Preferential Rights definition
Preferential Rights means any right or agreement that enables any Person to purchase or acquire any Asset or any interest therein or portion thereof as a result of or in connection with (a) the sale, assignment or other transfer of any Asset or any interest therein or portion thereof, or (b) the execution or delivery of this Agreement or the consummation or performance of the terms and conditions contemplated by this Agreement.
Preferential Rights means any preferential purchase rights, rights of first refusal, preemptive rights or similar rights held by Third Parties that are triggered or required in connection with the sale of the Assets contemplated hereby.
Preferential Rights has the meaning specified in Section 3.4.
Examples of Preferential Rights in a sentence
If any Party discovers a Preferential Right that was not set forth on Schedule 4.3, then within three (3) Business Days after discovery of such Preferential Right, Seller shall prepare and send or cause the applicable Company Group Member to prepare and send, a notice (in a form reasonably acceptable to Purchaser) to the holder(s) of such Preferential Right(s).
Within five (5) Business Days after the Execution Date, Seller shall prepare and send or cause the applicable Company Group Member to prepare and send, notices (in a form reasonably acceptable to Purchaser) to the holders of the Preferential Rights set forth on Schedule 4.3 seeking a waiver of such Preferential Rights.
More Definitions of Preferential Rights
Preferential Rights has the meaning set forth in Section 5.6(a).
Preferential Rights has the meaning set forth in Section 4(j).
Preferential Rights has the meaning set forth in SECTION 4(h).
Preferential Rights means a right held by any third party to pre-empt the transaction contemplated by this Agreement or affect its terms in any way.
Preferential Rights means those rights described in Sections 8.1 and 8.2 of the Joint Development Agreement.
Preferential Rights shall have the meaning assigned to such term in Section 4.1(g).
Preferential Rights means a preferential right or option in favor of a third party to acquire all or a portion of a BOG Property, or to otherwise participate with BOG in the exploration, or development thereof.