Lease and Option Clause Samples
Lease and Option. 1.1 In consideration of China Net entering into this Agreement, Jiaertong agrees hereby to grant to China Net an exclusive leasehold interest in the Properties so that China Net may, during the term of this Agreement, conduct geological and exploratory work on the Properties, pursuant to a work plan to be agreed upon between the Parties.
1.2 Jiaertong further grants an exclusive option (the "Option") to China Net to earn an 60% interest in each of the Properties, subject to the terms and conditions hereunder, such option to be exercisable by China Net in writing any time during the term of this Agreement.
1.3 Jiaertong shall not, during the term of this Agreement, lease, transfer, assign, mortgage or sell any of its interest in the Properties to any third party, and shall not conduct any geological and exploratory work on the Properties, except with prior written consent from China Net.
Lease and Option a. A true and correct copy of the Golden Horseshoe Lease and of all amendments and modifications thereto; and
b. A true and correct copy of the T-Shirt Shop Option and of all amendments and modifications thereto.
Lease and Option. (i) BOARD leases to SOUTHERN the real estate described in Exhibit 1 attached hereto, and the use of the water surface of West Lake for the operation of an excursion gambling boat.
(ii) The BOARD also grants to SOUTHERN the option to lease the land described in Exhibit 2 attached hereto. Consideration for this lease shall be $100.00 per acre per year and shall be leased under the same terms and conditions. SOUTHERN shall exercise this option by giving BOARD written notice thereof. This option shall terminate three (3) years from the commencement date. After such time said real estate shall be subject to the right of first refusal set out below.
(iii) If the BOARD proposes to lease any of the remaining real estate under BOARD's control and adjoining the Lake, which is not included in Exhibit 1 or Exhibit 2, it grants SOUTHERN the right of first refusal to lease said real estate under the same terms and conditions as the proposed lease. BOARD shall notify SOUTHERN of its intent to lease said real estate and SOUTHERN shall exercise its first right of refusal within fifteen (15) days of receipt of said notice.
Lease and Option. At Closing, MTLM shall have received the Lease and the Option Agreement, executed by each of the parties thereto.
Lease and Option. Seller shall have executed and delivered the Lease and Option Agreement with respect to building owned by Seller in Wichita, KS (the "Wichita Property") substantially in the form annexed hereto as Exhibit E (the "Lease and Option Agreement").
Lease and Option. Buyer shall have executed and delivered the Lease and Option Agreement.
Lease and Option. Perpetual easement
Lease and Option