Memorandum of Option definition

Memorandum of Option means the a memorandum of option in the form of Exhibit E hereto, a completed copy of which for each Eligible Owned Property is to be executed, notarized and delivered to Escrow Holder concurrently with the execution of this Agreement.
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Memorandum of Option means a document substantially in the form attached as Exhibit 3.
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Memorandum of Option means the memorandum of option substantially in the form attached as Exhibit C to the Option to Purchase Agreement.
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Examples of Memorandum of Option in a sentence

  • In the event the Term of the Option expires or is terminated by Seller or Purchaser in accordance with the terms hereof, the Purchaser shall, within fifteen (15) days after written notice and request from Seller, execute and deliver to Seller a release of any Memorandum of Option to Purchase in recordable form.

  • Seller shall execute a Memorandum of Option to Purchase, in recordable form, which Purchaser may record at Purchaser’s expense at the applicable Recorder of Deeds or similar office in the County wherein the Property is located.

  • If such a Memorandum of Option is recorded and in the event Buyer does not exercise the Option within the term of this Agreement, Buyer shall, if requested to do so by Seller, record a document, which will eliminate any cloud on Seller's title to the Subject Property occasioned by the Memorandum.

  • All of the terms, conditions, provisions, and covenants of the Option Agreement are hereby incorporated into this Memorandum of Option by reference as though fully set forth herein, and the Option Agreement and this Memorandum of Option shall be deemed to constitute a single instrument or document.

  • From and after the Option Acceptance Date, promptly upon receipt of the Memorandum of Option and Termination of Option with respect to a Converted Property, Escrow Holder shall (x) at Optionee’s request, cause such Memorandum of Option to be recorded in the applicable county real property official records, and deliver conformed copies thereof to the parties hereto, and (y) cause Title Company to issue an Optionee Policy for such Converted Property.

  • The Memorandum of Option shall not limit, increase or in any manner affect any of the terms of this Contract or any rights, interests or obligations of the Parties hereunder.

  • The Memorandum of Option in the form attached hereto as Exhibit C.

  • Optionor and Optionee shall execute and deliver on the Closing Date under the SCC Purchase Agreements a Memorandum of Option in the form attached hereto as Exhibit B, which shall be recorded against the Property (at Optionee’s sole cost and expense) to evidence Optionee’s rights hereunder.

  • In addition, Optionor and Optionee shall execute a Termination of Memorandum of Option in the form attached as Exhibit C, which shall be held by Optionor’s legal counsel (the “Option Release Agent”).

  • Should this Option Agreement not be recorded, the parties agree to execute a Memorandum of Option for recording purposes if requested by either of the parties hereto, to be prepared and recorded at the expense of the requesting party.


More Definitions of Memorandum of Option

Memorandum of Option. Agreement” 2
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Memorandum of Option. A memorandum of option, in the form of Exhibit "C" attached hereto and incorporated herein by reference for all purposes ("Memorandum"), which shall be executed by Optionor and Optionee in accordance with the terms of this Agreement and may be filed of record in the appropriate real property records of the County in which the Property is located. Following the performance of all obligations under this Agreement, or in the alternative, the termination thereof for any reason, Optionor and Optionee, at the request of either party, shall execute and deliver a termination of the Memorandum in recordable form, which may be recorded in the Real Property Records of Tarrant County, Texas, at the expense of the requesting party.
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Memorandum of Option. As defined in Article 39.
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Memorandum of Option shall be as defined in Section 4.02(h).
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Memorandum of Option means, with respect to any Receivable, a memorandum (or other similar instrument which is customary and serves the same function as a memorandum under the Applicable Laws and practice in the Property Jurisdiction), evidencing (and otherwise providing notice of) the encumbrance of the option granted by the related Account Obligor with respect to the Optioned Property in conjunction with such Receivable, in form and substance acceptable for recording with the appropriate Governmental Authority for the Property Jurisdiction.
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Memorandum of Option means a memorandum of unrecorded option, substantially in the form attached hereto and incorporated herein as Attachment No. 11. The Memorandum of Option will automatically terminate on the Funding Closing Date.
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Related to Memorandum of Option

  • Memorandum of Agreement means the agreement executed by and between FFA and the Institution in which these Conditions have been incorporated by reference;

  • Memorandum of Association means the memorandum of association of the Company, as amended or substituted from time to time;

  • Memorandum means the memorandum of association of the Company.

  • Common Stock Purchase Agreement means an agreement among the Investor and/or PJC, Emergent and any Convertible Note Holder who accepts and exchanges all of its Convertible Notes in the Convertible Note Exchange Offer and elects to participate, substantially in the form attached hereto as Exhibit A, pursuant to which Emergent will issue and sell (a) to the Investor and/or PJC, in the aggregate, 75,000,000 Shares at a price of $0.20 per share, and (b) to any Convertible Note Holder who accepts and exchanges all of its Convertible Notes in the Convertible Note Exchange Offer that so requests, for every $1,000.00 of principal amount of Convertible Notes that it tenders into the Convertible Note Exchange Offer, 500 Shares at a price of $0.20 per share; provided, that the aggregate maximum number of Shares to be so issued and sold to the Convertible Note Holders who accept and exchange all of their Convertible Notes in the Convertible Note Exchange Offer pursuant to the Common Stock Purchase Agreement shall not exceed 40,000,000.

  • Certificate of Award means the certificate authorized by Section 6(a), to be signed by the Fiscal Officer, setting forth and determining those terms or other matters pertaining to the Bonds and their issuance, sale and delivery as this Ordinance requires or authorizes to be set forth or determined therein.