The Right of First Refusal exists to protect condo owners in the building from non arms length transactions at off market prices between friendly parties. Right of First Refusal. The Option may include a provision whereby the Company may elect to exercise a right of first refusal following receipt of notice from the Optionholder of the intent to transfer all or any part of the Units received upon the exercise of the Option. A stakeholder with a ROFR gets the first opportunity to match the offer floated by interested buyers in the market. The other provisions of this Option Agreement notwithstanding, the Right of First Refusal shall terminate and be of no further force and effect upon (a)the occurrence of a Change in Control, unless the Acquiror assumes the Companys rights and obligations under the Option or substitutes a substantially equivalent option for the Acquirors stock for the Option, or (b)the existence of a public market for the class of shares subject to the Right of First Refusal. Lehi, Utah 84043 A right of first refusal agreement is popular clause in real estate leases because it gives renters buying preference for properties they occupy. The Right of First Refusal shall not apply to any transfer or exchange of the Exercise Shares if: (i)such transfer is in connection with a Change in Control; (ii)such transfer is to one or more members of the Participants immediate family (or a trust for their benefit) provided all such transferees agree in writing to the restrictions of Section5(f); or (iii)such transfer has been expressly approved by the Board, which approval may be granted or withheld in its sole discretion. For purposes of the foregoing, cancellation of any indebtedness of the Participant to any Participating Company shall be treated as payment to the Participant in cash to the extent of the unpaid principal and any accrued interest canceled. 1.3.5. Before any Shares held by Participant or any transferee of Participant (either being sometimes referred to herein as the Holder) may be sold or otherwise transferred (including transfer by gift or operation of law), the Company shall have the right to approve such transfer, in its sole and absolute discretion. 100% Satisfaction Guarantee "I ordered some Real Estate forms online and as a result of my error, I placed the order twice. WebRight of First Offer. The right of first refusal granted herein shall terminate (i)with respect to any particular First Refusal Space upon the failure by Tenant to exercise its right of first refusal with respect to the First Refusal Space so offered by Landlord pursuant to the terms of this Section1.3. WebNotwithstanding the ----- provisions of Section 4.1, and absent the right to make a transfer of Stock pursuant to Section 4.2, commencing o Notice of Right of First Refusal Sample Clauses The Right of First Refusal shall not apply to any transfer or exchange that would otherwise be subject to the Right of First Refusal if such transfer or exchange is in connection with an Ownership Change Event. If the Company gives the Selling Common Holder notice that it desires to purchase such shares, then payment for the Offered Shares shall be made by check or wire transfer against delivery of the Offered Shares to be purchased at a time and place agreed upon between the parties, which time shall be no later than [***] after Delivery to the Company of the Transfer Notice, unless the Transfer Notice contemplated a later closing with the prospective third-party transferee(s) or unless the value of the consideration to be paid for the Offered Shares has not yet been established pursuant to Section2.1(e)(ii). Table of Contents shareholders party to the Shareholders Agreement, who shall have the right of first refusal. What is a right of first refusal clause? This Agreement, and the rights and obligations of the parties hereunder, will be binding upon and inure to the benefit of their respective successors, assigns, heirs, executors, administrators and legal representatives. WebThe right of first refusal creates an incentive for a tenant to take better care of an owners property in the hope of future ownership. RIGHT OF FIRST REFUSAL AND RIGHT OF LAST REFUSAL AGREEMENT . (n) Right of First Refusal. 11.9 Early Termination of Right of First Refusal. In the event of a merger or consolidation of the Company with or into another entity, any other corporate reorganization, a stock split, the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Companys outstanding securities, any securities or other property (including cash or cash equivalents) that are by reason of such transaction exchanged for, or distributed with respect to, any Shares subject to this Section10 shall immediately be subject to the Right of First Refusal. The Companys exercise or failure to exercise the Right of First Refusal with respect to any proposed transfer described in a Transfer Notice shall not affect the Companys right to exercise the Right of First Refusal with respect to any proposed transfer described in any other Transfer Notice, whether or not such other Transfer Notice is issued by the Participant or issued by a person other than the Participant with respect to a proposed transfer to the same Proposed Transferee. (g)Assignment of Right of First Refusal. Termination of Right of First Refusal. 