Memorandum of Option to Purchase Clause Samples

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Memorandum of Option to Purchase. Seller shall execute a Memorandum of Option to Purchase, in recordable form, which Purchaser may record at Purchaser’s expense at the applicable Recorder of Deeds or similar office in the County wherein the Property is located. In the event the Term of the Option expires or is terminated by Seller or Purchaser in accordance with the terms hereof, the Purchaser shall, within fifteen (15) days after written notice and request from Seller, execute and deliver to Seller a release of any Memorandum of Option to Purchase in recordable form.
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Memorandum of Option to Purchase referring to this Option Agreement has been executed and delivered on the date hereof and shall be recorded in the Office of the County Recorder of Teller County, Colorado. In the event that Optionee does not exercise the Option herein granted prior to its expiration, it shall immediately deliver to Optionor a duly acknowledged quitclaim deed of all of its interests in the Property under this Option Agreement.
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Memorandum of Option to Purchase. Concurrent with Owner’s execution of this Agreement, Owner shall execute a memorandum of option substantially in the form of Exhibit __ (“Memorandum of Option”) attached hereto and incorporated herein by this reference. The County shall cause the Memorandum of Option to be recorded in the Official Records of the County where the Property is located. In the event County elects not to exercise the Option during the Option Term, County shall execute and cause a quitclaim deed to be recorded in the Official Records of the County where the Property quitclaiming all its rights to acquire fee title to the Property to Owner to remove the Memorandum of Option encumbrance.
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Memorandum of Option to Purchase. Optionor has duly executed, acknowledged and delivered to Optionee a Memorandum of Option to Purchase in the form attached hereto as EXHIBIT "2" and agrees that Optionee may cause such Memorandum of Option to Purchase to be recorded. Optionee agrees to execute, acknowledge and deliver to Optionor a Quitclaim Deed to the Property promptly at the request of Optionor if Optionee does not exercise the Option hereunder if such is necessary to clear Optionor's title. Optionor shall bear any expense of recording such instrument.
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Memorandum of Option to Purchase. Simultaneously with execution of this Option Agreement, the City, GEC and the Tribe shall execute and record among the Land Records of the Clerk’s Office of the Circuit Court of the City of Norfolk, Virginia, that Memorandum of Option to Purchase attached as Exhibit F (“Memorandum of Option Agreement”). In the event that this Option to Purchase is duly terminated pursuant to the provisions of this Option Agreement, the City, GEC and the Tribe shall execute and record among such Land Records, that Termination of Memorandum of Option to Purchase attached as Exhibit G (“Termination of Memorandum of Option Agreement”).
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Memorandum of Option to Purchase. (Intentionally Omitted)
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Memorandum of Option to Purchase. Following the execution of this Lease, Landlord shall promptly record a memorandum (the “Memorandum”) of this Option To Purchase in a form reasonably acceptable to Tenant which shall be recorded in the official records of the county recorder at Tenant’s cost.
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Memorandum of Option to Purchase. This Memorandum of Option to Purchase (this “Memorandum”) is made and entered into as of this day of July, 2002, by and between D▇▇ ▇▇▇▇▇▇ AND E▇▇▇▇▇ ▇. ▇▇▇▇▇ III, individuals having an address of 2▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ (each, an “Optionor” and collectively, together with their respective heirs, permitted assigns and/or designee(s), “Optionor”) and CONCORD EFS, a Delaware corporation, with offices at 1▇▇▇ ▇▇▇▇ ▇▇▇▇, Wilmington, Delaware 19809 (together with its permitted successors, assigns and/or designee(s), “Optionee”).
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Related to Memorandum of Option to Purchase

  • 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.

  • Amendment of Option The Company may alter, amend, or terminate the Option only with the Optionee's consent, except for adjustments expressly provided by this Agreement.

  • Conditions to Purchase of Option Securities In the event that the Underwriters exercise their option provided in Section 2(b) hereof to purchase all or any portion of the Option Securities, the representations and warranties of the Company contained herein and the statements in any certificates furnished by the Company and any of its subsidiaries hereunder shall be true and correct as of each Date of Delivery and, at the relevant Date of Delivery, the Representatives shall have received:

  • Agreement to Purchase The Seller agrees to sell, and the Purchaser agrees to purchase, on a servicing released basis (but subject to the Seller's proposed sale of servicing as provided in Section 2 and the Seller acting as a sub-servicer of the Master Servicer pursuant to a sub-servicing agreement between the Seller and the Master Servicer), the Mortgage Loans identified on the schedule (the "Mortgage Loan Schedule") annexed hereto as Exhibit 1, as such schedule may be amended to reflect the actual Mortgage Loans accepted by the Purchaser pursuant to the terms hereof. The Cut-Off Date with respect to each Mortgage Loan is such Mortgage Loan's Due Date in the month of August 2004. The Mortgage Loans and the Other Mortgage Loans will have an aggregate principal balance as of the close of business on the Cut-Off Date, after giving effect to any payments due on or before such date, whether or not received, of $65,893,090. The sale of the Mortgage Loans shall take place on August 24, 2004 or such other date as shall be mutually acceptable to the parties hereto (the "Closing Date"). The purchase price to be paid by the Purchaser for the Mortgage Loans shall equal the amount set forth as such purchase price on Exhibit 3 hereto. The purchase price shall be paid to the Seller by wire transfer in immediately available funds on the Closing Date. On the Closing Date, the Purchaser will assign to the Trustee pursuant to the Pooling and Servicing Agreement all of its right, title and interest in and to the Mortgage Loans and its rights under this Agreement (to the extent set forth in Section 14), and the Trustee shall succeed to such right, title and interest in and to the Mortgage Loans and the Purchaser's rights under this Agreement (to the extent set forth in Section 14).

  • Amendment to Purchase Agreement Section 1.3 of the Purchase Agreement is hereby amended and restated in its entirety to read as follows: