Right of First Refusal means the Company’s right of first refusal described in Section 8.
Right of First Refusal means the right, but not an obligation, of the Company, or its permitted transferees or assigns, to purchase some or all of the Transfer Stock with respect to a Proposed Key Holder Transfer, on the terms and conditions specified in the Proposed Transfer Notice.
Right of First Refusal shall have the meaning set forth in Section 6.5.2.
Examples of Right of First Refusal in a sentence
A Member may transfer a Permit to a party other than a 11 Member, subject to a Right of First Refusal (the “ROFR”), which may be adopted or amended from time 12 to time by the Board, in favor of Active Members of the Sector, Active Members of other Northeast 13 Fishery Sectors, and certain other parties.
Additionally, in the event the Company exercises its right to terminate for cause, any obligations with respect to the payment of any termination fee or Right of First Refusal shall be eliminated.
The failure of the Representative to give such notice within such five (5)-day period will be deemed an election not to exercise its Right of First Refusal.
Right of First Refusal i.e. ROFR will be used for permit sales or 12 transfers.
More Definitions of Right of First Refusal
Right of First Refusal means the Company’s right of first refusal described in Section 3.
Right of First Refusal has the meaning set forth in Section 7.1(b)(i).
Right of First Refusal shall have the meaning set forth in Section 7.3(a) hereof.
Right of First Refusal has the meaning specified in Section 12.8 hereof.
Right of First Refusal means a right of first refusal, pre-emptive right of purchase or similar right whereby a third party has the right to acquire or purchase a portion of the Assets as a consequence of the Vendor having agreed to sell the Assets to the Purchaser in accordance with the terms of this Agreement;
Right of First Refusal has the meaning ascribed to such term in Section 6.2(a).
Right of First Refusal means the Company’s right of first refusal described in Section 6.