| 11. | It gives us the right of first refusal, so to speak,
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| 12. | Sotheby's has a right of first refusal on the sale of those shares.
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| 13. | He felt unappreciated when he was not offered first refusal of the captaincy.
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| 14. | The right of first refusal does not apply to the stock.
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| 15. | In year 5, all teams retain the right of first refusal.
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| 16. | Sheaffer management argues it has right of first refusal to buy the company.
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| 17. | Leonsis has right of first refusal to become the majority owner.
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| 18. | A refusal at A is a first refusal, and would receive 20 penalties.
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| 19. | The union has offered a four-year scale with no right of first refusal.
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| 20. | Nor can a club assign the right of first refusal to another club.
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