Lease Option Sample Clauses

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. Agent shall have the option (the "Lease Option"), exercisable by written notice of such exercise to Owner Trust not later than the sixtieth (60th) day (or thirtieth (30th) day, if Agent informed Owner Trust of its intent to exercise the Purchase Option or Lease Option pursuant to Section 10.1(f)) prior to the scheduled date of Completion of the Facility, to cause Owner Trust to enter with Agent on or before the Completion Date a supplement to the Lease in recordable form substantially in the form attached hereto as Exhibit I (the "Lease Supplement") pursuant to which the term of the Lease will commence with respect to the Facility, subject to the following terms and conditions: (a) Agent shall deliver a customary legal opinion with respect thereto in form and substance reasonably acceptable to Owner Trust and Administrative Agent; (b) no Agent Default, Agent Event of Default or Owner Trust Termination Event shall have occurred and be continuing; (c) effective on the date of execution and delivery of the supplement to the Lease (the "Lease Commencement Date") and all related agreements and instruments, the term of the Lease shall commence and the Termination Date shall be extended to the Expiration Date as defined in the Lease, provided, however, that it shall be a condition to such extension and to the execution and delivery of the supplement to the Lease and the related agreements and instruments that Agent shall have confirmed in writing to Owner Trust and Administrative Agent that (i) no Agent Default, Agent Event of Default or Owner Trust Termination Event shall have occurred and be continuing and (ii) that its and Guarantor's representations and warranties in this Agreement and the other Operative Agreements are true and correct in all material respects as if made on and as of the Lease Commencement Date (except for those representations or warranties or parts thereof that, by their terms, expressly relate solely to a specific date, in which case such representations and warranties shall be true and correct in all material respects as of such specific date); and (d) if Agent exercises the Lease Option, all of Agent's obligations hereunder shall continue until the Completion Date and the Deposit Account Collateral, including the Collateral Agreement, shall remain in place until such time as all of the provisions of this Section 10.2 and Exhibit I hereto have been satisfied, at which time this Agreement shall terminate (except for those provisions which...

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. 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. 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. 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. Sublandlord grants to Subtenant an option to lease additional space in the Facility more commonly known as the System 9 area and adjacent offices, designated by double crosshatching on the attached Exhibit B (“Option Space”), subject to all required notices and consents set forth in the Master Lease. Subtenant may exercise its option for the Option Space at any time prior to ninety (90) days prior to the first anniversary of the date of this Sublease, with the lease for the Option Space commencing the earlier to occur of (i) use or occupancy of the Option Space by Subtenant; or (ii) ninety (90) days following written notice of exercise to Sublandlord. In addition, at any time prior to the first anniversary of the date of this Sublease Sublandlord shall give written notice (“Option Space Notice”) to Subtenant if Sublandlord intends to sublease the Option Space. Subtenant shall then have five (5) business days to exercise its option for the Option Space pursuant to written notice to Sublandlord. If Subtenant fails to exercise the foregoing option within the five-day period, the lease option shall immediately expire; but if Sublandlord then fails to enter into a sublease of the Option Space to another within 90 days following the date the Option Space Notice was given, Sublandlord must give Subtenant another Option Space Notice and opportunity to take the Option Space as described in this Section.. In the event Subtenant exercises its option for the Option Space, it will lease the Option Space upon the same terms and conditions provided under this Sublease, subject to appropriate adjustments for the additional leased space, including without limitation in the square footage, Basic Rent and Subtenant’s Pro Rata Share.

Lease Option. LESSEE is hereby given the express option to renew this lease agreement as follows: Two (2) additional periods of five (5) years each on the same terms and conditions as contained herein. In the event LESSEE wishes to exercise its said option for any renewal period, it shall give CITY sixty (60) days notice in writing prior to the termination of each period respectively.

Lease Option. The Counterparty also agreed to grant to or arrange and procure the other Forest Land Holder(s) to grant to the Purchaser an option (exercisable in whole or may be exercised by stage) to lease the Forest Land Use Right of the Forest Land for 30 years after harvesting. The Lease Option is exercisable by the Purchaser within 5 years after harvesting and in any event within 9 years from the date of execution of the Master Agreement. The Purchaser and the Counterparty (or the relevant Forest Right Holders (as the case may be)) shall enter into Definitive Agreement(s) to set out the terms of the acquisition of the Target Assets or the lease of the Forest Land Use Right of the Forest Land after harvesting upon exercise of the Purchase Right and/or the Lease Option. and the Lease The Purchase Price is subject to further negotiation and Option finalization to be set out in the Definitive Agreement(s), provided that the Purchase Price will not in any event exceed RMB400 per cubic meter (subject to any applicable laws and regulations). Subject to any applicable laws and regulations, the Purchase Price shall be satisfied by a combination of cash, the issue of new shares of the Company (the “Consideration Shares”) and/or the issue of convertible notes (the “Convertible Notes”) which entitle the holder(s) thereof to subscribe for new shares of the Company (the “Conversion Shares”). The combination of payment method by which the Purchase Price is to be satisfied, the issue price of the Consideration Shares and the conversion price of the Convertible Notes are subject to further negotiation and finalization, the terms of which are to be set out in the Definitive Agreement(s).

Lease Option. When the Lease Option is exercised by the Lessee, the per- square-foot Lease Payment will be the same per-square-foot Lease Rate as Hangar 71 at the time the Lease Option is exercised.