Common use of Conditions to Option Clause in Contracts

Conditions to Option. On the conditions (which conditions Lessor may waive, at its sole option, by notice to Lessee at any time) that (a) at the time of exercise of the Purchase Option and on the applicable Purchase Option Date, there then exists no Lease Default, nor any state of facts or circumstance which constitutes, or with the passage of time and/or the giving of notice, would constitute a Lease Default and (b) Lessee strictly complies with the provisions of this Section 18.3, then Lessee shall have the option to purchase the Leased Property, at the price and upon the terms hereinafter set forth (the "Purchase Option").

Conditions to Option. On the conditions (which conditions the Lessor may waive, at its sole option, by notice to the Lessee at any time) that (a) at the time of exercise of the Purchase Option (defined below) and on the applicable Purchase Option DateDate (defined below), there then exists no Lease Default, nor any state of facts or circumstance which constitutes, or with the passage of time and/or the giving of notice, would constitute a Lease Default and (b) the Lessee strictly complies with the provisions of this Section 18.318.4, then the Lessee shall have the option to purchase the Leased Property, at the price and upon the terms terns hereinafter set forth (the "Purchase Option").

Conditions to Option. On the conditions (which conditions Lessor may waive, at its sole option, by notice to Lessee at any time) that (a) at the time of exercise of the Purchase Option and on the applicable Purchase Option Date, there then exists no Lease Default, nor any state of facts or circumstance which constitutes, or with the the. passage of time and/or the giving of notice, would constitute a Lease Default and (b) Lessee strictly complies with the provisions of this Section 18.3, then Lessee shall have the option to purchase the Leased Property, at the price and upon the terms hereinafter set forth (the "Purchase Option").

Conditions to Option. On the conditions (which conditions the Lessor may waive, at its sole option, by notice to the Lessee at any time) that (a) at the time of exercise of the Purchase Option and on the applicable Purchase Option Date, there then exists no Lease Default, nor any state of facts or circumstance which constitutes, or with the passage of time and/or the giving of notice, would constitute a Lease Default and (b) the Lessee strictly complies with the provisions of this Section 18.3, then the Lessee shall have the option to purchase the Leased Property, at the price and upon the terms hereinafter set forth (the "Purchase Option").

Conditions to Option. On the conditions (which conditions the Lessor may waive, at its sole option, by notice to the Lessee at any time) that (aA) at the time of exercise of the Purchase Option and on the applicable Purchase Option Date, there then exists no Lease Default, nor any state of facts or circumstance which constitutes, or with the passage of time and/or the giving of notice, would constitute a Lease Default and (bB) the Lessee strictly complies with the provisions of this Section 18.318.4, then the Lessee shall have the option to purchase the Leased Property, at the price and upon the terms hereinafter set forth (the "Purchase Option").

Conditions to Option. On the conditions (which conditions Lessor may waive, at its sole option, by notice to Lessee at any time) that (a) at the time of exercise of the Purchase Option and on the applicable Purchase Option Date, there then exists no Lease Default, nor any state of facts or circumstance which constitutes, or with the passage of time and/or the giving of notice, would constitute a Lease Default and (b) Lessee strictly complies with the provisions of this Section 18.318.4, then Lessee shall have the option to purchase the Leased Property, at the price and upon the terms hereinafter set forth (the "Purchase Option").

Conditions to Option. On the conditions (which conditions the Lessor may waive, at its sole option, by notice to the Lessee at any time) that (a) at the time of exercise of the Purchase Option and on the applicable Purchase Option Date, there then exists no Lease Default, nor any state of facts or circumstance which constitutes, or with the passage of time and/or the giving of notice, would constitute a Lease Default and (b) the Lessee strictly complies with the provisions of this Section 18.3, then the Lessee shall have the option to purchase the Leased PropertyLand and all of the improvements located thereon, at the price and upon the terms hereinafter set forth (the "Purchase Option").