Common use of Purchase Option Price Clause in Contracts

Purchase Option Price. In no event may the Improvements be Transferred for a price that exceeds the Purchase Option Price. The Purchase Option Price shall be equal to the lesser of (a) the value of the Improvements as determined by the Appraisal commissioned and conducted at the discretion of IHT as provided in 10.9 below or (b) the price calculated in accordance with the formula described in Section 10,10 below (the “Formula Price”).

Purchase Option Price. In Except as provided in Section 10.6, in no event may the Improvements be Transferred for a price that exceeds the Purchase Option Price. The Purchase Option Price shall be equal to the lesser of (a) the value of the Improvements as determined by the Appraisal commissioned and conducted at the discretion of IHT the Town as provided in 10.9 below below; or (b) the price calculated in accordance with the formula described in Section 10,10 10.10 below (the “Formula Price”).

Purchase Option Price. In no event may the Improvements be Transferred for a price that exceeds the Purchase Option Price. The Purchase Option Price shall be equal to the lesser of (a) the value of the Improvements as determined by the Appraisal commissioned and conducted at the discretion of IHT Lessor as provided in 10.9 below or (b) the price calculated in accordance with the formula described in Section 10,10 below (the “Formula Price”).

Purchase Option Price. In no event may the Improvements be Transferred sold for a price that exceeds the Purchase Option Price. The Purchase Option Price shall be equal to the lesser of (a) the value of the Improvements as determined by the Appraisal commissioned and conducted at the discretion of IHT as provided in 10.9 below 10.5 above or (b) the price calculated in accordance with the formula described in Section 10,10 below (the “Formula Price”).

Purchase Option Price. In no event may the Improvements be Transferred sold for a price that exceeds the Purchase Option Price. The Purchase Option Price shall be equal to the lesser of (a) the value of the Improvements as determined by the Appraisal commissioned and conducted at the discretion of IHT as provided in 10.9 below 10.5 above or (b) the price calculated in accordance with the formula described in Section 10,10 below (the “Formula Price”).

Purchase Option Price. In no event may the Improvements be Transferred sold for a price that exceeds the Purchase Option Price. The Purchase Option Price shall be equal to the lesser of (a) the value of the Improvements as determined by the Appraisal commissioned and conducted at the discretion of IHT as provided in 10.9 below 10.5 above or (b) the price calculated in accordance with the formula described in Section 10,10 below (“the “Formula Price”).