Common use of End of Term Options Clause in Contracts

End of Term Options. At least two hundred seventy (270) days before the scheduled expiration date of the Term, Lessee shall, by delivery of written notice to Lessor and each Agent, exercise one of the following options: (a) Renew this Lease with respect to the Leased Property for an additional one-year term (each, a "LEASE RENEWAL TERM") on the terms and conditions set forth herein and in the other Operative Documents (the "RENEWAL OPTION"); PROVIDED, HOWEVER, that the Renewal Option shall not be available during the second Lease Renewal Term; or (b) Purchase for cash for the Purchase Amount all of the Leased Property on the last day of the Term (the "PURCHASE OPTION"); and if Lessee shall have elected to purchase the Leased Property, Lessor shall, upon the payment to Lessor of the Purchase Amount then due and payable by Lessee under the Operative Documents, transfer all of Lessor's right, title and interest in and to the Leased Property pursuant to SECTION 21.1; or (c) Sell all of the Leased Property on behalf of Lessor for cash to a single purchaser not in any way affiliated with Lessee, any of its Affiliates on the last day of the Term (the "SALE OPTION"). Xxxxxx's right to sell the Leased Property pursuant to the Sale Option shall be conditioned upon and subject to the fulfillment by Lessee of each of the terms and conditions set forth in ARTICLE XX.

End of Term Options. At least two hundred seventy (270) 270 days before the scheduled expiration date last day of the Lease Term, Lessee shall, by delivery of written notice to Lessor and each Agent, exercise one of the following options: (a) Renew this Lease with respect to all, but not less than all, of the Leased Property for an additional one-year term a Renewal Term of up to five (each, a 5) years (the "LEASE RENEWAL TERMOPTION") on the terms and conditions set forth herein and in the other Operative Documents (the "RENEWAL OPTION")Documents; PROVIDED, HOWEVER, that the such Renewal Option shall not be available during only at the second Lease Renewal Termend of the Base Term and only if the conditions to the Extension Option set forth in Section 2.14 of the Participation Agreement are satisfied; or (b) Purchase for cash for the Purchase Amount all all, but not less than all, of the Leased Property then subject to the Lease on the last day of the Term Lease Expiration Date (the "PURCHASE OPTION"); and if Lessee shall have elected to purchase the Leased Property, Lessor shall, upon the payment to Lessor of the Purchase Amount then due and payable by Lessee under the Operative Documents, transfer all of Lessor's right, title and interest in and to the Leased Property pursuant to SECTION 21.122.15; or (c) Sell all of the Leased Property on behalf of Lessor for cash to a single purchaser all, but not in any way affiliated with Lesseeless than all, any of its Affiliates on the last day of the Term Leased Property then subject to the Lease (the "SALE OPTION"). XxxxxxLessee's right to sell the Leased Property pursuant to the Sale Option shall be conditioned upon and subject to the fulfillment by Lessee of each of the terms and conditions set forth in ARTICLE XXXXI.

End of Term Options. At least two hundred seventy (270) 180 days but not more than 360 days before the scheduled expiration date last day of the Base Term and the Renewal Term, if effective, Lessee shall, by delivery of written notice to Lessor and each Agent, exercise one of the following options: (a) Renew this Lease with respect to all of the Leased Property then subject to the Lease for an one additional onefive-year term period (each, a the "LEASE RENEWAL TERMRenewal Option") on the terms and conditions set forth herein and in the other Operative Documents (the "RENEWAL OPTION")herein; PROVIDEDprovided, HOWEVERhowever, that the such Renewal Option shall not be available during only at the second Lease Renewal end of the Base Term; or (b) Purchase for cash for the Purchase Amount all all, but not less than all, of the Leased Property then subject to the Lease on the last day of the Term Lease Expiration Date (the "PURCHASE OPTIONPurchase Option"); and if Lessee shall have elected to purchase the Leased Property, Lessor shall, upon the payment to Lessor of the Purchase Amount then due and payable by Lessee under the Operative Documents, transfer all of Lessor's right, title and interest in and to the Leased Property pursuant to SECTION 21.1Section 22.15; or (c) Sell all of the Leased Property on behalf of Lessor for cash to a single purchaser all, but not in any way affiliated with Lesseeless than all, any of its Affiliates on the last day of the Term Leased Property then subject to the Lease (the "SALE OPTIONSale Option"). XxxxxxLessee's right to sell the Leased Property pursuant to the Sale Option shall be conditioned upon and subject to the fulfillment by Lessee of each of the terms and conditions set forth in ARTICLE XXArticle XXI.

End of Term Options. At least two hundred seventy (270) days before the scheduled expiration date of the Term, Lessee shall, by delivery of written notice to Lessor and each Administrative Agent, exercise one of the following options: (a) Renew this Lease with respect to the Leased Property for an additional one-year term (each, a "LEASE RENEWAL TERM") on the terms and conditions set forth herein and in the other Operative Documents (the "RENEWAL OPTION"); PROVIDED, HOWEVER, that the Renewal Option shall not be available during the second Lease Renewal Term; or (b) Purchase for cash for the Purchase Amount all of the Leased Property on the last day of the Term (the "PURCHASE OPTION"); and if Lessee shall have elected to purchase the Leased Property, Lessor shall, upon the payment to Lessor of the Purchase Amount then due and payable by Lessee under the Operative Documents, transfer all of Lessor's right, title and interest in and to the Leased Property pursuant to SECTION 21.1; or (c) Sell all of the Leased Property on behalf of Lessor for cash to a single purchaser not in any way affiliated with Lessee, any of its Affiliates on the last day of the Term (the "SALE OPTION"). Xxxxxx's right to sell the Leased Property pursuant to the Sale Option shall be conditioned upon and subject to the fulfillment by Lessee of each of the terms and conditions set forth in ARTICLE XX. In addition, all subleases with respect to the Leased Property shall have been terminated prior to Xxxxxx's receipt of Xxxxxx's election of the Sale Option. Lessee shall not enter into any additional subleases or renew any subleases with respect to the Leased Property following Xxxxxx's election of the Sale Option, and Lessee shall not remove any Modifications or commence any voluntary Modifications without the consent of the Required Participants.