The Right of First Refusal Sample Clauses

The Right of First Refusal. Where the Employer has determined that a particular credit course is to be taught on a sessional basis, an applicant who applies for the position within the official posting period shall enjoy a right of first refusal in connection with it, provided:
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
The Right of First Refusal. If at any time one or more of the Founders propose to sell or otherwise transfer any Common Shares (as defined in Section 5.1.5 below) to parties other than the Holders (on a pro rata basis) in a transaction (a "Transaction") not registered under the Securities Act, then such Founder (a "Selling Founder") shall first promptly notify the Holders of its intention to do so pursuant to Section 5.1.3. Each Holder shall have a right of first refusal to purchase its pro rata share of all Common Shares proposed to be sold by any Selling Founder after such Selling Founder first offers such Common Shares to the Company pursuant to existing agreements containing such right. The Selling Founder shall promptly, in writing, inform each Fully-Exercising Holder of any other Holder's failure to exercise its right of first refusal. During the ten (10) day period commencing after such information is given, each Fully-Exercising Holder may elect to purchase that portion of the Common Shares for which the Holders were entitled to subscribe but which were not subscribed for by the Holders that is equal to a fraction of the unsubscribed shares. The numerator of such fraction shall be the number of equity securities of the Company (assuming conversion of all such securities to Common Stock) owned by a Fully-Exercising Holder and the denominator of which shall be the total number of equity securities (assuming the conversion of all such securities to Common Stock) owned by all Fully-Exercising Holders who wish to purchase some of the unsubscribed shares. For purposes of determining each Holder's pro rata share, all affiliates shall be aggregated and any of such affiliates may sell some or all of the shares available to such affiliates pursuant to this Section 5.1.1.
Sample 1
The Right of First Refusal. Every time LL makes an offer to a third party, or receives an offer from a third party, he must notify the tenant in writing, and join a copy in writing. S. 16.2, p. 353. These examples are very favorable. Usually, the LL will not disclose all of the terms of the agreement to you. Then you have 15 business days to take the offer on the same terms and conditions as the third party. LL: Would never allow an option like that for more than 48 hours. Tenant: Make sure 48 business hours. Also, make sure it is on the same terms, except the term of the lease. The term should be coterminous with my lease. LL: This would be bad because usually it will mean a smaller/shorter less time. So provide that the right will only be available if you are less than half way through your lease, for example. These rights are personal and do not provide a real right against the LL.
Sample 1
The Right of First Refusal. In addition to the shares that the Investor is required to purchase pursuant to Section 2.1(a), the Investor shall have the right of first refusal to purchase, for the Subscription Price per share, the lesser of (i) 6,000,000 shares of Common Stock, (ii) if the Company shall conduct the Rights Offering, all shares of Common Stock not purchased by stockholders exercising their Basic Subscription Rights, and (iii) the maximum number of shares of Common Stock that may be issued to the Investor without causing an “ownership change” under Section 382(g) of the Code (based on all shares of Common Stock outstanding at the completion of the transaction) (the “Optioned Securities”). The Investor shall notify the Company of the number of shares he wishes to purchase pursuant to this Section 2.1(b) within five (5) days after receiving written notification stating the number of shares for which subscriptions were received upon the exercise of Basic Subscription Rights and the Over-Subscription Privilege in any Rights Offering, and, if a Rights Offering shall not have been conducted, then prior to five (5) days before the Closing Date. The Shares of Common Stock described in subsections (a) and (b) of this Section 2.1 that the Investor is required and/or entitled to purchase after the Initial Purchase are referred to as the “Securities”, which combined with the Initial Securities, will equal the “Aggregate Securities.” The Company agrees that, notwithstanding anything to the contrary in this Agreement, if for any reason it shall not conduct or consummate the Rights Offering, it shall still permit the Investor to purchase the Aggregate Securities.
Sample 1
The Right of First Refusal. The provision in the Convertible Note pertaining to “Right of First Refusal” is hereby removed. ALL OTHER TERMS AND CONDITIONS OF THE NOTE REMAIN IN FULL FORCE AND EFFECT. Please indicate acceptance and approval of this amendment dated February 2, 2017 by signing below: Liberty Star Uranium & Metals Corp. Tangiers Investment Group, LLC By: By: Rxxxxx Xxxxxx Its: Its: Managing Member
Sample 1
The Right of First Refusal 
Sample 1Sample 2

