IF PURCHASE OPTION EXPIRES Sample Clauses

IF PURCHASE OPTION EXPIRES. If the Purchase Option has expired or if Lessor has failed to complete the purchase within the sixty-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 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, 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.
Sample 1
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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.
Sample 1
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.
Sample 1
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.‌
Sample 1
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
Sample 1
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.
Sample 1
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.
Sample 1
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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.
Sample 1

Related to IF PURCHASE OPTION EXPIRES

  • Early Redemption Option Xxxxxxx Mac’s right to redeem the Original Notes prior to the Maturity Date on any Payment Date at the earlier of (a) on or after the Payment Date on which the aggregate unpaid principal balance of the Reference Obligations is less than or equal to 10% of the Cut-off Date Balance of the Reference Pool; or (b) on or after the Payment Date in September 2026, by paying an amount equal to the outstanding Class Principal Balance, after allocation of the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date, of each Class of Original Notes (without regard to any exchanges of Exchangeable Notes for MAC Notes), plus accrued and unpaid interest. If on the Early Redemption Date a Class of MAC Notes that is entitled to principal is outstanding, all principal amounts that are payable by Xxxxxxx Mac on Exchangeable Notes that were exchanged for such MAC Notes will be allocated to and payable on such MAC Notes in accordance with the exchange proportions applicable to the related Combination.

  • Purchase Option (Check One) ❏ - The Company shall allow the Recipient to void this agreement at any time and release all liability in connection with this agreement by payment to the Company in the amount of US Dollars ($ ). ❏ - The Company does not allow the Recipient to be released of liability from this agreement for any monetary amount or reason whatsoever.

  • Renewal Option This Contract may be renewed under the same terms and conditions, subject to the approval of the Commissioner of the Department of Administration and the State Budget Director in compliance with IC § 5-22-17-4. The term of the renewed contract may not be longer than the term of the original Contract.

  • NOTICE REQUIRED TO EXERCISE OPTION To exercise the Option to Purchase, the Buyer/ Tenant must deliver to the Seller/Landlord written notice of Buyer/Tenant’s intent to purchase. In addition, the written notice must specify a valid closing date. The closing date must occur before the original expiration date of the Lease Agreement, or the date of the expiration of the Option to Purchase Agreement designated in paragraph 1, whichever occurs later.

  • Option The Receiver hereby grants to the Assuming Institution an exclusive option for the period of ninety (90) days commencing the day after Bank Closing to accept an assignment from the Receiver of all Leased Data Management Equipment.

  • Conversion Option Subject to the provisions of this Agreement, the Borrower may convert the whole or any part of any type of Loan under the Credit Facility into any other type of permitted Loan under the Credit Facility by giving the Lender a Conversion Notice in accordance herewith; provided that:

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