Examples of Early Termination Option in a sentence

The term of a Two-Way Contract may not exceed two (2) Seasons in length and may not include any Option Year or Early Termination Option.
If this Early Termination Option is properly exercised, Tenant will deliver possession of the Property to Landlord on the Early Termination Date in accordance with the terms of this Lease and all other terms will apply as if this Lease had expired according to its terms.
Notwithstanding anything herein to the contrary, the Lessee shall not be permitted to exercise the Early Termination Option following the occurrence and during the continuance of an Event of Default unless it shall (i) elect the Early Termination Option on or before ten (10) Business Days following such Event of Default, and (ii) consummate the purchase of the Leased Property by Lessee (or its designee) before twenty (20) Business Days following such Event of Default.
Unless and until Lessee has exercised the Early Termination Option or the Purchase Option, no sublease may have a term that extends beyond the Base Term Expiration Date.
In the event Lessee shall elect the Early Termination Option with respect to all of the Items of Equipment, the obligation of Lessee to pay Rent hereunder shall cease and the term of this Lease shall end on the date of such payment.

More Definitions of Early Termination Option

Early Termination Option shall have the meaning provided in Section 20.1 of the Lease.

Early Termination Option has the meaning provided in Section 4.2.

Early Termination Option means Lessee’s option to purchase all, but not less than all, of the Leased Property in accordance with the provisions of Section 18.1 of the Lease.

Early Termination Option. (or “ETO”) means an option in favor of a player to shorten the stated term of a Player Contract in accordance with Article XII.

Early Termination Option shall have the meaning ascribed to it in Section 43.1 of this Lease.