Waiver of Right of First Offer. If Licensee does not enter into a purchase contract by the Exercise Deadline for any reason other than a default by Licensor under this Agreement or Licensee does not thereafter acquire the Converted CPR Ag Lot in accordance with the terms of the purchase contract, Licensee’s right of first offer to purchase the Converted CPR Ag Lot shall be deemed waived and of no further force or effect, and Licensor shall have the right to (i) terminate this Agreement pursuant to Section 2.b of Addendum B and (ii) regardless of whether Licensor terminates this Agreement, market and sell the Converted CPR Ag Lot to a third party.
Appears in 3 contracts
Sources: Month to Month License Agreement, Month to Month License Agreement, Month to Month License Agreement