Conditional Right Clause Samples

A Conditional Right clause establishes that a party's ability to exercise a particular right or benefit is dependent on the occurrence of a specified event or fulfillment of certain conditions. For example, a party may only be entitled to terminate a contract, receive payment, or enforce a remedy if a triggering event—such as a breach, regulatory approval, or delivery of notice—takes place. This clause ensures that rights are not absolute but are instead contingent, thereby managing risk and clarifying when and how contractual rights may be invoked.
POPULAR SAMPLE Copied 1 times
Conditional Right. Lessee shall have the right to assign this Lease or sublease during the Term of this Lease, subject to Lessor’s prior written consent, which consent shall not to be unreasonably withheld, conditioned or delayed. If Lessor does not consent to a request for an assignment or sublease, within ten (10) days of the receipt of ▇▇▇▇▇▇'s request, Lessor shall provide written notice to Lessee of setting forth all the reasons Lessor denied ▇▇▇▇▇▇'s request.
View SourceView Similar (2)
Conditional Right. Except for the equipment for which charges are waived hereunder, ▇▇▇▇▇▇’s rights under this Article 26 are conditioned upon landlord’s determination that space is available for the installation and operation of any transmission and/or reception equipment.
View SourceView Similar (2)
Conditional Right. If at any time ******** a reasonable good faith belief that ******** is unwilling or unable to successfully perform one or more of the ******** Development Activities in accordance with the timeline for such ******** Development Activities contemplated by the applicable Amplixa Annual Global Development Plan, ******** shall have the right, at ********, to assume and complete some or all of such ******** Development Activities (the “******** Development ******** Right”); provided that: (i) in no event shall ******** have or be entitled to exercise the ******** Development ******** Right unless and until (A) ******** shall have ******** of the specific ******** Development Activities with respect to which ******** good faith belief applies (a “******** Notice”) and (B) the Executive Officers (or, in the case of ********, a designee thereof) shall have met in person at a neutral location in Washington D.C. designated by ******** to discuss ******** good faith belief, and, at any time after such meeting ******** shall have confirmed to ******** that it continued to have such good faith belief; provided that, if the Executive Officer of ******** is not available for such meeting within ******** Business Days after delivery by ******** of the ******** Notice, then ******** may exercise the ******** Development ******** Right upon written notice to ******** given at any time after such ******** Business Day period regardless of whether such meeting has occurred; and (ii) the ******** Development ******** Right shall be subject to Section 3.4.2(b). If ******** so elects to exercise the ******** Development ******** Right with respect to any ******** Development Activities, to the extent requested by ******** in writing, ******** shall assign to ******** any or all Third Party agreements relating to such ******** Development Activities (including agreements with contract research organizations, clinical sites and investigators), unless, with respect to any such agreement, such agreement (A) expressly prohibits such assignment, in which case ******** shall cooperate with ******** in all reasonable respects to secure the consent of the applicable Third Party to such assignment, or (B) relates to activities in addition to such ******** Development Activities in which case, ******** would be required, at ******** sole cost and expense, to cooperate with ******** in all reasonable respects to facilitate the execution of a new agreement between ******** and the applicabl...
View Source
Conditional Right. The TENANT may not assign its rights hereunder or sublet or share possession of the Premises or any part thereof without the prior consent in writing of the LANDLORD, which consent shall not be unreasonably withheld. Consent shall be deemed to be reasonably withheld if any such assignment, sublet or granting of possession shall be made for an annual consideration less than the total annual consideration (consisting of the Minimum Annual Rental and all deemed additional rental referred to in Paragraph 2.03 hereof) as set forth in the present Lease or the then going market value, whichever be the greater. In the event that such consent is solicited and granted, and the TENANT assigns its rights hereunder or sub-lets or shares possession of all or part of the Premises, the TENANT shall notwithstanding such assignment or sub-let or sharing of possession, remain solitarily responsible for the full and faithful performance of all of the obligations undertaken by it hereunder, in the same manner and to the same extent as if the said assignment had not been made, or the said sublet not granted, or the sharing of possession not effected.
View Source
Conditional Right 
View SourceView Similar (2)

Related to Conditional Right

  • Additional Rights Our rights under this clause shall be in addition to, and not in limitation or exclusion of, any other rights which we may have (whether by agreement, operation of law or otherwise).

  • Conditional Exercise Notwithstanding any other provision hereof, if an exercise of any portion of this Warrant is to be made in connection with a public offering or a sale of the Company (pursuant to a merger, sale of stock, or otherwise), such exercise may at the election of the Holder be conditioned upon the consummation of such transaction, in which case such exercise shall not be deemed to be effective until immediately prior to the consummation of such transaction.

  • Approval Rights So long as SCG Beneficially Owns 25% or more of the Common Shares outstanding, SCG shall have the right (each, an "Approval Right") to approve the following matters as proposed by the Company:

  • Fractional Rights The Rights Agent shall not be required to effect any registration of transfer or exchange which will result in the issuance of a Right Certificate for a fraction of a Right.

  • First Refusal Rights The Company may elect to purchase all (but -------------------- not less than all) of the shares of Executive Stock to be transferred upon the same terms and conditions as those set forth in the Sale Notice by delivering a written notice of such election to Executive and the Investors within 10 days after the Sale Notice has been delivered to the Company. If the Company has not elected to purchase all of the Executive Stock to be transferred, the Investors may elect to purchase all (but not less than all) of the Executive Stock to be transferred upon the same terms and conditions as those set forth in the Sale Notice by delivering written notice of such election to Executive within 10 days after the Sale Notice has been given to the Investors. If more than one Investor elects to purchase the Executive Stock, the shares of Executive Stock to be sold shall be allocated among the Investors pro rata according to the number of shares of Common Stock owned by each Investor on a fully-diluted basis. If neither the Company nor the Investors elect to purchase all of the shares of Executive Stock specified in the Sale Notice, Executive may transfer the shares of Executive Stock specified in the Sale Notice at a price and on terms no more favorable to the transferee(s) thereof than specified in the Sale Notice during the 60-day period immediately following the Authorization Date. Any shares of Executive Stock not transferred within such 60-day period shall be subject to the provisions of this paragraph 4(c) upon subsequent transfer. If the Company or any of the Investors have elected to purchase shares of Executive Stock hereunder, the transfer of such shares shall be consummated as soon as practical after the delivery of the election notice(s) to Executive, but in any event within 15 days after the expiration of the Election Period. The Company may pay the purchase price for such shares by offsetting amounts outstanding under the Executive Note issued to the Company hereunder and any other bona fide debts owed by Executive to the Company.