Option Property. Notwithstanding anything contained herein to the contrary, Executive is not prohibited by this Section 8 from (i) maintaining his or her investment in any Option Property (as such term is defined in the Employer's final prospectus relating to the IPO) or in any asset listed in the Employer's final prospectus relating to the IPO under the caption "The Properties - Assets Not Being Transferred to the Company" or (ii) from making investments in any entity that engages, directly or indirectly, in the acquisition, development, construction, operation, management or leasing of office real estate properties, regardless of where they are located, if the shares or other ownership interests of such entity are publicly traded and Executive's aggregate investment in such entity constitutes less than one percent (1%) of the equity ownership of such entity.
Option Property. The Option Property is a parcel of approximately 62 acres in the City of Berlin, Coos County, New Hampshire as more particularly described in Exhibit A hereto, which parcel constitutes Parcel No. on the City of Berlin property tax records. The Option Facilities include the electric generation plant located on the Option Property, together with all associated real, personal and intangible property.
Option Property. The Option Property consists of approximately a 50 foot wide strip of land east of the main building on the Owned Real Property boarding the Eastern property line and running from Dowling Road at the South to the railroad tracks on the North ("Option Pxxxxxxx").
Option Property. The "Option Property" means all of Lessor’s right, title and interest in the Leased Properties, excluding the following items:
Option Property. As shown in Exhibit G, Owner will maintain ownership of approximately 18,500 s.f. of land along NE 00xx Xxxxxx between Lumiere Ave NE and 000xx Xxxxxx XX as a part of the land swap being implemented by recordation of the BLA (“Option Property”). The City of Xxxxxxx and the City of Bellevue have a planned westbound dual left turn lane improvement at the intersection of NE 00xx Xxxxxx xxx 000xx Xxxxxx XX. Prior to receiving a certificate of occupancy for Phase 1 development, Owner or its successor agrees to dedicate approximately feet of its Option Property along NE 20th Street between Lumiere Avenue NE and 148th Avenue NE, as generally shown in Exhibit (“Dedicated Property”), for the purposes of landscaping and parking. At the time this right of way dedication is recorded, the City agrees to record an exclusive easement of the Dedicated Property to Owner or its successor, the form of which is attached as Exhibit E. This easement will extinguish upon approval of a Master Plan for the property currently owned by Regency. If a Master Plan for the property currently owned by Regency is not approved by December 31, 2038, the easement will extinguish. Owner agrees to indemnify the City during the term of the easement. The City agrees that street and frontage improvements along NE 00xx Xxxxxx and 148th Avenue NE is not required for this development as proposed.
Option Property. The County agrees, at the request of the Company, to purchase the Option Property and resell the Option Property to the Company on the terms and conditions, and at the price set forth in, that certain Option Agreement for the Purchase of Real Property dated as of December 11, 2014 (the “Option Agreement”) between the County and Palmetto Industrial Park II, LLC and Palmetto Industrial Park, LLC (collectively, the “Seller”); provided, however, the County’s obligation to so purchase the Option Property shall be contingent upon bond proceeds from the issuance of the Base Special Source Revenue Bonds being available to make such purchase. The Company shall be responsible for all due diligence associated with acquisition of the Option Property; provided that the County agrees to share with the Company any due diligence reports with respect to the Option Property which the County has in its possession and to cooperate with the Company and its agents in gaining access to the Option Property in order to perform such due diligence. Upon the request of the Company, the County shall, in the alternative and with the consent of Seller, assign to the Company its rights under the Option Agreement whereupon the Company will pay to the County at closing on the Company’s acquisition of the Option Property from Seller an amount sufficient to reimburse the County for (i) any option price and/or xxxxxxx money deposits theretofore paid to Seller by the County and (ii) engineering fees incurred by the County in connection with the Option Property and submitted to the Company prior to the date of this Agreement.
Option Property. For purposes of this Agreement, the “Option Property” means the Real Property, together with all rights and appurtenances pertaining to the Real Property.
Option Property. (a) The City hereby grants an option to Owner to purchase the Option Property as shown in Exhibit L, subject to the terms and conditions of this Section. The Owner may purchase the Option Property in its entirety (i.e. 3.6 acres) at one time or in no more than three (3) total phases (each, an “Option Property Closing”). If the Owner purchases the Option Property in phases, then the first purchase must comprise at least two acres and each subsequent purchase must comprise at least 0.8 acre.
Option Property. The term “OP Outside Date” as used in Section 28(A)(g) of the Purchase Agreement is hereby modified to mean the date which is two (2) years after the Closing Date. The provisions of Section 28(A)(g) of the Purchase Agreement shall survive Closing.
Option Property. Tenant’s option to purchase shall include all Real Property and improvements which constitute the Leased Premises (the commercial building and Real Property on which it is located and the Primary Parking Facilities), and, at Tenant’s option, may or may not, at Tenant’s option, include Supplemental Lot No. 2 (as more fully described in paragraph 11.7 above). Notwithstanding the foregoing, Tenant may not exercise its option to purchase Supplemental Lot No. 2 unless it also exercises its option to purchase the remainder of the Leased Premises.
