LEASE WITH OPTION TO PURCHASE Sample Clauses

A Lease with Option to Purchase clause allows a tenant to lease a property with the right to buy it at a later date, typically under terms specified in the lease agreement. This clause outlines the conditions under which the tenant can exercise the purchase option, such as the timeframe for making the decision and the purchase price or method for determining it. Its core practical function is to provide flexibility for tenants who may wish to become owners in the future, while giving landlords a potential buyer and continued rental income until the option is exercised.
LEASE WITH OPTION TO PURCHASE. Where the Premises are leased and the Lessee has a right of purchase or a first right of refusal which is exercised by the Lessee, or the person/s introduced to the Principal by the Agent in accordance with and for the purpose of this agreement purchases the Premises the Agent's fee shall be as follows: ............................. (GST inclusive) Such fee shall be due and payable by the Principal when such right is exercised or the person/s complete the purchase of the Premises.
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LEASE WITH OPTION TO PURCHASE. This LEASE WITH OPTION TO PURCHASE (“Lease’’) is made by and between the CITY OF ▇▇▇▇▇▇▇, a municipal corporation organized and existing under the laws of the State of Alaska (the “City’’), and SALTY STEER, LLC., an Alaska limited liability company (‘‘Lessee’’).
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LEASE WITH OPTION TO PURCHASE. The parties hereto agree that AERT, prior to September 1, 1997, shall elect to either purchase the subject property from the Newmans in accordance with the terms and conditions set forth below, or, in the alternative, to sublease the subject property from National, with an option to purchase the subject property from the Newmans in accordance to the terms and conditions set forth below.
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LEASE WITH OPTION TO PURCHASE. Vendor leases the Property exclusively to the Lessee for the Lease Purchase Period. Vendor grants to Lessee the exclusive right to acquire ownership of the Property (the “Option”), subject to the Royalty reserved by Vendor and subject to Lessee’s obligations under the conveyance executed and delivered by Vendor on the closing of the Option. The purchase price for the Property (the “Purchase Price”) shall be Five Hundred Thousand Dollars ($500,000). Lessee may exercise the Option at any time by payment in full of the payments prescribed in Sections (a) through (f) and the purchase price, but it must do so before it commences development of a mine on the Property or conducts mining of minerals on the Property. As consideration for the lease and Option, the Lessee agrees to perform the following obligations: (a) The Lessee shall pay the sum of $10,000 USD to the Vendor by way of cash upon execution of this agreement and the additional sum of $7,000 for the staking, filing and recording of an additional 31 claims as provided in Schedule "C". The Vendor will make available to the Lessee any and all historical information, expenditures, and reports in the Vendor's possession. (b) On or before December 31, 2013 (Year 1) the Lessee shall incur Expenditures of a minimum of $7,500 USD on the property. (c) On or before December 31, 2014 (Year 2) (i) The Lessee shall pay $35,000 USD to the Vendor; and (ii) The Lessee incur Expenditures of $15,000 USD on the Property in addition to the expenditures referred to in clause (b). (d) On or before December 31, 2015 (Year 3) (i) The Lessee shall pay $35,000 USD to the Vendor; and (ii) The Lessee shall incur Expenditures of $50,000 USD on the Property in addition to the expenditures referred to in clauses (b) and (c)(i) hereof. (e) On or before December 31, 2016 (Year 4) (i) The Lessee shall pay $40,000 USD to the Vendor; and (ii) The Lessee shall incur Expenditures of $100,000 USD on the Property in addition to the expenditures referred to in clauses (b), (c)(ii) and (d)(ii) hereof; and (f) On or before December 31, 2017 (Year 5) (i) The Lessee shall pay $45,000 USD to the Vendor; and (ii) The Lessee shall incur Expenditures of $100,000 USD on the Property in addition to the expenditures referred to in clauses (b), (c)(i) and (d)(i) hereof; and When the Lessee has paid to Vendor the foregoing payments and has incurred the foregoing Expenditures, the Lessee shall be entitled to acquire an undivided 100% right, title and intere...
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LEASE WITH OPTION TO PURCHASE. An agreement where the lease provides that any substantial portion of the lease payment may accrue towards purchase and the lessee may exercise that option either during or at the end of the lease term.
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Related to LEASE WITH OPTION TO PURCHASE