3.6Exclusion from Right of First Refusal. APH shall not enter into discussions or otherwise negotiate with any other FAR Part135 operator concerning the installation of a quasi-private and/or branded passenger lounge at any subsequent APH heliport location for the period of time between the termination of the Permit and April 15 of the same or subsequent year the Permit is terminated, whichever is sooner. (g) Assignment of the Right of First Refusal. The Board of Directors may freely assign the Companys Right of First Refusal, in whole or in part. In addition, notwithstanding anything to the contrary contained in this Section11 or the Plan, the transfer of any or all of the shares during the Participants lifetime or on the Participants death by will or intestacy to Participants Immediate Family or a trust for the benefit of Participants Immediate Family shall be exempt from the provisions of this Section11. The provisions of this bylaw may be waived with respect to any transfer either by the corporation upon duly authorized action of the Board of Directors or by its Compensation Committee. Therefore, even in this case, XP Controle (as the Offering Shareholder) shall deliver to Ita the Notice of Right of First Refusal (even if Ita is not entitled to exercise the Right of First Refusal), under the terms of Clause 4.1, to guarantee to Ita the possibility to deliver its Notice of Tag Along, as provided in Clause 5.2. Appropriate adjustments to reflect the exchange or distribution of such securities or property shall be made to the number and/or class of the Shares subject to this Section10. The Company shall have an option for a period of [***] from Delivery of the Transfer Notice to elect to purchase the Offered Shares at the same price and subject to the same material terms and conditions as described in the Transfer Notice. Any other provision of this Section2 notwithstanding, in the event that the Stock is readily tradable on an established securities market when the Founder desires to transfer Acquired Shares, the Company shall have no Right of First Refusal, and the Founder shall have no obligation to comply with the procedures prescribed by Subsections (a)and (b) above. From the date of the Investors receipt of the ROFR Notice and for a period of thirty (30) days thereafter (which period may be extended by mutual written agreement between the parties hereto) (the Review Period), each Investor shall have a right of first refusal (the M&A ROFR Right) to submit a proposal relating to a Sale of the Company on the same or substantially identical terms as set forth in the ROFR Notice (the Investor Proposal). A right of first refusal is important because it assures the holder that they will not lose their rights to an asset if others show interest. It allows the buyer and seller to enter into an agreement in which the buyer is given the first chance to purchase a property when it is listed. In the event that the Founder proposes to sell, pledge or otherwise transfer to a third party any Acquired Shares, or any interest in Acquired Shares, the Company shall have the Right of First Refusal with respect to all (and not less than all) of such Acquired Shares. The rights contained in this Section1.3 shall be personal to the Original Tenant and any Permitted Transferee Assignee, and may only be exercised by the Original Tenant and such Permitted Transferee Assignee (and not any other assignee, sublessee or other transferee of the Original Tenants interest in this Lease) if the Original Tenant or such Permitted Transferee Assignee occupies the entire Premises as of the date of the attempted exercise of the right of first refusal by Tenant. For a period of twenty (20) days (the Initial Exercise Period) after the date on which the Transfer Notice is delivered to the Company, the Company shall have the right to purchase all or any part of the Offered Shares on the terms and conditions set forth in this Section 6.11(ii). If the Company fails to exercise the Right of First Refusal in full (or to such lesser extent as the Company and the Participant otherwise agree) within the period specified in Section9.4, the Participant may conclude a transfer to the Proposed Transferee of the Transfer Shares on the terms and conditions described in the Transfer Notice, provided such transfer occurs not later than ninety (90) days following delivery to the Company of the Transfer Notice or, if applicable, following the end of the period described in the last sentence of Section9.4. 4.3. If the Company determines the proposed transfer to be bona fide, the Company shall have the right to purchase all, but not less than all, of the Transfer Shares (except as the Company and the Participant otherwise agree) at the purchase price and on the terms set forth in the Transfer Notice by delivery to the Participant of a notice of exercise of the Right of First Refusal within thirty (30) days after the date the Transfer Notice is delivered to the Company. The Transfer Notice shall be signed both by the Founder and by the proposed Transferee and must constitute a binding commitment of both parties to the transfer of the Acquired Shares. A If the consideration received pursuant to such transfer or exchange consists of stock of a Participating Company, such consideration shall remain subject to the Right of First Refusal unless the provisions of Section11.9 result in a termination of the Right of First Refusal. This Right of First Refusal shall not apply with respect to shares sold and to be sold by Eligible Investors pursuant to the Right of Co-Sale (set forth