Lessee Purchase Option. Provided, no Default or Event of Default shall have occurred and be continuing (other than those that will be cured by the payment of the Termination Value for all the Properties) and provided, that the Election Notice has been appropriately given specifying the Purchase Option, Lessee shall purchase and Lessor shall sell all, but not less than all, the Properties on the Expiration Date or each Property or any Property as elected for any Payment Date prior to the Expiration Date at a price equal to the Termination Value for such Properties (which the parties do not intend to be a “bargain” purchase price). Subject to Section 19.2, in connection with any termination of this Lease with respect to any Property pursuant to the terms of Section 16.2, or in connection with Lessee’s exercise of its Purchase Option, upon the date on which this Lease is to terminate with respect to a Property or all of the Properties, and upon tender by Lessee of the amounts set forth in Section 16.2(b) or this Section 20.2, as applicable, Lessor shall execute, acknowledge (where required) and deliver to Lessee, at Lessee’s cost and expense, each of the following: (a) a special warranty Deed conveying each Property to the extent it is real property to Lessee free and clear of the Lien of this Lease, the Lien of the Credit Documents and any Lessor Liens; (b) a special warranty Xxxx of Sale conveying each Property (to the extent it is personal property) to Lessee free and clear of the Lien of this Lease, the Lien of the Credit Documents and any Lessor Liens; (c) any real estate tax affidavit or other document required by law to be executed and filed in order to record the applicable Deed; (d) FIRPTA affidavits; and (e) any affidavits or similar documents reasonably and customarily required by the title company in connection with such transactions. All of the foregoing documentation must be in form and substance reasonably satisfactory to Lessor and Lessee. No affidavit or other document required by any title company as referenced above shall require any representation, warranty or certification from Lessee beyond those to be addressed in the Deed and Xxxx of Sale referenced above. The applicable Property shall be conveyed to Lessee “AS-IS, WHERE-IS”. If any Property is the subject of remediation efforts respecting Hazardous Substances at the Expiration Date which could materially and adversely impact the Fair Market Sales Value of such Property (with materiality determined in Lessor’...
Lessee Purchase Option. If no Default or Event of Default shall have occurred and be continuing (other than those that will be cured by the payment of the Termination Value for all the Properties) and if the Election Notice has been appropriately given specifying the Purchase Option, Lessee shall purchase all the Properties on the Expiration Date or Payment Date at a price equal to the Termination Value and the Prepayment Fee, if any, for such Properties (which the parties do not intend to be a "bargain" purchase price).
Lessee Purchase Option. Pursuant to Article 20 of the Lease, Lessee has the option to purchase the Property on the expiration date of the term of the Lease.
Lessee Purchase Option. If Lessee elects the Lessee Purchase Option, then on the Termination Date Lessee shall purchase all (but not less than all) of the Equipment for an amount equal to the Lease Balance. Lessee shall also pay to Administrative Agent all accrued unpaid Rent and all other amounts, if any then due and owing hereunder. Upon the payment in full of such sums by wire transfer of immediately available funds by Lessee in accordance with the provisions of the preceding sentence, the obligation of Lessee to pay Rent hereunder with respect to such Equipment shall cease, the term of this Lease with respect to such Equipment shall end on the date of such payment and Administrative Agent, on behalf of Lessors, shall execute and deliver to Lessee such documents as may be reasonably required to release such Equipment from the terms and scope of this Lease (without representations or warranties, except that such Equipment is free and clear of Lessor Liens), in such form as may be reasonably requested by Lessee, all at Lessee's sole cost and expense.
Lessee Purchase Option. Provided, no Default or Event of Default shall have occurred and be continuing (other than those that will be cured by the payment of the
Lessee Purchase Option. Provided, no Lease Default or Lease Event of Default shall have -------- occurred and be continuing (other than those that will be cured by the payment of the Termination Value for the Property) and provided, that the Election -------- Notice has been appropriately given specifying the Purchase Option, Lessee shall purchase the Property on the applicable Election Date at a price equal to the Termination Value for the Property (which the parties do not intend to be a "bargain" purchase price).
Lessee Purchase Option. Provided, no Default or Event of Default shall have occurred and be continuing (other than those that will be cured by the payment of the Termination Value for all the Properties) and provided, that the Election Notice has been appropriately given specifying the Purchase Option, Lessee shall purchase all the Properties on the applicable Election Date at a price equal to the Termination Value for such Properties (which the parties do not intend to be a "bargain" purchase price). Subject to Section 19.2, in connection with any termination of this Lease with respect to any Property pursuant to the terms of Section 16.2, or in connection with Lessee's exercise of its Purchase Option, upon the date on which this Lease is to terminate with respect to a Property or all of the Properties, and upon tender by Lessee of the amounts set forth in Section 16.2(b) or this Section 20.2, as applicable, Lessor shall execute, acknowledge (where
Lessee Purchase Option. Landlord herein grants Lessee an option to purchase the Leased Premises and all improvements constructed thereon from Landlord pursuant to the following terms and conditions:
Lessee Purchase Option. Provided, no Default or Event of Default shall have occurred and be continuing (other than those that will be cured by the payment of the Termination Value for all the Properties) and provided, that the Election Notice has been appropriately given specifying the Purchase Option, Lessee shall purchase all the Properties (or if applicable, and upon satisfaction of all Parcel Sale Requirements, one or more, but less than all, the Properties or a portion of any Property pursuant to a notice provided in accordance with Section 20.1) on the Expiration Date or Payment Date at a price equal to the Termination Value for such Properties (which the parties do not intend to be a "bargain" purchase price). Subject to Section 19.2, in connection with any termination of this Lease with respect to any Property pursuant to the terms of Section 16.2, or in connection with Lessee's exercise of its Purchase Option, upon the date on which this Lease is to terminate with respect to a Property or all of the Properties, and upon tender by Lessee of the amounts set forth in Section 16.2(b) or this Section 20.2, as applicable, Lessor shall execute, acknowledge (where
Lessee Purchase Option. (a) At any time during the Term, Lessee may deliver to Lessor a notice of exercise of its option to purchase (the "Option to Purchase") Lessor's interest in the Property.
(b) Any exercise of Lessee's Option to Purchase shall be irrevocable and unconditional and shall set forth the applicable Purchase Price. The procedure for the purchase of the Property and the purchase price therefor shall be governed by paragraph 15 hereof.
