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"first refusal" Definitions
  1. the right to decide whether to accept or refuse something before it is offered to others

149 Sentences With "first refusal"

How to use first refusal in a sentence? Find typical usage patterns (collocations)/phrases/context for "first refusal" and check conjugation/comparative form for "first refusal". Mastering all the usages of "first refusal" from sentence examples published by news publications.

So they get first refusal on trying to form a new government.
The Bangladesh government has the right of first refusal in any asset sale.
Belgian majority shareholder Elia had a right of first refusal to the stake.
Baosteel will get first refusal rights starting at the end of next year.
If someone decides to buy it, Spain has the right of first refusal.
He said Sessions holds an "unofficial first right of first refusal" on the race.
The patent office's first refusal to register the Slants runs 20163 pages, including attachments.
All participants retain the right of first refusal for a spot in next year's event.
McDonald&aposs exercises its right of first refusal in a very small percentage of transactions.
Goldcorp granted Bluestone the right of first refusal for certain Marlin assets and equipment on Wednesday.
Each deed gives Alapine's management organization, Sheeba Mountain Properties, a right of first refusal for purchase.
Each deed gives Alapine's management organization, Sheeba Mountain Properties, a right of first refusal for purchase.
Upon her first refusal, the offer grew from $1,500 a day to $5,000 a day, Dauer claimed.
The company has been informed that the shareholder may use its right of first refusal, SNC said.
OTPP bought 39 percent of Brussels Airport in 2011 and rights of first refusal on Macquarie's stake.
If the California State Lands Commission waives its right of first refusal, it issues a compliance certificate.
"In my view, Harold Hamm has the right of first refusal," Cramer told Reuters in a telephone interview.
The Bangladesh government has the right of first refusal in any sale of Chevron's assets in the country.
Sinochem has a right of first refusal but has signalled it will sell out, too, the people said.
The discussions will begin with Bertelsmann, which has the right of first refusal to buy out its partner.
Should an owner eventually decide to sell, the others would get a right of first refusal before any newcomers.
Tereos, which owns 54.1 percent of Guarani, has right of first refusal in the sale of Petrobras' minority stake.
Under the terms of the contract, the Bangladesh government has the right of first refusal in any asset sale.
The trust has the right of first refusal to purchase TAL's properties, which supports its medium-term portfolio expansion.
BP's partner in the joint venture, state-owned China Petroleum & Chemical Corp (Sinopec), has a right of first refusal.
Under the deal, Amazon will essentially have the right of first refusal for any of Mr. Peele's TV series.
The company says it will urge other real estate organizations to also consider such "right of first refusal" programs.
Many franchise agreements also include a right of first refusal for the franchisor when a franchisee is selling their business.
Snap didn't like Lightspeed putting a right of first refusal on its seed deal, because it reduced your financial flexibility?
A special "Mandatory Source" provision gives FPI "super preferential access" — a right of first refusal — for all U.S. federal contracts.
It has a right of first refusal for the remaining shares but has said it would keep its current holding unchanged.
The companies' original relationship with SunEdison gave them call rights - essentially right of first refusal - on projects in the Edison pipeline.
In exchange, the venture firm would remove its right of first refusal clause and other terms that the Snapchat founders considered onerous.
In 2016 Scotland's nationalist government expanded legislation that grants communities first refusal to buy land, provided they intend to develop it sustainably.
After 2026, Itaú has the right of first refusal in case XP's controlling shareholders receive a third-party offer, the sources said.
The actors instead signed modified lab contracts that gave them a right of first refusal to their roles, but not royalty participation.
It said that at that time, Alcoa had no rights of first refusal or right to block the split under AWAC agreements.
Under that deal, the private equity firm holds the right of first refusal on certain future sales of AMC shares by Wanda.
Enel has right of first refusal over CDP's stake in Open Fiber and can in theory derail CDP's plans by exercising it.
In exchange, the venture firm would remove its right-of-first-refusal clause and other terms that the Snapchat founders considered onerous.
But like the "right of first refusal" rule, which depends on flush state funding, many of the anti-gentrification measures have limitations.
Second, the concepts of Right of First Refusal (ROFR) and majority board approval for equity transactions are brought to light in this episode.
As owners of the trailers, but renters of the land, they attempted to use their right of first refusal to purchase the park.
SOUTH AFRICA Existing shareholders often have the right of first refusal for stakes being sold by another partner in oil and gas fields.
California last year passed a law that gives the state the "right of first refusal" for a particular sale or exchange of federal lands.
