First Refusal Right definition

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

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First Refusal Right means the right granted to the Company in accordance with Section 4.

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

Examples of First Refusal Right in a sentence

• However, the Market Stand-Off shall continue to remain in full force and effect following the lapse of the First Refusal Right.

• In addition, Purchased Shares which are released from the Repurchase Right shall not be transferred, assigned, encumbered or otherwise disposed of in contravention of the First Refusal Right or the Market Stand-Off.

• The Corporation may assign the Repurchase Right and/or the First Refusal Right to any person or entity selected by the Board, including (without limitation) one or more stockholders of the Corporation.

• The failure of the Corporation in any instance to exercise the Repurchase Right or the First Refusal Right shall not constitute a waiver of any other repurchase rights and/or rights of first refusal that may subsequently arise under the provisions of this Agreement or any other agreement between the Corporation and Optionee.

• The third-party offeror shall acquire the Target Shares free and clear of the First Refusal Right, but the acquired shares shall remain subject to the provisions of Article B and Paragraph C.

More Definitions of First Refusal Right

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

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

First Refusal Right. Section 6.5(a)

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

First Refusal Right. If the Company proposes to issue (a "Proposed Issuance") Additional Securities (as defined below), the Company shall offer such Additional Securities to Executive, and Executive shall have the right (a "First Refusal Right") to purchase all or any portion of his Pro Rata Share (as defined below) of such Additional Securities, upon the terms of the Proposed Issuance. The Company shall give Executive written notice of the Proposed Issuance stating the material terms thereof, including the type of Additional Securities involved, the proposed purchase price therefor and the anticipated closing date of such issuance (the "Company Notice"). If Executive desires to exercise his First Refusal Right, Executive shall, within 20 days of receipt of the Company Notice, deliver to the Company written notice stating the portion of Executive's Pro Rata Share of such Additional Securities that he is will to purchase (a "Response Notice"). Executive's Response Notice shall be deemed to constitute his irrevocable agreement to purchase the specified portion of his Pro Rata Share of the Additional Securities upon the terms of the Proposed Issuance described in the Company Notice, on the later of

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