Common use of Lessor’s Option to Purchase Lessee’s Personal Property Clause in Contracts

Lessor’s Option to Purchase Lessee’s Personal Property. At the expiration or termination of this Lease, Lessor shall have the option on the terms hereinafter set forth to purchase any of Lessee's Personal Property that is not deemed to have been sold, assigned, transferred and conveyed to Lessor pursuant to Section 6.3 hereof, for an amount equal to the then fair market value thereof, subject to, and with appropriate credits for, any obligations owing from Lessee to Lessor and for the then outstanding balances owing on all equipment leases, conditional sale contracts and any other encumbrances to which such Lessee's Personal Property is subject. Lessor's option shall be exercised by Notice to Lessee no more than one hundred eighty (180) days, nor less than ninety (90) days, before the expiration of the Initial Term or, if the Term is renewed as provided herein, before the expiration of the last Renewal Term, unless this Lease is terminated prior to its expiration date by reason of an Event of Default, in which event Lessor's option shall be exercised not more than ninety (90) days after the date of termination. Lessor's option under this Section 34.1 shall terminate if not timely exercised. If Lessor exercises its option, Lessee shall, in exchange for Lessor's payment of the purchase price, deliver the purchased Lessee's Personal Property to Lessor, together with a bill xx sale and such other documents as Lessor may reasonably request in order to carry out the purchase, and the purchase shall be closed by such delivery and such payment on the date set by Lessor in its Notice of exercise. 34.2 Transfer of Operational Control of the Facilities. Lessee shall cooperate fully in transferring operational control of all of the Facilities which are then subject to this Lease to Lessor or Lessor's nominee if the Term expires without renewal or this Lease is terminated upon the occurrence of an Event of Default or for any other reason, and Lessee shall use reasonable efforts

Lessor’s Option to Purchase Lessee’s Personal Property. At the expiration or termination of this Lease, Lessor at Lessor’s option Lessee shall have the option on the terms hereinafter set forth to purchase any of Lessee's Personal Property that is not be deemed to have been sold, assigned, transferred and conveyed all of Lessee’s Personal Property not integral to the Primary Intended Use, or such portion thereof as may be designated by Lessor in its exercise of its option, to Lessor pursuant to Section 6.3 hereof, hereof for an amount equal to the then fair market value thereofof such Personal Property as determined pursuant to an appraisal, subject to, and with appropriate credits for, any obligations owing from Lessee to Lessor and for the then outstanding balances owing on all equipment leases, conditional sale contracts and any other encumbrances to which such Lessee's Personal Property is subject. Lessor's ’s option shall be exercised by Notice to Lessee no more than one hundred eighty (180) days, nor less than ninety (90) days, before the expiration of the Initial Term or, if the Term is renewed as provided herein, before the expiration of the last Renewal Term, unless this Lease is terminated prior to its expiration date by reason of an Event of Default, in which event Lessor's ’s option shall be exercised not more than ninety (90) days after the date Termination Date. If Lessee does not receive Lessor’s Notice exercising its option before the expiration of termination. the relevant time period, Lessee shall give Lessor Notice thereof, and Lessor's ’s option under this Section 34.1 shall terminate if not timely exercisedcontinue in full force and effect for a period of thirty (30) days after such Notice from Lessee. If Lessor exercises its option, Lessee shall, in exchange for Lessor's ’s payment of the purchase price, deliver the purchased Lessee's ’s Personal Property to Lessor, together with a bill xx bxxx of sale and such other documents as Lessor reasonably may reasonably request in order to carry out the purchase, and the purchase shall be closed by such delivery and such payment on the date set by Lessor in its Notice of exercise. 34.2 Transfer of Operational Control of the Facilities. Lessee shall cooperate fully in transferring operational control of all of the Facilities which are then subject to this Lease to Lessor or Lessor's nominee if the Term expires without renewal or this Lease is terminated upon the occurrence of an Event of Default or for any other reason, and Lessee shall use reasonable efforts

