Common use of Right of First Refusal or Contract Approval Clause in Contracts

Right of First Refusal or Contract Approval. If there is a right of first refusal on the Property or a right to approve 388 this Contract, Seller must promptly submit this Contract according to the terms and conditions of such right. If the holder of the right 389 of first refusal exercises such right or the holder of a right to approve disapproves this Contract, this Contract will terminate. If the 390 right of first refusal is waived explicitly or expires, or the Contract is approved, this Contract will remain in full force and effect.

Right of First Refusal or Contract Approval. If there is a right of first refusal on the Property or a right to approve 388 374 this Contract, Seller must promptly submit this Contract according to the terms and conditions of such right. If the holder of the right 389 375 of first refusal exercises such right or the holder of a right to approve disapproves this Contract, this Contract will terminate. If the 390 376 right of first refusal is waived explicitly or expires, or the Contract is approved, this Contract will remain in full force and effect.