First Refusal Right definition

First Refusal Right means the right granted to the Corporation in accordance with Article E.

First Refusal Right means the right granted to the Corporation in accordance with Article X.

First Refusal Right means the right granted to the Corporation in accordance with Section 5.

Examples of First Refusal Right in a sentence

• Notwithstanding the above, Lessee may also assign its rights under this First Refusal Right to its Lender with respect to the Lessee’s ground leasehold estate in the Premises.

• In the event the First Refusal Right has expired and terminated, any attempt to exercise the First Refusal Right shall be ineffective.

• To exercise the First Refusal Right, Lessee must not be in Default under this Lease.

• Upon such notice being given, this First Refusal Right shall become a contract of purchase and sale subject to the terms contained in this section and the Parties shall enter into such purchase agreement and/or supplemental escrow instructions as may be reasonably necessary to effect the purchase (provided there shall be no proration of taxes and other items that pursuant to this Lease, Lessee is obligated to pay as the lessee hereunder).

• Further, Xxxxxx must deliver written notice of its election to exercise the First Refusal Right to Lessor as provided in this section.

More Definitions of First Refusal Right

First Refusal Right means the right granted to the Company in accordance with Section 10.

First Refusal Right means the right granted to the Company in accordance with Section 4. MARKET STAND-OFF shall mean the market stand-off restriction specified in Section 3.3. PARENT shall mean any company (other than the Company) in an unbroken chain of companies ending with the Company, provided each company in the unbroken chain (other than the Company) owns, at the time of the determination, stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other companies in such chain. PERMITTED TRANSFER shall mean (i) a gratuitous transfer of the Restricted Shares, provided and only if Recipient obtains the Company's prior written consent to such transfer, (ii) a transfer of title to the Restricted Shares effected pursuant to Recipient's will or the laws of intestate succession following Recipient's death or (iii) a transfer to the Company in pledge as security for any purchase-money indebtedness incurred by Recipient in connection with the acquisition of the Restricted Shares. RECAPITALIZATION shall mean any stock split, stock dividend, recapitalization, combination of shares, exchange of shares or other change affecting the Company's outstanding Common Stock as a class without the Company's receipt of consideration. REORGANIZATION shall mean any of the following transactions:

First Refusal Right means the right granted to the ------------------- Corporation in accordance with Article E.

First Refusal Right shall have the meaning ascribed thereto in Section 8.2(b).

First Refusal Right has the meaning defined in Section 1.9(a).

First Refusal Right means the right granted to the Company in accordance with Section 5.

First Refusal Right means the right granted to the Company in accordance with Paragraph 8(b)(i).