Common use of Adjustment of Term Clause in Contracts

Adjustment of Term. The Term may be extended or shortened upon the occurrence of any of the following events: 1. An Event of Default, as specified below, and non-defaulting party's election to terminate this Sublease; 2. A third-party taking of the Project under Eminent Domain, only if the Term is ended as indicated in Section 15 of the Site Lease; or 3. The exercise of District’s Purchase Option under Section 7, below.

Adjustment of Term. The Term may be extended or shortened upon the occurrence of any of the following events: 1. An Event of Default, as specified below, and non-defaulting party's ’s election to terminate this Sublease; 2. A third-party taking of the Project under Eminent Domain, only if the Term is ended as indicated in Section 15 of the Site Lease; or 3. The exercise of District’s Purchase Option under Section 7, below.