OPTION TO BUY. Subject to the terms and conditions of this Agreement, Issuer hereby irrevocably grants Buyer an option ("Option") to purchase up to 1,000,000 shares of the Issuer's common stock ("Shares"). At any time during the Option Period, as set forth in Section 1.3, the Buyer may exercise his option to purchase the shares, any number of times up to and until all of the Shares offered herein are purchased.
OPTION TO BUY. (a) Provided Lessee is not in default under any term or provision of this Lease, is conducting its business at the Demised Premises and has exercised the renewal option contained in Paragraph 6(c), Lessee shall have the personal and non-transferable (except to an "Affiliate of Lessee" as defined in Paragraph 19(b)) option to acquire (i.e. "close") on the Demised Premises during the thirty (30) day period commencing August 1, 2005 and expiring August 31, 2005.
(b) To exercise this option, Lessee shall send written notice Certified Mail, Return Receipt Requested to Lessor at the address herein provided during the six month period commencing, on September 1, 2004 and expiring on February 28, 2005.
(c) The option price shall be the fair market value of the Demised Premises on the exercise date. The said fair market value shall be agreed upon by Lessee and Lessor within ten (10) business days from Lessor's receipt of the notice of exercise of this option by Lessee to Lessor. If the fair market value cannot be agreed upon within said ten (10) business days, the fair market value shall be detern3ined by two MAI appraisers, one to be selected and paid by Lessor and the other to be selected and paid by Lessee. Each appraiser shall have performed at least three (3) appraisals of commercial real estate located in Philadelphia County within the two (2) years preceding the notice of exercise; both appraisers shall be disinterested, objective and without any business dealings with either Lessee or Lessor prior to their appointment. In the event the two (2) appraisers so selected cannot agree on the fair market value, the appraisers shall select a third appraiser, the cost of which shall be shared by Lessee and Lessor and said appraised value shall be final. If a party fails to select an appraiser within fifteen (15) days following the expiration of the above referenced ten (10) business day period (to consensually establish the fair market value), or if an appraiser fails to submit his valuation to both parties within forty-five (45) days from the date of his appointment, then the appraised value shall be the valuation of the other party's appraiser. Upon establishing the fair market value, Lessee and Lessor shall enter into an agreement of sale which will provide for ten percent (10%) of the purchase price to be escrowed with Lessor's counsel and the balance of the purchase price to be paid in full on the date of closing, which date shall not extend beyond August 31, 2...
OPTION TO BUY. In consideration of the grant of the option in Clause 1 above on the death of any Party the surviving Parties shall have the option to purchase the deceased Party’s Share from the deceased Party’s personal representatives such option to be exercised in writing served upon the deceased’s personal representatives within three months from the date of death or within one month after a grant of representation in respect of the estate of the deceased has been obtained if later or such later time as the Parties shall, by mutual agreement, determine and on the exercise of such option the deceased’s personal representatives shall sell the Share to the surviving Parties.
OPTION TO BUY. The land upon which the historical building sits is held by the public and as such a private individual cannot be given rights to purchase.
OPTION TO BUY. In consideration of the grant of the option in Clause 1A above on the death of any Primary Owner the surviving Primary Owners shall have the option to purchase the deceased Primary Owner’s Share from the deceased Primary Owner’s personal representatives such option to be exercised in writing served upon the deceased’s personal representatives within three months from the date of death or within one month after a grant of representation in respect of the estate of the deceased has been obtained if later or such later time as the parties to this agreement shall, by mutual agreement, determine and on the exercise of such option the deceased’s personal representatives shall sell the Share to the surviving Primary Owners.
OPTION TO BUY. In consideration of the grant of the option in Clause 1 above on the death of the Shareholder the Company shall have the option to purchase the deceased Shareholder’s Shares from his personal representatives such option to be exercised in writing served upon the deceased’s personal representatives within three months from the date of death or within one month after a grant of representation in respect of the estate of the deceased has been obtained if later or such later time as the Parties shall, by mutual agreement, determine and on the exercise of such option the deceased’s personal representatives shall sell the Shares to the Company.
OPTION TO BUY. In consideration of the grant of the option in Clause 1 above in the event of the Incapacity of any Party the other Parties shall have the option to purchase from the incapacitated Party his Share such option to be exercised in writing served within six months from the date of the payment of the benefit under the said policy or such later time as the Parties shall, by mutual agreement, determine and on the exercise of such option the incapacitated Party shall sell the Share to the other Parties.
OPTION TO BUY. If the District elects to sell any or all of the Property during the period of this Agreement, it shall first notify the City. Within ninety (90) days of this notification, the City will notify the District of its intent to negotiate a purchase-sale agreement for the Property or a portion thereof. The terms of any purchase by the City pursuant to such election shall be as follows:
(a) The purchase price shall be fair market value set pursuant to RCW 28A.335.120 for the portion of the property being sold, less the remaining depreciated value of the City’s improvements being sold;
(b) Cash at closing;
(c) Closing within one (1) year of the City’s notification to the District of its intent to purchase the property;
(d) Insurable fee simple title.
OPTION TO BUY. After COMPANY has rented the Equipment for a continuous 18- month period and made all payments required under Paragraphs 2, 3, 4, and 7 herein, INTREPID will transfer the ownership of the Equipment to COMPANY.
OPTION TO BUY. Upon written notice to the Developer from the Buyer delivered at any time beginning after the first day of the twenty-first full calendar month following the date on which the last to open of the Retail Stores is opened (the "Buyer Commencement Date") and ending on the last day of the sixteenth succeeding whole calendar month following the Buyer Commencement Date (the "End Date"), the Buyer shall have the option (the "Buy Option") to require the Developer to sell to the Buyer, and the Developer shall be required to sell to the Buyer, all of the Assets pursuant to the terms of the Option Store Purchase Agreement. If the Buyer fails to timely provide such notice, the Buyer shall be deemed to have elected not to cause the Developer to sell the Assets.
