Option to Purchase the Property Clause Samples

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Option to Purchase the Property. Option to Purchase the Property. Tenant shall have the option to purchase the property after the first 3 years of the lease. Tenant must not be in default to exercise this option after the third year. Purchase Price of the property, if option is exercised by the Tenant will be the cost of the property to the Landlord, plus closing costs at the time of closing, plus the increase in the Consumer Price Index from January 1, 1999, the beginning of the Lease. Tenant must notify Landlord by certified mail, if they chose this option to purchase the property and of the terms and conditions.
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Option to Purchase the Property. The “Option to Purchase the Property” Section on page 28 of the Lease is hereby deleted in its entirety.
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Option to Purchase the Property. Option to Purchase the Property. Tenant shall have the option to purchase the property after the first three years of the lease. Tenant must not be in default to exercise this option after the third year. Purchase Price of the property, if option is exercised by the Tenant, it will be the original cost of the property to the Landlord, plus original closing costs at the time of closing. Tenant must notify Landlord by certified mail, if they exercise this option to purchase the property. In addition, purchase price will be increased by the total amount of the increase in the Consumer Price Index from May 1, 1999 until the date of closing of the sale of the property. Tenant agrees to pay for any and all closing costs including all repairs, real estate taxes and assessments. This includes title insurance, documentary stamps on deed, but not limited to these items. ATTORNEY FEES AND COSTS
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Option to Purchase the Property. The City is hereby exercising its option to purchase the Property as set forth in the original Interlocal Agreement.
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Option to Purchase the Property. 11.1 The Proponent shall grant the City an Option to Purchase the Property in accordance with Schedule “A” for a term of twenty-five (25) years, exercisable upon an Event of Default under Section 10.1 of this Agreement or a transfer or assignment of the Proponent’s interest in the Property pursuant to Sections 14.2 (b) and 17.12. 11.2 The Proponent hereby consents to the City’s registration of a Notice of Option to Purchase against title to the Property, in first priority.
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Option to Purchase the Property. Owner grants to Lessee the option to purchase the Property (the “Option to Purchase”) that includes all the Mineral Rights, Advanced Royalty Payments, Royalty and Royalty Rights to the Property, subject to the conditions set forth in this Section 5. The Option to Purchase Price and terms are defined as follows and further described in Exhibit C: On or Prior to the 5th Anniversary of the Effective Date: Cash Payment of Five Million Dollars ($5,000,000.00) After the 5th Anniversary of the Effective Date: Cash Payment of Ten Million Dollars ($10,000,000.00)
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Option to Purchase the Property. Option to Purchase the Property. Tenant shall have the option to purchase the property after the first [Illegible] years of the lease. Tenant must not be in default to exercise this option after the [Illegible] year. Purchase Price of the property, if option is exercised by the Tenant will be the cost of the property to the Landlord, plus closing costs at the time of closing. Landlord purchase price plus the increase in the Consumer Price Index from [Illegible], the beginning of the Lease. Tenant must notify Landlord by certified mail, if they chose this option to purchase the property.
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Option to Purchase the Property 
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Related to Option to Purchase the Property

  • 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.