OPTION TO EXTEND; NEW LEASE. A. Lessee shall have the option to continue this Lease in effect for four additional successive periods of five years each, provided that, at the time of exercise of such ...
ComputeClause ComputeFunction ComputeFunctionType ConstraintDefinition ConstraintEnforcement ContainmentDatabaseOption ContainmentOptionKind ContinueStatement ContractMessage ConvertCall CreateAggregateStatement CreateApplicationRoleStatement CreateAssemblyStatement CreateAsymmetricKeyStatement CreateAva...
FIRST OPTION TO RENEW Sample Clauses Filter & Search Clause: FIRST OPTION TO RENEW Contract Type Jurisdiction Country Include Keywords Exclude Keywords Additional filters are available in searchOpen Search Related Clauses OPTION TO RENEW Option to Lease Option to Extend Option to Extend Lease ...
Lease options usually have default and termination clauses. Default and termination provisions should outline what happens if either party fails to meet their obligations. Some lease option agreements may include an option for the tenant to extend the lease term or exercise period if they need more...
A renewal option is a clause in a financial agreement that outlines the terms for renewing or extending an original agreement. The renewal option appears as acovenantin the original agreement and provides specifications under which the entities can renew or extend the original terms for an additiona...
* Note: If your deal is primarily about a feature film and not a television project, it might be a good idea to insert a clause in your contract to the effect that: Producer may not produce television motion pictures or series until the First Picture Purchase Price has been paid. ...
In simple terms, it is an option that allows the holder to extend or reload an existing financial agreement or contract. This means that instead of fully terminating the agreement or contract upon its expiration, the holder has the ability to continue or renew it for a specified period of ti...
2. The Plan Administrator shall have the discretion, exercisable either at the time an option is granted or at any time while the option remains outstanding, to:(i) extend the period of time for which the option is to remain exercisable following Optionee’s cessation of Service or death ...
Office of Management and Budget provides confusion in using the Federal Acquisition Regulation (FAR) 52.217-8 to extend contract services. The Armed Services Board of Contract Appeals (ASBCA) also mentions that the clause can be applied for bid protests and alleged mistakes in bid.PRAIRIE...
Contract Type Jurisdiction Country Include Keywords Exclude Keywords Additional filters are available in search Open Search Use ofContraction Optionin a Clause Contraction Optionmeans the right grantedto Tenantin Section 20.2 toterminate the Leasewith respect toa portionofthe Premises. ...