TERM AND OPTIONS Clause Samples

TERM AND OPTIONS. (a) This Agreement shall be effective and shall continue for the License Period set forth on Schedule B, unless sooner terminated pursuant to a provision of this Agreement. (b) MLBPA hereby grants to Licensee two (2) separately exercisable options (the "Options") to extend the term of this Agreement for additional one-year periods ("Second and Third License Periods," respectively). In order to exercise each of the two Options, Licensee must provide MLBPA with written notice of its intention to exercise each such Option and such written notice must be received by MLBPA no earlier than one hundred twenty (120) days and no later than ninety (90) days prior to the expiration of the License Period then in effect. The attempted exercise of any Option shall be void and of no effect if Licensee (i) has breached or is then in breach of any of its obligations under this Agreement, or (ii) fails during any License Period to make Net Sales sufficient to generate Actual Royalties equal to or greater than the Guaranteed Minimum Royalties as defined herein, or (iii) fails to make full and timely royalty payments as provided herein. Licensee's performance in each License Period shall be pursuant to the same terms and conditions recited in this Agreement.

TERM AND OPTIONS. 🡨If the property is sold with vacant possession from settlement, insert 'Nil'. Otherwise complete details from Residential Tenancy Agreement. STARTING DATE OF TERM: ENDING DATE OF TERM: RENT: BOND: $ $ AGENCY NAME: PROPERTY MANAGER: ADDRESS: SUBURB: STATE: POSTCODE: PHONE: MOBILE: EMAIL: �� WARNING TO SELLER: Failure to comply with the Pool Safety Requirements is an offence with substantial penalties. Yes

TERM AND OPTIONS. 3.1 The Initial Period of this Agreement shall be a period commencing on the date of this Agreement and ending ninety (90) days after the release of the Minimum Commitment in the UK. 3.2 The Artist hereby grants to Company three (3) separate consecutive options to extend the Term for further periods commencing upon the expiry of the then current Contract Period and expiring twelve (12) months after such commencement or if later three (3) months after the delivery of the Minimum Commitment for such Contract Period (the "First Option Period", "Second Option Period" and "Third Option Period" respectively and collectively referred to as the "Option Periods") provided that no Contract Period shall in any event last for more than two (2) years. 3.3 Each option referred to in clause 3.2 above shall be exercised by Company serving upon the Artist written notice at any time prior to the expiry of the then current Contract Period. Notwithstanding any of the foregoing if at the date when the then current Contract Period would otherwise have expired Company has neither exercised its option to extend the Term for a further period nor notified the Artist that it does not wish to exercise such option then the following provisions shall apply: 3.3.1 The Artist shall forthwith notify Company in writing that its option has not yet been exercised ("an Option Warning") 3.3.2 Company shall be entitled to exercise its option to extend the Term for a further period as set out above at any time before receiving the Option Warning or within five (5) business days thereafter. 3.3.3 The then current Contract Period shall be deemed to have continued until Company either exercises its option or gives notice to the Artist that it does not wish to exercise its option or until the end of such period of five (5) business days (whichever shall first occur) provided always that in the event that Company exercises its option to extend the Term then the commencement date of the relevant Contract Period shall be deemed to be the date such Contract Period would have commenced had Company exercised its option in a timely fashion without regard for the provisions of this clause.

TERM AND OPTIONS. The term of the Sublease shall commence on the date (the "Commencement Date") that Tenant begins operation of a riverboat gaming facility on the Premises in Dearborn County, Indiana, pursuant to an "Owner's license" (the "License") for such activity as defined in IND. CODE Section 4-33-2-15. As used herein, the phrase "Year 1" of the Term shall be deemed to run from the first day of the calendar month following the Commencement Date until the last day of the same month of the following calendar year, with "Year 2" of the Term commencing on the first day of the succeeding month. Each subsequent "Year" of the Term shall then commence on the anniversary date of the commencement of Year 2. The initial term (the "Initial Term") of this Sublease shall commence on the Commencement Date and continue through Year 6. Thereafter, the Term of this Sublease will be automatically extended for up to nine (9) renewal term periods of five (5) years each (each such renewal period being hereinafter referred to as a "Renewal Term"), unless Tenant, at least six (6) months prior to the end of the Initial Term or the preceding Renewal Term, gives notice to the Landlord of Tenant's intent not to renew; PROVIDED, HOWEVER, that if Tenant gives such notice less than one (1) year before the end of the Initial Term or such Renewal Term, then the Initial Term or such Renewal Term as the case may be shall be automatically extended for a period of one (1) year from the date of such notice.

