MEMORANDUM OF LEASE AND PURCHASE OPTION Sample Clauses

The Memorandum of Lease and Purchase Option clause serves to formally document the existence of a lease agreement and the tenant's right to purchase the leased property under specified conditions. Typically, this memorandum is recorded in public records to provide notice to third parties of the tenant's interests, without disclosing all the detailed terms of the lease or purchase option. By doing so, it protects the tenant's rights against subsequent purchasers or lenders and ensures transparency regarding the tenant's potential future ownership of the property.
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MEMORANDUM OF LEASE AND PURCHASE OPTION. Upon Lessee's request, Landowner shall execute in recordable form, and Lessee shall then be entitled to record, a memorandum of the Lease substantially similar to the form attached hereto as Exhibit "G" and incorporated herein by this reference. Within ten (10) days of the termination of this Agreement, Lessee shall record a quitclaim or similar release of the memorandum of lease; should Lessee fail to do so, Landowner shall be entitled to record same without liability to Lessee for such action.
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MEMORANDUM OF LEASE AND PURCHASE OPTION. 3 original executed counterparts of the Memorandum of Lease and Purchase Option in the form attached hereto as Exhibit O (“Memorandum of Lease and Purchase Option”);
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MEMORANDUM OF LEASE AND PURCHASE OPTION. Concurrently with the effectiveness hereof (i.e., the closing of the Sale), Landlord and Tenant shall execute, deliver, acknowledge, and record with the Recorder of the County of ▇▇▇▇▇ a Memorandum substantially in the form attached as Appendix i attached hereto and incorporated herein by this reference.
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MEMORANDUM OF LEASE AND PURCHASE OPTION. This Partial Termination and Amendment of Memorandum of Lease and Purchase Option (“Modification of Memorandum”) is dated and made effective as of _______, 2023, and is being executed by PACIFIC GAS AND ELECTRIC COMPANY, a California corporation (“Tenant”), and BA2 300 LAKESIDE LLC, a Delaware limited liability company (“Landlord”).
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MEMORANDUM OF LEASE AND PURCHASE OPTION. THIS MEMORANDUM OF LEASE AND PURCHASE OPTION (this “Memorandum”) is made effective as of , 2003 by and among ARE – ▇▇▇▇▇ ▇▇▇▇▇ NO. 3, LLC, a Delaware limited liability company, (“Landlord”), and ARENA PHARMACEUTICALS, INC., a Delaware corporation (“Tenant”), who agree as follows:
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MEMORANDUM OF LEASE AND PURCHASE OPTION. Concurrently herewith, Lessor and Lessee shall execute and record in the Official Records of Santa ▇▇▇▇▇ County, California, an Amended and Restated Memorandum of Lease and Purchase Option in the form attached hereto as Exhibit A (the "Amended Memorandum"), which Amended Memorandum shall amend and restate the Original Memorandum in its entirety.
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MEMORANDUM OF LEASE AND PURCHASE OPTION. The Parties shall, concurrent with the execution of this Lease, execute a Memorandum of Lease and Purchase Option in recordable form substantially in the form of attached Exhibit "C", which shall thereafter be recorded.
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Related to MEMORANDUM OF LEASE AND PURCHASE OPTION

  • Memorandum of Lease Lessor and Lessee shall promptly upon the request of either enter into a short form memorandum of this Lease, in form suitable for recording under the laws of the State in which reference to this Lease, and all options contained herein, shall be made. Lessee shall pay all costs and expenses of recording such memorandum of this Lease.

  • Lease Agreement On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.

  • MEMORANDUM OF AGREEMENT SUBJECT:

  • Notice of Lease Owner shall give to Standard & Poor's Ratings Services, a Standard & Poor's Financial Services LLC business, a copy of any notice regarding a lease of the Aircraft required to be given to the Mortgagee pursuant to clause (w) of the first sentence of the penultimate paragraph of Section 4.02(b) of the Trust Indenture, at the time such notice is given to Mortgagee, if at such time Standard & Poor's is then rating the Pass Through Certificates.

  • Lease Agreements 13.1 The Customer shall provide FPL a copy of the lease agreement, as applicable, for any and all leased interconnection equipment. 13.2 The Customer shall not enter into any lease agreement that results in the retail purchase of electricity; or the retail sale of electricity from the Customer-owned renewable generation. Notwithstanding this restriction, in the event it is determined by the Florida Public Service Commission that the Customer has entered such an agreement, the Customer shall be in breach of this Interconnection Agreement and the lessor may become subject to the jurisdiction and regulations of the Florida Public Service Commission as a public utility.