{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "upon-the-occurrence-and-during", "type": "clause", "offset": [0, 30]}, {"key": "continuation-of", "type": "clause", "offset": [35, 50]}, {"key": "purchase-and-sale-termination-event", "type": "definition", "offset": [53, 88]}, {"key": "the-buyer", "type": "clause", "offset": [90, 99]}, {"key": "the-servicer", "type": "definition", "offset": [109, 121]}, {"key": "agent-shall", "type": "definition", "offset": [177, 188]}, {"key": "the-option", "type": "clause", "offset": [194, 204]}, {"key": "notice-to-the", "type": "clause", "offset": [209, 222]}, {"key": "with-a-copy-to", "type": "clause", "offset": [236, 250]}, {"key": "the-administrative-agent-and-the-lenders", "type": "clause", "offset": [251, 291]}, {"key": "the-purchase-facility", "type": "clause", "offset": [305, 326]}], "samples": [{"hash": "NAg8ljVtcq", "uri": "/contracts/NAg8ljVtcq#optional-termination", "label": "Purchase and Sale Agreement (Core Natural Resources, Inc.)", "score": 36.5783691406, "published": true}, {"hash": "9S0wrpqiy5j", "uri": "/contracts/9S0wrpqiy5j#optional-termination", "label": "Purchase and Sale Agreement (Mallinckrodt PLC)", "score": 34.6783027649, "published": true}, {"hash": "bIJLQk0yNvm", "uri": "/contracts/bIJLQk0yNvm#optional-termination", "label": "Purchase and Sale Agreement (Sylvamo Corp)", "score": 33.752910614, "published": true}], "snippet": "Upon the occurrence and during the continuation of a Purchase and Sale Termination Event, the Buyer (and not the Servicer), with the prior written consent of the Administrative Agent shall have the option, by notice to the Originators (with a copy to the Administrative Agent and the Lenders), to declare the Purchase Facility terminated.", "size": 88, "hash": "e57137b4f8a4ef0da3aa975a99e9a992", "id": 1}, {"snippet_links": [{"key": "agreement-may-be-terminated", "type": "clause", "offset": [5, 32]}, {"key": "at-any-time", "type": "clause", "offset": [71, 82]}, 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"occurrence-or-event", "type": "clause", "offset": [1263, 1282]}, {"key": "in-the-aggregate", "type": "definition", "offset": [1306, 1322]}, {"key": "reasonably-believes", "type": "definition", "offset": [1356, 1375]}, {"key": "seller-shall", "type": "clause", "offset": [1495, 1507]}, {"key": "right-to-terminate-this-agreement", "type": "clause", "offset": [1516, 1549]}, {"key": "breach-of-this-agreement", "type": "clause", "offset": [1629, 1653]}, {"key": "seller-or-buyer", "type": "clause", "offset": [1657, 1672]}, {"key": "pursuant-to-section", "type": "clause", "offset": [1734, 1753]}, {"key": "with-respect-to", "type": "clause", "offset": [1761, 1776]}, {"key": "business-days-of", "type": "clause", "offset": [1826, 1842]}, {"key": "notice-of-the", "type": "clause", "offset": [1853, 1866]}, {"key": "by-buyer-or-seller", "type": "clause", "offset": [1916, 1934]}, {"key": "competent-jurisdiction", "type": "clause", "offset": [1969, 1991]}, {"key": "consummation-of-the-transactions", "type": "clause", "offset": [2003, 2035]}, {"key": "otherwise-prohibited", "type": "definition", "offset": [2047, 2067]}, {"key": "execution-version", "type": "definition", "offset": [2069, 2086]}], "samples": [{"hash": "33EUwU22SNw", "uri": "/contracts/33EUwU22SNw#optional-termination", "label": "Asset Purchase Agreement (Alimera Sciences Inc)", "score": 21.2874736786, "published": true}, {"hash": "uEqZCMmONy", "uri": "/contracts/uEqZCMmONy#optional-termination", "label": "Asset Purchase Agreement (Alimera Sciences Inc)", "score": 21.0, "published": true}, {"hash": "etF0hF5OYjT", "uri": "/contracts/etF0hF5OYjT#optional-termination", "label": "Asset Purchase Agreement (Alimera Sciences Inc)", "score": 21.0, "published": true}], "snippet": "This Agreement may be terminated and the Transactions may be abandoned at any time before completion of the Closing:\n10.1.1 by mutual agreement of Buyer and Seller;\n10.1.2 by Seller if Buyer breaches any of its respective representations, covenants or agreements contained in this Agreement, which breach would give rise to the failure of a condition set forth in Section 7.2.1, and such breach shall not have been cured or eliminated (or by its nature cannot be cured or eliminated) by Buyer on or before September 1, 2007 (the \u201cExtended Closing Date\u201d), provided that Seller is not then in material breach of any applicable provision of this Agreement;\n10.1.3 subject to Section 10.2, by Buyer, (a) if Seller breaches any of its respective representations, warranties, covenants or agreements contained in this Agreement, which breach would give rise to the failure of a condition set forth in Section 7.1.1 and such breach shall not have been cured or eliminated (or by its nature cannot be cured or eliminated) by Seller on or before the Extended Closing Date provided that Buyer is not then in material breach of any applicable provision of this Agreement, or (b) upon the occurrence of a Material Adverse Change; or\n10.1.4 by Seller upon the happening of an occurrence or event which, individually or in the aggregate, has resulted in or which Seller reasonably believes will result in a Material Adverse Change that cannot or will not be cured by the Extended Closing Date, provided, that Seller shall have no right to terminate this Agreement pursuant to this Section 10.1.4 if such occurrence or event is the result of a breach of this Agreement by Seller or Buyer has irrevocably waived its right to terminate this Agreement pursuant to Section 10.1.3 with respect to such Material Adverse Change within fifteen (15) business days of receiving notice of the happening of such occurrence or event; or\n10.1.5 by Buyer or Seller, if there shall be any Law of any competent jurisdiction that makes consummation of the Transactions illegal or otherwise prohibited. Execution Version", "size": 28, "hash": "bf189b28fc3e8026e65993a22c4eb372", "id": 7}, {"snippet_links": [{"key": "terminate-this-agreement", "type": "clause", "offset": [25, 49]}, {"key": "without-cause", "type": "clause", "offset": [51, 64]}, {"key": "notice-to-the", "type": "clause", "offset": [98, 111]}, {"key": "other-party", "type": "definition", "offset": [112, 123]}], "samples": [{"hash": "8X3tZ5ZrotT", "uri": "/contracts/8X3tZ5ZrotT#optional-termination", "label": "Law Enforcement Services Agreement", "score": 29.3720397949, "published": true}, {"hash": "hLDHYBIaEus", "uri": "/contracts/hLDHYBIaEus#optional-termination", "label": "Law Enforcement Services Agreement", "score": 28.1260986328, "published": true}, {"hash": "koINxhrp8xl", "uri": "/contracts/koINxhrp8xl#optional-termination", "label": "County Agreement", "score": 27.3664112091, "published": true}], "snippet": "8 COUNTY or DISTRICT may terminate this Agreement, without cause, upon 9 thirty (30) days written notice to the other party.", "size": 49, "hash": "c176b71f606d9d3a23178f5547b29ad7", "id": 3}, {"snippet_links": [{"key": "termination-of-the-trust", "type": "clause", "offset": [4, 28]}, {"key": "in-connection-with", "type": "clause", "offset": [47, 65]}, {"key": "of-the-mortgage-loans", "type": "clause", "offset": [79, 100]}, {"key": "pursuant-to-section", "type": "clause", "offset": [101, 120]}], "samples": [{"hash": "kGXKDRfx5nt", "uri": "/contracts/kGXKDRfx5nt#optional-termination", "label": "Pooling and Servicing Agreement (Mastr Second Lien Trust 2005-1)", "score": 19.0, "published": true}, {"hash": "fx0DsPFDjEp", "uri": "/contracts/fx0DsPFDjEp#optional-termination", "label": "Pooling and Servicing Agreement (Mastr Alternative Loan Trust 2005-4)", "score": 19.0, "published": true}, {"hash": "dTIVTHfcMC9", "uri": "/contracts/dTIVTHfcMC9#optional-termination", "label": "Pooling and Servicing Agreement (Mastr Alternative Loan Trust 2005-2)", "score": 19.0, "published": true}], "snippet": "The termination of the Trust created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 10.01(a) hereof.", "size": 25, "hash": "2e1ff8586b4504c3025713d4d1d01c4a", "id": 9}, {"snippet_links": [{"key": "termination-of-the-trust-fund", "type": "clause", "offset": [4, 