Common use of Preferential Right Clause in Contracts

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.

Appears in 2 contracts

Sources: Financial Advisory Agreement (Ronco Brands, Inc.), Engagement Agreement (National Automation Services Inc)

Preferential Right. If the Company closes a Placement or a Transaction during the Term, for the twelve twenty four 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.

Appears in 1 contract

Sources: Engagement Agreement (Accelera Innovations, Inc.)