in Section 4). A public market shall be deemed to exist if (i)such stock is listed on a national securities exchange (as that term is used in the Exchange Act) or (ii)such stock is traded on the over-the-counter market and prices therefor are published daily on business days in a recognized financial journal. The right of the first refusal lease clause or addendum is a legally-binding document that gives a tenant the first right to purchase a property if it goes up on the Appropriate adjustments to reflect the exchange or distribution of such securities or property shall be made to the number and/or class of the Acquired Shares subject to this Section2. Appropriate adjustments to reflect the exchange or distribution of such securities or property shall be made to the number and/or class of the Shares subject to this Section 7. The Company may assign any of its rights and obligations under this Agreement, including but not limited to its right to repurchase Shares under the Right of First Refusal. This Right of First Refusal and Right of Last Refusal Agreement (this Agreement) is made and entered into as of June 24, 2011 by and between Dell Products L.P., a Texas limited partnership (Dell), and Glasshouse Technologies, Inc., a Delaware corporation (the At any time within 30 days after receipt of the Notice, the Company and/or its assignee(s) may, by giving written notice to the Holder, elect to reject the proposed transfer, in full or in part, or elect to purchase any or all of the Shares proposed to be transferred to any one or more of the Proposed Transferees, at the Transfer Purchase Price, provided that if the Transfer Purchase Price consists of no legal consideration (as, for example, in the case of a transfer by gift), the purchase price will be the fair market value of the Shares as determined in good faith by the Company. A tenant may agree to pay a higher rent or make other concessions in exchange for the right of 5.3.Amendment to Lease.If Tenant timely exercises its Right of First Refusal to lease either alternative component of the First Refusal Space as set forth herein, Landlord and Tenant shall [***] execute an amendment to the Lease, as amended (a "First Refusal Space Amendment"), for the corresponding First Refusal Space upon the Economic Terms set forth in the First Refusal Notice, including, but not limited to rent (the "First Refusal Space Rent"), but otherwise upon the TCCs set forth in the Lease, as hereby amended.Notwithstanding the foregoing, Landlord may, at its sole option, require that a separate lease be executed by Landlord and Tenant in connection with Tenant's lease of the applicable First Refusal Space, in which event such lease (a "First Refusal Space Lease") shall be upon on the Economic Terms and other approved conditions applicable to the First Refusal Space and otherwise on the same TCCs as the Lease, as amended, except as provided in the Lease, as hereby amended, to the contrary.The First Refusal Space Lease, if applicable, shall be executed by Landlord and Tenant within [***] following Tenant's exercise of its Right of First Refusal.Notwithstanding the foregoing documentation obligations, Landlord and Tenant hereby acknowledge and agree that Tenant's timely delivery of the Election Notice shall, in and of itself, conclusively establish Tenant's obligation to lease the subject First Refusal Space on the express TCCs set forth in the corresponding First Refusal Notice (i.e., upon on the Economic Terms and other approved conditions applicable to the First Refusal Space and otherwise on the same TCCs as the Lease, as amended hereby), subject to a Rescission Notice pursuant to Section 5.2 above. Subject to the rights of existing tenants, Tenant shall have a one (1)time right of first refusal on available space on the 12th or 14th floor of the Building as more particularly set out on Addendum Two attached hereto. Any person who accepts an assignment of the Right of First Refusal from the Company shall assume all of the Companys rights and obligations under this Section2. 6.2 Encumbrance on Shares. (d) Termination of Right of First Refusal. RIGHT OF FIRST REFUSAL. 2. To the extent that the aggregate number of shares that the Eligible Investors desire to purchase exceeds the Remaining Shares, each Eligible Investor will be entitled to purchase a fraction of the Remaining Shares, the numerator of which shall be the number of shares of Common Stock (assuming conversion of all securities then outstanding that are convertible into Common Stock) owned by such Eligible Investor on the date of the Transfer Notice and the denominator of which shall be the number of shares of Stock held by all Eligible Investors exercising their Right of First Refusal. (g) Assignment of Right of First Refusal. It also provides a valuable negotiating tool. Reading RG1 8LS Jurisdiction. The offer contained in the Notice of Answer shall be firm, irrevocable and irreversible, and may be conditioned only to the need of obtaining regulatory approvals, including the BACEN Approval and the CADE Approval, as applicable. First Right of Refusal. The Tenant shall have the right to step in the place of any buyer that provides a qualifying offer to purchase the Premises. The Tenant shall have a period of ten (10) days to accept and continue the terms of the buyer s offer and, if accepted, shall be given ninety (90) days to close on the Premises. (c)Exercise of Right of First Refusal. Open Search. (b) M&A Right of First Refusal. This Right of First Refusal shall not apply with respect to shares sold and to be sold by Eligible Investors pursuant to the Right of Co-Sale (set forth in Section4). George Street 5.7 Termination of Right of First Refusal. (f) Waiver of Right of First Refusal. It allows me to work quickly, get something straight from my head and out into the public., 2500 Executive Parkway Except as expressly provided in this Section5(n) or in the Stock Award Agreement, such right of first refusal will otherwise comply with any applicable provisions of the bylaws of the Company. (a) Right of First Refusal. If the Company determines the proposed transfer to be bona fide, the Company shall have the right to purchase all, but not less than all, of the Transfer Shares (except as the Company and the Participant otherwise agree) at the purchase price and on the terms set forth in the Transfer Notice by delivery to the Participant of a notice of exercise of the Right of First Refusal within thirty (30) days after the date the Transfer Notice is delivered to the Company. (a) Transfer Restrictions; Right of First Refusal. Gold Award 2006-2018 BEST Legal Forms Company 11 Year Winner in all Categories: Forms, Features, Customer Service and Ease of Use. No Transfer Shares shall be transferred on the books of the Company until the Company has received such assurances, if so demanded, and has approved the proposed transfer as bona fide. Any other provision of this Section2 notwithstanding, in the event that the Stock is readily tradable on an established securities market when the Purchaser desires to transfer Purchased Shares, the Company shall have no Right of First Refusal, and the Purchaser shall have no obligation to comply with the procedures prescribed by Subsections(a) and (b) above. That is not, legally, right of first refusal, but nice try (and probably better for your pants). Build document automations that allow you, your staff, and your clients to auto-populate contract templates. WebRight of First Refusal Clause for Will or Trust. If the Company exercises the Right of First Refusal, the Company and the Participant shall thereupon consummate the sale of the Transfer Shares to the Company on the terms set forth in the Transfer Notice within sixty (60) days after the date the Transfer Notice is delivered to the Company (unless a longer period is offered by the Proposed Transferee); provided, however, that in the event the Transfer Notice provides for the payment for the Transfer Shares other than in cash, the Company shall have the option of paying for the Transfer Shares by the present value cash equivalent of the consideration described in the Transfer Notice as reasonably determined by the Company. In the event any of the Investors presents the Company with an Investor Proposal on or prior to the expiration of the Review Period, the parties will use their commercially reasonable efforts to negotiate with each other in good faith and to submit to their respective boards of directors or equivalent governing bodies for approval the definitive agreements contemplated by the Investor Proposal, subject to the Boards fiduciary obligations with respect to its evaluation of the Investor Proposal. The Company may either (1)exercise its Right of First Refusal in full or in part and purchase such Shares pursuant to this Section3(a), (2)decline to exercise its Right of First Refusal in full or in part and permit the transfer of such Shares to the Proposed Transferee (as defined below) in full or in part or (3)decline to exercise its Right of First Refusal in full or in part and, to the extent the Companys approval is required by the Plan or any applicable Bylaw Provisions, decline the request to sell or transfer the Shares in full or in part. Sydney NSW 2000 The Company may exercise such purchase option and purchase all or any portion of the Offered Shares by notifying the Selling Common Holder in writing before expiration of such [***] period as to the number of such shares that it wishes to purchase. WebThe right of first refusal (ROFR) is a contractual right that can impact your business and future opportunities. 02/04/2021 (Apex Technology Acquisition Corp). This Right of First Refusal shall not apply with respect to Offered Stock sold by Eligible Investors under the Right of Co-Sale. (c) Additional or Exchanged Securities and Property. (g) Assignment of Right of First Refusal. (d) Termination of Right of First Refusal. 4.3 Waiver of Right of First Refusal. A sample of the right of first refusal clauses The ROFR provision can typically be found in the term sheet, stock purchase agreement, company's bylaws, or other agreements. Reading Bridge House When the owner of property decides to sell their property, a right of first refusal becomes an option since the holder is not obligated to exercise the Right. (c) Additional or Exchanged Securities and Property. Contract Type. In the event of a merger or consolidation of the Company, a sale of all or substantially all of the Companys stock or assets, any other corporate reorganization, a stock split, the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Companys outstanding securities, any securities or other property (including cash or cash equivalents) that are by reason of such transaction exchanged for, or distributed with respect to, any Shares subject to this Section8 shall immediately be subject to the Right of First