33]}, {"key": "purchase-of", "type": "clause", "offset": [71, 82]}, {"key": "of-the-mortgage-loans", "type": "clause", "offset": [87, 108]}, {"key": "reo-property", "type": "clause", "offset": [117, 129]}, {"key": "the-last-sentence", "type": "clause", "offset": [142, 159]}], "samples": [{"hash": "lCpr46sYUQt", "uri": "/contracts/lCpr46sYUQt#optional-termination", "label": "Pooling and Servicing Agreement", "score": 29.5277271271, "published": true}, {"hash": "h5WEA9FmRAy", "uri": "/contracts/h5WEA9FmRAy#optional-termination", "label": "Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2004-Bo1)", "score": 21.0, "published": true}, {"hash": "gZmDXFJSEfh", "uri": "/contracts/gZmDXFJSEfh#optional-termination", "label": "Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Trust 2003-Sd2)", "score": 21.0, "published": true}], "snippet": "The termination of the Trust Fund created hereunder as a result of the purchase of all of the Mortgage Loans and any REO Property pursuant to the last sentence of Section 10.01 hereof.", "size": 85, "hash": "a36715b7bb439224ee0fb62cf324b5b5", "id": 2}, {"snippet_links": [], "samples": [{"hash": "kYiD2arUP0t", "uri": "/contracts/kYiD2arUP0t#optional-termination", "label": "Sale and Servicing Agreement (Painewebber Mort Accept Corp Iv Empire Funding 1999-1)", "score": 18.0, "published": true}, {"hash": "cRPwhNHoSLS", "uri": "/contracts/cRPwhNHoSLS#optional-termination", "label": "Sale and Servicing Agreement (Master Financial Asset Securitization Trust 1998-2)", "score": 18.0, "published": true}, {"hash": "cOGokQfnxmU", "uri": "/contracts/cOGokQfnxmU#optional-termination", "label": "Sale and Servicing Agreement (Empire Funding Home Loan Owner Trust 1998-1)", "score": 18.0, "published": true}], "snippet": "Section 11.03", "size": 45, "hash": "26aa3473645cf75dcad507347abd5f72", "id": 4}, {"snippet_links": [{"key": "outstanding-amount", "type": "clause", "offset": [37, 55]}, {"key": "equal-to", "type": "definition", "offset": [59, 67]}, {"key": "initial-note-balance", "type": "definition", "offset": [91, 111]}, {"key": "after-giving", "type": "clause", "offset": [113, 125]}, {"key": "principal-payments", "type": "definition", "offset": [140, 158]}, {"key": "option-to-purchase", "type": "definition", "offset": [208, 226]}, {"key": "a-exchange", "type": "definition", "offset": [236, 246]}, {"key": "to-exercise", "type": "clause", "offset": [278, 289]}, {"key": "notify-the", "type": "clause", "offset": [325, 335]}, {"key": "the-collateral-agent", "type": "definition", "offset": [346, 366]}, {"key": "the-administrative-agent", "type": "definition", "offset": [368, 392]}, {"key": "the-indenture-trustee", "type": "clause", "offset": [397, 418]}, {"key": "prior-to-the", "type": "clause", "offset": [481, 493]}, {"key": "related-payment-date", "type": "definition", "offset": [494, 514]}, {"key": "exchange-note-collection-account", "type": "clause", "offset": [546, 578]}, {"key": "exchange-note-purchase-price", "type": "definition", "offset": [609, 637]}, {"key": "abs-notes", "type": "definition", "offset": [650, 659]}, {"key": "in-accordance-with", "type": "clause", "offset": [678, 696]}, {"key": "purchase-of-the", "type": "clause", "offset": [738, 753]}, {"key": "by-the-servicer", "type": "clause", "offset": [775, 790]}, {"key": "redemption-of-the-notes", "type": "clause", "offset": [825, 848]}, {"key": "payment-of", "type": "clause", "offset": [857, 867]}, {"key": "issuer-obligations", "type": "clause", "offset": [872, 890]}, {"key": "pursuant-to-section", "type": "clause", "offset": [900, 919]}, {"key": "basic-collateral-agency-agreement", "type": "definition", "offset": [932, 965]}, {"key": "the-borrower-shall", "type": "clause", "offset": [967, 985]}, {"key": "a-leases", "type": "clause", "offset": [1031, 1039]}, {"key": "revolving-facility-pool", "type": "definition", "offset": [1088, 1111]}], "samples": [{"hash": "9USvJavbAaz", "uri": "/contracts/9USvJavbAaz#optional-termination", "label": "Servicing Supplement (Mercedes-Benz Auto Lease Trust 2023-A)", "score": 34.4072570801, "published": true}, {"hash": "et0yH0W7tyJ", "uri": "/contracts/et0yH0W7tyJ#optional-termination", "label": "Servicing Supplement (Mercedes-Benz Auto Lease Trust 2023-A)", "score": 34.3661880493, "published": true}], "snippet": "(a) On any Payment Date on which the Outstanding Amount is equal to or less than 5% of the Initial Note Balance, after giving effect to all principal payments on such Payment Date, the Servicer will have the option to purchase the 2023-A Exchange Note in whole but not in part. To exercise such option, the Servicer will (i) notify the Borrower, the Collateral Agent, the Administrative Agent and the Indenture Trustee of such election not fewer than ten and not more than 30 days prior to the related Payment Date and (ii) deposit in the 2023-A Exchange Note Collection Account an amount equal to the 2023-A Exchange Note Purchase Price. The 2023-A ABS Notes shall be redeemed in accordance with Section 10.01 of the Indenture.\n(b) Upon purchase of the 2023-A Exchange Note by the Servicer pursuant to this Section and upon redemption of the Notes and the payment of all Issuer Obligations in full, pursuant to Section 4.06 of the Basic Collateral Agency Agreement, the Borrower shall cancel the 2023-A Exchange Note and the 2023-A Leases and 2023-A Vehicles shall be reallocated to the Revolving Facility Pool.", "size": 41, "hash": "9df2b1064bf02685ccbc26a9f1847f68", "id": 5}, {"snippet_links": [{"key": "master-servicer-remittance-date", "type": "definition", "offset": [11, 42]}, {"key": "initial-optional-termination-date", "type": "definition", "offset": [59, 92]}, {"key": "the-master-servicer", "type": "definition", "offset": [94, 113]}, {"key": "the-purchase", "type": "clause", "offset": [154, 166]}, {"key": "all-property", "type": "definition", "offset": [233, 245]}, {"key": "in-respect-of", "type": "definition", "offset": [267, 280]}, {"key": "deed-in-lieu-of-foreclosure", "type": "definition", "offset": [315, 342]}, {"key": "the-trust-estate", "type": "clause", "offset": [375, 391]}, {"key": "equal-to", "type": "definition", "offset": [403, 411]}, {"key": "principal-balances", "type": "definition", "offset": [444, 462]}, {"key": "of-the-mortgage-loans", "type": "clause", "offset": [463, 484]}, {"key": "reo-property", "type": "clause", "offset": [500, 512]}, {"key": "day-of", "type": "clause", "offset": [524, 530]}, {"key": "master-servicer-custodial-account", "type": "definition", "offset": [572, 605]}, {"key": "asset-proceeds-account", "type": "definition", "offset": [613, 635]}, {"key": "collections-of-principal", "type": "definition", "offset": [649, 673]}, {"key": "the-current", "type": "clause", "offset": [703, 714]}, {"key": "remittance-period", "type": "definition", "offset": [715, 732]}, {"key": "one-month", "type": "clause", "offset": [739, 748]}, {"key": "interest-on", "type": "definition", "offset": [751, 762]}, {"key": "in-all-cases", "type": "clause", "offset": [781, 793]}, {"key": "all-accrued", "type": "clause", "offset": [794, 805]}, {"key": "master-servicing-fees", "type": "definition", "offset": [836, 857]}, {"key": "aggregate-amount", "type": "clause", "offset": [867, 883]}, {"key": "unreimbursed-advances", "type": "definition", "offset": [891, 912]}, {"key": "the-servicer", "type": "definition", "offset": [936, 948]}, {"key": "purchase-amount", "type": "definition", "offset": [1027, 1042]}, {"key": "group-ii-certificates", "type": "definition", "offset": [1089, 1110]}, {"key": "in-connection-with", "type": "clause", "offset": [1120, 1138]}, {"key": "to-the-trustee", "type": "clause", "offset": [1186, 1200]}, {"key": "on-deposit", "type": "definition", "offset": [1218, 1228]}, {"key": "trustee-shall", "type": "definition", "offset": [1463, 1476]}, {"key": "each-remic", "type": "definition", "offset": [1490, 1500]}, {"key": "plan-of", "type": "definition", "offset": [1526, 1533]}, {"key": "complete-liquidation", "type": "clause", "offset": [1534, 