Prior Right definition

Prior Right means any of the following—
Sample 1Sample 2Sample 3
Prior Right means trademarks valid and registered in Estonia; names of individuals; names of entities registered in Estonia; names of the state, local authorities and their agencies; names of international and inter-governmental organisations;
Sample 1Sample 2
Prior Right has the meaning given that term in Section 5.4.
Sample 1Sample 2

Examples of Prior Right in a sentence

  • Landlord thereafter shall notify Tenant of the exercise or non-exercise of such Prior Right.

  • Notwithstanding anything in this Lease to the contrary, the ROFR with respect to the Secondary Expansion Space shall be subject to the Prior Right.

  • However, if such Additional Space is subject to a Prior Right, Tenant may exercise its option by giving the Exercise Notice within ten (10) days from the date of its receipt of notice from Landlord of the non-exercise of such Prior Right, with TIME OF ESSENCE.

  • Concurrently with giving the Availability Notice to Tenant, Landlord shall give to the existing tenant notice to exercise its Prior Right.

  • Upon the non-exercise of such Prior Right, Tenant's exercise of its Renewal Option shall remain in full force and effect and the following sections of this Article 41 shall be applicable.

  • The Purchaser acknowledges and agrees that the Morgantown Facility is subject to a right of first refusal (the "PRIOR RIGHT OF FIRST REFUSAL") set forth in Section 18.02 of that certain ground lease dated September 30, 1985 between PIWV and Facilities Management Corporation in favor of the party identified in the said ground lease (the "RFR PARTY") and that the Right of First Refusal is subject to the Prior Right of First Refusal and the other provisions of said ground lease.

  • The waiver and amendment of the Major Holders' Prior Right as provided herein shall apply only to the issuance of Series D Preferred as contemplated hereby and the underlying Common Stock, and the Major Holders' rights with respect to future equity issuances by the Company shall be as set forth below.

  • The following provisions are hereby deleted in their entireties and are of no further force and effect: Paragraphs 39 (First Right of Refusal) and 40 (Renewal Option) of the Original Lease; Paragraphs 4 (Tenant Improvements), 5 (Prior Right of Refusal) and 6 (Renewal Option) of the Second Amendment; and Paragraphs 5 (Tenant Improvements), 9 (Warranty), 11 (Prior Right of Refusal) and 12 (Renewal Option) of the Third Amendment.

  • If such Additional Space is subject to the prior right of the existing tenant thereof to renew the term thereof or of another existing tenant to lease the same (collectively, the "Prior Right"), Landlord shall include in its Availability Notice the existence of such Prior Right and the date by which the same must be exercised by the existing tenant having such Prior Right.

  • No Prior Right of Award Nothing in this Plan shall be deemed to give any employee of the Company or such persons's legal representatives or assigns, or any other person or entity claiming under or through such person, any contract or other right to participate in the benefits of this Plan.


More Definitions of Prior Right

Prior Right in this instance means an exclusive right to the facility. For example, where the Applicant is not the householder and is sharing another person’s accommodation i.e. does not have a prior right to the facilities, and then he / she will be eligible for sharing points. Similarly, where an Applicant has a prior right to, but has agreed to share his / her facilities with another person, then sharing points will not be awarded.
Sample 1
Prior Right means a vested right, an appropriation right with earlier priority, or a permit with earlier priority than that of a subsequent appropriation right or permit.
Sample 1
Prior Right or Prior Rights" shall mean (a) the option to expand into the Third Opportunity Space which has been previously granted to AG Associated, Inc. ("AG") and/or (b) the right of the first refusal covering the Third Opportunity Space which has been previously granted to Novellus Systems, Inc.
Sample 1

Related to Prior Right

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Renewal Option has the meaning set forth in §12.1.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • First Refusal Right means the right granted to the Corporation in accordance with Article E.

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Option means a stock option granted pursuant to the Plan.

  • Right of First Refusal Agreement means the Right of First Refusal Agreement, dated as of August 4, 2017, among the Partnership, the Operating Partnership and NextEra Energy Resources, LLC.

  • Default Right has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Repurchase Option has the meaning set forth in Section 1.3(a) hereto.

  • Acceleration Right means the Participant’s right, in certain circumstances, to exercise its outstanding Option as to all or any of the Common Shares in respect of which such Option has not previously been exercised and which the Participant is entitled to exercise, including in respect of Common Shares not otherwise vested at such time;

  • Second Extension Period means a period of twelve (12) consecutive months following the First Extended Maturity Date.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Conditional release means a revocable modification of a

  • Expiring Rights means any rights, options or warrants (other than rights issued or otherwise distributed pursuant to a shareholder rights plan, so long as such rights have not separated from the Ordinary Shares or the ADSs, as applicable) to acquire Capital Shares of the Company or other securities (including depositary receipts representing Capital Shares of the Company), which rights, options or warrants expire on or before the Maturity Date (or, if such date is not a Business Day, the next Business Day).

  • Option to Extend has the meaning given that term in Section 2.13.

  • Right of Repurchase means the Company’s right of repurchase described in Section 7.

  • Transferable development right means a right to develop and use land that

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Secondary Refusal Right means the right, but not an obligation, of each Investor to purchase up to its pro rata portion (based upon the total number of shares of Capital Stock then held by all Investors) of any Transfer Stock not purchased pursuant to the Right of First Refusal, on the terms and conditions specified in the Proposed Transfer Notice.

  • First Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Option 2 [_] An amount equal to the sum of ________% of the portion of such Contributing Participant's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) which does not exceed ________% of the Contributing Participant's Compensation plus ________% of the portion of such Contributing Participant's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) which exceeds ________% of the Contributing Participant's Compensation.