Common use of Third-Party Exercise Clause in Contracts

Third-Party Exercise. If a third party gives notice of its intent to exercise a preferential right to purchase any of the Assets, the affected Assets will not be sold to Buyer. Any preferential purchase right must be exercised subject to and on the same terms and conditions of this Agreement.

Third-Party Exercise. If a third party gives notice of its intent to exercise a preferential right to purchase any of the Assets, the affected Assets Asset(s) will not be sold to BuyerBuyer and the Purchase Price will be reduced by the amount allocated to such Asset(s) on Exhibit A, Schedule 1. Any preferential purchase right must be exercised subject to and on the same terms and conditions of this Agreement.