OPTION TO PURCHASE ADDENDUM Sample Clauses

An Option to Purchase Addendum is a contractual provision that grants one party the right, but not the obligation, to buy a specific asset—often real estate—under agreed terms within a set timeframe. This addendum typically outlines the purchase price, the duration of the option, and any conditions that must be met before the option can be exercised. By including this clause, parties can secure the opportunity to complete a future purchase while providing certainty and flexibility, thereby addressing the need for time to finalize decisions or secure financing before committing to a full transaction.
POPULAR SAMPLE Copied 1 times
OPTION TO PURCHASE ADDENDUM. This Option to Purchase Addendum (the “Addendum”) is made this
View SourceView Similar (20)
OPTION TO PURCHASE ADDENDUM. This Option to Purchase Addendum (the “Addendum”) is made this [MM/DD/YYYY] and is attached to this Agreement.
View SourceView Similar (26)

Related to OPTION TO PURCHASE ADDENDUM

  • 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.