The meaning of RIGHT OF FIRST REFUSAL is the right to have the first opportunity to purchase property upon the owner's decision to sell at the same terms offered by a third party or at predetermined terms —called also preemptive right.
In order to do so the seller agreed to lease 25 computers for a period of 2 months with an attached ROFR for the company to pilot-test them before they can move forward with the purchase. After the 2 months ended the company exercised its right of first refusal and bought the 25 ...
Waiver of Right of First Refusal shall have the meaning assigned to it in Section 6.1(j) hereof. Sample 1 Based on 1 documents SaveCopy Examples of Waiver of Right of First Refusal in a sentence The Applicant requests that the Planning Board’s approval of the Project’s Special Permit with...
However, Equinor, a joint venture partner with Shell at Caesar-Tonga, exercised a right of first refusal, meaning it has now taken the stake, for the same price. TOP NEWS: Equinor Pips Delek To Shell's Caesar-Tonga Field Stake Where bylaws' restriction on transfer only granted right of fi...
FIRST meaning: 1 : coming before all others in time, order, or importance; 2 : used to refer to the lowest forward gear or speed of a vehicle
The meaning of (THE RIGHT OF) FIRST REFUSAL is the right to have the first choice to buy something on the same terms as offered to someone else.
This AMENDED AND RESTATED FIRST REFUSAL AND CO-SALE AGREEMENT (the "Agreement") is entered into as of the 19th day of December, 2006 by and among Long top Financial Technologies Limited, an International Business Company under the laws of the British Virgin Islands (the "Company"), and the...
Define Right of First Refusal Procedures. has the meaning set forth in Section 2.02(b). “Securities Act” means the U.S. Securities Act of 1933, as amended.
ROFR Notice has the meaning set forth in Section 3.02(d). Subsequent Financing Notice shall have the meaning ascribed to such term in Section 4.12(b). ROFR means a right of first refusal to purchase or a right of first offer to purchase one or more of the Mortgaged Properties pursuant to...
Rights of first refusal are a common feature in many other fields, fromreal estateto sports and entertainment. For example, a publishing house may ask for the right of first refusal on future books by a new author. What Is the Meaning of Right of First Refusal? A right of first refusal ...