Common use of Break Option Clause in Contracts

Break Option. The Lessee and the Lessor have agreed a one-off break option after 3 (three) years (on 1 January 2019). The Lessee is therefore entitled to give notice to terminate its lease of the Leased Property no later than 31 December 2017. In that case, the rental period shall terminate on 31 December 2018.

Appears in 2 contracts

Sources: Lease Agreement, Lease Agreement (ProQR Therapeutics N.V.)