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Common use of Condition to Exercise Clause in Contracts

Condition to Exercise. Tenant’s ROFR Right is subject to the condition that on the date that Tenant delivers its notice exercising its ROFR Right, no Event of Default exists (other than a Non-Material Event of Default).

Appears in 3 contracts

Sources: Lease Agreement (Andina II Holdco Corp.), Lease Agreement (Andina II Holdco Corp.), Lease Agreement (Andina II Holdco Corp.)

Related Clauses

  • Election to Exercise
  • Conditions to Exercise
  • Right to Exercise
  • FORM OF ELECTION TO EXERCISE
  • Failure to Exercise

Parent Clauses

  • Notice of Exercisability and Determination of Number of Warrant Shares
  • Further Limitations on Exercise
  • Tenants Right of First Offer Refusal
  • Exercise
  • General Provisions

Sub-Clauses

  • Condition to Exercise
  • Premises Contraction Fee
  • Tenant’s Election of Right
  • Tenant’s Failure to Exercise Right
  • Offer by ▇▇▇▇▇▇ Building Landlord
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