Common use of Exercise of Option; Closing Clause in Contracts

Exercise of Option; Closing. Provided no Event of Default exists on the Call Exercise Date or the Closing Date, Tenant [AND GUARANTOR JOINTLY (COLLECTIVELY,] ("OPTIONEE") shall have the option to purchase all, but not less than all, of the Premises on an aggregate basis by giving Landlord written notice thereof (the "CALL EXERCISE NOTICE") on a date (the "CALL EXERCISE DATE") that is at least thirty (30) days but no more than sixty (60) days prior to the tenth (10th) anniversary of the Effective Date. The purchase price (the "PURCHASE PRICE") shall be equal to the product of (x) the amount of Landlord's Investment on the Closing Date multiplied by (y) the Initial Term Applicable Rate to be in effect for the eleventh (11th) Lease Year, divided by (z) nine percent (.

Exercise of Option; Closing. Provided no Event of Default exists on the Call Exercise Date or the Closing Date, Tenant [AND GUARANTOR JOINTLY and Guarantor jointly (COLLECTIVELYcollectively,] ("OPTIONEEOptionee") shall have the option to purchase all, but not less than all, of the Premises on an aggregate basis by giving Landlord written notice thereof (the "CALL EXERCISE NOTICECall Exercise Notice") on a date (the "CALL EXERCISE DATECall Exercise Date") that is at least thirty (30) days but no more than sixty (60) days prior to the tenth (10th) anniversary of the Effective Date. The purchase price (the "PURCHASE PRICEPurchase Price") shall be equal to the product of (x) the amount of Landlord's Investment on the Closing Date multiplied by (y) the Initial Term Applicable Rate to be in effect for the eleventh (11th) Lease Year, divided by (z) nine percent (.