Common use of District’s Purchase Option Clause in Contracts

District’s Purchase Option. 5.1. If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Master Facilities Lease and Site Lease by paying the total remaining unpaid Lease Payments as of the date the option is exercised (“Option Price”). 5.2. District shall provide Developer no less than fourteen (14) days’ prior written notice that District is exercising its option to purchase the Project as set forth above on a specific date (“Option Date”). If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District all reasonably necessary documents in recordable form to terminate this Master Facilities Lease and the Master Site Lease. District may record all such documents at 5.3. Under no circumstances can the first Option Date be on or before thirty-five (35) days after the Developer completes the Project and the District accepts the Project.

District’s Purchase Option. 5.1. If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Master Facilities Lease and Site Lease by paying the total remaining unpaid Lease Payments as of the date the option is exercised (“Option Price”). 5.2. District shall provide Developer no less than fourteen three (143) days’ prior written notice that District is exercising its option to purchase the Project as set forth above on a specific date (“Option Date”). If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District all reasonably necessary documents in recordable form to terminate this Master Facilities Lease and the Master Site Lease. District may record all such documents atat District’s cost and expense. 5.3. Under no circumstances can the first Option Date be on or before thirty-five (35) days after the Developer completes the Project and the District accepts the Project.

District’s Purchase Option. 5.1. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Master Facilities Lease and Site Lease by paying the total remaining unpaid of any Lease Payments due for the remainder of the Term as of the date the option is exercised (“Option Price”). 5.2. 5.2 District shall provide Developer no less than fourteen sixty (1460) days’ prior written notice that District is exercising its option to purchase the Project as set forth above on a specific date (“Option Date”). If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District all reasonably necessary documents in recordable form to terminate this Master Facilities Lease and the Master Site Lease. District may record all such documents atat District’s cost and expense. 5.3. 5.3 Under no circumstances can the first Option Date be on or before thirty-five (35) days after the Developer completes the Project and the District accepts the Project.

District’s Purchase Option. 5.1. If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Master Facilities Lease and Site Lease by paying the total remaining unpaid Lease Payments as of the date the option is exercised (“Option Price”). 5.2. District shall provide Developer no less than fourteen (14) days’ prior written notice that District is exercising its option to purchase the Project as set forth above on a specific date (“Option Date”). If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District all reasonably necessary documents in recordable form to terminate this Master Facilities Lease and the Master Site Lease. District may record all such documents atat District’s cost and expense. 5.3. Under no circumstances can the first Option Date be on or before thirty-five (35) days after the Developer completes the Project and the District accepts the Project.

District’s Purchase Option. 5.16.1. If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Master Facilities Lease and Site Lease by paying the total remaining unpaid of any Lease Payments due for the remainder of the Term as of the date the option is exercised (“Option Price”). 5.26.2. District shall provide Developer Contractor no less than fourteen sixty (1460) days’ prior written notice that District is exercising its option to purchase the Project as set forth above on a specific date (“Option Date”). If the District exercises this option, the District shall pay directly to Developer Contractor the Option Price on or prior to the Option Date and Developer Contractor shall at that time deliver to District all reasonably necessary documents in recordable form to terminate this Master Facilities Lease and the Master Site Lease. District may record all such documents atat District’s cost and expense. 5.36.3. Under no circumstances can the first Option Date be on or before thirty-five (35) days after the Developer Contractor completes the Project and the District accepts the Project.

District’s Purchase Option. 5.1. If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Master Facilities Lease and Site Lease by paying the total remaining unpaid Lease Payments as of the date the option is exercised (“Option Price”). 5.2. District shall provide Developer no less than fourteen (14) days’ prior written notice that District is exercising its option to purchase the Project as set forth above on a specific date (“Option Date”). If the District exercises this option, the District shall pay directly to Developer the Option Price on or prior to the Option Date and Developer shall at that time deliver to District all reasonably necessary documents in recordable form to terminate this Master Facilities Lease and the Master Site Lease. District may record all such documents atat District’s cost and expense. 5.3. Under no circumstances can the first Option Date be on or before thirty-five (35) days after the Developer completes the Project and the District accepts the Project.