1554]}, {"key": "the-code", "type": "clause", "offset": [1596, 1604]}, {"key": "prepared-by", "type": "definition", "offset": [1612, 1623]}, {"key": "provide-to", "type": "clause", "offset": [1655, 1665]}, {"key": "an-opinion-of-counsel", "type": "clause", "offset": [1678, 1699]}, {"key": "federal-income-tax-matters", "type": "clause", "offset": [1715, 1741]}, {"key": "qualified-liquidation", "type": "definition", "offset": [1850, 1871]}, {"key": "in-addition", "type": "clause", "offset": [1873, 1884]}, {"key": "preference-payment", "type": "definition", "offset": [2054, 2072]}, {"key": "united-states-bankruptcy-code", "type": "definition", "offset": [2089, 2118]}, {"key": "promptly-following", "type": "clause", "offset": [2124, 2142]}, {"key": "trustee-mortgage-loan-file", "type": "definition", "offset": [2217, 2243]}], "samples": [{"hash": "fwA1JaifTV7", "uri": "/contracts/fwA1JaifTV7#optional-termination", "label": "Trust Agreement (Saxon Asset Securities Co)", "score": 18.0, "published": true}, {"hash": "bWPzKHJNhco", "uri": "/contracts/bWPzKHJNhco#optional-termination", "label": "Trust Agreement (Saxon Asset Securities Co)", "score": 18.0, "published": true}, {"hash": "5yeDy8lp3TP", "uri": "/contracts/5yeDy8lp3TP#optional-termination", "label": "Trust Agreement (Saxon Asset Securities Co)", "score": 18.0, "published": true}], "snippet": "(a) On any Master Servicer Remittance Date on or after the Initial Optional Termination Date, the Master Servicer may determine to purchase and may cause the purchase from the Trust of all (but not fewer than all) Mortgage Loans and all property theretofore acquired in respect of any Mortgage Loan by foreclosure, deed in lieu of foreclosure, or otherwise then remaining in the Trust Estate at a price equal to 100% of the aggregate Scheduled Principal Balances of the Mortgage Loans (including any REO Property) as of the day of purchase minus amounts remitted from the Master Servicer Custodial Account to the Asset Proceeds Account representing collections of principal on the Mortgage Loans during the current Remittance Period, plus one month's interest on such amount, plus in all cases all accrued and unpaid Servicing Fees and Master Servicing Fees plus the aggregate amount of any unreimbursed Advances and any Advances which the Servicer or the Master Servicer has theretofore failed to remit; but in any event such purchase amount shall be sufficient to retire all Group I and Group II Certificates in full. In connection with such purchase, the Master Servicer shall remit to the Trustee all amounts then on deposit in the Master Servicer Custodial Account for deposit to the Asset Proceeds Account, which deposit shall be deemed to have occurred immediately preceding such purchase.\n(b) The Master Servicer shall direct the Trustee to adopt and the Trustee shall adopt, as to each REMIC established hereunder, a plan of complete liquidation as contemplated by Section 860F(a)(4) of the Code and as prepared by the Master Servicer, and shall provide to the Trustee an Opinion of Counsel experienced in federal income tax matters acceptable to the Trustee to the effect that such purchase and liquidation constitutes, as to each REMIC, a Qualified Liquidation. In addition, the Master Servicer shall provide to the Trustee an Opinion of Counsel acceptable to the Trustee to the effect that such purchase and liquidation does not constitute a preference payment pursuant to the United States Bankruptcy Code.