Option to Purchase Project Sample Clauses

Option to Purchase Project. Subject to the provisions of this Article, the Tenant shall have the right and option to purchase the Issuer's interest in the Project at any time during the Term hereof and for 120 days thereafter. The Tenant shall exercise its option by giving the Issuer written notice of the Tenant's election to exercise its option and specifying the date, time and place of closing, which date (the "Release Date") shall neither be earlier than 30 days nor later than 180 days after the notice is given. The Tenant may not, however, exercise such option if the Tenant is in Default hereunder on the Release Date unless all Defaults are cured upon payment of the purchase price specified in Section 17.2.

Option to Purchase Project. Subject to the provisions of this Article, Tenant shall have the right and option to purchase the Project at any time during the Term hereof. Tenant shall exercise its aforesaid option by giving Issuer written notice of Tenant's election to exercise its option and specifying the date, time and place of closing, which date (the "Closing Date") shall neither be earlier than Thirty (30) days nor later than One Hundred Eighty (180) days after the notice is given. Tenant may not, however, exercise its said option if Tenant is in default hereunder on the Closing Date.

Option to Purchase Project. The Lessee shall have, and is hereby granted, the option to purchase the Project prior to the expiration of the Lease Term and prior to the Payment in Full of the Bonds. To exercise such option, the Lessee shall give written notice to the Issuer specifying the date of closing such purchase, which date shall be not less than fifteen (15) nor more than one hundred twenty (120) days from the date such notice is given, and shall make arrangements for the giving of the required notice of prepayment of the Bonds in accordance with the provisions of the Financing Agreement. The amount which shall be paid to the Issuer by the Lessee in the event of its exercise of the option granted in this Section shall be the sum of the following: (1) an amount of money which, when added to the funds in the Bond Fund, will be sufficient to retire and prepay all of the then outstanding Bonds at par on the date specified by the Lessee for such prepayment including, without limitation, principal plus accrued interest thereon to said prepayment date, or the Bondholder has stated that it has been paid in full, plus (2) an amount of money equal to the Bondholder’s and the paying agent’s, fees and expenses under the Financing Agreement accrued and to accrue until such final payment and prepayment of the Bonds or satisfactory arrangements are made for the payment of such fees; plus (3) the sum of ten dollars ($10) which shall be paid by the Lessee to the Issuer, which sum the parties hereto acknowledge and agree constitutes good and adequate consideration for the purchase of the Project.

Option to Purchase Project. Subject to the provisions of this Article, Tenant shall have the right and option to purchase the 1997 Project, the 2000 Project or the Project as a whole at any time during the Term hereof. Tenant shall exercise its aforesaid option by giving Issuer written notice of Tenant's election to exercise its option and specifying the portion of the Project to be purchased and the date, time and place of closing, which date (the "Closing Date") shall neither be earlier than Thirty (30) days nor later than One Hundred Eighty (180) days after the notice is given. Tenant may not, however, exercise its said option if Tenant is in default hereunder on the Closing Date.

Option to Purchase Project. 13 Section 13.2. Quality of Title............................................. 13 Section 13.3.

Option to Purchase Project. After Payment of the -------------------------------------------------------- Indenture Indebtedness 28 ---------------------- SECTION 11.05 Option to Purchase Portions of Project Site 28 ------------------------------------------- SECTION 11.06 Conveyance of Exercise of Option to Purchase 30 --------------------------------------------

Option to Purchase Project. In the event Landlord offers the Project for sale on a stand-alone basis, separately from other buildings in the Office Park or other buildings in Landlord’s portfolio of properties (and not as part of a package with any other building owned by Landlord and not pursuant to a transfer in connection with a merger of Landlord with another entity), to a party other than the Parkway North joint venture partner of Landlord or of another Landlord affiliate owning another property in the Office Park, and provided that Tenant leases and occupies at least 150,000 rentable square feet of space at such time, Tenant shall have a right of first offer to purchase the Project before Landlord offers the Project for sale to other third parties. Landlord shall give to Tenant written notice of the terms of such offer (“Landlord’s Notice”). Tenant shall have a period of thirty (30) days from the date of receipt of Landlord’s Notice to execute and deliver to Landlord an offer to purchase the Project in commercially reasonable form satisfactory to Landlord and Tenant at the price and including the other terms and conditions set forth in Landlord’s Notice. If Tenant fails, refuses or is otherwise unable to deliver to Landlord such executed offer to purchase within such thirty (30) day period, Landlord shall thereafter have the right to sell the Project to any other third party and Tenant shall have no further rights under this Section 33; except, however, that if Landlord, within one hundred eighty (180) days after the date of Landlord’s Notice, does not sell the Project at a purchase price not less than 92% of the purchase price set forth in Landlord’s Notice, then Tenant’s rights under this Section to purchase the Project shall not terminate but shall continue in full force and effect. The foregoing option is personal to United Stationers Supply Co. and any Affiliate (as defined in Section 17.G. above) and may not be exercised by or for the benefit of any other party.

Option to Purchase Project. Subject to the provisions of this Article, Corporation shall have the right and option to purchase the Project at any time during the Term hereof. Corporation shall exercise its aforesaid option by giving Issuer written notice of Corporation's election to exercise its option and specifying the date, time and place of closing, which date (the "Closing Date") shall neither be earlier than 30 days nor later than 180 days after the notice is given. Corporation may not, however, exercise its said option if Corporation is in default hereunder on the Closing Date.

Option to Purchase Project. 37 Section 17.2 Quality of Title and Purchase Price for Project ................................................37 Section 17.3 Closing of Purchase of Project ...............................38 Section 17.4 Effect of Failure to Complete Purchase of Project .................................................39 Section 17.5 Application of Condemnation Awards if Tenant Purchases Project ...............................39 Section 17.6 Option to Purchase Unimproved Portions of Land ....................................................40 Section 17.7 Quality of Title and Purchase Price for Unimproved Portions of Land ............................40 Section 17.8 Closing of Purchase of Unimproved Portions of Land ....................................................41 Section 17.9 Effect on Lease of Purchase of Unimproved Portions of Land ...........................................41 Section 17.10 Effect of Failure to Complete Purchase of Unimproved Portions of Land .............................41 -iii-