Non-Terminating Right definition
Examples of Non-Terminating Right in a sentence
Such Continuous Non-Terminating Right of First Refusal shall terminate March 1, 2003.
In addition, if Tenant exercises the Continuous Non-Terminating Right of First Refusal to purchase the building, then Business Real Estate and CB ▇▇▇▇▇▇▇ ▇▇▇▇▇, Inc.
Tenant shall be granted a Continuous Non-Terminating Right of First Refusal to Purchase the property during years one (1), two (2) and three (3) of the initial Lease Term.
The purchase price during each period shall be as follows: Year 1: $4,498,218 (60,244 square feet × $.56 per square foot per month × 12 ÷ 9%) Year 2: $4,678,725 (60,244 square feet × $.576 per square foot per month × 12 ÷ 8.9%) Year 3: $4,879,764 (60,244 square feet × $.594 per square foot per month × 12 ÷ 8.8%) This Continuous Non-Terminating Right of First Refusal pricing structure is agreed to by Landlord and Tenant and shall not change regardless of any third party offering price.
Tenant shall then have ten (10) business days in which to respond of its intent to exercise said Continuous Non-Terminating Right of First Refusal to Purchase.