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.
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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.
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.
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...
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.
Conditional Right