But this time, Petrobras exercised its right of first refusal to bid for the Tartaruga Verde block, adjacent to an area it already owns.
Founders could signal their seriousness by committing to a right of first refusal on the future sale of their personal stock to these trusts.
Reuters reported on March 27 that MSC's TIL unit was likely to exercise a right of first refusal to buy Triunfo's stake in PortoNave.
As the controlling shareholder in the joint venture, São Martinho had the right of first refusal when Petrobras decided to sell its minority stake.
His holding entitles him to more than 45 percent of any profit and includes a share that gives first refusal on further stakes. 10.
HIGH DIGITAL STAKES Enel has right of first refusal over CDP's stake in Open Fiber and can in theory derail CDP's plans by exercising it.
Deutsche Telekom owns a 40 percent stake in OTE and has a right of first refusal of any sale of a stake in the operator.
He has an ongoing relationship with the Old Vic, in the form of a right of first refusal to commercial transfers of the theater's work.
The new law gives Petrobras right of first refusal to operate subsalt projects and take a minimum 30 percent financial stake in all subsalt projects.
The Carson project came to him from the production and management company Anonymous Content; HBO, per Milch's current contract, retained a right of first refusal.
Cramer has said Hamm should have the right of first refusal for Energy secretary, but Hamm told CNBC that Cramer is the man for the job.
Previously, any bidder for Alumina would have had to offer Alcoa right of first refusal to acquire 60 percent of the bidder's bauxite and alumina assets.
You see, the old rule was that owners of pomme frite kiosks would have a right of first refusal to renew the leases for their stands.
LNG supply and demand - here Existing shareholders often have the right of first refusal for stakes being sold by another partner in oil and gas fields.
McDonald&aposs has the right of first refusal when franchisees are selling locations, but most franchisees seeking to buy new locations acquire them from other franchisees.
He said, "I would love to invest but I have to give right of first refusal to Founders Fund," and they actually took it from Peter.
As part of the agreement, Amazon will have the right of first refusal to purchase more stake in Future Retail both directly as well as via entities.
Barrick spokesman Andy Lloyd said on Tuesday the transaction it was contemplating "would not include a right of first refusal", suggesting it is one of the options.
He was given first refusal at a museum discount price of 700,000 euros, or about $866,000, and fast-tracked the Dutch institution's purchase, according to Mr. Proust.
GuocoLand will act as co-anchor in the IPO and strategic investor, giving it first refusal to partner the developer in projects in Singapore, China and Britain.
Exxon's partners in developing many of these sites could have a contractual right of first refusal on any opportunity to acquire Exxon's interest, one of the sources said.
At issue is a new right of first refusal granted to Mexico to supply all U.S. sugar needs not met by domestic suppliers or other foreign quota holders.
That same year, he made a deal granting the streaming service the rights to 14 stand-alone novels, as well as first-refusal rights to new TV ideas.
Those terms gave Lightspeed the right of first refusal to invest in future rounds of funding and the ability to increase its share of the company in those rounds.
The actors also get benefits, are entitled to a right of first refusal to their role — and to split 1 percent of any future royalty pool for 18 years.
The latest legal action involves California's Senate Bill 50, which was signed into law in October and gives the state right of first refusal over many federal land conveyances.
In exchange for the $5 mil, L2 says it agreed to give American Bank the right of first refusal on all of the mortgage loans that resulted from the program.
Canada's third-biggest lender also said the Said family, which owns 31.62 percent of BBVA Chile, has waived its right of first refusal to buy BBVA's shares in BBVA Chile.
Those terms gave Lightspeed the right of first refusal to invest in a future round of funding and the ability to increase its share of the company in that round.
The Dubai theme park company said it will retain exclusive right of first refusal for use of 'Six Flags' intellectual property rights in the United Arab Emirates for five years.
Their agreement has a "right of first refusal", which means that a shareholder who gets an offer for his stake should offer it to the other two participants of the agreement.
The law at issue gives California the right of first refusal in any sale of public lands, an effort to prevent resource exploitation or development that would hurt the state's interests.
Taste, which is also the master franchisee of Dominos Pizza in South Africa, holds the local licence for Starbucks and has the right of first refusal in several other African markets.
Clinton and her advisers, said that Mr. Podesta, her campaign chairman, would have the right of first refusal on becoming her chief of staff, a job he held under Mr. Clinton.
As part of the deal, Silver Lake will get a seat on AMC's board and a two-year right of first refusal on certain future transfers of AMC's shares by Wanda.
