Break options Sample Clauses
Break options. Stadium has a break option under the lease agreements relating to the Norrköping Property. Under the main agreement with Stadium Sweden AB, the tenant has a right to prematurely terminate the lease agreement as per 1 January 2023, such notice to be given by 1 June 2021 at the latest. The tenant is further entitled to premature termination as per 1 January 2023 of the lease agreement with Stadium Solution AB and the lease agreement with Stadium Sweden AB, relating to the smaller part of the premises, with 12 months' notice, provided that the main agreement with Stadium Sweden AB is prematurely terminated.
Break options. 3.5.1 The Trust shall have options to terminate the Project Documents in their entirety:
(A) on 8th January, 2037.
(B) on 8th January, 2042.
(C) on 8th January, 2052.
3.5.2 The options referred to in Clause 3.5.1 shall each be exercisable by the Trust serving notice on the Project Co not less than 12 months before the relevant termination date.
Break options. Tenant has the option to break the tenancy at the end of the 5th year subject to 3 months’ notice or continue the tenancy for the remaining 5 years of the initial term granted above.
Break options. The Tenant has no break options during the lease period under the Lease Agreements.