Ongoing Right Clause Samples
An Ongoing Right clause establishes a party's entitlement to continue exercising certain rights or benefits throughout the duration of an agreement or beyond specific events. For example, this may allow a licensee to keep using intellectual property or a service provider to access necessary resources as long as the contract remains in effect. The core function of this clause is to ensure continuity and prevent disruption by clarifying that certain rights do not expire or lapse prematurely, thereby providing stability and predictability for the parties involved.
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Ongoing Right. A. [Intentionally Omitted.]
B. If (i) Landlord lease a Potential Offering Space to a third party as permitted under Section 7.1 above and subsequently determines that such Potential Offering Space has again become Available, or (ii) a Potential Offering Space becomes Available again because Landlord fails to lease it to a third party within 180 days after becoming entitled to do so under Section 7.1.B or 7.1.C above, then, subject to Section 7.1.3.A above, the provisions of this Section 7 shall apply again to such Potential Offering Space.
Ongoing Right. Tenant’s failure to exercise the Right of First Refusal as to any Offered ROFR Space made hereunder shall extinguish the Right of First Refusal as to such Offered ROFR Space during the term of Landlord’s lease with such other party, and any extension thereof, provided that, upon the expiration or termination of such lease, such Offered ROFR Space shall again be subject to the Right of First Refusal.
Ongoing Right. The exercise or non-exercise of the rights ------------- of the Investors hereunder to purchase New Securities sold by the Company shall not adversely affect the rights of any Investor to subsequently purchase New Securities sold by the Company subject to Section 3.4 hereof.
Ongoing Right. The exercise or non-exercise of the rights of the Investors hereunder to participate in one or more sales of Stock made by the Stockholders shall not adversely affect their rights to participate in subsequent Stock sales by the Stockholders subject to Section 1.3 hereof.
Ongoing Right. If Tenant does not exercise its Right of First Offer, then Landlord may request in writing as to whether (a) Tenant has no interest in leasing the ROFO Space at any lease rate or (b) Tenant would be interested in leasing the ROFO Space if the lease rate were less than 95% of the rate contained in the ROFO Notice Premises. If Tenant shall respond as provided in subpart (a), Landlord shall be free to lease the ROFO Space on any terms acceptable to Landlord. If Tenant responds as provided in subpart (b), Landlord may not lease all or any part of the space designated in the ROFO Notice on terms that are less than 95% if the terms set forth in the ROFO Notice without first reoffering such space to Tenant in accordance with this Section 8.