First Option Period definition
Examples of First Option Period in a sentence
The second option period (the “Second Option Period”) shall commence at the expiration of the First Option Period.
Twenty Five Thousand Dollars ($25,000.00) per year, payable in twelve (12) equal monthly installments of Two Thousand Eighty Three Dollars and Thirty-Three Cents ($2,083.33), payable on the first day of each calendar month commencing on the first day of the First Option Period, if any.
In the event Publisher extends the term of this Agreement for the First Option Period, Publisher shall cause Ten Thousand (10,000) Shares of Rokwader, Inc.
In the event the First Option Period is exercised, this Ground Lease may be further extended for an additional term of fifteen (15) years upon the same terms and conditions as described herein at the option of the Lessee provided Lessee gives written notice to Lessor not less than one hundred twenty (120) days prior to the termination date of the First Option Period.
After the expiration of the First Option Period, this Agreement shall automatically renew itself from year to year unless terminated by GSI or Retailer with written notice to the other party no later than ninety (90) days prior to the expiration of the then current Term, as such Term may have been extended.