OPTION TO PURCHASE ASSETS. Upon termination or expiration of this Agreement, you hereby grant Liberty or its assignee the option to purchase from you some or all of the assets (including, but not limited to, supplies, equipment, signs, furnishings and fixtures) of the Franchised Business. Liberty may exercise this option by transmitting notice to you within thirty (30) days from the effective date of expiration or termination. If Liberty elects to exercise this option, the purchase price for the assets of the Franchised Business, will be the “adjusted book value” as described below. Liberty will have the right to set off and reduce the purchase price by any and all amounts owed by you to Liberty or any of Liberty’s affiliates. The “adjusted book value” is the book value of the assets of the Franchised Business as listed on the balance sheet in the financial statements of the Franchised Business as of the date of the termination or expiration. There shall be no allocation for goodwill or any similar adjustment in the adjusted book value.
OPTION TO PURCHASE ASSETS. 1.1 In consideration of Buyer entering into the TBA with Seller upon the terms and conditions set forth therein, Seller hereby grants to Buyer an exclusive, irrevocable option (the "Option") to purchase the assets, real, personal and mixed, tangible and intangible, owned and held by Seller that are used in the conduct of the business and operations of the Station (the "Station Assets"), free and clear of all material debts, liens, encumbrances or other liabilities, subject to the terms and conditions set forth herein.
OPTION TO PURCHASE ASSETS. 3.1. On the terms and subject to the conditions of this Agreement, and for the consideration of CSI loaning funds pursuant to Article 2, above, STI hereby grants to CSI an option (the “Option”) to purchase the Assets (as defined in paragraph 3.1.1, below) on the terms set forth below:
OPTION TO PURCHASE ASSETS. Party C hereby grants to Party A an irrevocable and exclusive right to purchase, pursuant to which Party A may, within the scope permitted by Chinese laws and regulations, purchase any part or all of Party C’s assets from Party C at any time at Party A’s discretion and in accordance with the steps determined by Party A, at the lowest price permitted by Chinese law. At that time, Party A or the designated Party and Party C will sign a separate asset transfer contract to stipulate the terms and conditions of the asset transfer.
OPTION TO PURCHASE ASSETS. Subject to the satisfaction or waiver of the conditions set forth in Article V hereof, the Company hereby grants to Optionee the option to purchase substantially all of the Assets (the "Option") during the Option Period (as defined in Section 1.2 of this Agreement), as the same may be extended pursuant to the terms hereof, or such later date as the Parties shall mutually agree upon. The date on which the Option becomes effective is referred to herein as the "Option Effective Date."
OPTION TO PURCHASE ASSETS. Upon liquidation proceedings as per Article 9.4, any Party may purchase all or part of those assets at a purchase price equal to their fair market value, as determined by the Parties by agreement (or by the Independent Valuator, if no written agreement is reached within thirty (30) days). Such price may be paid by way of offset against any amount that may be owed by the Company to the purchasing Party.
OPTION TO PURCHASE ASSETS. 丙方在此不可撤销地授予甲方在中国法律允许的前提下，按照甲方自行决定的行使步骤，并按照本协议第1.8条所述的价格，随时一次或多次从丙方购买或指定一人或多人(各称为“被指定人”)从丙方购买其所拥有的全部或部分资产的一项不可撤销的专有权(“资产购买权”)。除甲方和被指定人外，任何第三人均不得享有资产购买权或其有关的权利（丙方日常经营活动中产生的该等权利除外）。 Party C hereby irrevocably grants Party A an irrevocable and exclusive right to purchase, or designate one or more persons (each, a “Designee”) to purchase the assets owned by Party C once or at multiple times at any time in part or in whole at Party A’s sole and absolute discretion to the extent permitted by PRC laws and at the price described in Section 1.8 herein (such right being the “Asset Purchase Option”). Except for Party A and the Designee(s), no other person shall be entitled to the Asset Purchase Option or other rights with respect to the assets of Party C (other than in the ordinary course of business of Party C).
OPTION TO PURCHASE ASSETS a. If Parent or Company becomes subject to a Purchase Event, Company agrees to give to E*TRADE prompt notice upon learning of the occurrence of any Purchase Event, or, if no such notice is given, E*TRADE may provide notice to Company of a Purchase Event (the “Event Notice”). For a period of ninety (90) days after the date of the Event Notice, E*TRADE shall have the right, but not the obligation, to purchase from the Company, and the Company shall upon the exercise of such right be obligated to sell to E*TRADE, at the purchase price and on the terms set forth in this Agreement, the Assets.
OPTION TO PURCHASE ASSETS a. In consideration of $100 and other good and valuable consideration, the sufficiency of which is hereby acknowledged by Seller, Seller hereby sells and grants to Buyer an exclusive option (the "Option") to purchase all of the operating assets used by Seller in connection with the Business, including but not limited to the distribution rights to a private label version of The Medical Manager with fully paid up perpetual rights to market it under the name "The System by 16 MEDIX", customer lists, accounts receivable, service contracts, plant, property and equipment, service department tools, spare parts, inventory, rights to software programs and documentation including conversion and customized programs, printed forms, signs, marketing material, rights to existing telephone numbers, cash (after reflecting all outstanding uncleared items) in the sum of $80,000 plus the amount of all deposits from customers/clients and/or others, any other rights arising under deposits from customers/clients and/or others, patents, patents pending, trade secrets, copyrights, trade names, trademarks, logos, advertising work, contract rights, drawings, production computer and related software and documentation, licenses, inventions, processes, books, records, goodwill and other proprietary rights or tangible or intangible assets used in connection with the Business (collectively, the "Business Assets"), certain of which are identified in Exhibit 1.1(a), but excluding assets identified in Exhibit 1.1(b) (the "Excluded Assets"), subject to the terms and conditions set forth herein.
OPTION TO PURCHASE ASSETS. Owner hereby grants to Last Chance the exclusive option, right and privilege to purchase the Assets for the total sum of One Dollar ($1.00) at any time after the 18th anniversary of the Closing and prior to the expiration of the Term of this Agreement as provided in Section 4. The option must be exercised, if at all, as to all of the Option Assets and simultaneously as to all option agreements contained in the Integrated Agreements. Last Chance shall exercise the option by written notice thereof to Owner (Notice of Exercise) within said period. Upon receipt of the Notice of Exercise by Owner, the parties shall open an escrow with the title company selected by Owner under Section 2.3.