Lessor’s Option to Purchase Lessee’s Personal Property. At Effective on not less than ninety (90) days prior written Notice given at any time within one hundred eighty (180) days prior to the expiration of the Initial Term or any Extended Term of this Lease, but not later than ninety (90) days prior to such expiration, or such shorter Notice as shall be appropriate if this Lease is terminated prior to its expiration date, Lessor shall have the option to purchase all (but not less than all) of Lessees' Personal Property, if any, at the expiration or termination of this Lease, Lessor shall have the option on the terms hereinafter set forth to purchase any of Lessee's Personal Property that is not deemed to have been sold, assigned, transferred and conveyed to Lessor pursuant to Section 6.3 hereof, for an amount equal to the then fair market book value thereofthereof (acquisition cost less accumulated depreciation on the books of Lessees pertaining thereto), subject to, and with appropriate credits price adjustments for, any obligations owing from Lessee Lessees to Lessor and for the then outstanding balances owing on Lessor, all equipment leases, conditional sale contracts contracts, UCC-1 financing statements and any other encumbrances to which such Lessee's Lessees' Personal Property is subject. LessorUpon Lessee's purchase of a Facility, this option shall be exercised by Notice terminate with respect to Lessee no more than one hundred eighty (180) days, nor less than ninety (90) days, before Lessees' Personal Property in or used in connection with the expiration purchased Facility. If Lessor fails to notify Lessees of the Initial Term orexercise of such option to purchase Lessees' Personal Property within the required time, if the Term is renewed as provided herein, before the expiration of the last Renewal Term, unless this Lease is terminated prior to its expiration date by reason of an Event of Default, in which event Lessor's such option shall be exercised not more than ninety nevertheless remain full force and effect for a period of thirty (9030) days after Notice from Lessees subsequent to the date of termination. Lessor's option under this Section 34.1 shall terminate if not timely exercised. If required time advising Lessor exercises its option, Lessee shall, in exchange for Lessor's payment of the purchase price, deliver the purchased Lessee's Personal Property to Lessor, together with a bill xx sale and such other documents as Lessor may reasonably request in order to carry out the purchase, and the purchase shall be closed by such delivery and such payment on the date set by Lessor in its that Notice of exercisepurchase has not been received. 34.2 Transfer of Operational Control of the Facilities. Lessee shall cooperate fully in transferring operational control of all of the Facilities which are then subject to this Lease to Lessor or Lessor's nominee if the Term expires without renewal or this Lease is terminated upon the occurrence of an Event of Default or for any other reason, and Lessee shall use reasonable efforts

Lessor’s Option to Purchase Lessee’s Personal Property. At the expiration or termination of this Lease, Lessor shall have the option on the terms hereinafter set forth to purchase any of Lessee's Personal Property that is not deemed to have been sold, assigned, transferred and conveyed to Lessor pursuant to Section 6.3 hereof, at the expiration or termination of this Lease for an amount equal to the then fair market book value thereofthereof (acquisition cost less accumulated depreciation on the books of Lessee pertaining thereto), subject to, and with appropriate credits for, for any obligations owing from Lessee to Lessor and for the then outstanding balances owing on all equipment leases, conditional sale contracts and any other encumbrances to which such Lessee's Personal Property is subject. Lessor's option shall be exercised by Notice to Lessee no more than one hundred eighty (180) days, nor less than ninety (90) days, before the expiration of the Initial Term or, if the Term is renewed as provided herein, before the expiration of the last First Renewal Term or the Second Renewal Term, as the case may be, unless this Lease is terminated prior to its expiration date (i) by reason of an Event of Default, in which event Lessor's option shall be exercised not more than within ninety (90) days after following the date of termination, or (ii) by reason of the exercise by a Lessee of a right to terminate provided for herein in the event of a Taking, in which event Lessor's option shall be exercised within forty-five (45) days following Lessee's exercise of such right. Lessor's option under this Section 34.1 shall terminate if not timely exercisedupon Lessee's purchase of the applicable Leased Property. If Lessor exercises its option, Lessee shall, in exchange for Lessor's payment of the purchase price, deliver the purchased Lessee's Personal Property to Lessor, together with a bill xx xxxx of sale and such other documents as Lessor may reasonably request in order to carry out the purchasepurchase of Lessee's Personal Property, and the such purchase shall be closed by such delivery and such payment on the date set by Lessor in its Notice of exercise. 34.2 Transfer of Operational Control of the Facilities. Lessee shall cooperate fully in transferring operational control of all of the Facilities which are then subject to this Lease to Lessor or Lessor's nominee if the Term expires without renewal or this Lease is terminated upon the occurrence of an Event of Default or for any other reason, and Lessee shall use reasonable efforts