Right of First Refusal definition

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 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 Transfer, on the terms and conditions specified in the Proposed Transfer Notice.

Examples of Right of First Refusal in a sentence

• If the Shares described in the Notice are not transferred to the Proposed Transferee within such period, a new Notice shall be given to the Company, and the Company and/or its assignees shall again be offered the Right of First Refusal before any Shares held by the Holder may be sold or otherwise transferred.

• The Right of First Refusal also shall not apply to the issuance of securities upon exercise or conversion of the Company’s options, warrants or other convertible securities outstanding as of the date hereof or to the grant of additional options or warrants, or the issuance of additional securities, under any Company stock option or restricted stock plan approved by the shareholders of the Company.

• If the Representative fails to exercise its Right of First Refusal with respect to any Subject Transaction within ten (10) Business Days after the mailing of such written notice, then the Representative shall have no further claim or right with respect to the Subject Transaction.

• The Board of Directors may freely assign the Company’s Right of First Refusal, in whole or in part.

• Any proposed transfer on terms and conditions different from those described in the Transfer Notice, as well as any subsequent proposed transfer by the Optionee, shall again be subject to the Right of First Refusal and shall require compliance with the procedure described in Subsection (a) above.

More Definitions of Right of First Refusal

Right of First Refusal shall have the meaning set forth in Section 6.5.2.

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 3.3.

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).