Committee chair Yoel Naveh said it was possible competitors would be scared off by ICL's numerous advantages: not just right of first refusal but also its deep knowledge of the project.
The reason: the agreement gave Lightspeed the right of first refusal to invest in a future round of funding and the ability to increase its share of the company in that round.
The Czech investors had wanted to raise their stake in Casinos Austria last year and said their 11.3 percent stake gave them right of first refusal if other shares were being sold.
The Porsche and Piech families have a right of first refusal on Porsche shares held by Piech, which are worth just over 1 billion euros ($203 billion) based on current market prices.
They love the house so much, they said, that in their most recent lease, Mr. Toth negotiated an additional clause: a right of first refusal should the owners ever want to sell.
He struck a deal to allow Lightspeed to buy shares at a discount in exchange for it removing certain onerous terms, like a right-of-first-refusal on the next funding round.
Another speculates that this may have been a right of first refusal — although, to be clear, we have no clue whether Apple and the others have a pre-existent relationship to merit that.
As part of Discovery's participation in the company, the Oprah Winfrey Network (OWN) has the right of first refusal for all scripted and unscripted television shows that Will Packer Media comes up with.
Under this arrangement, they are not obliged to offer the owner-tenants the Right of First Refusal, making it impossible for owners to buy their leaseholds and turn their properties into fully owned freeholds.
I have dragged myself up through Saturday hangovers to comb through the house clearances as they arrived out of the back of a van: first refusal on anything with a hint of war about it.
Under its Somali deal, Soma provided the government with seismic surveys on 12 offshore oil and gas blocks covering around 60,000 square kilometres in return for getting first refusal on blocks it wanted to explore.
Lightspeed was granted the right of first refusal to invest and the ability to increase its share of the company in the next round of funding for Snap, not in multiple future rounds of funding.
Reuters reported on March 27 that MSC Mediterranean Shipping was likely to exercise a right of first refusal to buy Triunfo's stake in the PortoNave port terminal for an equivalent of 12 times expected operational earnings.
Pfizer holds a co-patent on PV-10 for use in combination therapies, and Boehringer Ingelheim has secured right of first refusal on use of the drug against liver cancer in China, the companies told Reuters.
The company will offer community land trusts, other affordable housing organizations and the city the right of first refusal on its properties, which could make housing more affordable to low-income families and others, Schaaf said.
IOC's tender document is seeking global bids for a very large crude carrier (VLCC) capable of carrying Iraqi Basra Light and Basra Heavy crude for five years and grants Indian shippers the right of first refusal.
Athens invited the German company to exercise its right of first refusal to buy the shares after a tender to sell a 5 percent stake last month as part of Greece's international bailout attracted no interest.
MILAN (Reuters) - Italian defense group Leonardo said on Friday it was exercising a right of first refusal over Vitrociset so as to buy the 98.5 percent of the defense and security services firm it didn't already own.
State-owned China Petroleum & Chemical Corp (Sinopec), which owns the other half of the venture and has a right of first refusal, said it was discussing the conditions put forward by BP, but has made no decision.
OTE, the former national monopoly, is 40 percent owned and managed by Germany's Deutsche Telekom, which has a right of first refusal to buy the shares but has not yet said if it will exercise that right.
While no other suitor participated in the final round of bidding, German state bank KfW is still poised to pocket the stake due to the right of first refusal held by Belgian majority shareholder Elia, they said.
Many feel that South Korean courts have too long resisted holding chaebol bosses fully to account: Mr Chung says that, after the judges' first refusal to grant a warrant last month, the mood within legal circles was disapproving.
"Wright's continued membership in the Academy was predicated on his agreement to the new right of first refusal in its bylaws," wrote Los Angeles Superior Court judge Gail Ruderman Feuer in an opinion, according to The Hollywood Reporter.
"Telling investment banks that they cannot have a right of first refusal on more lucrative future work may make them more reluctant to provide free services at the earlier stage, leading to increased costs for SMEs," Moulton said.
If the sales spurred the change, the club likely considered the longstanding policy of the Academy of Motion Picture Arts and Sciences, which has the right of first refusal on the sale of any Oscar won since 1951.
"Wright's continued membership in the Academy was predicated on his agreement to the new right of first refusal in its bylaws," wrote Los Angeles Superior Court judge Gail Ruderman Feuer in an opinion reported by The Hollywood Reporter.
All the companies will be exposed to numerous experts and investors, as well as given hardware and credit on Cloud services, but Google doesn't retain any special rights like first refusal on a seed round or anything like that.
