Common use of Judicial Council’s Failure to Exercise its Right of First Refusal Clause in Contracts

Judicial Council’s Failure to Exercise its Right of First Refusal. The Judicial Council’s failure to notify the owner of the System within the said sixty (60) calendar day period shall thereby waive the Judicial Council’s right of first refusal in that instance, but not as to any subsequent offer, and the owner of the System then may sell the System to the offering party, provided that said sale is (i) on the same terms and conditions in Licensee's notice to the Judicial Council, (ii) for not less than the price set forth in the offer to the Judicial Council, (iii) conditioned on the offering party’s agreement to be bound by all terms of this SLA, including the Judicial Council’s right of first offer and first refusal, and (iv) otherwise in conformance with the conditions of assignment as provided in this SLA.

Judicial Council’s Failure to Exercise its Right of First Refusal. The Judicial Council’s failure to notify the owner of the System within the said sixty (60) calendar day period shall thereby waive the Judicial Council’s right of first refusal in that instance, but not as to any subsequent offer, and the owner of the System then may sell the System to the offering party, provided that said sale is (i) on the same terms and conditions in Licensee's ’s notice to the Judicial Council, (ii) for not less than the price set forth in the offer to the Judicial Council, (iii) conditioned on the offering party’s agreement to be bound by all terms of this SLA, including the Judicial Council’s right of first offer and first refusal, and (iv) otherwise in conformance with the conditions of assignment as provided in this SLA.

Judicial Council’s Failure to Exercise its Right of First Refusal. The Judicial Council’s failure to notify the owner of the System within the said sixty (60) calendar day period shall thereby waive the Judicial Council’s right of first refusal in that instance, but not as to any subsequent offer, and the owner of the System then may sell the System to the offering party, provided that said sale is (i) on the same terms and conditions in Licensee's ’s notice to the Judicial Council, (ii) for not less than the price set forth in the offer to the Judicial Council, (iii) conditioned on the offering party’s agreement to be bound by all terms of this SLA, including the Judicial Council’s right of first offer and first refusal, and (iv) otherwise in conformance with the conditions of assignment as provided in this SLA.SLA.‌