Define: Priority Rights
the rights of Shareholders to purchase Shares contained in a Transfer Notice in the priority stipulated in Article 16.6 or Article 19.4 (as the case may be);
the rights of Shareholders to purchase Shares contained in a Transfer Notice in the priority stipulated in Article 16.6 or Article 19.4 (as the case may be);.
Relevant Circumstances
- When existing shareholders are entitled to first refusal on transferred shares
- If multiple tiers of priority apply to a transfer notice
- Where Articles 16.6 or 19.4 define the order in which shareholders may buy