The phrase "agreement to exercise" is correct and usable in written English.
It can be used in contexts related to contracts, legal documents, or discussions about commitments to perform certain actions.
Example: "The parties reached an agreement to exercise their rights under the contract within the specified timeframe."
Alternatives: "commitment to perform" or "consent to act".
Chief among those concerns were freedom of navigation in the South China Sea and an agreement to "exercise self-restraint and refrain from anything that may inflame tensions in the region".
I urge the [Hong Kong Special Administrative Region] SAR government, based on Chinese law, and by my own agreement, to exercise its judicial power and extradite me to the Chinese authorities".
Finally, Gibson's agreement to exercise "due care in determining whether prospective wood purchases are legal prior to purchase" should serve the environment, guitar enthusiasts, and the company's business and risk management plans.
The settlement gives Enron more time -- until June 30 instead of May 9 in the original agreement -- to exercise that right, he said.
What might Russia want in exchange for its support, or an agreement not to exercise its its veto power, at the Security Council?
Critics of China have argued that these island-building attempts preceded a 2002 agreement that committed parties "to exercise self-restraint in the conduct of activities that would complicate and escalate disputes" and refrain from inhabiting "presently uninhabited islands, reefs, shoals, cays, and other features".
The agreement gave FE Partners the right to exercise an option to purchase the yacht for $7.8m in the event of a default.
After such a sale agreement, Facebook has 30 days to exercise a right of first refusal, when it can step in and replace the buyer.
The agreement says Ukraine will start to exercise control of the border once new local elections are held in the east, but arrangements will only finalised once the new constitution and the special status regime are in force.
In the EBI agreement, the sponsor's option to exercise this first right will likely be limited to 90 days, after which the university is free to negotiate with other companies if the sponsor declines to obtain license rights.
The companies have an agreement that gives Mr. Saban until Dec. 31 to decide to exercise his right to a buyout.
