Common use of Option Termination Clause in Contracts

Option Termination. The Option Agreement, if not earlier terminated, is hereby terminated and of no further force and effect. Bunker Hill, BGHS, Hope Place and Seller hereby consent to the termination of the Option Agreement, including the termination of all put and call rights contained therein with respect to Seller's preferred equity interest in Bunker Hill contained therein.

Appears in 2 contracts

Sources: Purchase Agreement (Maguire Properties Inc), Purchase Agreement (Maguire Properties Inc)