Preference Right Sample Clauses

A Preference Right clause grants a party the first opportunity to accept or refuse a particular offer or opportunity before it is made available to others. In practice, this often applies to the sale of shares, property, or other assets, where the holder of the preference right can match the terms of a third-party offer or otherwise exercise their right before the asset is offered more broadly. The core function of this clause is to protect the interests of the preference holder by giving them priority access, thereby preventing unwanted third-party involvement or loss of control over key assets.
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Preference Right. Because this authorization is predicated on AS 38.05.075(c), upland ownership or a valid lease of the upland must be maintained by ▇▇▇▇▇▇. Unless Lessee purchases the upland, a lease or sublease allowing ▇▇▇▇▇▇ the use of the upland property and lodge (“contract”) must be in place during the entire term of this authorization (ADL 108428). A current copy of the contract, or any amendments to the contract shall be delivered to DMLW within 14 days of issuance. Should Lessee purchase the uplands, Lessee must inform DMLW within 14 days of the purchase.
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Preference Right. No preference right for use or conveyance of the land is granted or implied by this authorization.
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Preference Right. The Original Shareholders shall have preference rights on the Transfer of Shares issued by the Company owned by ▇▇▇▇▇▇ ("Direct Transfer") after the Lockout Period and on the disposal of Indirect Holdings (in this case of independent existence, but always the exercise of successive rights of Bradseg, Core and/or Integritas as appropriate and in accordance with the procedure laid down in the Integritas Agreement, such a right of preference being defined in this Agreement as "Successive Preemptive Right" ) ("Indirect Transfer"). 7.2.1. The Original Shareholders shall have Successive Preference Rights on the Indirect Shares Offered, this right to be exercised by means of delivery by Bradseg, Core or Core Partners of the number of shares issued by ▇▇▇▇▇▇ representing indirect holdings disposed of by Bradseg, Core or Core Partners of ▇▇▇▇▇▇'▇ capital, as the case may be, for the same price per share and other conditions offered to Core, Bradseg, Core Partners and/or Integritas by the proposer, observing the provisions of item 7.3 below.
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Preference Right. No preference right to a sale of this leasehold is granted or implied by the issuance of this Lease. Any renewal of this Lease will be subject to current statutes and regulations at the time of Lease expiration.
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Preference Right. No preference right for subsequent authorizations is granted or implied by this authorization.
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Preference Right. No preference right for a subsequent lease pursuant to AS 38.05.102 is granted or implied by this authorization.
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Preference Right a) Because this authorization is predicated on AS 38.05.075(c), upland ownership or a valid lease of the upland must be maintained by ▇▇▇▇▇▇. Unless Lessee purchases the upland, a lease or sublease allowing ▇▇▇▇▇▇ the use of the upland property must be in place during the entire term of this authorization. A current copy of the contract, or any amendments to the contract shall be delivered to DMLW within 14 days of issuance. Should Lessee purchase the uplands, Lessee must inform DMLW within 14 days of the purchase. b) No preference for a lease renewal under AS 38.05.070(e) or preference for a subsequent lease under AS 38.05.102 is granted or implied by this authorization.
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Related to Preference Right

  • Preferred Stock The Board of Directors of the Corporation is authorized, subject to limitations prescribed by law and the provisions of this Paragraph FOURTH, to provide for the issuance of the shares of Preferred Stock in series, and to establish from time to time the number of shares included in each such series, but not below the number of shares then issued, and to fix the designation, powers, preferences, and relative rights of the shares of each such series and the qualifications, or restrictions thereof. The authority of the Board of Directors with respect to each shall include, but not be limited to, determination of the following: (a) The number of shares constituting that series and the distinctive designation of that series; (b) The dividend rate on the shares of that series, whether dividends shall be cumulative, and, if so, from which date or dates, and the relative rights of priority, if any, of payments of dividends on shares of that series; (c) Whether that series shall have voting rights, in addition to the voting rights provided by law, and, if so, the terms of such voting rights; (d) Whether that series shall have conversion privileges, and, if so, the terms and conditions of such conversion, including provisions for adjustment of the conversion rate in such events as the Board of Directors shall determine; (e) Whether or not the shares of that series shall be redeemable, and, if so, the terms and conditions of such redemption, including the date or dates upon or after which they shall be redeemable, and the amount per share payable in case of redemption, which amount may vary under different conditions and at different rates; (f) Whether that series shall have a sinking fund for the redemption or purchase of shares of that series, and, if so, the terms and amount of such sinking fund; (g) The rights of the shares of that series in the event of voluntary or involuntary liquidation, dissolution or winding-up of the Corporation, and the relative rights of priority, if any, of payment of shares of that series; and (h) Any other relative rights, preferences and limitations of that series. FIFTH: The name and mailing address of the incorporator is as follows: P▇▇▇▇ ▇▇▇▇ D▇▇▇▇▇▇▇▇ & P▇▇▇▇▇▇▇ 9▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ SIXTH: The following provisions are inserted for the management of the business and for the conduct of the affairs of the Corporation and for the purpose of creating, defining, limiting and regulating the powers of the Corporation and its directors and stockholders: (a) The number of directors of the Corporation shall be fixed and may be altered from time to time in the manner provided in the By-Laws, and vacancies in the Board of Directors and newly created directorships resulting from any increase in the authorized number of directors may be filled, and directors maybe removed, as provided in the By-Laws. (b) The election of directors may be conducted in any manner approved by the stockholders at the time when the election is held and need not be by written ballot. (c) All corporate powers and authority of the Corporation (except as at the time otherwise provided by law, by this Certificate of Incorporation or by the By-Laws) shall be vested in and exercised by the Board of Directors. (d) The Board of Directors shall have the power without the assent or vote of the stockholders to adopt, amend, alter or repeal the By-Laws of the Corporation, except to the extent that the By-Laws or this Certificate of Incorporation otherwise provide. (e) The personal liability of the directors of the corporation is hereby eliminated to the fullest extent permitted by the provisions of paragraph (7) of subsection (b) of Section 102 of the General Corporation Law of the State of Delaware, as the same may be amended and supplemented. Neither the amendment or repeal of this section nor the adoption of any provision of this Certificate of Incorporation inconsistent with this section shall adversely affect any right or protection of a director of the Corporation existing at the time of such amendment, repeal or adoption. (f) The Corporation shall, to the fullest extent permitted by Section 145 of the General Corporation Law of the State of Delaware, as the same may be amended and supplemented, or by any successor thereto, indemnify any and all persons whom it shall have power to indemnify under said section from and against any and all of the expenses, liabilities or other matters referred to in or covered by said section. The Corporation shall advance expenses to the fullest extent permitted by said Section. Such right to indemnification and advancement of expenses shall continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person. The indemnification and advancement of expenses provided for herein shall not be deemed exclusive of any other rights to which those seeking indemnification or advancement of expenses may be entitled under any By-Law, agreement, vote of stockholders or disinterested directors or otherwise.