No Right of First Refusal Sample Clauses
The "No Right of First Refusal" clause explicitly states that a party does not have the automatic right to be offered an opportunity to purchase or participate in a transaction before the owner seeks third-party offers. In practice, this means that if the owner decides to sell an asset or interest, they are not obligated to first offer it to the other party to the agreement. This clause is commonly used to provide the owner with greater flexibility and efficiency in managing sales or transfers, as it removes the procedural step of offering the opportunity to the other party, thereby streamlining transactions and avoiding potential delays or complications.
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No Right of First Refusal. Neither the Company nor any of its subsidiaries nor, to the knowledge of the Company, any other person has any preemptive right, right of first refusal or other similar right to purchase or otherwise acquire any of the Securities to be sold to the Underwriters pursuant to this Agreement.
No Right of First Refusal. No person is entitled or purports to be entitled, to any right of first refusal, pre-emptive right, right of participation, or any similar right, to participate in the transaction or otherwise with respect to any securities of the Company.
No Right of First Refusal. No Partnership Entity nor any other person has any preemptive right, right of first refusal or other similar right to purchase or otherwise acquire any of the Securities to be sold by the Partnership to the Underwriters pursuant to this Agreement.
No Right of First Refusal. None of the Selling Unitholders have any preemptive rights, rights of first refusal or other similar rights to purchase or otherwise acquire any of the Securities to be sold to the Underwriters pursuant to this Agreement, except in each case as disclosed in the Registration Statement, the Statutory Prospectus and the Prospectus and that have been waived in writing. In addition, any certificate signed by any Selling Unitholder and delivered to the Underwriters or counsel for the Underwriters in connection with the offering of the Securities shall be deemed to be a representation and warranty by such Selling Unitholder, as to matters covered thereby, to each Underwriter.
No Right of First Refusal. As of the Addendum Effective Date Manufacturer shall not have a right of first refusal. In furtherance of the foregoing, the parties hereto hereby agree that the last two sentences of Section 2.1 of the Agreement shall have no further force and effect from and after the Addendum Effective Date.
No Right of First Refusal. The right of an Owner to sell, transfer, or otherwise convey his Lot or Home will not be subject to any right of first refusal or any similar restriction in favor of the Association or other Owners.
No Right of First Refusal. Except as described in each of the General Disclosure Package and the Prospectus, no Fund I entity has any preemptive right, right of first refusal or other similar right to purchase or otherwise acquire any of the Securities to be sold by the Partnership to the Underwriters pursuant to this Agreement.
No Right of First Refusal. The Company is not obligated to offer the Shares offered hereunder on a right of first refusal to any third parties.
No Right of First Refusal. Intellon shall not enter into any right of first refusal with any other person relating to a Corporate Event.
No Right of First Refusal. If a third party meeting our then-current qualifications offers to purchase the Hotel and wishes to keep the Hotel in the Hotel System, we shall have no right of first refusal.