Common use of Licensor’s Option Clause in Contracts

Licensor’s Option. Licensor shall have the option, at Licensor’s sole discretion, to terminate this License at any time within three (3) years of the date of this Agreement upon written notice to Licensee. In the event that Licensor exercises this option, Licensor shall pay to Licensee a sum equal to Two Hundred Percent (200%) of the License Fee paid by Licensee. Upon Licensor’s exercise of the option, Licensee must immediately remove the New Song from any and all digital and physical distribution channels and must immediately cease access to any streams and/or downloads of the New Song by the general public.

Licensor’s Option. Licensor shall have the option, at Licensor’s 's sole discretion, to terminate this License at any time within three (3) years of the date of this Agreement upon written notice to Licensee. In the event that Licensor exercises this option, Licensor shall pay to Licensee a sum equal to Two Hundred Percent (200%) of the License Fee paid by Licensee. Upon Licensor’s 's exercise of the option, Licensee must immediately remove the New Song from any and all digital and physical distribution channels and must immediately cease access to any streams and/or downloads of the New Song by the general public.

Licensor’s Option. Licensor shall have the option, at Licensor’s sole discretion, to terminate this License at any time within three two (32) years of the date of this Agreement upon written notice to Licensee. In the event that Licensor exercises this option, Licensor shall pay to Licensee a sum equal to Two Hundred Percent (200%) of the License Fee paid by Licensee. Upon Licensor’s exercise of the option, Licensee must immediately remove the New Song from any and all digital and physical distribution channels and must immediately cease access to any streams and/or downloads of the New Song by the general public.

Licensor’s Option. Licensor shall have the option, at Licensor’s sole discretion, to terminate this License at any time within Within three (3) years of the date of this Agreement upon written Agreement, the Licensor may choose to terminate this License at any time by giving writing notice to the Licensee. In If the event that Licensor exercises chooses to exercise this option, the Licensor shall pay to will reimburse the Licensee a sum for the license fee paid by the Licensee in an amount equal to Two Hundred Percent 200 percent (200%) of that amount. The New Song must be removed from all physical and digital distribution channels as soon as the License Fee paid by Licensee. Upon Licensor’s exercise of Licensor exercises the option, and Licensee must immediately remove stop allowing the general public to stream or download the New Song from any and all digital and physical distribution channels and must immediately cease access to any streams and/or downloads of the New Song by the general publicSong.

Licensor’s Option. Licensor shall have the option, at Licensor’s sole discretion, to terminate this License at any time within three two (3w) years of the date of this Agreement upon written notice to Licensee. In the event that Licensor exercises this option, Licensor shall pay to Licensee a sum equal to Two Hundred Percent (200%) of the License Fee paid by Licensee. Upon Licensor’s exercise of the option, Licensee must immediately remove the New Song from any and all digital and physical distribution channels and must immediately cease access to any streams and/or downloads of the New Song by the general public.

Licensor’s Option. Licensor shall have the option, at Licensor’s sole discretion, to terminate this License at any time within three Three (3) years of the date of this Agreement upon written notice to Licensee. In the event that Licensor exercises this option, Licensor shall pay to Licensee a sum equal to Two Hundred Percent (200%) of the License Fee paid by Licensee. Upon Licensor’s exercise of the option, Licensee must immediately remove the New Song from any and all digital and physical distribution channels and must immediately cease access to any streams and/or downloads of the New Song by the general public.

Licensor’s Option. Licensor shall have the option, at Licensor’s sole discretion, to terminate this License at any time within three five (35) years of the date of this Agreement upon written notice to Licensee. In the event that Licensor exercises this option, Licensor shall pay to Licensee a sum equal to Two Hundred Percent (200%) of the License Fee paid by Licensee. Upon Licensor’s exercise of the option, Licensee must immediately remove the New Song from any and all digital and physical distribution channels and must immediately cease access to any streams and/or downloads of the New Song by the general public.