IF PURCHASE OPTION EXPIRES. If the Purchase Option has expired or if Lessor has failed to complete the purchase within the 60-day period allowed by section 10.6 above, Lessee may sell the Improvements and assign the Lease to any Income-qualified Person, for not more than the applicable Purchase Option Price. If, six months after the expiration of the Purchase Option or the expiration of said 60-day period, the Improvements still have not been sold, Lessee may sell the Improvements and assign the Lease, for not more than the then applicable Purchase Option Price, to any party regardless of whether that party is an Income- qualified Person.
IF PURCHASE OPTION EXPIRES. If the Purchase Option has expired and the Owner has determined that the sale is permitted under this Lease and the Flat Creek Apartments Financing Requirements, the Lessee may sell Flat Creek Apartments and assign the Lease for not more than the then applicable Maximum Resale Price.
IF PURCHASE OPTION EXPIRES. If the Purchase Option has expired or if ACHT has failed to complete the purchase within the sixty-day period allowed by Section 10.6 above, Homeowner may sell the Improvements and assign the Lease to any Income-Qualified Person, for not more than the then applicable Purchase Option Price. If, six months after the expiration of the Purchase Option or the expiration of said sixty- day period, the Improvements still have not been sold, Homeowner may sell the Improvements and assign the Lease, for not more than the then applicable Purchase Option Price, to any party regardless of whether that party is an Income-Qualified Person.
IF PURCHASE OPTION EXPIRES. If the Purchase Option has expired or if IHT has failed to complete the purchase within the 60-day period allowed by Section 10.5 above, Homeowner may Transfer the Improvements and this Lease to any Income- qualified Person, for not more than the then applicable Purchase Option Price. If, six months after the expiration of the Purchase Option or the expiration of said 60-day period, the Improvements still have not been Transferred, Homeowner may Transfer the Improvements and this Lease, for not more than the then applicable Purchase Option Price, to any party regardless of whether that party is an Income-qualified Person.
IF PURCHASE OPTION EXPIRES. If the Purchase Option has expired or if Lessor has failed to complete the purchase within the 60-day period allowed by Section
IF PURCHASE OPTION EXPIRES. If the Purchase Option has expired or if VCLT has failed to complete the purchase within the sixty-day period allowed by Section 10.11 above, Homeowner may sell the Improvements and assign the Lease to any person, for not more than the then applicable Purchase Option Price, provided that a Letter of Stipulation and a Letter of Acknowledgement of legal counsel setting forth the buyer’s review, understanding and acceptance of the terms of the Lease, are submitted to VCLT to be attached to the Lease when it is assigned to the buyer.
IF PURCHASE OPTION EXPIRES. If the Purchase Option has expired, Lessee may sell the Improvements and assign the Lease to any Income-Qualified Person, for not more than the then applicable Purchase Option Price. If, six months after the expiration of the Purchase Option, the Improvements still have not been sold, Lessee may sell the Improvements and assign the Lease, for not more than the then applicable Purchase Option Price, to any party regardless of whether that party is an Income-Qualified Person.
IF PURCHASE OPTION EXPIRES. If the Purchase Option has expired, Lessee may sell the Improvements to any Income-Qualified Person, for not more than the then applicable Purchase Option Price. If, six months after the expiration of the Purchase Option, having made good faith efforts to sell, the Improvements still have not been sold, Lessee may sell the Improvements to any party regardless of whether that party is an Income-Qualified Person for no more than the then applicable Purchase Option Price plus an amount sufficient to allow repayment of any indebtedness owed by Lessor or Lessee due to the fact that the Improvements will be sold to a non-income qualified buyer, only so long as the aforementioned indebtedness is satisfied through closing.
IF PURCHASE OPTION EXPIRES. If the Purchase Option has expired or if the Town has failed to complete the purchase within the sixty (60)-day period allowed by Section 10.5 above, Lessee may Transfer the Improvements and this Lease to any Eligible Purchaser, for not more than the then applicable Purchase Option Price. If, six
