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 has the meaning specified in Section 3.4.

Preferential Rights has the meaning set forth in Section 5.6(a).

Examples of Preferential Rights in a sentence

• Options or Preferential Rights in Respect of SharesThere are no provisions of Guernsey law which confer pre-emption rights on existing Shareholders on the allotment of equity securities for cash.

• Except as set forth in Schedule 4.23, there are no Preferential Rights, and there are no Transfer Requirements relating to any of the Assets.

• The Covered Bonds are obligations issued or converted in accordance with the Covered Bond Act and rank pari passu with all other obligations of the Bank that have been provided with the same priority as Covered Bonds pursuant to the Swedish Preferential Rights of Creditors Act (1970:979) (förmånsrättslagen (1970:979)).

• If, however, the Disposing Member fails so to Dispose of the Membership Interest within such [***]-Day period (or, if applicable, such fifth Business Day period), the proposed Disposition shall again become subject to the Preferential Rights.

• Individual membership – which shall be offered to individuals who support the objectives of the Association.

More Definitions of Preferential Rights

Preferential Rights means a right of first refusal, pre-emptive right of purchase or similar right whereby any Third Party has the right to acquire or purchase any of the Assigned Interest, or affect the terms of the Assigned Interest in any way, whether arising under contract, Law, or otherwise;

Preferential Rights shall have the meaning assigned to such term in Section 6.3.

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 any preferential rights to purchase or similar rights applicable to any Asset.

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.

Preferential Rights has the meaning provided such term in sub-section (m) of the definition of “Permitted Liens.”