TERM AND OPTIONS. NIL 🡨If the property is sold with vacant possession from settlement, insert 'Nil'. Otherwise complete details from Residential Tenancy Agreement or Rooming Accommodation Agreement. STARTING DATE OF TERM: ENDING DATE OF TERM: RENT: BOND: $ NIL AGENCY NAME: NIL PROPERTY MANAGER: NIL ADDRESS: NIL SUBURB: NIL STATE: NIL POSTCODE: NIL PHONE: MOBILE: EMAIL: NIL NIL NIL NIL ✘ Yes No Yes No

TERM AND OPTIONS. 1.1 The lease term, subject to all of the provisions and conditions herein contained, shall be for a period of ten (10) years commencing as provided in Section 4.2 of this Lease (the "Commencement Date"), and terminating on the tenth anniversary of the Commencement Date, unless sooner terminated as provided herein. 1.2 Subject to the conditions hereinafter set forth, Landlord hereby grants to Tenant the option to renew the lease term (the "Renewal Option") for two (2) additional consecutive periods of five (5) additional years each (each being referred to herein as a "Renewal Term"), to commence at the expiration of the initial lease term. Tenant shall exercise the Renewal Option by delivering written notice of such election to Landlord at least six (6) months but no more than twelve (12) months prior to the expiration of the initial lease term, or current Renewal Term. The renewal shall be upon the same terms and conditions as this Lease, except: (a) the rental shall be as provided in Section 3.2 of this Lease; (b) Tenant shall have no option to renew this Lease beyond the expiration of the Renewal Terms; and (c) Tenant shall not have the right to assign the Renewal Option to any sublessee of the demised premises or assignee of the Lease, nor may any such sublessee or assignee exercise or enjoy the benefit of such Renewal Option. Notwithstanding the foregoing, Tenant shall not have the right to exercise the Renewal Option, unless: (i) this Lease shall be in full force and effect on the date of the exercise of the Renewal Option and the date of the expiration of the then existing lease term; and (ii) on the date of the exercise of the Renewal Option and the date of the expiration of the existing lease term there shall exist no default on the part of Tenant under this Lease. 1.3 Subject to the conditions hereinafter set forth, Landlord hereby grants to Tenant the exclusive right and option to purchase the demised premises pursuant to Article XXI of this Lease. 1.4 This lease shall be contingent upon Tenant receiving state and federal regulatory approval for the operation of a bank branch facility upon the demised premises within ninety (90) days of the date of this Lease. If Tenant does not obtain said approvals within said ninety (90) day period, Tenant may terminate this Lease by written notice to Landlord within ten (10) days thereafter. Upon receiving said approvals, Tenant shall give Landlord written notice. Landlord shall not be obligated to begin "La...

TERM AND OPTIONS. Months/Rent Paid

TERM AND OPTIONS. 🡨If the property is sold with vacant possession from settlement, insert 'Nil'. Otherwise complete details from Residential Tenancy Agreement. STARTING DATE OF TERM: ENDING DATE OF TERM: RENT: BOND: $ $ AGENCY NAME: PROPERTY MANAGER: ADDRESS: SUBURB: STATE: POSTCODE: PHONE: MOBILE: EMAIL: Yes No Yes No �� WARNING TO SELLER: Under clause 5.3(1)(e) the Seller must provide a Pool Compliance Certificate at settlement. If there is no Pool Compliance Certificate at the Contract Date you must give a Notice of No Pool Safety Certificate to the Buyer prior to entering into this contract. ELECTRICAL SAFETY SWITCH AND SMOKE ALARM This section must be completed unless the Land is vacant. The Seller gives notice to the Buyer that an Approved Safety Switch for the General Purpose Socket Outlets is: The Seller gives notice to the Buyer that smoke alarms complying with the Smoke Alarm Requirement Provision are: 🡨 WARNING: By giving false or misleading information in this section, the Seller may incur a penalty. The Seller should seek expert and qualified advice about completing this section and not rely on the Seller's Agent to complete this section. 🡨 WARNING: Under clause 7.8 the Seller must install smoke alarms complying with the Smoke Alarm Requirement Provision in any domestic dwelling on the Land. Failure to do so is an offence under the Fire and Emergency Services Act 1990.

TERM AND OPTIONS. Provided Tenant is not then in default, Tenant shall have the option to renew this Lease upon the expiration of the term hereof for an additional term of Five (5) years, upon the same terms and conditions as are herein provided other than the rent, which shall be the rent at comparable office rent, not to be less than rent at the last month of the Lease. If Tenant desires to exercise such option, it shall do so by giving written notice to Landlord, not less than One Hundred Eighty (180) days prior to the expiration of the Term set forth above.