Related to The Right of First Refusal

  • Right of First Refusal Unless it shall have first delivered to the Buyer, at least seventy two (72) hours prior to the closing of such Future Offering (as defined herein), written notice describing the proposed Future Offering, including the terms and conditions thereof, and providing the Buyer an option during the seventy two (72) hour period following delivery of such notice to purchase the securities being offered in the Future Offering on the same terms as contemplated by such Future Offering (the limitations referred to in this sentence and the preceding sentence are collectively referred to as the “Right of First Refusal”) (and subject to the exceptions described below), the Company will not conduct any equity financing (including debt with an equity component) (“Future Offerings”) during the period beginning on the Closing Date and ending twelve (12) months following the Closing Date. In the event the terms and conditions of a proposed Future Offering are amended in any respect after delivery of the notice to the Buyer concerning the proposed Future Offering, the Company shall deliver a new notice to the Buyer describing the amended terms and conditions of the proposed Future Offering and the Buyer thereafter shall have an option during the seventy two (72) hour period following delivery of such new notice to purchase its pro rata share of the securities being offered on the same terms as contemplated by such proposed Future Offering, as amended. The foregoing sentence shall apply to successive amendments to the terms and conditions of any proposed Future Offering. The Right of First Refusal shall not apply to any transaction involving (i) issuances of securities in a firm commitment underwritten public offering (excluding a continuous offering pursuant to Rule 415 under the 1933 Act), (ii) issuances to employees, officers, directors, contractors, consultants or other advisors approved by the Board, (iii) issuances to strategic partners or other parties in connection with a commercial relationship, or providing the Company with equipment leases, real property leases or similar transactions approved by the Board (iv) issuances of securities as consideration for a merger, consolidation or purchase of assets, or in connection with any strategic partnership or joint venture (the primary purpose of which is not to raise equity capital), or in connection with the disposition or acquisition of a business, product or license by the Company. The Right of First Refusal also shall not apply to the issuance of securities upon exercise or conversion of the Company’s options, warrants or other convertible securities outstanding as of the date hereof or to the grant of additional options or warrants, or the issuance of additional securities, under any Company stock option or restricted stock plan approved by the shareholders of the Company.

  • Company Right of First Refusal (a) Before the Warrant, any portion thereof or any Shares may be sold or otherwise transferred by the Holder, the Company shall have a right of first refusal to purchase the Warrant, such portion thereof and/or any such Shares, as the case may be, on the terms and conditions set forth in this Section 11.

  • Grant of Right of First Refusal Except as provided in Section 12.7 below, in the event the Optionee, the Optionee's legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares (the "TRANSFER SHARES") to any person or entity, including, without limitation, any shareholder of the Participating Company Group, the Company shall have the right to repurchase the Transfer Shares under the terms and subject to the conditions set forth in this Section 12 (the "RIGHT OF FIRST REFUSAL").

  • Exercise of Right of First Refusal At any time within thirty (30) days after receipt of the Notice, the Company and/or its assignee(s) may, by giving written notice to the Holder, elect to purchase all, but not less than all, of the Shares proposed to be transferred to any one or more of the Proposed Transferees, at the purchase price determined in accordance with subsection (c) below.

