Option to Purchase the Project Sample Clauses

The "Option to Purchase the Project" clause grants one party the contractual right, but not the obligation, to buy the project from the other party under specified terms. Typically, this clause outlines the conditions under which the option can be exercised, such as timeframes, purchase price, and any required notices. By including this provision, the parties establish a clear mechanism for a potential transfer of ownership, providing flexibility and certainty for future planning or investment decisions.
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Option to Purchase the Project. Section 10.1. Option to Purchase the Project 24 Section 10.2. Conveyance of the Project 25 Section 10.3. Relative Position of Option and Indenture 25
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Option to Purchase the Project. The Developer shall have, and is hereby granted, the option to purchase all or any portion of the City’s interest in the Project at any time, upon payment in full or redemption of the Outstanding Bonds to be redeemed or provision for their payment or redemption having been made pursuant to Article XIII of the Indenture. To exercise such option, the Developer shall give written notice to the City and to the Trustee, and shall specify therein the date of closing of such purchase, which date shall be not less than 15 nor more than 90 days from the date such notice is mailed, and, in case of a redemption of the Bonds in accordance with the provisions of the Indenture, the Developer shall make arrangements satisfactory to the Trustee for the giving of the required notice of redemption. Notwithstanding the foregoing, if the City or the Trustee provides notice of its intent to exercise its remedies hereunder upon an Event of Default (a “Remedies Notice”), the Developer shall be deemed to have exercised its repurchase option under this Section on the 29th day following the issuance of the Remedies Notice without any further action by the Developer; provided said Remedies Notice has not been rescinded by such date (such option to take place on the 29th day following the issuance of the Remedies Notice). The Developer may rescind such exercise by providing written notice to the City and the Trustee on or before the 29th day and by taking such action as may be required to cure the default that led to the giving of the Remedies Notice. The purchase price payable by the Developer in the event of its exercise of the option granted in this Section shall be the sum of the following: (a) an amount of money which, when added to the amount then on deposit in the Bond Fund, will be sufficient to redeem all or a portion of the then-Outstanding Bonds on the earliest redemption date next succeeding the closing date, including, without limitation, principal and interest to accrue to said redemption date and redemption expense; plus (b) an amount of money equal to the Trustee’s and the Paying Agent’s agreed to and reasonable fees, charges and expenses under the Indenture accrued and to accrue until such redemption of the Bonds; plus (c) an amount of money equal to the City’s reasonable charges and expenses incurred in connection with the Developer exercising its option to purchase all or a portion of the Project; plus (d) an amount of money equal to all payments due and payable pu...
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Option to Purchase the Project. The Tenant shall have, and is hereby granted, the option to purchase the Project at any time prior to the expiration of the Lease Term upon payment in full of all Bonds then Outstanding or provision for their payment having been made pursuant to the Indenture. To exercise such option the Tenant (or the Bank, if acting on behalf of the Tenant after an event of default under the Reimbursement Agreement) shall give written notice to the Issuer and to the Trustee, if any of the Bonds shall then be unpaid or provision for their payment shall not have been made in accordance with the provisions of the Indenture, and shall specify therein the date of closing such purchase, which date shall be not less than 45 nor more than 90 days from the date such notice is mailed. The purchase price payable by the Tenant in the event of its exercise of the option granted in this Section shall be the sum of the following: (a) the full amount which is required to provide the Issuer and the Trustee with funds sufficient, in accordance with the terms of the Indenture, to pay at maturity or to redeem and pay in full (i) the principal of all of the Outstanding Bonds, (ii) all interest due thereon to the date of maturity or redemption, which ever first occurs, and (iii) all costs, expenses and premiums incident to the redemption and payment of the Bonds in full; (b) an amount of money equal to the Issuer's, Trustee's, and other reasonable professional fees and expenses under the Indenture and this Lease accrued and to accrue until such redemption of the Bonds; (c) an amount of money equal to the Bank's reasonable fees and expenses under the Financing Documents; and (d) the sum of $1,000.
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Option to Purchase the Project. Section 10.01. Option to Purchase the Project...............................30 Section 10.02. Conveyance of the Project....................................30 Section 10.03. Relative Position of Option and Indenture....................31 Section 10.04. Option to Purchase Unimproved Portions of Land...............31 Section 10.05. Quality of Title - Purchase Price............................31 Section 10.06. Closing of Purchase..........................................32 Section 10.07. Effect of Purchase on Lease..................................32 Section 10.08. Effect of Failure to Complete Purchase.......................32
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Option to Purchase the Project. Unless otherwise specified in writing by AmerenUE or an Affiliate at the time the Bonds are issued, when all principal and interest due on the Bonds shall have been paid in full, AmerenUE or its permitted successors and assigns shall have the option to purchase the Project for $1,000. In addition, if the terms of the Bonds permit the Bonds to be assumed by AmerenUE or its permitted successors and assigns, AmerenUE and its permitted successors and assigns shall also have the option to purchase the Project for $1,000 upon such an assumption of the Bonds.
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Option to Purchase the Project 
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Related to Option to Purchase the Project

  • 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 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.

  • 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.