  • Election to Purchase (To Be Executed Upon Exercise of Warrant)

  • Option to Purchase Subject to Section 3.5, the Receiver hereby grants to the Assuming Institution an exclusive option for the period of ninety (90) days commencing the day after Bank Closing to purchase any or all owned Bank Premises, including all Furniture, Fixtures and Equipment located on the Bank Premises. The Assuming Institution shall give written notice to the Receiver within the option period of its election to purchase or not to purchase any of the owned Bank Premises. Any purchase of such premises shall be effective as of the date of Bank Closing and such purchase shall be consummated as soon as practicable thereafter, and in no event later than the Settlement Date. If the Assuming Institution gives notice of its election not to purchase one or more of the owned Bank Premises within seven (7) days of Bank Closing, then, not withstanding any other provision of this Agreement to the contrary, the Assuming Institution shall not be liable for any of the costs or fees associated with appraisals for such Bank Premises and associated Fixtures, Furniture and Equipment.

  • Option to Lease The Receiver hereby grants to the Assuming Institution an exclusive option for the period of ninety (90) days commencing the day after Bank Closing to cause the Receiver to assign to the Assuming Institution any or all leases for leased Bank Premises, if any, which have been continuously occupied by the Assuming Institution from Bank Closing to the date it elects to accept an assignment of the leases with respect thereto to the extent such leases can be assigned; provided, that the exercise of this option with respect to any lease must be as to all premises or other property subject to the lease. If an assignment cannot be made of any such leases, the Receiver may, in its discretion, enter into subleases with the Assuming Institution containing the same terms and conditions provided under such existing leases for such leased Bank Premises or other property. The Assuming Institution shall give notice to the Receiver within the option period of its election to accept or not to accept an assignment of any or all leases (or enter into subleases or new leases in lieu thereof). The Assuming Institution agrees to assume all leases assigned (or enter into subleases or new leases in lieu thereof) pursuant to this Section 4.6. If the Assuming Institution gives notice of its election not to accept an assignment of a lease for one or more of the leased Bank Premises within seven (7) days of Bank Closing, then, not withstanding any other provision of this Agreement to the contrary, the Assuming Institution shall not be liable for any of the costs or fees associated with appraisals for the Fixtures, Furniture and Equipment located on such leased Bank Premises.

  • Option to Build If the dates designated by Developer are not acceptable to Connecting Transmission Owner, the Connecting Transmission Owner shall so notify the Developer and NYISO within thirty (30) Calendar Days, and unless the Developer and Connecting Transmission Owner agree otherwise, Developer shall have the option to assume responsibility for the design, procurement and construction of Connecting Transmission Owner’s Attachment Facilities and Stand Alone System Upgrade Facilities on the dates specified in Article 5.1.2; provided that if an Attachment Facility or Stand Alone System Upgrade Facility is needed for more than one Developer’s project, Developer’s option to build such Facility shall be contingent on the agreement of all other affected Developers. NYISO, Connecting Transmission Owner and Developer must agree as to what constitutes Stand Alone System Upgrade Facilities and identify such Stand Alone System Upgrade Facilities in Appendix A hereto. Except for Stand Alone System Upgrade Facilities, Developer shall have no right to construct System Upgrade Facilities under this option.

  • Decision to Purchase The Assignee represents and warrants that it is a sophisticated investor able to evaluate the risks and merits of the transactions contemplated hereby, and that it has not relied in connection therewith upon any statements or representations of the Assignor or the Servicer other than those contained in the Servicing Agreement or this Assignment Agreement.