Option Terms definition

Option Terms. Lessee is hereby granted the right and option to extend this Lease for the additional term or terms as provided in Section 1.03c (herein "Option Term" or "Option Terms") commencing at the expiration of the Initial Term at a mutually agreeable increase. Such option is granted upon the following terms and conditions: a. The Option Term(s) shall be on the same terms, covenants, conditions, provisions and agreements as in this Lease and any amendments thereto except for forgiveness of Base Rent, if applicable. b. Lessee duly and regularly pays the rent and all other amounts required to be paid pursuant to this Lease and performs each and every covenant, provision and agreement on the part of the Lessee to be paid, rendered, observed and performed herein. c. Lessee gives to Lessor and ▇▇▇▇▇r receives from Lesse▇ ▇▇▇▇ten notice of the exercise of each option to extend this Lease no earlier than nine (9) months and no later than six (6) months prior to the expiration of the term immediately preceding the Option Term(s) to be exercised, time being of the essence. If said notification is not given and received, the option to be exercised shall automatically expire. Failure to exercise the first option shall result in automatic expiration of the second if one so exists.

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Option Terms means the Exercise Prices, the maximum number of Shares that the Executive may purchase pursuant to the terms of the Option, and the other terms and conditions of the Option.

Option Terms means the terms of the WHL Options as set out in SCHEDULE 1.

Examples of Option Terms in a sentence

• Accordingly, the parties agree that any Option Term(s) is contingent upon the appropriation of funds by the City.

• As applicable, candidate’s local presence to Home Base: (Proposer to include a statement of Candidate’s place of residence during the Initial Term and all Option Terms.) For Work that does not require onsite presence (i.e., can be performed remotely, proximity to the Home Base may be less important.

• Candidate availability for the duration of the project including Initial Term and all Option Terms: (Proposer to include a statement of proposed candidate’s availability during the Initial Term and all Option Terms for the project, including the ability to fulfill the hours specified in the Deliverables To Be Provided for Initial Term, and any subsequent Option Term, of the RFO Part I.

• Artist agrees that G2 is the owner of any and all artwork, LP jacket art, and promotional artistic renderings undertaken or completed within the Option Terms of this Agreement.

• If City and Lessee exercise Option Terms or negotiate a new Lease after the expiration or earlier termination of this Lease, there shall be no requirement to remove its building, furniture, fixtures and equipment from the Premises.

More Definitions of Option Terms

Option Terms have the meanings set forth in Section 2.2.

Option Terms. The Tenant has the right to purchase the leased property for $ 70,000.00 until 30 November 2006.

Option Terms means up one (1) two-year extensions to the term of this Lease.

Option Terms shall be as defined in Section 2.6(a) -------------- hereof.

Option Terms means the Suite C Option Term, collectively with the Suites A, B and C-1 Option Terms.

Option Terms. With respect to each Tranche, two (2) options to renew for a period of five (5) years each, as more particularly set forth in Section 2.2 of this Lease.

Option Terms means the terms set out in Schedule 1.