Terms and Options Clause Samples

The "Terms and Options" clause defines the duration and renewal conditions of an agreement, as well as any available options for extending or modifying the contract. Typically, it specifies the initial term length, outlines procedures for renewal or extension (such as automatic renewal or notice requirements), and may detail options for early termination or additional services. This clause ensures both parties understand the timeline of their obligations and provides mechanisms for flexibility or continuity, thereby reducing uncertainty and helping manage future expectations.
Terms and Options replace Subsection 3.1 to read as follows: This Lease shall have an initial term of ten (10) years commencing on , 20 . However, LESSEE shall be required to construct permanent improvements in an amount equal to or above ten percent (10%) of the amount required in Subsection 3.2 below in the first twelve (12) months of the initial term, by , 20 . If LESSEE fails to construct permanent improvements in an amount equal to or above ten percent (10%) of the amount required in Subsection
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Terms and Options. 2.1 Event Details. Renter requests to rent the ▇▇▇▇ Farms Clubhouse, for a Single Event, with the rental terms described below: Date of Event: Time (event hours): Rental Fee (event hours x $35): $ 2.2 Alcoholic Beverages. Alcoholic beverages are allowed, provided that no person under 21 years of age consumes alcohol. If yes, please read and sign the following: (Signature of Owner) (Date) (Signature of 2nd Owner/Resident) (Date)
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Terms and Options. The primary term of this lease shall commence on the day of , 20 and expire on the day of , 20 unless otherwise terminated as herein provided. Provided LESSEE is not in default of any provision of this lease at the time it exercises the option(s) granted herein, LANDLORD hereby grants to LESSEE the option to renew this lease for four (4) additional one-year terms under the same terms and conditions as set forth herein subject, however, to the adjustments and rents set forth below. To exercise each option, LESSEE shall send written notice to LANDLORD at least sixty (60) days prior to the expiration of the term then in effect.
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Terms and Options 
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Related to Terms and Options

  • Terms and Conditions of Options The Options evidenced hereby are subject to the following terms and conditions:

  • Terms and Conditions Contractor accepts the Solicitation terms and conditions unless specifically noted by exceptions advanced in the form and manner directed in the Solicitation, if any, under which this Contract was awarded. Contractor agrees that all exceptions to the Solicitation, as well as terms and conditions advanced by Contractor that differ in any manner from HHS’ terms and conditions, if any, are rejected unless expressly accepted by System Agency in writing.

  • Other Terms and Conditions You also agree to be bound by any other specific terms and conditions governing such recurring/instalment payment scheme. In the event of conflict, such specific terms and conditions are to prevail over the provisions of this clause but only to the extent necessary to give full effect to those terms and conditions.

  • Governing Terms and Conditions If there is an irreconcilable conflict between the terms and conditions set forth in this Contract or any Contract Amendment and the terms and conditions set forth in any Exhibit, Appendix, Work Authorization or Supplemental Work Authorization to this Contract, the terms and conditions set forth in this Contract or any Contract Amendment shall control over the terms and conditions set forth in any Exhibit, Appendix, Work Authorization or Supplemental Work Authorization to this Contract.

  • Futures and Options If, pursuant to an Instruction, the Custodian shall become a party to an agreement with the Fund and a futures commission merchant regarding margin (Tri-Party Agreement), the Custodian shall (a) receive and retain, to the extent the same are provided to the Custodian, confirmations or other documents evidencing the purchase or sale by the Fund of exchange-traded futures contracts and commodity options, (b) when required by such Tri-Party Agreement, deposit and maintain in an account opened pursuant to such Agreement (Margin Account), segregated either physically or by book-entry in a Securities Depository for the benefit of any futures commission merchant, such Investments as the Fund shall have designated as initial, maintenance or variation "margin" deposits or other collateral intended to secure the Fund's performance of its obligations under the terms of any exchange-traded futures contracts and commodity options; and (c) thereafter pay, release or transfer Investments into or out of the Margin Account in accordance with the provisions of the such Agreement. Alternatively, the Custodian may deliver Investments, in accordance with an Instruction, to a futures commission merchant for purposes of margin requirements in accordance with Rule 17f-6. The Custodian shall in no event be responsible for but shall give prompt notice to the Fund in the event it becomes aware of the acts and omissions of any futures commission merchant to whom Investments are delivered pursuant to this Section; for the sufficiency of Investments held in any Margin Account; or, for the performance of any terms of any exchange-traded futures contracts and commodity options.