First Offer Right definition

First Offer Right. As defined in Schedule 1.9(g)(i).

First Offer Right shall have the meaning set forth in Section 15.4 of this Lease.

First Offer Right shall have the meaning set forth in Section 9.1.

Examples of First Offer Right in a sentence

• The exclusive right to undergo the First Offer Right Procedure described in Section 5.4 below shall be deemed granted by Licensee to Bayer upon delivery of the Partnering Right Notification to Bayer.

• If Bayer elects to undergo the First Offer Right Procedure, then Bayer shall provide Licensee with written notice of its election to do so within such *** period (the “Election Notification”) and the Parties shall then be obligated to undergo the First Offer Right Procedure set forth in Section 5.4 below.

• Licensee shall have the right, at any time after the occurrence of the Triggering Event, to exercise the Partnering Right; provided, however, that, as conditions precedent to the exercise of the Partnering Right, Licensee shall first provide to Bayer the Partnering Right Notification and grant to Bayer the exclusive right to undergo the First Offer Right Procedure described in Section 5.4 below.

• Within *** of delivery of the Partnering Right Notification by Licensee, Bayer shall have to elect whether or not to undergo the First Offer Right Procedure.

• SECTION 4.1 Set forth below are the procedures applicable to the Permitted Acquisition First Offer Right.

More Definitions of First Offer Right

First Offer Right has the meaning specified in Section 11.2(a) of the LLC Agreement.

First Offer Right. As defined in Article 31.

First Offer Right has the meaning given in Section 6.2.

First Offer Right shall have the meaning set forth in Section 15.4 of this Lease. "Foreclosure Event" means any: (a) foreclosure sale (or trustee’s sale, assignment in lieu of foreclosure, Bankruptcy Sale, or similar transfer) affecting the Leasehold Estate; or (b) Leasehold Mortgagee’s exercise of any other right or remedy under the Leasehold Mortgage or its other loan documents (or applicable law) that divests Tenant of its Leasehold Estate or effects a Transfer of Equity Interests in Tenant, in each case, including, without limitation, pursuant to an assignment in lieu of foreclosure or similar transfer; or (c) foreclosure sale (or trustee’s sale, assignment in lieu of foreclosure, Bankruptcy Sale, or similar transfer) affecting a Subleasehold Estate; or (d) a Subleasehold Mortgagee’s exercise of any other right or remedy under a Subleasehold Mortgage or its other loan documents (or applicable law) that divests a Subtenant of its Subleasehold Estate or effects a Transfer of Equity Interests in a Subtenant, including, without limitation, pursuant to an assignment in lieu of foreclosure or similar transfer; or (e) a Mezzanine Lender's exercise of any right or remedy under its loan documents effecting a Transfer of Equity Interests, including, without limitation, pursuant to an assignment in lieu of foreclosure or similar transfer.

First Offer Right. Tenant's first offer right with respect to the Property granted pursuant to Article 27.

First Offer Right shall have the meaning provided in Section 19.4.

First Offer Right has the meaning set forth in Section 2.2(b).