Early Termination Option definition

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

Early Termination Option means the 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 shall have the meaning provided in Section 14.1(a).

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.

• Tenant is required to conform to all other terms of the lease or the Early Termination Option will be forfeit and the tenant will be responsible for the full amount of rent as allowed by the lease.

• If Tenant does not properly exercise the Early Termination Option by following the procedure exactly as specified above, or Tenant elects not to exercise the Early Termination Option, but vacates the Premises before the Termination Date, all Lease terms shall remain binding (including the original Termination Date), and Landlord will retain all legal remedies for a Tenant breach of this Lease.

• To exercise the Early Termination Option, Landlord must deliver to Tenant, a written notice stating that Landlord has elected to exercise the Early Termination Option and identifying the date of such early termination, but in no event, shall the date be less than sixty (60) days from the date of the written notice (“Early Termination Date”).

More Definitions of Early Termination Option

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

Early Termination Option means the Lessee’s option to purchase the Subject Property in accordance with the provisions of Section 18.1 of the Lease.

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 means the Lessee's option to purchase the Leased Property in accordance with the provisions of Section 18.1 of the Lease.

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

Early Termination Option has the meaning provided in Section 4.2.

Early Termination Option is defined in Article 17.