Preferential Right Property definition

Preferential Right Property has the meaning set forth in Section 8.8(b).
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Preferential Right Property shall have the meaning specified in Section 6.13(b).
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Preferential Right Property has the meaning set forth in Section 8.8(b). “Preliminary Settlement Statement” has the meaning set forth in Section 2.6. “Prime Rate” means the rate of interest published and updated from time to time by the Wall Street Journal as the “prime” rate. “Production Taxes” has the meaning set forth in Section 6.16.
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Examples of Preferential Right Property in a sentence

  • Seller shall be entitled to all proceeds from the holder of a Preferential Purchase Right who exercises its right to purchase a Preferential Right Property prior to Closing.

  • Quicksilver shall be entitled to all proceeds from the holder of a Preferential Purchase Right who exercises its right to purchase a Preferential Right Property prior to Closing.

  • If by Closing a Preferential Purchase Right burdening any Preferential Right Property has not been exercised, the time for exercising such Preferential Purchase Right has not expired and such Preferential Purchase Right has not been waived, then that Preferential Right Property shall be excluded from the Interests to be assigned and sold to BreitBurn hereunder, and the Initial Consideration shall be reduced by the Preliminary Allocated Value of such excluded Preferential Right Property.

  • The Preferential Right Property shall be excluded from the transactions hereunder, and the Base Purchase Price shall be reduced by the Allocated Value of the excluded Preferential Right Property.

  • To the extent the proceeds received by Buyer differ from the Allocated Value for such Preferential Right Property, the difference shall be accounted for in the Final Settlement Statement in accordance with Section 2.3(a)(vii) and Section 2.3(b)(vi).

  • If, following the Closing, the holder of such Preferential Right Property notifies Seller that it intends to consummate the purchase of any part of the Preferential Right Property, then the terms of Section 7.7 (b) shall apply mutatis mutandis.

  • Seller shall be entitled to all proceeds from the holder of a Preferential Purchase Right who exercises its right to purchase a Preferential Right Property and consummates the purchase prior to Closing.

  • If the holder of such Preferential Right Property thereafter fails to consummate the purchase of the Preferential Right Property covered by such right on or before 60 Days following the Closing Date, then Seller shall notify Buyer and Buyer shall purchase, on or before ten Business Days following receipt of such notice, the Preferential Right Property under the terms of this Agreement for a price equal to the Allocated Value of such Preferential Right Property.

  • If the holder of such Preferential Right Property thereafter fails to consummate the purchase of the Preferential Right Property covered by such right and such holders’ rights to purchase such Preferential Right Property have expired, then Seller shall notify Buyer and Buyer shall purchase, on or before 10 Business Days following receipt of such notice, the Preferential Right Property under the terms of this Agreement for a price equal to the Allocated Value of such Preferential Right Property.

  • Seller may only sell the Preferential Right Property to the holder of the Preferential Right upon the same terms and conditions set forth herein, mutatis mutandis.


More Definitions of Preferential Right Property

Preferential Right Property means any Partnership Property disposed of by the Partnership pursuant to the exercise by a third party of a preferential right to purchase as contemplated by Section 4.07 of the Contribution Agreement.
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Related to Preferential Right Property

  • Preferential Rights means any right or agreement that enables any Person to purchase or acquire any Asset or any interest therein or portion thereof as a result of or in connection with (a) the sale, assignment or other transfer of any Asset or any interest therein or portion thereof, or (b) the execution or delivery of this Agreement or the consummation or performance of the terms and conditions contemplated by this Agreement.

  • Burial right means a right of earth interment.

  • Commercial Rights means any and all rights of a commercial nature connected with the Event including, without limitation, broadcasting rights, sponsorship rights, merchandising and licensing rights, ticketing rights, promotional rights, catering and hospitality rights, New Media rights and interactive games rights;

  • Secondary Refusal Right means the right, but not an obligation, of each Investor to purchase up to its pro rata portion (based upon the total number of shares of Capital Stock then held by all Investors) of any Transfer Stock not purchased pursuant to the Right of First Refusal, on the terms and conditions specified in the Proposed Transfer Notice.

  • Original Rights shall have the meaning set forth in Section 1(f)(i) hereof.