ANKARA, April 4 (Reuters) - Turkey is taking steps to give its central bank the right of first refusal on domestically produced gold, two sources said, allowing it to boost reserves of the precious metal without depleting foreign currency holdings.
Petrobras and the government are still discussing how the auction winners will potentially partner with the state oil company, which is already producing at Buzios and has the right of first refusal to remain operator at the four fields.
The Porsche and Piech families control 52 percent of Volkswagen Group's common stock through their holding company Porsche SE, and have a right of first refusal to buy Piech's stake, which equates to a 7.35 percent economic stake in Volkswagen.
Opening a PAC to sprinkle money around to candidates -- and fund his own travel to key states -- is the leading edge of an effort to ensure Biden is at the front of the line, and has the right of first refusal.
That document said that Pinterest employees had to agree not to transfer or sell their shares without written consent of the company, and they had to agree that the company had the right of first refusal to buy back the shares.
Leslie Hook, FT: Uber's major shareholders including Benchmark have declined to waive their rights of first refusal over the upcoming tender offer, a move that has annoyed and confused the buyers involved, according to four people close to the talks.
"I am in full agreement with your suggestion that I give them absolute first refusal in whatever decision I make for the disposition of the archive," he wrote to the Manhattan bookseller Andreas Brown, who was serving as his archival consultant.
After tenant outcry, the city also saved at least two apartment blocks in Friedrichshain-Kreuzberg from being sold, using a legal tool known as the "right of first refusal," which lets officials intervene if they can find funding for the purchase.
Business Insider asked Persimmon if the associated company was registered for the purpose of selling freeholds without first offering tenants the Right of First Refusal, but it did not respond to a request for comment by the time of publication.
Business Insider also asked Bellway if the associated company was registered for the purpose of selling freeholds without first offering tenants the Right of First Refusal, but it had not responded to a request for comment at the time of publication.
" Fitzpatrick said the Right of First Refusal law does not appear likely to change: "The recent consultation paper mentions the RFR but appears to rule out any extension of it to houses on the basis that it is easily circumvented.
Snap co-founder Evan Spiegel clashed with early investor Jeremy Liew of Lightspeed Venture Partners over some of the terms of the investment, including Lightspeed's right of first refusal to later fundraising rounds, according to a report in The New York Times.
But if the company signs an exclusivity arrangement that prevents the startup from doing business with other companies, or a right of first refusal that discourages other strategics from bidding in an M&A situation, it can actually hurt the company a lot.
The right of first refusal can create a cooling effect on the market for a franchisee's business because any potential buyer won't want to waste time negotiating when the franchise corporation can always come in and assume its right to buy the business.
Uber's Southeast Asia sale — which saw it take a tactical 27.5 percent stake in its Singapore-based rival — gave Grab first refusal on a lot of Uber's operational talent, but most of Uber's core management team remained with the company in Singapore.
Those demands are "impossible" to meet and the strategy seems to be a "moving target from petitioners to blow the deal," the source said, adding that the demands included conditions on the right of first refusal that would be difficult to meet.
In their 2005 memoir, "Palladian Days: Finding a New Life in a Venetian Country House," she described how she and her husband marinated in suspense while the Italian government decided whether to act on its right of first refusal for the historic property.
Investors are exploiting a flaw in the law The Landlord and Tenant Act 21 gave leaseholders of flats the "right of first refusal" (RFR), which meant they were legally entitled to buy their freehold before the landlord sold it on to an investor.
BRATISLAVA (Reuters) - Slovakia's government is considering a change in law to give the state an automatic right of first refusal to buy into companies deemed to be of national importance when private owners want to sell their interests, Economy Minister Peter Ziga said on Wednesday.
The regulatory filing said the deal gives Amazon the right of first refusal should Future Retail's founder, Kishore Biyani, or his family decide to further trim the 47.02% stake they own in company, both directly and via entities like Future Coupons that they control.
Spiegel advised to never accept if someone says terms are "standard," and described a right of first refusal term in the Snapchat convertible note seed round of requiring access to 50% or effectively the majority of the Series A round that came the following year.
That includes imposing a strict right-of-first-refusal policy that allows the company to repurchase insider shares at the price set in its latest funding round rather than allowing the stock to be sold at a higher price to wealthy individuals via exchanges.
On Friday, Alcoa filed a lawsuit at the Court of Chancery in the U.S. state of Delaware seeking a declaration that Alumina has no right to block the plan, and has no consent rights or rights of first refusal in relation to the plan.