  • Right of First Offer Provided that both on the date of Tenant’s exercise of its option in regard hereto, and on the date upon which such space is to be occupied by Tenant hereunder, (i) the Lease is in full force and effect, (ii) Tenant is not then in material default under the Lease, Tenant shall have the right, upon the conditions, and subject to the terms, set forth herein, to lease additional office space which may be available for leasing (as hereinafter defined) throughout the Project (the “Offer Space”). If any such Offer Space is available for leasing, the Landlord shall provide the Tenant with written notice (the “Landlord’s Offer Notice”), which notice shall describe the Offer Space expected to become available for occupancy by Tenant, the time of its availability and all of the terms, covenants, and conditions of such lease of the Offer Space, including the amount of the rent for such Offer Space. In the event that Tenant desires to lease any such Offer Space, Tenant shall notify Landlord in writing within fifteen (15) business days following its receipt of the Landlord’s Offer Notice, of its desire to lease such Offer Space (the “Tenant’s Response Notice”). Time shall be of the essence with respect to the giving of any Tenant’s Response Notice. Tenant’s failure to timely deliver a Tenant’s Response Notice to Landlord shall be deemed a decision not to exercise, and also to waive, Tenant’s right to exercise such option with respect to such Offer Space but only for the occasion identified in such Landlord’s Offer Notice. If, pursuant to the Tenant’s Response Notice, Tenant elects to lease the Offer Space, then and in such event, Landlord and Tenant shall enter into an amendment to this Lease, within thirty (30) days following the date of the Tenant’s Response Notice for the lease of such Offer Space, which amendment, among other terms, covenants and conditions therein contained, shall provide for the Offer Space to be incorporated into the Premises and the Base Rent and Tenant’s Proportionate Share to be modified to reflect the inclusion of the Offer Space. Any options to renew available to Tenant as to the Premises shall apply also to the Offer Space so incorporated into the Premises. All Offer Space shall be leased to Tenant on an “AS IS” basis, in the state and condition in which the same shall be upon removal by the preceding occupant, if any, except that Landlord shall remove any items of personal property left by such occupant and shall deliver the Offer Space to Tenant in “broom clean” fashion. Tenant shall not be entitled to any abatement or reduction of rent by reason of such state and condition. Landlord makes no representations as to the condition of any Offer Space or as to any other thing or fact related thereto, and Landlord shall have no obligation to decorate, repair, alter, improve or otherwise prepare the Offer Space for Tenant’s occupancy. If Landlord is unable to give possession of any Offer Space to Tenant because of the holding over or retention of possession thereof by any tenant, subtenant or other occupant or for any other reason, Landlord shall not be subject to any liability for failure to give possession and the validity of this Lease shall not be impaired under such circumstances, but in no event shall Tenant be obligated to pay rent on the Offer Space until the Landlord delivers possession thereof. The provisions of this paragraph shall survive the entry into by Landlord and Tenant of an amendment to the Lease which pertains to the subject portion of the Offer Space.

  • Waiver of Right of First Refusal The Company hereby waives any preexisting rights of first refusal applicable to the transactions contemplated hereby.

  • Termination of Right of First Refusal The Right of First Refusal shall terminate as to any Shares upon the earlier of (i) the first sale of Common Stock of the Company to the general public, or (ii) a Change in Control in which the successor corporation has equity securities that are publicly traded.

  • Assignment of Right of First Refusal The Company shall have the right to assign the Right of First Refusal at any time, whether or not there has been an attempted transfer, to one or more persons as may be selected by the Company.

  • Rights of First Refusal The Company is not obligated to offer the securities offered hereunder on a right of first refusal basis or otherwise to any third parties including, but not limited to, current or former stockholders of the Company, underwriters, brokers, agents or other third parties.

  • General Partner Right of First Refusal The transferring Partner shall give written notice of the proposed transfer to the General Partner, which notice shall state (i) the identity of the proposed transferee, and (ii) the amount and type of consideration proposed to be received for the transferred Partnership Units. The General Partner shall have ten (10) days upon which to give the transferring Partner notice of its election to acquire the Partnership Units on the proposed terms. If it so elects, it shall purchase the Partnership Units on such terms within ten (10) days after giving notice of such election. If it does not so elect, the transferring Partner may transfer such Partnership Units to a third party, on economic terms no more favorable to the transferee than the proposed terms, subject to the other conditions of this Section 11.3.

Time is Money Join Law Insider Premium to draft better contracts faster.