Third Party Option Price definition
Third Party Option Price. With respect to any Property pursuant to which a Purchase Option is exercised, a cash price equal to the amount specified in the related Lease or other Lease Document, as applicable, as payable by a Tenant or other third party in connection with the exercise of such Purchase Option.
Third Party Option Price in Section 1.01 of the Property Management Agreement shall be deleted in its entirety and replaced with the following:
Third Party Option Price. A cash price equal to (i) the amount specified in a related Lease, Lease Document or other agreement, as payable by a Tenant or any other Person in connection with the exercise of a Third Party Purchase Option minus (ii) the Third Party Option Expenses in connection with such exercise. “Third Party Purchase Option ”: An option of a Tenant or any other Person under or in connection with a Lease, Lease Documents or other related agreements to purchase the related Mortgaged Property before or at the expiration of the Lease term. “Title Company ”: As defined in Section 2.03(a). “Title Insurance Policies ”: As defined in Section 2.03(a). “Total Debt Service ”: As defined in the Indenture. “Transfer Date ”: The date on which a Mortgage Loan or Mortgaged Property is acquired by the applicable Issuer. “Treasury Regulations ” Any treasury regulations relating to like-kind exchanges and Section 1031 of the Code (or any successor section thereof). 32 US-DOCS\ 96557504.7 102826315.7
Examples of Third Party Option Price in a sentence
If after the date hereof, but prior to the Option Settlement Date, ITI fails to make any interest payments to Seller when due under the Notes, the Call Option Price, Put Option Price and Third Party Option Price shall not change as a result of such breach, but Purchaser after the Option Settlement Date shall have the right (but not any obligation) to claim payment of such overdue interest payments.
More Definitions of Third Party Option Price
Third Party Option Price means, with respect to a Property, the cash price set forth in the related Lease for exercise of a Third Party Purchase Option.
Third Party Option Price in the first sentence of Section 7.02(a): “(without giving effect to clause (ii) in the definition thereof)”.
Third Party Option Price has the meaning specified in Section 2.3(b) of this Agreement. ANNEX B Form of Call Option or Third Party Option Exercise Notice ---------------------------------- [Date] TO: Central European Media Enterprises Ltd., ▇▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇ Fax No.: +▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇ +▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇ Attention: Legal Department Finance Department Reference is made to the Option Agreement, dated as of February 21, 2000 (the "Option Agreement"), by and between SBS Broadcasting S.A., a Luxembourg company ("Purchaser"), and Central European Media Enterprises Ltd., a Bermuda company ("Seller"). Capitalized terms used but not otherwise defined herein have the meanings specified in the Option Agreement. Purchaser hereby notifies Seller that it is exercising the [Call Option] [Third Party Option] with respect to all the Notes pursuant to the provisions of the Option Agreement. Purchaser hereby nominates [date] as the Option Settlement Date pursuant to Section 3.1 of the Option Agreement.