Assignment of Right of Refusal Clause Samples

Assignment of Right of Refusal. The County Board shall have the right to assign any of its rights under this Section 5.04 to a party which is a qualified nonprofit organization, as defined in Section 42(h)(5)(C) of the Code or a “government agency” meeting the requirements of Section 42(i)(7)(A) of the Code. Upon any assignment hereunder, references in this Section 5.04 to the County Board shall mean the permitted assignee where the context so requires, subject to all applicable conditions to the effectiveness of the rights granted under this Section 5.04 and so assigned. No assignment of County Board’s rights hereunder shall be effective unless and until the permitted assignee enters into a written agreement accepting the assignment and assuming all of County Board’s obligations under this Section 5.04 and copies of such written agreement are delivered to the Borrower.
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Assignment of Right of Refusal. Borrower hereby covenants and agrees that the County Board shall be permitted to assign any of its rights under this Section 5.04 to a third party. Upon any assignment hereunder, references in this Section 5.04 to the County Board shall mean the permitted assignee where the context so requires, subject to all applicable conditions to the effectiveness of the rights granted under this Section 5.04 and so assigned. No assignment of County Board’s rights hereunder shall be effective unless and until the permitted assignee enters into a written agreement accepting the assignment and assuming all of County Board’s obligations under this Section 5.04 and copies of such written agreement are delivered to the Borrower.
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Related to Assignment of Right of Refusal

  • Assignment of Rights Borrower acknowledges and understands that Agent or Lender may, subject to Section 11.7, sell and assign all or part of its interest hereunder and under the Loan Documents to any Person or entity (an “Assignee”). After such assignment the term “Agent” or “Lender” as used in the Loan Documents shall mean and include such Assignee, and such Assignee shall be vested with all rights, powers and remedies of Agent and Lender hereunder with respect to the interest so assigned; but with respect to any such interest not so transferred, Agent and Lender shall retain all rights, powers and remedies hereby given. No such assignment by Agent or Lender shall relieve Borrower of any of its obligations hereunder. Lender agrees that in the event of any transfer by it of the Note(s)(if any), it will endorse thereon a notation as to the portion of the principal of the Note(s), which shall have been paid at the time of such transfer and as to the date to which interest shall have been last paid thereon.

  • Termination of Right of First Refusal The Right of First Refusal shall terminate as to any Shares upon the earlier of (i) the first sale of Common Stock of the Company to the general public, or (ii) a Change in Control in which the successor corporation has equity securities that are publicly traded.

  • First Right of Refusal If any Partner shall enter into an agreement to sell their ownership interest in the Partnership with an individual or entity that is not a current Partner, the following parties must be given a first right of refusal before such a transaction can take place: