Assignment of Purchase Option. The Purchase Option may be assigned or transferred in whole or in part by HMTF to any one or more members of the HMC Group without any consent or other action on the part of any other party hereto.
Assignment of Purchase Option. The Purchase Option and Tenant’ rights and obligations under this Article 30 are personal to Tenant, may not be exercised by any assignee or transferee of Tenant and shall irrevocably terminate upon any Transfer of this Lease. Notwithstanding the foregoing, Tenant shall have the right to assign this Lease without Landlord’s prior written consent to a Permitted Assignee in accordance with Section 25.1, and in such event the Purchase Option shall not terminate and may be exercised by such Permitted Assignee, but only if (a) Tenant notifies Landlord in writing prior to the effectiveness of such assignment to such Permitted Assignee, and (b) prior to or concurrently with such assignment, such Permitted Assignee assumes all of Tenant’s obligations under this Article 30. Notwithstanding the foregoing, in no event shall Landlord’s consent to a Transfer under Article 25 (to the extent such consent is required) be deemed to include the Purchase Option or the provisions of this Article 30 unless explicitly agreed to in writing by Landlord.
Assignment of Purchase Option. Licensor may assign the Purchase Option to an affiliate or affiliates in its sole discretion.
Assignment of Purchase Option. If, at the occurrence of a Buy-Sell Event, there exist only two (2) then- current Members, including the Withdrawing Member, the Member that is not withdrawing shall have the option during the thirty (30) day period after the Notice Date to assign its Purchase Option to any Person other than the Withdrawing Member (the "Purchase Option Assignee") by notifying the Withdrawing Member and the Company of such assignment in writing. After delivery of such notice, the Purchase Option Assignee shall have the option to purchase the Withdrawing Interest on the same terms and conditions as would apply to the Member from which the Purchase Option was assigned. However, the Purchase Option Assignee shall not have the right of assignment set forth in this Section 9.4. In the event the Purchase Option Assignee does not exercise the Purchase Option, the Purchase Option Assignee shall have no further rights under this Agreement.
Assignment of Purchase Option. Option-Holder shall have the ------------------------------ right to transfer or assign ("Transfer") any or all of its rights under this Agreement in connection with an assignment of the Lease which is permitted by the Lease.
Assignment of Purchase Option. Prior to or after exercise of the Purchase Option, City may assign the Purchase Option to a governmental agency, non-profit organization, or a Qualifying Purchaser (“Purchase Option Assignee”), which shall be subject to this Declaration. If the City acquires the Property instead of transferring it to a Purchase Option Assignee, the City shall transfer the Property to a Qualifying Purchaser.
Assignment of Purchase Option. Prior to Closing Date, Seller may, at its option, assign to PLL Seller's purchase option rights arising under Article XXIX of the Commercial Lease dated December 8, 1994 between Xxxxx Xxxxxxxxxx and the Company (the "Chicago Lease"), relating to the leased premises located at 0000 X. Xxxxxx Street, Chicago, Illinois (the "Chicago Facility") pursuant to an Assignment of Purchase Option in a form reasonably satisfactory to Buyer ("Assignment of Purchase Option"). The Assignment of Purchase Option shall provide that the option to purchase the building containing the Chicago Facility will revert to Buyer for no additional consideration if not exercised by PLL on or prior to July 31,
Assignment of Purchase Option. Subject to the conditions of this Agreement, Seller hereby agrees to assign and transfer all of its interests in the Purchase Options and Option Agreements to Buyer upon the following terms and conditions:
(a) NHI will exercise each Purchase Option under the time frames set forth below and subject to the terms and conditions set forth in the Ensign Transaction lease which shall include satisfactory legal review of applicable third party reports (Phase 1, Property Inspection, Title and ALTA Survey), organizational documents, due diligence and regulatory compliance. The exercise 20289N:160040:1158741:10:NASHVILLE of each Purchase Option and obligation for Buyer to close thereunder shall be subject to and contingent upon Buyer entering into the lease with Ensign on or before May 31, 2016, and subject to and contingent upon Ensign entering into acceptable subleases with Seller for the Option Properties. The exercise of each Purchase Option and obligation for Buyer to close thereunder will also be subject to and contingent upon satisfactory regulatory performance of Ensign and the absence of any existing, pending or expected regulatory investigations or “bad boy” acts that would include any investigations for fraud, abuse related to any governing body or regulatory body over Ensign’s operations. Subject to the conditions contained herein, Buyer shall elect to have Seller assign all of its interests in each Purchase Option. Buyer shall provide written notice to Seller of such election between the first day of the thirteenth (13th) month and the last day of the fourteenth (14th) month following the receipt of notice of the respective Option Property passing of the DADS Life Safety Code Inspection, which notice shall be delivered to Buyer within five (5) days by the Seller. If Buyer fails to timely elect to have Seller assign all of its interests in any Purchase Option or if Buyer elects and fails to close in the timeframe required hereunder, Seller shall have no obligation to assign its interest in the applicable Purchase Option and may exercise the Purchase Option itself or take any other action it deems proper in regards to the applicable Purchase Option.
(b) At Closing of the applicable Option Property, Seller agrees it shall assign all of its interest in the applicable Purchase Option, which Closing shall occur within ninety (90) days of the purchase option election notice by Buyer. Buyer shall pay Seller the Option Transfer Purchase Price upon such assignmen...
Assignment of Purchase Option. Saratoga may assign any portion of the Purchase Option to any other person or entity that is a holder of, or participant in, Tranche B Notes on the same terms as provided for herein; provided that such holder or participant is an "accredited investor" within the meaning of Rule 501 of Regulation D under the Securities Act (each holder or participant to which Saratoga shall assign the Purchase Option in accordance with the foregoing proviso, a "Permitted Assignee").
Assignment of Purchase Option. Recovery Capital does hereby agree to assign to the Xxxxxxx Group all of its rights under the Purchase Option for a period that shall expire at 5:00 p.m. (Eastern Standard Time) on January 31, 2010 (the "Xxxxxxx Option Period"). In the event and to the extent that the Xxxxxxx Group does not timely exercise the Purchase Option (in the manner provided herein) by the expiration of the untley Option Period, the foregoing assignment of the Purchase Option shall expire and be of no further force or effect and no member of the Xxxxxxx Group shall thereafter be deemed to be an Optionholder under this Agreement. Upon the Xxxxxxx Group's execution of this Purchase Option, Xxxx.xxx shall cause one or more stock certificates evidencing up to the 23,809,524 Option Shares to be issued to the Xxxxxxx Group by not later than February 15, 2010.
