Preferential Right definition

Preferential Right means any preferential right or option to purchase or otherwise to acquire an Interest or any interest therein, held by another party to a Basic Document, which arises as a result of the transactions contemplated by this Agreement.

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Preferential Right has the meaning set forth in Section 6.4.

Preferential Right means any right or agreement that enables any third party to purchase or acquire any Asset or any interest therein or portion thereof as a result of or in connection with the sale, assignment, encumbrance or other transfer of any Asset or any interest therein or portion thereof.

Examples of Preferential Right in a sentence

The consideration payable under this Agreement for any particular Asset for purposes of Preferential Right notices shall be the Allocated Value of such Asset.
If the Non-Disposing Founding Member or any of its Affiliates elects to exercise the Operator Preferential Right to purchase the entire Membership Interest offered in the Disposition Notice, then the Disposing Member and the Non-Disposing Founding Member (or its Affiliate) shall close the acquisition of the Membership Interest in accordance with Section 3.03(b)(ii)(E).
The portion of the Purchase Price to be allocated to any Asset or portion thereof affected by a Preferential Right (a “Preferential Asset”) or that becomes a Retained Asset shall be the Allocated Value for such Asset.
If Buyer has allocated a positive Allocated Value to the Preferential Right Asset, the Purchase Price will be reduced by the dollar amount of the positive allocation.
SM Energy shall be entitled to all proceeds paid by a Person exercising a Preferential Right prior to the Closing.

More Definitions of Preferential Right

Preferential Right means a right of first refusal or other preferential purchase right provision applicable to any Acquired Assets.

Preferential Right means the right to harvest Porcupine Caribou for subsistence usage and to be allocated, subject to conservation and the terms of this Agreement, quantities of Porcupine Caribou sufficient to fulfill the native users requirements for subsistence usage before there is any allocation for other purposes, such right of allocation being provided for by the establishment, when necessary, of the allocation hereinafter referred to as the “native user allocation.”

Preferential Right means any rights of first refusal, rights of first offer, options, puts, calls, preferential rights to purchase, change in control, or other similar rights in favor of any Person.

Preferential Right. ’ means the preferential limited partnership interest in the Issuer initially held by Uberior Investments plc and entitling it to receive in preference to the rights of the General Partner all amounts received by the Issuer under the Subordinated Notes in excess of those required to make payments of any Distribution (and, if relevant, Additional Amounts) on any Distribution Date or any Liquidating Distribution or relevant proportion thereof (and, if relevant, Additional Amounts) to Holders in accordance with paragraphs 2 or 3 below;

Preferential Right means any purchase option, call right, right of first refusal, right of first offer, co-sale right, participation right, preemptive right, subscription right, put right, or other similar right.

Preferential Right. ’ means the limited partnership interests in the Issuer held by the Preferential Limited Partner and entitling it to receive in preference to the rights of the General Partner all amounts received by the Issuer from its investment in the Notes in excess of those required to make payments in respect of the Preferred Securities by reason of the provisions of paragraphs 2, 3 or 6;

Preferential Right has the meaning assigned to such term in Section 4.3(a).

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