Common use of Lessee Purchase Option Clause in Contracts

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).

Appears in 1 contract

Samples: Lease Agreement (Smart & Final Inc/De)

AutoNDA by SimpleDocs

Lessee Purchase Option. If 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 if provided, that the Election Notice has been appropriately given specifying the Purchase Option, Lessee shall purchase all of 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).

Appears in 1 contract

Samples: Lease Agreement (Performance Food Group Co)

Lessee Purchase Option. If 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 PropertiesProperty) and if provided, that the Election Notice has been appropriately given specifying the Purchase Option, Lessee (or its designee) shall purchase all the Properties Property on the Expiration Date or Payment Date at a price equal to the Termination Value and for the Prepayment Fee, if any, for such Properties Property (which the parties do not intend to be a "bargain" purchase price).

Appears in 1 contract

Samples: Lease Agreement (Catalina Marketing Corp/De)

AutoNDA by SimpleDocs

Lessee Purchase Option. If Provided, no Default or Event of Default shall have occurred and be continuing (other than those and provided 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 Property on the Expiration Date or Payment Date (all as specified in the Election Notice) 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).

Appears in 1 contract

Samples: Deed of Lease Agreement (Lci International Inc /Va/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!