\n(c) Promptly following any purchase described in this Section 5.04, the Trustee will release the Trustee Mortgage Loan File to the Master Servicer or otherwise upon its order.", "size": 29, "hash": "384d4d5b928f8cc46c5f4a5607d8cc06", "id": 6}, {"snippet_links": [{"key": "the-collateral-agent", "type": "definition", "offset": [15, 35]}, {"key": "the-facility-agent", "type": "clause", "offset": [39, 57]}, {"key": "direction-of-the-required-lenders", "type": "definition", "offset": [87, 120]}, {"key": "an-event-of-default", "type": "definition", "offset": [127, 146]}, {"key": "default-described", "type": "clause", "offset": [171, 188]}, {"key": "revolving-period", "type": "definition", "offset": [227, 243]}, {"key": "no-advances", "type": 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"/contracts/8h4x98X1xPm#optional-termination", "label": "Loan Financing and Servicing Agreement (Oaktree Specialty Lending Corp)", "score": 32.2114982605, "published": true}], "snippet": "Upon notice by the Collateral Agent or the Facility Agent (acting on its own or at the direction of the Required Lenders) that an Event of Default (other than an Event of Default described in Section 13.1(d)) has occurred, the Revolving Period will automatically terminate and no Advances will thereafter be made, and the Collateral Agent (at the direction of the Facility Agent) or the Required Lenders may declare all or any portion of the outstanding principal amount of the Advances and other Obligations to be due and payable, whereupon the full unpaid amount of such Advances and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment (all of which are hereby expressly waived by the Borrower) and the Facility Termination Date shall be deemed to have occurred.", "size": 27, "hash": "e317fa64fe6f2b145061f4a5e48602e8", "id": 8}, {"snippet_links": [{"key": "of-the-mortgage-loans", "type": "clause", "offset": [13, 34]}, {"key": "pursuant-to-section", "type": "clause", "offset": [35, 54]}], "samples": [{"hash": "cPsPvCSTMEy", "uri": "/contracts/cPsPvCSTMEy#optional-termination", "label": "Pooling and Servicing Agreement", "score": 29.3408622742, "published": true}, {"hash": "1rY6WJF9pso", "uri": "/contracts/1rY6WJF9pso#optional-termination", "label": "Pooling and Servicing Agreement (MASTR Seasoned Securitization Trust 2004-1)", "score": 21.0, "published": true}, {"hash": "liFcPRcRfBZ", "uri": "/contracts/liFcPRcRfBZ#optional-termination", "label": "Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2004-6)", "score": 19.0, "published": true}], "snippet": "The purchase of the Mortgage Loans pursuant to Section 10.01(a) hereof.", "size": 24, "hash": "dcdd3cdc82dee31ae2dbc9bf38a86d22", "id": 10}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih1vcHRpb25hbC10ZXJtaW5hdGlvbiMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"children": [["", ""], ["monthly-reports", "Monthly Reports"], ["amendments-etc", "Amendments, etc"], ["procedure-upon-optional-termination", "Procedure Upon Optional Termination"], ["indemnities-by-the-originators", "Indemnities by the Originators"]], "size": 1186, "title": "Optional Termination", "parents": [["termination", "Termination"], ["remedies", "Remedies"], ["purchase-and-sale-termination-events", "Purchase and Sale Termination Events"], ["effect-of-event-of-default", "Effect of Event of Default"], ["remittances", "Remittances"]], "id": "optional-termination", "related": [["additional-termination-rights", "Additional Termination Rights", "Additional Termination Rights"], ["final-termination", "Final Termination", "Final Termination"], ["effect-of-optional-termination", "EFFECT OF OPTIONAL TERMINATION", "EFFECT OF <strong>OPTIONAL TERMINATION</strong>"], ["additional-termination-event", "Additional Termination Event", "Additional Termination Event"], ["term-termination", "Term Termination", "Term Termination"]], "related_snippets": [], "updated": "2026-05-10T05:39:37+00:00", "also_ask": [], "drafting_tip": "Specify triggering events, set clear notice requirements, and outline consequences to prevent disputes and ensure enforceability.", "explanation": "The Optional Termination clause allows one or both parties to end the agreement before its scheduled expiration, typically without needing to prove a breach or default. This clause usually outlines the conditions under which early termination can occur, such as providing advance written notice or paying a termination fee. Its core function is to provide flexibility, enabling parties to exit the contract if circumstances change, thereby reducing long-term risk and commitment."}, "json": true, "cursor": ""}}