Round One definition

Round One means the process and award of financing within the Local Youthful Offender Rehabilitative Facility Construction Financing Program pursuant to the request for proposals issued July 15, 2008.
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Round One. If the Voting Trust Unit Holder proposing to make a Transfer other than to a Permitted Transferee is a member of a G5 Family other than a G5 Person, such Voting Trust Unit Holder shall give notice (in accordance with the provisions of subparagraph 5.F below) to the Voting Trustee and to the G5 Person who is a member of the Transferor’s G5 Family, provided if such G5 Person is not legally competent on the date of such notice, then the notice required hereunder shall be given to ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, if then legally competent, and to each legally competent G5 Person; provided, however, if a G5 Person is not legally competent, such G5 Person’s notice shall instead be provided to each legally competent child of such G5 Person, if any (the “First Notice”). (a) If the G5 Person who is a member of the Transferor’s G5 Family receives a First Notice, then within 30 days after the date of the First Notice, such G5 Person shall have the right to purchase any or all of the Units proposed to be Transferred upon written notice to the Voting Trustee and the Transferor. A G5 Person may assign the right to purchase units pursuant to this subparagraph 5.D(2)(a) to one or more members of such G5 Person’s G5 Family by written notice to the Voting Trustee, the Transferor and the assignee or assignees. If the G5 Person assigns his or her right, the assignee or assignees will have 30 days following the date of the G5 Person’s notice of assignment to purchase any or all Units subject to the assignment by indicating in writing delivered to the Voting Trustee the number of Units the assignee intends to purchase, if any. (b) If the G5 Person who is a member of the Transferor’s G5 Family is not legally competent to receive the First Notice, then the Committee may be convened as described in paragraph 12 below for the purpose of assigning the option to purchase the Units proposed to be Transferred to one or more members of the Transferor’s G5 Family. If the Committee is convened and assigns the option to purchase to one or more members of the Transferor’s G5 Family, the Committee shall deliver notice of such assignment to such assignee or assignees within two days following the meeting of the Committee and the assignee or assignees shall have 30 days from the date of such notice of assignment to exercise their option to purchase any or all of the shares subject to the assignment by indicating in writing delivered to the Voting Trustee the number of Units each such Voting Trust Unit Hold...
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Examples of Round One in a sentence

  • Round Two leave selection shall commence upon completion of the Round One leave review.

  • Round Three leave selection shall commence upon completion of the Round One and Round Two leave review.

  • The Round One Leave choices shall be scheduled on the basis of seniority in the Fire Department.

  • Upon completion of Round Two leave choices, Department lists will be posted showing seniority and Round One and Round Two leave assignments.

  • Upon the completion of Round One leave choices, Department lists shall be posted showing seniority and Round One leave assignments.

  • The options are identified as Round One, Round Two, and Round Three annual leaves.

  • Employees who request such transfers are considered Round One candidates and will be granted an interview, provided he or she meets the basic qualifications and the transfer request is submitted by the position closing date.

  • In the event that there are no qualified applicants in Round One and Two, the vacancy may be posted as continuing in the Mid School Year Postings.

  • All additional known positions for Round Two will be posted eight (8) calendar days after Round One postings close.

  • Round two (2) of the posting procedure shall occur on or before June 1st, at which time the Board shall post all known vacancies for teaching positions in the subsequent academic year, any unfilled vacancies from Round One, and any vacancies resulting from teachers accepting a Round one posting.