EXERCISING OPTION. The Tenant shall hold the right to exercise an option to purchase the Premises under Sections 2 & 3 of this Addendum by sending a notice (via Certified Letter with return receipt) to the Landlord’s address for notices listed in the Agreement. When exercising the option to purchase, the Tenant shall be required to: (check one) ☐ - Pay a Deposit. The Tenant shall be required to pay a deposit in the amount of $ (the “Deposit”) that shall be credited towards the Purchase Price. ☐
EXERCISING OPTION. The non-defaulting party may exercise the Option by giving the defaulting party written notice of its intent to exercise the Option within thirty (30) days of the date that the Joint Venture Value is determined by the investment bankers.
EXERCISING OPTION. In order to exercise this Option with respect to all or any part of the Optioned Stock for which this Option is at the time exercisable, Optionee (or in the case of exercise after Optionee’s death, Optionee’s executor, administrator, heir or legatee, as the case may be) must take the following actions and otherwise comply with the requirements of the Plan:
EXERCISING OPTION. The City agreed to offer the YMCA two successive ten year options to renew, contingent upon the YMCA remaining in full compliance with the terms and conditions of the agreement. To execute an option for renewal, the YMCA must give notice 60 to 180 days prior to the expiration of the term, December 31, 2020.
EXERCISING OPTION. Option shall be exercised no sooner than the _____ day of , 20____, nor later than the expiration date of this Option Agreement. The exercise of Option shall be evidenced by delivery of a _______(___) day written notice to exercise, fully executed by Optionee/Buyer, and delivered to Optionor/Seller within the prescribed exercise period. In the event of the exercise of option, it is understood and agreed that if any Monthly Option Payment is received by owner during the term of this option, said Monthly Option Payment shall not be applied against the purchase price. Only the credit referred to in paragraph 4 above shall be applied to reduce the balance due Optionor/Seller upon exercise of the Option to Purchase.
EXERCISING OPTION. To exercise the Extension Option, the Tenant shall notify the Landlord of such exercise (the "Extension Notice") no later than ONE HUNDRED TWENTY (120) days before the expiration of the Initial Term.