Under the joint venture structure, Newmont has a right of first refusal on the asset, meaning if Barrick wants to sell its stake it must first offer it to Newmont, which has to make an all cash offer, a source familiar with the matter said.
Sanders is also proposing giving workers the right of first refusal to buy companies put up for sale, and the establishment of "worker ownership centers" across the country that would help retiring owners of small and mid-sized businesses transfer their companies to their employees.
He says he learned about the sleepover after the fact -- without a heads-up from Norma -- and claims that by doing what she did, Norma violated a court order from 2014 that gives him the right of first refusal in this type of situation.
SAO PAULO, Dec 14 (Reuters) - Brazil's state-controlled oil company Petrobras will exercise its right of first refusal over three of the areas to be auctioned off in June in the country's next pre-salt oil round, the company said in a securities filing on Thursday.
Indeed, the Times says Snap was so irked by this pact that it later struck an agreement with Lightspeed, providing it with warrants to buy future shares at a discounted price in exchange for dropping its right-of-first-refusal and other clauses that bothered the founders.
Try to eliminate the provision that gives the franchisor right of first refusal and restate to say any sale to the corporation should be at fair market value as a going concern, not "depreciated value," which is one of the biggest red flags in a franchise deal.
Moreover, since Getaround also had the right to assign its right of first refusal to whoever it wanted, Mr. Zaid could cause Getaround to exercise its right to purchase Plaintiff's shares (at a discounted price) and then gift that opportunity to Mr. Zaid's friends and family.
He understands that Hinkie was right to recognize that the N.B.A.'s free-agency system is not designed to encourage movement, especially to bad teams, because it allows an incumbent franchise the right of first refusal and the ability to pay its own players much more.
ATHENS, March 16 (Reuters) - Greece did not receive any bids for the sale of a minority stake in its biggest telecoms operator OTE and has invited Deutsche Telekom to exercise its right of first refusal to buy the shares, the Greek privatisations agency said on Friday.
But at a meeting in June, the Zoning Board refused to grant the group a permit, saying that the town had a right of first refusal on the land, which had once been used for agriculture, and that proper procedure for the sale had not been followed.
Related: This Is How Medical Negligence Can Kill Immigrants Held at ICE Detention Centers "ICE will conduct a case-by-case review on each of these releases and will exercise this right of first refusal based, in part, on a jurisdiction's willingness to accept ICE detainers," Elzea said.
The government believes ICL will agree to its proposal, first because the firm will have the right of first refusal but also because it too has a powerful reason to scrap the current concession: an article that gives the government the rights to interfere in investments starting in 2020.
The Paris club faced further scrutiny regarding its dealings in the transfer market, after also signing the highly-rated French teenager Kylian Mbappe from Monaco, initially as a loan, but with first-refusal to make the move permanent in a deal worth $235 million at the end of the season.
The Porsche and Piech families, which control a majority of VW common stock through family-owned holding company Porsche SE and which have a right of first refusal for Piech's 14.7 percent stake, are interested in keeping the shares in the family, the magazine said, without saying where it got the information.
Thus, Mr. Zaid was in a position to provide information designed to drive down the value of Plaintiff's shares, and if Plaintiff agreed to a transaction at a lower price, Mr. Zaid could cause Getaround to exercise its right of first refusal to buy Plaintiff's shares at a large discount off its true value.
In a unanimous decision, a three-judge panel of the U.S. Court of Appeals for the D.C. Circuit upheld FERC's decision to reject a plan that would have given existing New England power suppliers a right of first refusal to build new projects, and which gave the states broad authority to determine when new projects were needed.
LONDON, April 13 (IFR) - The UK's financial regulator has said it wants banks that arrange lending facilities for clients to remove clauses from loan and corporate broking contracts that require the client to give the bank the right of first refusal to arrange follow-on bond or equity issues and other investment banking services for them.
If that much is bet, a shareholder in the race whose horse finishes last could still earn half his $1 million back and retain the right of first refusal for a spot in next year's event, which organizers hope to grow by adding a turf component to lure international horses and the big money bet overseas.
Shares indicated up 2170 percent * Novartis AG: Sandoz strikes agreement with Shionogi to commercialize Rizmoic (naldemedine) for opioid-induced constipation in Germany, UK and Netherlands, plus right of first refusal for certain other European markets * Romande Energie Holding SA: FY net result of CHF 2162 million, down compared to 553 * Edisun Power Europe said it almost doubled its net profit last year to 255 million Swiss francs.

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