Strike out one option Clause Samples

The 'Strike out one option' clause instructs parties to select between multiple alternatives presented within a contract by removing the inapplicable choice. In practice, this often appears in template agreements where parties must choose between options such as governing law, payment methods, or delivery terms, and the unused option is physically crossed out or deleted. This clause ensures clarity and prevents ambiguity by requiring parties to clearly indicate their agreed terms, thereby reducing the risk of future disputes over which provision applies.
Strike out one option. This is a periodic tenancy and may be ended by either party giving notice as required under the Residential Tenancies ▇▇▇ ▇▇▇▇ OR This tenancy is for a fixed term, ending on the day of 20 . NB: Fixed-term tenancies automatically become periodic upon expiry of the fixed-term unless either party gives the other written notice of their Intention not to continue with the tenancy. That notice must be given no more than 90 days, and no less than 21 days, before the end of the fixed-term. If the landlord grants the tenant a right to renew the fixed-term, they should state this below under Number 4. The tenant may exercise this right by informing the landlord in writing no less than 21 days before the end of the fixed-term.
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Strike out one option. This is a periodic tenancy and may be ended by either party giving notice as required under the Residential Tenancies Act 1986. See page 4 of this agreement for more information. OR This tenancy is for a fixed term, ending on the day of 20 . NB: Fixed-term tenancies that are longer than 90 days, automatically become periodic upon the expiry of the fixed-term, unless: › a landlord gives written notice to end the tenancy on the fixed term expiry using one of the reasons listed in the Residential Tenancies Act 1986 (see section 50(1)(a) to (b)) that allows for termination of periodic tenancies; or › a tenant gives written notice of their intention not to continue with the tenancy at least 28 days before the expiry; or › before the expiry, the parties agree to extend, renew or end the fixed-term tenancy. Note if the fixed term is for 90 days or less, some tenancy laws do not apply. Visit ▇▇▇.▇▇▇▇▇▇▇.▇▇▇▇.▇▇/▇▇▇▇▇▇▇▇-▇-▇▇▇▇▇▇▇/▇▇▇▇▇-▇▇-▇▇▇▇▇▇▇▇▇/▇▇▇▇▇▇▇▇-▇▇-▇▇▇▇▇-▇▇▇▇-▇▇▇▇▇▇▇/ for more information.
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Strike out one option. This is a periodic tenancy and may be ended by either party giving notice as required under the Residential Tenancies ▇▇▇ ▇▇▇▇. See page 4 of this agreement for more information.
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Strike out one option. This is a periodic tenancy and may be ended by either party giving notice as required under the Residential Tenancies Act 1986. See page 4 of this agreement for more information. OR This tenancy is for a fixed term, ending on the day of 20 . NB: Fixed-term tenancies that are longer than 90 days, automatically become periodic upon the expiry of the fixed-term, unless: › the landlord or tenant gives written notice to end the fixed-term tenancy between 90 and 21 days before the fixed term ends. No specific reason is required; or › before the expiry, both landlord and tenant agree to extend, renew, or end the fixed-term tenancy. Note if the fixed term is for 90 days or less, some tenancy laws do not apply. Visit ▇▇▇.▇▇▇▇▇▇▇.▇▇▇▇.▇▇/▇▇▇▇▇▇▇▇-▇-▇▇▇▇▇▇▇/▇▇▇▇▇-▇▇-▇▇▇▇▇▇▇▇▇/▇▇▇▇▇▇▇▇-▇▇-▇▇▇▇▇-▇▇▇▇-▇▇▇▇▇▇▇/ for more information.
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Strike out one option. This is a periodic tenancy and may be ended by either party giving notice as required under the Residential Tenancies ▇▇▇ ▇▇▇▇. See page 4 of this agreement for more information. This tenancy is for a fixed term, ending on the day of 20 . Visit ▇▇▇.▇▇▇▇▇▇▇.▇▇▇▇.▇▇/▇▇▇▇▇▇▇▇-▇-▇▇▇▇▇▇▇/▇▇▇▇▇-▇▇-▇▇▇▇▇▇▇▇▇/▇▇▇▇▇▇▇▇-▇▇-▇▇▇▇▇-▇▇▇▇-▇▇▇▇▇▇▇/ for more information.
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Strike out one option. This is a periodic tenancy and may be ended by either party giving notice as required under
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Related to Strike out one option

  • Strike Price The “Base Year” applicable to this Contract for Difference is 2012.

  • Option Right Landlord hereby grants to the originally named Tenant herein (“Original Tenant”), and its “Permitted Assignees”, as that term is defined in Section 14.8, below, one (1) option to extend the Lease Term for a period of five (5) years (the “Option Term”), which option shall be irrevocably exercised only by written notice delivered by Tenant to Landlord not more than twelve (12) months nor less than nine (9) months prior to the expiration of the initial Lease Term, provided that the following conditions (the “Option Conditions”) are satisfied: (i) as of the date of delivery of such notice, Tenant is not in default under this Lease, after the expiration of any applicable notice and cure period; (ii) Tenant has not previously been in default under this Lease, after the expiration of any applicable notice and cure period, more than twice in the twelve (12) month period prior to the date of Tenant’s attempted exercise; and (iii) the Lease then remains in full force and effect. Landlord may, at Landlord’s option, exercised in Landlord’s sole and absolute discretion, waive any of the Option Conditions in which case the option, if otherwise properly exercised by Tenant, shall remain in full force and effect. Upon the proper exercise of such option to extend, and provided that Tenant satisfies all of the Option Conditions (except those, if any, which are waived by Landlord), the Lease Term, as it applies to the Premises, shall be extended for a period of five (5) years. The rights contained in this Section 2.2 shall be personal to Original Tenant and any Permitted Assignees, and may be exercised by Original Tenant or such Permitted Assignees (and not by any other assignee, sublessee or other “Transferee,” as that term is defined in Section 14.1 of this Lease, of Tenant’s interest in this Lease).

  • Default Not Exceeding 10% of Firm Shares or Option Shares If any Underwriter or Underwriters shall default in its or their obligations to purchase the Firm Shares or the Option Shares, if the Over-allotment Option is exercised hereunder, and if the number of the Firm Shares or Option Shares with respect to which such default relates does not exceed in the aggregate 10% of the number of Firm Shares or Option Shares that all Underwriters have agreed to purchase hereunder, then such Firm Shares or Option Shares to which the default relates shall be purchased by the non-defaulting Underwriters in proportion to their respective commitments hereunder.

  • Default Not Exceeding 10% of Firm Units or Option Units If any Underwriter or Underwriters shall default in its or their obligations to purchase the Firm Units or the Option Units, if the Over-allotment Option is exercised, hereunder, and if the number of the Firm Units or Option Units with respect to which such default relates does not exceed in the aggregate 10% of the number of Firm Units or Option Units that all Underwriters have agreed to purchase hereunder, then such Firm Units or Option Units to which the default relates shall be purchased by the non-defaulting Underwriters in proportion to their respective commitments hereunder.

  • STRIKE OR LOCKOUT 4.01 There shall be no strike or lockout during the term of this Agreement or of any renewal of this Agreement. The terms strike and lockout shall be as defined in the Ontario Labour Relations Act. 4.02 In the event of a strike by other Board employees, representatives of the Board will meet with representatives of the Union to discuss the impact of the strike on the Union’s membership.