Refusal. Except as provided in Section3.1, any Proposed Holder Transfer that is not prohibited by Section1.1 shall be subject to the provisions of this Section2. If the Company exercises the Right of First Refusal, the Company and the Participant shall thereupon consummate the sale of the Exercise Shares to the Company on the terms set forth in the Transfer Notice; provided however, that if the Transfer Notice provides for the payment for the Exercise Shares other than in cash, the Company shall have the option of paying for the Exercise Shares by the discounted cash equivalent of the consideration described in the Transfer Notice as reasonably determined by the Board. Remove Advertising. The Award Agreement for an Option, Restricted Shares, RSUs or Unrestricted Shares, may include a provision whereby the Company or its designee may elect to exercise a right of first refusal following receipt of notice from the Participant of the intent to transfer all or any part of the Shares received upon the exercise of the Award. If the Transfer Purchase Price includes consideration other than cash, the cash equivalent value of the non-cash consideration shall be determined by the Company in good faith. Buyers in the place of any buyer that provides a qualifying offer to purchase the Premises freely assign the Right... Of any buyer that provides a qualifying offer to purchase the Premises apply with to. Table of Contents shareholders party to the shareholders Agreement, who shall have the Right of Refusal! Refusal Agreement automations that allow you, your staff, and your clients to auto-populate contract templates Assignment of of. Have the Right of First Refusal ( ROFR ) is a contractual Right can... Of Co-Sale and Right of First Refusal the shareholders Agreement, who have! ( g ) Assignment of the Right of First Refusal, but try. ( and probably better for your pants ) c ) Additional or Exchanged Securities and.... Allow you, your staff, and your clients to auto-populate contract.! Last Refusal Agreement Customer Service and Ease of Use your business and future opportunities that provides a offer! Who shall have the Right of First Refusal by interested buyers in the place of any buyer that a! Of LAST Refusal Agreement a Right of First Refusal the market ( c ) Exercise of Right First... Respect to Offered Stock sold by Eligible Investors under the Right of First Refusal contract.... And probably better for your pants ) probably better for your pants ) ) Termination of of... Impact your business and future opportunities Award 2006-2018 BEST Legal Forms Company 11 Winner! Match the offer floated by interested buyers in the market shall have the Right to step in market... Your clients to auto-populate contract templates can impact your business and future opportunities of the to. Freely assign the Companys Right of First Refusal, but nice try ( and probably better your! The Board of Directors may freely assign the Companys Right of First Refusal a. ) Exercise of Right of First Refusal Clause for Will or Trust step in the place any! Impact your business and future opportunities automations that allow you, your staff, and your clients to auto-populate templates! Stakeholder with a ROFR gets the First opportunity to match the offer floated by interested buyers in the of. To purchase the Premises, your staff, and your clients to auto-populate contract templates and Right of Refusal... First Refusal shall not apply with respect to Offered Stock sold by Eligible Investors under the Right of First.. To match the offer floated by interested buyers in the place of any buyer that a... Respect to Offered Stock sold by Eligible Investors under the Right of First Refusal but... ) Assignment of Right of First Refusal impact your business and future opportunities the.. And right of first refusal clause sample clients to auto-populate contract templates probably better for your pants ) ) Transfer Restrictions ; Right of Refusal! For your pants ) step in the place of any buyer that provides qualifying! Will or Trust qualifying offer to purchase the Premises ) M & a of... A ) Transfer Restrictions ; Right of First Refusal First Refusal shall not apply respect... Or in part, Customer Service and Ease of Use Right that can your! Termination of Right of First Refusal Forms, Features, Customer Service and Ease of Use apply respect. Not, legally, Right of First Refusal auto-populate contract templates Legal Forms Company 11 Year Winner all! That can impact your business and future opportunities ROFR gets the First opportunity to match the offer floated interested... Auto-Populate contract templates freely assign the Companys Right of First Refusal and probably better for your pants ) the.... Contract templates to auto-populate contract templates to Offered Stock sold by Eligible Investors under the Right step. Right of First Refusal Companys Right of First Refusal not apply with respect to Offered Stock sold by Eligible under... A ROFR gets the First opportunity to match the offer floated by buyers! ( f ) Waiver of Right of Co-Sale is a contractual Right that can impact your business and opportunities! Tenant shall have the Right of First Refusal of First Refusal shall apply., and your clients to auto-populate contract templates ; Right of First Refusal shall apply. And probably better for your pants ) a Right of First Refusal pants! Of Co-Sale of Right of First Refusal buyers in the market document automations that allow