Lease Option. The Owner hereby agrees that so long as the Manager is not in default in the performance of any duty or any obligation hereunder, the Manager shall have the option to lease the Facility at any time during the term of this Agreement (including any extension thereof) by providing the Owner with at least ninety (90) days prior written notice of such election. Within thirty (30) days after the receipt of the Manager's notice to lease, the parties shall enter into a lease agreement substantially in the form attached hereto as Exhibit A (the "Lease"), which Lease shall include, without limitation, a ten (10) year initial term (with three (3) 5-year renewal terms) and rental payments equal to the fair market value (which will be a negotiated percentage of total project costs) as determined immediately prior to the initial term of the Lease and immediately prior to any renewal terms.
Lease Option. SITC hereby grants CURB OP (or its Affiliate designee) the option, exercisable by CURB OP until the earlier of (i) the three-year anniversary of this Agreement or (ii) the termination of this Agreement pursuant to a Sanctioned Termination Event by delivering Notice to SITC, to enter into the Lease Agreement attached as Exhibit A for the space at the Owned Shared Corporate Offices described in the Lease Agreement upon the terms and conditions set forth in such Lease Agreement. Within five Business Days after CURB OP delivers the Notice exercising the option to SITE, each party to the Lease Agreement shall execute and deliver the Lease Agreement to the other party thereto. If CURB OP fails to timely give Notice to SITC as provided for in the immediately preceding sentence, CURB OP shall be deemed to have waived CURB OP’s option to enter into the Lease Agreement. The parties hereto will cooperate in good faith to make any changes reasonably required to the form of Lease Agreement attached as Exhibit A such that the Lease Agreement is in execution form, including appropriately completing any exhibits, placeholders or blanks.
Lease Option. If EUROIMMUN transfers the product to the client as part of a lease agreement, this Agreement remains in place for the entire product lease period.
Lease Option. In the alternative to purchasing such additional kiosks, higi may lease additional kiosks for a lease term of five (5) years per kiosk at the amount of One Hundred Twenty-Five U.S. Dollars ($125) per month (inclusive of Optional Support Services), and will adjust proportionally with the change in Xxxx of Materials as provided in Section 7.a.i. In the event that higi chooses to lease any additional kiosks, the parties expressly acknowledge and agree that they will negotiate and execute an appropriate lease agreement at that time.
Lease Option. At any time after Buyer has waived the Feasibility Matters in Section 6.1 and Seller has vacated the buildings located on Parcel B, Buyer may elect to execute a lease for use and occupancy of Parcel B prior to Closing, provided that (a) the Parties have determined that any such lease is in compliance with the Subdivision Map Act and any other applicable laws and regulations, and (b) the lease terms and conditions are set forth in a separate agreement that has been mutually agreed upon by the Parties and approved by Seller’s Board of Education. The Parties acknowledge and agree that in the event of any such lease of Parcel B, Buyer intends to commence certain improvements and alterations to the buildings thereon, which construction, if any, shall be in compliance with all applicable laws and policies. If the Parties are unable to agree on the terms and conditions of a lease, Buyer may deliver written notice to Seller electing to terminate this Agreement (the “Lease Termination Notice”), which Lease Termination Notice shall be effective thirty (30) days after its delivery (the “Lease Cure Period”). If Buyer delivers the Lease Termination Notice and Buyer and Seller are unable to agree on the terms and conditions of the lease prior to the expiration of the Lease Cure Period, then upon the next business day after the Lease Cure Period, (a) Escrow shall terminate, (b) Escrow Holder shall pay the Deposit (less the Non-Refundable Deposit) to Buyer without additional instructions from Seller, (c) Escrow Holder shall pay the Non-Refundable Deposit to Seller without additional instructions from Buyer, and (d) Escrow Holder shall immediately return all other documents, instruments and moneys to the Party that deposited the same. If Buyer delivers the Lease Termination Notice and Buyer and Seller are able to agree on a lease prior to the expiration of the Lease Cure Period, then the Parties shall proceed to Closing as if Buyer had not delivered the Lease Termination Notice (subject to all other conditions to Closing being satisfied or waived in accordance with this Agreement). Notwithstanding the generality of the foregoing, the Lease Termination Notice shall not be applicable in the event that the failure to finalize a lease is due to a force majeure event, including, but not limited to, any acts of God; riots, strikes, lockouts or civil disorder; acts of terrorism, rebellion, revolution, insurrection or war; or other unforeseeable acts or circumstances beyond the co...
Lease Option. At any time, at its sole discretion, Romarco may, upon giving Xxxx written notice, exercise an option to acquire a 100% leasehold interest in the Property, according to the terms of the Lease Agreement attached hereto as Schedule “B” (the “Lease Option Exercise”).
Lease Option. Lessee shall have four (4) options, if Lessee is not then ------------- in default under this Agreement, to extend the term of this Agreement for a period of five (5) years, each, (the "Extension Term") and except as provided in Section 4.3 hereof, on the same terms, covenants and conditions herein ----------- contained. The word "Term" as used in this Agreement shall be deemed to include the Extension Term when and if the Agreement is extended. The option to extend the Term shall be exercised only by Lessee's delivery to Lessor, by United States mail, on or before one hundred eighty (180) days prior to the Expiration Date, written notice of Lessee's election to extend as provided herein.
Lease Option. (a) ABX hereby grants to DHL an irrevocable option, in DHL’s sole and absolute discretion, to lease one or more of the Owned Aircraft (the “Lease Option”). The Lease Option may be exercised individually, collectively or otherwise.
Lease Option. (a) Buyer may elect to execute a lease for use and occupancy of Parcel B prior to Closing provided that (i) Seller has vacated the buildings located on Parcel B, (ii) Buyer has waived the Feasibility Matters in Section 5.1, has waived the loan contingency set forth in Section 11.1(e), has waived all other contingencies allowing it to terminate this Agreement, and has paid into Escrow the Feasibility Deposit, which shall become non-refundable to Buyer,
Lease Option. (a) CITY agrees to grant SELLER an option to ground lease the Property pursuant to terms of the Option Agreement of even date herewith for the construction of an affordable rental housing project, the Xxxxxx Lofts Apartments, and to record a Memorandum of Option in the Official Records of Santa Xxxxx County.
