Common use of Lessee's Option to Purchase Clause in Contracts

Lessee's Option to Purchase. Subject to the terms, conditions and provisions set forth in this Article XIV, each Lessee shall have the option (a "Purchase Option"), to be exercised as set forth below, to purchase from Lessor, Lessor's interest in any or all of the Leased Properties. Such option must be exercised with respect to any Leased Property by written notice to Lessor not later than six months prior to the Lease Termination Date, which notice shall be irrevocable; such notice shall specify the Leased Property to be purchased, and the date that such purchase shall take place, which date shall be a date occurring not less than sixty (60) days after such notice or the Lease Termination Date (whichever is earlier). If the Purchase Option is exercised pursuant to the foregoing with respect to any Leased Property, then, subject to the provisions set forth in this Article XIV, on the applicable purchase date or the Lease Termination Date, as the case may be, Lessor shall convey to the related Lessee, by special or limited warranty deed and xxxx of sale, without recourse or warranty (other than as to the absence of Lessor Liens) and the related Lessee shall purchase from Lessor, Lessor's interest in the Leased Property or Leased Properties that are the subject of such Purchase Option.

Lessee's Option to Purchase. Subject to the terms, conditions and provisions set forth in this Article XIV, each Lessee shall have the option (a the "Purchase Option"), to be exercised as set forth below, to purchase from Lessor, Lessor's interest in any or all of the Leased PropertiesProperty. Such option must be exercised with respect to any Leased Property by written notice to Lessor not later than six twelve months prior to the Lease Termination Date, Date which notice shall be irrevocable; such notice shall specify the Leased Property to be purchased, and the date that such purchase shall take place, which date shall be a date occurring not less than sixty thirty (6030) days after such notice or the Lease Termination Date (whichever is earlier). If the Purchase Option is exercised pursuant to the foregoing with respect to any Leased Propertyforegoing, then, subject to the provisions set forth in this Article XIV, on the applicable purchase date or the Lease Termination Date, as the case may be, Lessor shall convey to the related Lessee, by special or limited warranty deed and xxxx of sale, without recourse or warranty (other than as to the absence of Lessor Liens) and the related Lessee shall purchase from Lessor, Lessor's interest in the Leased Property or Leased Properties that are the subject of such Purchase Optionin accordance with Section 14.5.

Lessee's Option to Purchase. Subject to the terms, conditions and provisions set forth in this Article XIV, each Lessee shall have the option (a "the “Purchase Option"”), to be exercised as set forth below, to purchase from Lessor, Lessor's ’s interest in any or all of the Leased Properties. Such option must be exercised with respect to any Leased Property by written notice to Lessor not later than six twelve months prior to the scheduled Lease Termination Date, which notice shall be irrevocable; such notice shall specify the Leased Property with respect to be purchasedwhich such Purchase Option is being exercised, and the date that such purchase shall take place, which date shall be a date occurring not less than sixty (60) days after such notice or the Lease Termination Date (whichever is earlier). If the Purchase Option is exercised pursuant to the foregoing with respect to any Leased Propertyforegoing, then, subject to the provisions set forth in this Article XIV, on the applicable purchase date or the Lease Termination Date, as the case may be, Lessor shall convey to the related Lessee, by special or limited warranty deed and xxxx of sale, without recourse or warranty (other than as to the absence of Lessor Liens) and the related Lessee shall purchase from Lessor, Lessor's ’s interest in the Leased Property or Leased Properties that are the subject of such Purchase OptionOption pursuant to Section 14.5.

Lessee's Option to Purchase. Subject to the terms, conditions and provisions set forth in this Article XIV, each the Lessee shall have the option (a "the “Purchase Option"”), to be exercised as set forth below, to purchase from Lessor, Lessor's ’s interest in any or all of the Leased PropertiesProperty. Such option must be exercised with respect to any Leased Property by written notice to Lessor and the Agent not later than six months prior to the Lease Termination Date, Date which notice shall be irrevocable; such notice shall specify the Leased Property to be purchased, and the date that such purchase shall take place, which date shall be a date occurring not less than sixty (60) days after such notice or the Lease Termination Date (whichever is earlier). If the Purchase Option is exercised pursuant to the foregoing with respect to any Leased Propertyforegoing, then, subject to the provisions set forth in this Article XIV, on the applicable purchase date or the Lease Termination Date, as the case may be, Lessor shall convey to the related Lessee, by special or limited warranty deed and xxxx of sale, without recourse or warranty (other than the warranty of title set forth in the special warranty deed and as to the absence of Lessor Liens) and the related Lessee shall purchase from Lessor, Lessor's ’s interest in the Leased Property or Leased Properties that are the subject of such Purchase OptionProperty.