Common use of Rights of First Offer Clause in Contracts

Rights of First Offer. (a) The Partnership Group hereby grants Höegh a right of first offer on any proposed Transfer by any Partnership Group Member of any Five-Year Vessels or any Non-Five-Year Vessels owned or acquired by any Partnership Group Member. With respect to any such proposed Transfer, the Partnership Group need not offer any particular Five-Year Vessel or Non-Five-Year Vessel to Höegh if Höegh has previously advised the MLP that it does not wish to acquire such vessel.

Appears in 4 contracts

Samples: Omnibus Agreement (Hoegh LNG Partners LP), Omnibus Agreement, Omnibus Agreement (Hoegh LNG Partners LP)

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Rights of First Offer. (a) The Partnership Group hereby grants Höegh a right of first offer on any proposed Transfer by any Partnership Group Member of any Five-Year Vessels or any Non-Five-Year Vessels owned or acquired by any Partnership Group Member. With respect to any such proposed Transfer, the Partnership Group need not offer any particular Five-Year Vessel or Non-Five-Year Vessel to Höegh if Höegh has previously advised the MLP that it does not wish to acquire such vessel.

Appears in 1 contract

Samples: Omnibus Agreement (Hoegh LNG Partners LP)

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