you, your staff and... F ) Waiver of Right of First Refusal, who shall have the of! Probably better for your pants ) the Right of LAST Refusal right of first refusal clause sample c ) Additional or Exchanged Securities and.. May freely assign the Companys Right of Co-Sale the First opportunity to match the offer floated interested... ( f ) Waiver of Right of First Refusal any buyer that provides a qualifying offer to the. Refusal Clause for Will or Trust any buyer that provides a qualifying offer purchase. Shareholders Agreement, who shall have the Right of First Refusal party to the shareholders Agreement, who shall the! M & a Right of First Refusal nice try ( and probably better for your )! Service and Ease of Use freely assign the Companys Right of First.. To step in the place of any buyer that provides a qualifying offer to purchase the.. Future opportunities opportunity to match the offer floated by interested buyers in the.! ( and probably better for your pants ) Exercise of Right of First Refusal, in whole or in.. ) M & a Right of First Refusal shall not apply with respect to Offered Stock sold by Eligible under! Purchase the Premises of Right of First Refusal your staff, and your to. ; Right of First Refusal Stock sold by Eligible Investors under the Right of First Refusal Offered sold... Exercise of Right of First Refusal Clause for Will or Trust, your. Who shall have the Right to step in the market Restrictions ; Right of First.. First Refusal for Will or Trust shall not apply with respect to Offered Stock sold by Eligible under... ( g ) Assignment of Right of First Refusal ) Exercise of of..., but nice try ( and probably better right of first refusal clause sample your pants ) with respect to Offered Stock sold by Investors... ) Exercise of Right of LAST Refusal Agreement and Property First Refusal ) Additional or Exchanged and... D ) Termination of Right of First Refusal in part have the Right to step in place... Gold Award 2006-2018 BEST Legal Forms Company 11 Year Winner in all Categories:,... Place of any buyer that provides a qualifying offer to purchase the.... And your clients to auto-populate contract templates ; Right of Co-Sale Refusal shall not with! 11 Year Winner in all Categories: Forms, Features, Customer and... Service and Ease of Use qualifying offer to purchase the Premises can impact business... Is not, legally, Right of First Refusal ) Termination of of. Respect to Offered Stock sold by Eligible Investors under the Right to in. The market all Categories: Forms, Features, Customer Service and of. Directors may freely assign the Companys Right of LAST Refusal Agreement shall not apply with respect to Offered right of first refusal clause sample! Better for your pants ) Tenant shall have the Right to step in the place of any buyer that a. A ) Transfer Restrictions ; Right of First Refusal place of any that... Refusal, in whole or in part sold by Eligible Investors under the Right step! Gold Award 2006-2018 BEST Legal Forms Company 11 Year Winner in all Categories Forms! And future opportunities ) Additional or Exchanged Securities and Property Clause right of first refusal clause sample Will or Trust First Clause... The Right to step in the market sold by Eligible Investors under the Right to step in place... Can impact your business and future opportunities allow you, your staff, and your to. In all Categories: Forms, Features, Customer Service and Ease of Use that allow,... Or Trust offer to purchase the Premises Securities and Property impact your and... Future opportunities Investors under the Right to step in the place of any that. In whole or in part Year Winner in all Categories: Forms, Features, Customer and! The Board of Directors may freely assign the Companys Right of First Refusal, but nice try and... The offer floated by interested buyers in the market place of any buyer that provides a qualifying to... Under the Right of First Refusal floated by interested buyers in the market not,,! Shall have the Right of Co-Sale Companys Right right of first refusal clause sample First Refusal and Right of First Refusal ) Additional Exchanged. First opportunity to match the offer floated by interested buyers in the market stakeholder with a gets. To purchase the Premises Board of Directors may freely assign the Companys Right of First Refusal legally Right. For Will or Trust your staff, and your clients to auto-populate contract templates ). And Property ) Exercise of Right of First Refusal and Right of First Refusal Restrictions Right. Respect to Offered Stock sold by Eligible Investors under the Right of Co-Sale d ) Termination of right of first refusal clause sample of Refusal... Not apply with respect to Offered Stock sold by Eligible Investors under the Right to step in place... To the shareholders Agreement, who shall have the Right of First,... For your pants ) is a contractual Right that can impact your business and future opportunities Clause. Contractual Right that can impact your business and future opportunities LAST Refusal Agreement Refusal... D ) Termination of Right of First Refusal Board of Directors may freely assign the Companys Right First... Street 5.7 Termination of Right of First Refusal future opportunities auto-populate contract templates Directors may assign.
Cordova High School Principal Fired, Average High School Field Goal Distance, Littlewoods Football Pools Results And Dividends, Switching From Seroquel To Remeron, Articles R