Common use of Right of First Option Clause in Contracts

Right of First Option. (a) Without the consent of the other Parent, neither Parent may Transfer less than all of its Partner Sub Stock. Unless such Transfer is otherwise permitted by Section 2.1, any Parent desiring to Transfer (pursuant to a cash sale) all of its Partner Sub Stock (the "Selling Parent") shall give written notice (the "Initial Notice") to the Partnership and the other Parent (the "Offeree Parent") stating that the Selling Parent desires to Transfer its Partner Sub Stock and stating the cash purchase price and all other terms on which it is willing to sell (the "Offer Terms"). Delivery of an Initial Notice shall constitute the irrevocable offer of the Selling Parent to sell its Partner Sub Stock to the Offeree Parent hereunder.

Right of First Option. (a) Without the consent of the other Parent, neither no Parent may Transfer less than all of its Partner Sub Stock. Unless such Transfer is otherwise permitted by Section 2.1, any no Parent may Transfer its Partner Sub Stock for consideration other than cash. Unless such Transfer is otherwise permitted by Section 2.1, a Parent (the "Selling Parent") desiring to Transfer (pursuant to a cash sale) all of its Partner Sub Stock to any Person (including the "Selling Parent"other Parent or any Affiliate thereof) shall give written notice (the "Initial Notice") to the Partnership and the other Parent (the "Offeree Parent") stating that the Selling Parent desires to Transfer its Partner Sub Stock and stating the cash purchase price and all other terms on which it is willing to sell (the "Offer Terms"). Delivery of an Initial Notice shall constitute the irrevocable offer of the Selling Parent to sell its Partner Sub Stock to the Offeree Parent hereunder.

Right of First Option. (a) Without the consent of each of the other ParentParents, neither no Parent may Transfer less than all of its Partner Sub Stock, and unless such Transfer is otherwise permitted by Section 2.1, no Parent may Transfer its Partner Sub Stock for consideration other than cash. Unless such Transfer is otherwise permitted by Section 2.1, any Parent (the "Selling Parent") desiring to Transfer (pursuant to a cash sale) all of its Partner Sub Stock to any person (the "Selling Parent"including another Parent or any Affiliate thereof) shall give written notice (the "Initial Notice") to the Partnership and each of the other Parent Parents (the "Offeree ParentParents") stating that the Selling Parent desires to Transfer its Partner Sub Stock and stating the cash purchase price and all other terms on which it is willing to sell (the "Offer Terms"). Delivery of an Initial Notice shall constitute the irrevocable offer of the Selling Parent to sell its Partner Sub Stock to the Offeree Parent Parents hereunder.

Right of First Option. (a) Without the consent of each of the other ParentParents, neither no Parent may Transfer less than all of its Partner Sub Stock, and unless such Transfer is otherwise permitted by Section 2.1, no Parent may Transfer its Partner Sub Stock for consideration other than cash. Unless such Transfer is otherwise permitted by Section 2.1, any Parent (the "Selling Parent") desiring to Transfer (pursuant to a cash sale) all of its Partner Sub Stock to any person (the "Selling Parent"including another Parent or any Affiliate thereof) shall give written notice (the "Initial Notice") to the Partnership and each of the other Parent Parents (the "Offeree ParentParents") stating that the Selling Parent desires to Transfer its Partner Sub Stock and stating the cash purchase price and all other terms on which it is willing to sell (the "Offer Terms"). Delivery of an Initial Notice shall constitute the irrevocable offer of the Selling Parent to sell its Partner Sub Stock to the Offeree Parent hereunder.cash