Termination Option definition

Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver in the case of Seller or to receive and pay in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

Termination Option shall have the meaning assigned thereto in subsection 4.5(b).

Examples of Termination Option in a sentence

• Your continued acceptance or use of the Services after the Termination Option Period will indicate your acceptance of the increased fees.

• Paragraph 29 is amended such that (a) the term “Early Termination Date” shall mean April 30, 2033, (b) the Early Termination Notice must be delivered to Landlord not later than April 30, 2032 (in the event that Tenant elects to exercise the Early Termination Option, and (c) the term “Termination Fee” shall mean two years of Fixed Basic Rent from the Early Termination Date (at the rental rates set forth in the Fixed Basic Rent schedule).

• If Tenant does not timely deliver the 3rd Floor Early Termination Notice prior to June 1, 2025, then the 3rd Floor Early Termination Option shall expire, and Tenant shall have no further right to terminate the Lease with respect to the Existing Premises (except as is otherwise provided in Paragraph 29 of the Lease, as amended by Paragraph 21 of this First Amendment).

• For the avoidance of doubt, such Termination Option is a one-time option to terminate the Lease with respect to the entire Premises (including the Existing Premises, the Expansion Space, any ROFR Premises, and the Additional Expansion Space, as applicable, to the extent the same is leased during the Term).

• If you timely terminate the Services during the Termination Option Period, you will be responsible for the payment of all fees that accrue up to the termination date and all pre- approved, non-mitigatable expenses that we incurred in our provision of the Services through the date of termination (such as “per seat licensing costs”, as discussed below).

More Definitions of Termination Option

Termination Option has the meaning ascribed thereto in Section 8.

Termination Option means the option of either party to terminate a transaction in the event that the other party fans to perform a Firm obligation to deliver Gas in the case of Seller or to receive and make full and timely payment for Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation."

Termination Option. IDT may Close-Out any Credit-Enabled Transaction or Direct Transaction by paying to, or receiving from, BP an amount equal to the UMA Final Settlement Amount, calculated under the Master Netting Agreement for the Direct Transactions and Credit-Enabled Transactions being Closed-Out.

Termination Option. BCGI has a right to terminate a portion of their premises on the third anniversary of the Lease. Use: General office. Special Rights: None. Tenant: Diagnostic Laboratory Medicine Building: Building F14 Xxxxxx DriveBedford, Massachusetts Premises: 14,632 RSF on the first floor Lease Expiration: April 30, 2015 Renewal Option: None. Expansion Option: None. Permitted Uses: General office purposes and diagnostic medical laboratory for the testing of human blood, urine and other bodily fluids. Restriction(s): In no event shall the premises (or any portion thereof) be used for developing or manufacturing home or office diabetes monitoring devises. Special Rights: None. Tenant: Affymetrix, Inc. Building: Building G4 Xxxxxx DriveBedford, Massachusetts Premises: 80,000 RSF* on two (2) floors * RSF will be reduced marginally to create a common corridor to access the cafe and fitness area proposed in Building A. Lease Expiration: July 31, 2013 Renewal Option: One (1) three (3) year option. (This right will be void if Tenant subleases more than fifty percent (50%) of their premises which is currently being contemplated.) Expansion Option: None. Permitted Uses: General office, light manufacturing, warehouse and research and development purposes, together with all uses ancillary thereto. Special Rights: None.

Termination Option. For nominal consideration, the receipt of w hich is hereby acknowledged by Seller, and Xxxxx's agreement to pay Seller $ (Option Fee) within 3 days after the Effective Date of this contract, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If no dollar amount is stated as the Option Fee or if Buyer fails to pay the Option Fee to Seller within the time prescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any xxxxxxx money will be refunded to Buyer. The Option Fee will will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.] 23[24.]CONSULT AN ATTORNEY BEFORE SIGNING: TREC rules prohibit real estate license holders from giving legal advice. READ THIS CONTRACT CAREFULLY. Xxxxx's Attorney Xxxxxx's is: Attorney is: Phone: ( ) Phone: ( ) Fax: ( ) Fax: ( ) E- mail: E-mail: EXECUTED the day of , 20 (Effective Date). (BROKER: FILL IN THE DATE OF FINAL ACCEPTANCE.) Buyer Seller Buyer Seller The form of this contract has been approved by the Texas Real Estate Commission. TREC forms are intended for use only by trained real estate license holders. No representation is made as to the legal validity or adequacy of any provision in any specific transactions. It is not intended for complex trans- actions. Texas Real Estate Commission, P.O. Box 12188, Austin, TX 78711-2188, (000) 000-0000 (xxxx://xxx.xxxx.xxxxx.xxx) TREC NO. 30-14 [30-13]. This form replaces TREC NO. 30-13 [30-12]. Initialed for identification by Xxxxx and Seller DRAFT BROKER INFORMATION (Print name(s) only. Do not sign)

Termination Option is defined in Section 33.20(a).

Termination Option means the option granted to Tenant to terminate the Lease early as set forth in Article 25 of the Original Lease and as amended by Section 9.3