First Purchase Option Sample Clauses

First Purchase Option. The Company hereby grants to Campus Crest the option to increase its Participating Percentage in the Company by 27% (resulting in an aggregate Participating Percentage of 75%) on the terms and conditions set forth in this Section 18.1(a) (the “First Purchase Option”).

First Purchase Option. Sellers shall sell to Dakota (or its designee), at Dakota's option (the "First Purchase Option"), all, but not less than all, of the Common Stock owned by Sellers which such Sellers desire to sell, transfer or otherwise dispose of, other than pursuant to a tender or exchange offer for the Common Stock which is governed by Section 4.2 hereof or pursuant to the provisos set forth in section 3 hereof. The First Purchase Option shall apply to, and may be exercised in connection with, each sale, transfer or other disposition of Common Stock desired to be made by Sellers prior to three (3) years following the Conversion Date. The First Purchase Option shall be exercisable on the following terms and conditions:

First Purchase Option. On the last date of the Initial Term of the Schedule, Lessee may purchase for cash all (and only all) of the Equipment then covered by the Schedule for a price equal to 40% percent of Original Equipment Cost (as defined below) upon thirty (30) days prior written notice to Lessor.

First Purchase Option. Optionor hereby grants to Optionee an option to purchase all, but not less than all, of Phase I of the Project, together with either a fee interest or an exclusive easement interest in the Field and a reciprocal parking easement interest pursuant to Section 17 below (collectively, the “Option Property”) as of the date of the fifth (5th) anniversary of the Lease Commencement Date (the “First Purchase Option”), upon the terms and conditions set forth more particularly in this Section 2. -5- XXXXXXXXXX XXXX [ROFO/Option Agreement]

First Purchase Option. ADC shall have the right to purchase from the Optionholders all Shares pursuant to the following terms and conditions. This Agreement shall be effective individually as to each Optionholder who signs this Agreement, regardless of the aggregate number of Optionholders who will sign this Agreement.

First Purchase Option. In further consideration of the mutual covenants existing among the Parties, the Lessors hereby grant unto the Lessee, the exclusive first right and option to purchase the Premises for the total of the sum of $50,000 plus the unpaid principal balance of accrued unpaid interest on and penalty, if any, of the 1) purchase money note and any extension, renewal or replacement thereof (Exhibit C attached), 2) Lake Country Note (Exhibit D attached); and 3) Lessors' personal contribution to the Aid to Construction ($42,860) which sum shall be paid at closing, as that term is hereinafter defined, in immediately available funds. The Lessee will pay all fees, costs and expenses reasonably incurred by it in connection with the purchase thereof. The Lessors will furnish the Lessee with a deed of bargain and sale at its expense upon receipt of the purchase price according to this Agreement. The Lessee may exercise its first purchase option at any time after the Record Date prior to 5 p.m. on the date ten years from the Record Date by written notice to the Lessors communicated to them at their address shown in Article 16, supra, or any subsequent such other address as may have been communicated to the Lessee by the Lessors in writing. At closing and upon payment and receipt of the full purchase price, the Lessors shall convey the Premises to the Lessee by deed of Special Warranty, free of liens, subject only to easements as may then exist in favor of public or private utilities, recorded, in-place or apparent for utility services and the drainage of surface water.