Common use of Break options Clause in Contracts

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.

Appears in 2 contracts

Sources: Listing Agreement, Listing Agreement