Common use of Continuous Right Clause in Contracts

Continuous Right. If Landlord has not entered into a Purchase Agreement with a third party that is not an Affiliate of Landlord within 180 days after the termination of Tenant’s rights with respect to the exercise of a ROFR Right after receipt of the applicable ROFR Purchase Terms, then, prior to entering into any purchase and sale agreement with any third party, Landlord shall again comply with the provisions of Section 19.2; or if during such 180-day period, Landlord agrees to enter into a purchase and sale agreement with a third party for a purchase price that is 95% or less than the price set forth in the applicable ROFR Purchase Terms, Landlord will again comply with the terms and conditions of Section 19.2. The ROFR Right shall not expire as a result of the purchase of the Premises by a third party or any Affiliate Landlord, and such third party or Affiliate shall take title to the Premises subject to the ROFR Right contained herein.

Appears in 3 contracts

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