Right of Refusal definition

Right of Refusal. Any unit member shall have the right to reject any offer or request for overtime, call back, Call-In Time or On-Call Time. If everyone in the department refuses the request, the overtime shall be assigned by the supervisor as equally as is practicable within each department, and the overtime shall be accepted by the unit member. However, in an emergency that requires immediate attention and an individual unit member has specific expertise to address the emergency, the right of refusal cannot be exercised by the unit member.

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Right of Refusal. Any bargaining unit member shall have the right to reject any offer or request by their supervisor/District Administrator to work overtime, extra time, or call back except in cases of emergency, which is defined as short-term, non-recurring incident(s) requiring the attention of the employee.

Right of Refusal means that the Selling Parties, before committing to effect a Sale Transaction, shall first offer to Buyer the Sale Transaction, subject to the following procedure: (i) in such event, the Selling Parties shall provide to Buyer a written notice (the "Sale Notice"), which shall describe the purchase price at which the Selling Parties intend to offer the Sale Transaction (the "Offer Price"), offering such Sale Transaction to Buyer for a purchase price that is equal to the Offer Price; (ii) the Selling Parties shall provide Buyer access to books, records and facilities relating to the Singapore Assets and the business of Singapore Sub as Buyer shall request to enable Buyer to consider the Selling Parties' offer, subject to Buyer's execution of appropriate confidentiality agreements; (iii) if, within thirty (30) days (assuming prompt compliance and cooperation of the Selling Parties with the due diligence requests of Buyer pursuant to clause (ii)) of receiving the Sale Notice, Buyer accepts such offer and elects, by written notice to the Selling Parties ("Buyer's Acceptance"), to commit to a Sale Transaction with the Selling Parties, then the Selling Parties shall be required to negotiate in good faith with Buyer a definitive agreement to consummate the Sale Transaction for a purchase price that is equal to the Offer Price; (iv) if, at the end of such thirty- day period (assuming prompt compliance and cooperation of the Selling Parties with the due diligence requests of Buyer pursuant to clause (ii)), Buyer has not accepted such offer, or upon the termination in good faith of negotiations by either party of the negotiations pursuant to clause (iii) after a negotiating period of sixty (60) days from the date the Selling Parties receive Buyer's Acceptance, then the Selling Parties shall be free for a period of six (6) months to consummate the Sale Transaction with the Buying Third Party for a purchase price equal to or not less than ninety percent (90%) of the Offer Price and otherwise on terms and conditions substantially the same as in the Sale Notice; and (v) if the Selling Parties desire to enter into a definitive agreement for a Sale Transaction with the Buying Third Party (A) for a purchase price less than ninety percent (90%) of the Offer Price or otherwise on terms and conditions not substantially the same as in the Sale Notice or (B) after the six- month period under clause (iv) has expired, then clauses (i), (ii) and (iii) of this Section 7.5.(b) shall ...

Examples of Right of Refusal in a sentence

• It is expressly agreed between the Parties that the First Right of Refusal shall mean that the Concessionaire will have a right to match the financial bid of the highest ranked bidder only if the Concessionaire participates in such bidding process and its bid is within 10% of the highest ranked bidder.

• A purchase shall be deemed to include the entering into of any agreement to exchange, or the obtaining of an option to purchase which is subsequently exercised, or the causing of a First Right of Refusal to be exercised, or an agreement to sell or transfer shares or assets.

• To the extent this Agreement is terminated by the Company for Cause, the Right of Refusal granted hereunder will terminate.

• This Right of Refusal Agreement shall automatically terminate upon the expiration or early termination of both Facility Lease I and Facility Lease II.

• To the extent this Agreement is terminated by the Company for Cause, the Right of Refusal granted hereunder will terminate in accordance with FINRA Rule 5110(g)(5).

• Any termination of the Lease shall terminate all rights of Tenant with respect to the First Right of Refusal Space.

• As part of the close of Escrow, Escrow Holder shall --------- record the following documents in the Official Records of the County, in the following order: The Deed, the Memorandum, the Right of Refusal Agreement, the Option Agreement, and the Environmental Declaration.

• First Right of Refusal letters must be filed before the last teacher day ends.

• Notice of the Company's intention to purchase the shares pursuant to its First Right of Refusal shall be evidenced by a writing signed by the Company and delivered to ▇▇▇▇▇ prior to the end of the 30th day following the Company's receipt of the Notice of Sale.

• First Right of Refusal for Sale of Hangar – If at any time, Lessee desires to sell or otherwise transfer its interest under this Agreement, including the Improvements existing on the Leased Premises, to a Buyer, and has obtained a bona fide offer for such sale, Lessee must first offer to sell or otherwise transfer such interest to the City, at the price and on the same terms as such bona fide offer, and the City shall have the right to purchase Lessee’s interest under such terms.

More Definitions of Right of Refusal

Right of Refusal. PROVIDED TENANT IS NOT IN DEFAULT HEREUNDER, TENANT SHALL HAVE A FIRST RIGHT OF REFUSAL ON ALL CONTIGUOUS SPACE IN THE BUILDING. TENANT SHALL HAVE FIVE (5) BUSINESS DAYS TO RESPOND IN WRITING AFTER RECEIPT FROM LANDLORD OF A WRITTEN NOTICE OF THIRD PARTY-OFFER. TENANT'S FAILURE TO AGREE IN WRITING WITHIN FIVE (5) BUSINESS DAYS, TO LEASE THE SPACE ON THE SAME TERMS AS SET FORTH IN THE THIRD PARTY OFFER, SHALL NULLIFY ALL OF TENANT'S RIGHTS TO THAT SPACE. TENANT WILL RETAIN A FIRST RIGHT OF REFUSAL ON ALL CONTIGUOUS SPACE IN THE FUTURE, UPON AVAILABILITY WITHIN THE BUILDING.

Right of Refusal. Our membership/visitor policy provides for denial of membership/visitation to an applicant or termination of a person whose conduct is inconsistent with the YMCA’s Standards of Conduct, values and mission.

Right of Refusal means, for the purpose of this policy, that any employee has the right to refuse to submit to a drug test. The “Consequences” of refusal are as follows: If an employee refuses to submit to a test as required under this policy, the employee will be subject to immediate termination as will any employee who refuses to undergo evaluation and/or treatment after a positive reasonable cause test.

Right of Refusal. Any faculty member who has initially authored an online course shall have first right of refusal to teach that course for the first four years after the course is developed. In order to exercise this right, the faculty author is responsible for submitting a written notice to the appropriate supervisor expressing a willingness to accept the specific teaching assignment. This notice shall be given prior to March 1 to exercise this right for the following academic year, or notice shall be given the term prior to teaching the course if the course is taught during the same academic year that it has been developed.

Right of Refusal. , shall mean the Prosecutor's unilateral right to refuse to prosecute any type or manner of case due to ethical issues, moral issues or other reasonable conflicts of interest, or due to the prosecutor's decision that the case does not merit going forward to trial for any reason.