Rights of First Offer definition

Rights of First Offer shall have the meaning as ascribed to it in Clause 12.4.6.
Rights of First Offer defined by Designations and Investors Rights attached hereto as Exhibit B. The company shall first make an offering of such securities to Major Investors first. All of the outstanding shares of Common Stock have been duly authorized, fully paid and are non assessable and issued in compliance with all applicable federal and state securities laws.
Rights of First Offer of the Second Amended and Restated Reclassification and Sale of Shares Agreement, which is incorporated herein by reference, as such section may be amended from time to time or any successor provisions thereto.”

Examples of Rights of First Offer in a sentence

  • The Rights of First Offer granted pursuant to this Section 8 shall terminate upon the closing of an IPO.

  • Rights of First Offer Under the Acquisition Omnibus Agreement, we and our subsidiaries will grant to Navios Holdings and Navios Partners, as the case may be, a right of first offer on any proposed sale, transfer or other disposition of any of our Drybulk Carriers and related charters owned or acquired by us.

  • Speednet, LLC, 508 F.3d 1137 (8th Cir., 2007) 2018 update:Options, Rights of First Refusal and Rights of First Offer were covered by Thomas Hauschild and John Wheaton at the 2017 Real Estate Institute, materials available from Minnesota CLE.

  • On or before the Closing Date, the termination or elimination of any and all option to purchase rights, Rights of First Refusal, or Rights of First Offer related to the Property to the satisfaction of the EDA.

  • Rights of First Offer on Drilling RigsUnder the Omnibus Agreement, the Company and its subsidiaries granted to Seadrill a right of first offer on any proposed sale, transfer or other disposition of any Five-Year Drilling Rigs or Non-Five-Year Drilling Rigs owned by us.

  • Rights of First Offer We and our subsidiaries grant to Navios Acquisition a right of first offer on any proposed sale, transfer or other disposition of any of our VLCCs or any crude oil tankers, refined petroleum product tankers, LPG tankers or chemical tankers that we may acquire in the future and related charters or any Non-Restricted Vessels and related charters owned or acquired by us.

  • Grant to the District Rights of First Offer and Rights of First Refusal on two properties, totaling 265 acres, in which the District has a long-term protection interest.

  • Even where the public sector is a majority shareholder, unclear governance and dispute resolution arrangements may lead to exceptional privileges being granted to the minority shareholder.

  • The Rights of First Offer and the Participation Right provided for in this Article 3 shall terminate and be of no further force and effect following an Initial Public Offering.

  • Transfers of Spinco Capital Stock Subject to Rights of First Offer, Etc......................


More Definitions of Rights of First Offer

Rights of First Offer has the meaning set forth in Section 6.3(c).

Related to Rights of First Offer

  • Right of First Offer shall have the meaning set forth in Section 13.1 hereof.

  • Right of First Refusal means the Company’s right of first refusal described in Section 8.

  • Right of First Refusal Agreement means the Second Amended and Restated Right of First Refusal and Co-Sale Agreement of even date herewith by and among the Company, the Investors and certain other parties named therein.

  • Right of First Refusal and Co-Sale Agreement means the agreement among the Company, the Purchasers, and certain other stockholders of the Company, dated as of the date of the Initial Closing, in the form of Exhibit G attached to this Agreement.

  • First Offer has the meaning set forth in Section 3.9(e)(1) or Section 11.1(b)(i), as applicable.

  • Existing Transfer Restrictions means Transfer Restrictions existing with respect to any securities by virtue of the fact that Counterparty may be an “affiliate” of the Issuer (as such term is defined in Rule 144 under the Securities Act).

  • Transfer Restrictions means restrictions that prohibit the sale, exchange, transfer, assignment, pledge, hypothecation, fractionalization, hedge or other disposal (including through the use of any cash-settled instrument), whether voluntarily or involuntarily by the Grantee, of an Award or any shares of Common Stock, cash or other property delivered in respect of an Award.

  • Transfer Restriction means, with respect to any security or other property, any condition to or restriction on the ability of the holder thereof to sell, assign or otherwise transfer such security or other property or to enforce the provisions thereof or of any document related thereto, whether set forth in such security or other property itself or in any document related thereto or arising by operation of law, including, without limitation, such conditions or restrictions arising under federal, state or foreign laws or under any contracts, arrangements or agreements.

  • Transfer Restriction Event shall have the meaning specified in Section 2.11.

  • Non-transferability means the occurrence of any event that makes it impossible for the Issuer to deliver Renminbi between accounts inside Hong Kong or from an account inside Hong Kong to an account outside Hong Kong, other than where such impossibility is due solely to the failure of the Issuer to comply with any law, rule or regulation enacted by any Governmental Authority (unless such law, rule or regulation is enacted after the Issue Date and it is impossible for the Issuer, due to an event beyond its control, to comply with such law, rule or regulation).

  • Original Holder shall have the meaning given in the Recitals.

  • RMB Non-Transferability means the occurrence of any event that makes it impossible for the Issuer to deliver RMB between accounts inside Hong Kong or from an account inside Hong Kong to an account outside Hong Kong (including where the RMB clearing and settlement system for participating banks in Hong Kong is disrupted or suspended), other than where such impossibility is due solely to the failure of the Issuer to comply with any law, rule or regulation enacted by any Governmental Authority (unless such law, rule or regulation is enacted after the Issue Date of the first Tranche of the relevant Series and it is impossible for the Issuer due to an event beyond its control, to comply with such law, rule or regulation);

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

  • Registration Rights means the rights of the Holders to cause the Company to Register Registrable Securities pursuant to this Agreement.

  • Repurchase Offer has the meaning set forth in Section 3.04.

  • Preemptive Rights has the meaning set forth in Section 14.1.

  • Whole Loan Transfer Any sale or transfer of some or all of the Mortgage Loans, other than a Securitization Transaction.

  • Right of Co-Sale means the right, but not an obligation, of an Investor to participate in a Proposed Key Holder Transfer on the terms and conditions specified in the Proposed Transfer Notice.

  • First Offer Period has the meaning set forth in Section 13.5.

  • Transfer Restricted Securities means Securities that bear or are required to bear the legend relating to restrictions on transfer relating to the Securities Act set forth in Section 2.3(e) hereto.

  • Call Rights As defined in Section 9.01(f).

  • Repurchase Right means the right granted to the Corporation in accordance with Article D.

  • Transfer Restricted Note means any Note that bears or is required to bear the Restricted Notes Legend.

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

  • Rights Offering Procedures means the procedures with respect to the Rights Offerings that are approved by the Bankruptcy Court pursuant to the Disclosure Statement Order, which procedures shall be in form and substance substantially as set forth on Exhibit A hereto, as may be modified in a manner that is reasonably acceptable to the Requisite Commitment Parties and the Company.

  • Purchase Offer shall have the meaning assigned to such term in Section 2.25(a).