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Preference Right means any right or agreement that enables or may enable any Person to purchase or acquire any Subject Interest or any interest therein or portion thereof as a result of the conveyance, sale, assignment, mortgage or other transfer of the Production Payment or any interest therein or portion thereof.
Preferential Purchase Rights means rights of any Person (other than rights of condemnation, eminent domain, or other similar rights of any Person) to purchase or acquire any interest in any of the Purchased Assets, including rights that are conditional upon a sale of any Purchased Assets or any other event or condition
If you have a preference for something, you would like to have or do that thing rather than something else. It upset her when people revealed a preference for her sister. uncountable noun. If you give preference to someone with a particular qualification or feature, you choose them rather than someone else.
Preference shares commonly known as preferred stocks, are those shares that enable shareholders to receive dividends announced by the company before receiving to the equity shareholders.
Preference Right means any right or agreement that enables or may enable any Person to purchase or acquire any Subject Interest or any interest therein or portion thereof as a result of the conveyance, sale, assignment, mortgage or other transfer of the Production Payment or any interest therein or portion thereof.
A LAW EACH DAY (KEEPS TROUBLE AWAY) - Jose C. Sison - April 27, 2010 am. This case is about the rights of a riparian or littoral owner, or the owner of the land adjacent to the banks of rivers or shores of the sea to the accretions or alluvial deposits due to the actions of the sea or river.
Where a parcel of land is made subject to a preferential right under the Municipalities (Preferential Rights) Act, the owner is obliged to offer the local authority the right of first refusal should he or she wish to sell the land.
1. n. Oil and Gas Business The right that nonselling participating parties have in a lease, well or unit to proportionately acquire the interest that a participating party proposes to sell to a third party.