First Option Right. In consideration of Lessor contributing the leased land at no cost to Lessee and in consideration of the foregoing recitals and good and other adequate consideration, the receipt and sufficiency of which are hereby acknowledged and confirmed, Lessor hereby reserves for itself, and its successors and assigns, a First Option Right to either purchase the Residential Unit or to identify a purchaser to purchase the Residential Unit subject to the foregoing terms and conditions (the “First Option Right”), as follows: Formatted: Indent: Left: 0.75", Hanging: 0.5", Numbered + Level: 1 + Numbering Style: i, ii, iii, … + Start at: 1 + Alignment: Left + Aligned at: 0.25" + Indent at: 0.5", Tab stops: Not at 0.5" Formatted: Indent: Left: 0.75", Hanging: 0.5", Numbered + Level: 1 + Numbering Style: i, ii, iii, … + Start at: 1 + Alignment: Left + Aligned at: 0.25" + Indent at: 0.5", Tab stops: Not at 0.5"
First Option Right. In consideration of Lessor leasing the Schwabacher Property to Lessee and in consideration of the foregoing recitals and good and other adequate consideration, the receipt and sufficiency of which are hereby acknowledged and confirmed, Lessor hereby reserves for itself, and its successors and assigns, a First Option Right to either purchase each Residential Unit or to identify a purchaser to purchase the Residential Unit subject to the following terms and conditions (the “First Option Right”):
First Option Right. In consideration of Lessor contributing the leased land at no cost to Lessee and in consideration of the foregoing recitals and good and other adequate consideration, the receipt and sufficiency of which are hereby acknowledged and confirmed, Lessor hereby reserves for itself, and its successors and assigns, a First Option Right to either purchase the Residential Unit or to identify an Employee of Lessor (as defined in Section 5.1(A)) to purchase the Residential Unit subject to the foregoing terms and conditions (the “First Option Right”), as follows:
