as this lease agreement (indexed rent amount). Drawn up in Mechelen on 6/30/99 in triplicate, of which each party acknowledges to have received one signed copy following its signing, and one copy is intended for registration by the Lessor at the expense of the Lessee. For the Lessor, For the Lessee, /s/ Xxxx Xxxxxxxxx /s/ Onno van xx Xxxxxx
Preferential Right. (i) Prior to granting to a third party exclusive rights to develop or distribute Kits for the detection or quantification of one or more analytes for use within a field within the human clinical diagnostics industry (such analytes and field of use are referred to collectively herein as the "Subject Field"), LUMINEX shall provide BIO-RAD with a right of first offer with respect to such Subject Field, as follows: prior to entering into an agreement granting a third party exclusive rights to develop and/or distribute Kits within a Subject Field, LUMINEX shall provide written notification to BIO-RAD, together with a summary of the Subject Field. Upon request by BIO-RAD within [**] days after receipt of such a notice, LUMINEX and BIO-RAD shall negotiate in good faith an agreement with respect to such Subject Field. If BIO-RAD is not interested in obtaining rights with respect to such Subject Field, BIO-RAD shall so notify LUMINEX as early as possible during the foregoing [**] day period. If (i) BIO-RAD does not so request within such [**] day period to commence negotiations, or notifies LUMINEX that it is not interested in obtaining rights with respect to such Subject Field, or (ii) the parties do not enter into a definitive agreement with respect to such Subject Field within [**] days after BIO-RAD's receipt of LUMINEX's notice under this Section 3.3(b) (in each of (i) and (ii), the "Negotiation Period"), LUMINEX may proceed to grant rights or licenses to third parties with respect to all or any part of the Subject Field, with no further obligation under this Section 3.3. Notwithstanding the foregoing, BIO-RAD's rights and obligations under this Section 3.3 shall not apply to a Subject Field for which BIO-RAD does not Control sufficient rights to commercialize Kits within such Subject Field, where "
