Common use of Option of Lessee Clause in Contracts

Option of Lessee. The Lessee, by giving at least sixty (60) days' written notice to the Lessor and the Trustee prior to the end of the Initial Term or any Renewal Term, may elect to purchase the Facilities and terminate the Ground Lease by making payment to the Trustee of the lesser of (i) the then applicable Option Price set forth on Schedule F of this Lease at a closing to be scheduled by the Lessor pursuant to Section 3.4(c) of this Lease or (ii) the amount necessary to defease the Bonds in accordance with Article XIII of the Indenture.

Option of Lessee. The Lessee, by giving at least sixty (60) days' written notice to the Lessor and the Trustee prior to the end of the Initial Term or any Renewal Terma Lease Payment Date, may elect to purchase the Facilities and terminate the Ground Site Lease by making payment to the Trustee of the lesser greater of (i) the then applicable Option Price set forth on Schedule F D of this Lease at a closing to be scheduled by the Lessor pursuant to Section 3.4(c) of this Lease or (ii) the amount necessary to defease the Bonds in accordance with Article XIII of the Indenture.

Option of Lessee. The Lessee, by giving at least sixty (60) days' written notice to the Lessor and the Trustee prior to the end of the Initial Term or any Renewal Terma Lease Payment Date, may elect to purchase the Facilities Property and terminate the Ground Land Lease by making payment to the Trustee of the lesser greater of (i) the then applicable Option Price set forth on Schedule F D of this Lease at a closing to be scheduled by the Lessor pursuant to Section 3.4(c) of this Lease or (ii) the amount necessary to defease the Bonds in accordance with Article XIII of the Indenture.

Option of Lessee. The Lessee, by giving at least sixty (60) days' written notice to the Lessor and the Trustee prior to the end of the Initial Original Term or any Renewal Term, may elect to purchase the Facilities and terminate the Ground Lease by making payment to the Trustee of the lesser greater of (i) the then applicable Option Price set forth on Schedule F D of this Lease at a closing to be scheduled by the Lessor pursuant to Section 3.4(c) of this Lease or (ii) the amount necessary to defease the Bonds in accordance with Article XIII of the Indenture.

Option of Lessee. The Lessee, by giving at least sixty (60) days' written notice to the Lessor and the Trustee prior to the end of the Initial Term or any Renewal Term, may elect to purchase the Facilities and terminate the Ground Lease by making payment to the Trustee of the lesser greater of (i) the then applicable Option Price set forth on Schedule F of this Lease at a closing to be scheduled by the Lessor pursuant to Section 3.4(c) of this Lease or (ii) the amount necessary to defease the Bonds in accordance with Article XIII of the Indenture.