Unrestricted Free Agent Definition - Law Insider

Unrestricted Free Agent definitionUnrestricted Free Agent means a Free Agent who is not subject to a Team’s right of first refusal.View SourceBased on 16 documents16Draft with AISplit ViewAI-Powered Contracts

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Get StartedSchedule a DemoUnrestricted Free Agent means a Veteran with four or more Accrued Seasons, who has completed performance of his Player Contract, and who is no longer subject to any exclusive negotiating rights, Right of First Refusal, or Draft Choice Compensation in favor of his Prior Club.View SourceBased on 10 documents10Draft with AIUnrestricted Free Agent means a Player who: (a) has either never signed an SPC or whose SPC has expired, or has been terminated or bought out by a Club; and (b) who otherwise is not subject to any exclusive negotiating rights, Right of First Refusal, or Draft Choice Compensation in favor of any Club (including, without limitation, Players referred to in Section 10.1 or 10.2(a)(iv) of this Agreement or a Player who becomes an Unrestricted Free Agent as a result of a Club exercising its walkaway rights under Article 12 of this Agreement).View SourceBased on 3 documents3Draft with AI

Examples of Unrestricted Free Agent in a sentence

• If such a Restricted Qualifying Offer is not made, then the player shall become an Unrestricted Free Agent on such February 1.

• However, a Club may designate a player to whom the Club has rights as a Franchise Player with respect to any first future League Year during the term of this Agreement for which such player is anticipated to be an Unrestricted Free Agent.

• The Tender may be withdrawn at any time, but if such Tender is withdrawn, the player immediately becomes an Unrestricted Free Agent and thereafter is completely free to negotiate and sign a Player Contract with any Club, and any Club shall be completely free to negotiate and sign a Player Contract with such player, without any penalty or restriction, including, but not limited to, Draft Choice Compensation between Clubs or First Refusal Rights of any kind, or any signing period.

• After the expiration or termination of a Replacement Contract, the player shall become an Unrestricted Free Agent.

• Except as set forth in Section 9 below, each Club shall be permitted to designate one of its players who would otherwise be an Unrestricted Free Agent as a Franchise Player each season during the term of this Agreement.

• On each date following the dates set forth in Sections 1 and 3 above, the NFL shall provide to the NFLPA a list of each Unrestricted Free Agent designated as a Franchise Player or a Transition Player.

• If a Reserved Qualifying Offer is withdrawn, the player shall immediately become an Unrestricted Free Agent.

• Such a designation can apply to any Veteran Free Agent who would otherwise be an Unrestricted Free Agent or a Restricted Free Agent.

• If a Restricted Qualifying Offer is withdrawn, the player shall immediately become an Unrestricted Free Agent.

• If such a Reserved Qualifying Offer is not made, then the player shall become an Unrestricted Free Agent on such February 1.

More Definitions of Unrestricted Free Agent

Unrestricted Free Agent means a Free Agent who is not subject to a Team’s right of first refusal. (ppp) “Veteran” or “Veteran Player” means a person who has signed at least one Player Contract with an NBA Team.View SourceBased on 2 documents2Draft with AIUnrestricted Free Agent means a Player (1) who has never signed a SPC; (2) who has been Released by a Member; or (3) whose SPC has expired and who is not otherwise subject to a Member’s Rights.View SourceBased on 1 documents1Draft with AI

Related to Unrestricted Free Agent

• Unrestricted Person means (a) each Indemnitee, (b) each Partner, (c) each Person who is or was a member, partner, director, officer, employee or agent of any Group Member, a General Partner or any Departing General Partner or any Affiliate of any Group Member, a General Partner or any Departing General Partner and (d) any Person the General Partner designates as an “Unrestricted Person” for purposes of this Agreement.

• Unrestricted Cash means cash or cash equivalents of the Borrower or any of its Subsidiaries that would not appear as “restricted” on a consolidated balance sheet of the Borrower or any of its Subsidiaries.

• Unrestricted Global Note means a Global Note that does not bear and is not required to bear the Private Placement Legend.

• Unrestricted Global Notes means Global Notes that are not required to bear, or are not subject to, the Restricted Notes Legend.

• Unrestricted Global Security means a Global Security that is not a Restricted Security.

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Related Definitions

• Unrestricted Person
• Unrestricted Cash
• Unrestricted Global Note
• Unrestricted Global Notes
• Unrestricted Global Security