Common use of Option to Purchase Facility and to Terminate Agreement Clause in Contracts

Option to Purchase Facility and to Terminate Agreement. (a) Subject to compliance with Section 8.5 hereof, the Lessee shall have the option to purchase the Agency’s interest in the Facility and to terminate this Agreement on any date during the term hereof by paying all Rental Payments due and payable hereunder to the date such purchase option is exercised. The Lessee shall exercise such option by delivering to the Agency a written notice of an Authorized Representative of the Lessee to the Chief Executive Officer or other Authorized Representative of the Agency stating that the Lessee has elected to exercise its option under this Section 8.1(a) and the date on which such purchase and termination is intended to be made. In addition, the Lessee shall purchase the Agency’s interest in the Facility on the scheduled expiration date of this Agreement by paying on such date any and all Rental Payments then due hereunder through such date. (b) The Lessee, in purchasing the Agency’s interest in the Facility and terminating this Agreement pursuant to Section 8.1(a) hereof, shall pay to the Agency, as the purchase price, in legal tender, an amount equal to all Rental Payments then due and payable hereunder to the date such purchase option is exercised, plus one dollar ($1.00). (c) The Lessee shall not, at any time, assign or transfer its option to purchase the Agency’s interest in the Facility as contained in this Section 8.1 separate and apart from a permitted assignment of this Agreement pursuant to the terms of Section 9.3 hereof without the prior written consent of the Agency.

Option to Purchase Facility and to Terminate Agreement. (a) Subject to compliance with Section 8.5 hereof, the Lessee shall have the option to purchase the Agency’s interest in the Facility and to terminate this Agreement on any date during the term hereof by paying all Rental Payments due and payable hereunder to the date such purchase option is exercised. The Lessee shall exercise such option by delivering to the Agency a written notice of an Authorized Representative of the Lessee to the Chief Executive Officer or other Authorized Representative of the Agency stating that the Lessee has elected to exercise its option under this Section 8.1(a) and the date on which such purchase and termination is intended to be made. In addition, the Lessee shall purchase the Agency’s interest in the Facility on the scheduled expiration date of this Agreement pursuant to Section 3.2 hereof by paying on such date any and all Rental Payments then due hereunder through such date. (b) The Lessee, in purchasing the Agency’s interest in the Facility and terminating this Agreement pursuant to Section 8.1(a) hereof, shall pay to the Agency, as the purchase price, in legal tender, an amount equal to all Rental Payments then due and payable hereunder to the date such purchase option is exercised, plus one dollar ($1.00). (c) The Lessee shall not, at any time, assign or transfer its option to purchase the Agency’s interest in the Facility as contained in this Section 8.1 separate and apart from a permitted assignment of this Agreement pursuant to the terms of Section 9.3 hereof without the prior written consent of the Agency.

Option to Purchase Facility and to Terminate Agreement. (a) Subject to compliance with the provisions of Section 8.5 8.3 hereof, the Lessee Company shall have the option to purchase the Agency’s leasehold interest in the Facility and to terminate this Agreement on any date during the term hereof by paying all Rental Payments due and payable hereunder to the date such purchase option is exercised. The Lessee Company shall exercise such option by delivering to the Agency a written notice of an Authorized Representative of the Lessee Company to the Chief Executive Officer or other an Authorized Representative of the Agency stating that the Lessee Company has elected to exercise its option under this Section 8.1(a) and the date on which such purchase and termination is intended to be made. In addition, the Lessee Company shall purchase the Agency’s leasehold interest in the Facility on the scheduled expiration date of this Agreement by paying on such date any and all Rental Payments then due hereunder through such datehereunder. (ba) The LesseeCompany, in purchasing the Agency’s interest in the Facility and terminating this Agreement pursuant to Section 8.1(a) hereof, shall pay to the Agency, as the purchase price, in legal tender, an amount equal to all Rental Payments then due and payable hereunder to the date such purchase option is exercised, plus one dollar ($1.00). (cb) The Lessee Company shall not, at any time, assign or transfer its option to purchase the Agency’s interest in the Facility as contained in this Section 8.1 separate and apart from a permitted assignment of this Agreement pursuant to the terms of Section 9.3 hereof without the prior written consent of the Agency.

Option to Purchase Facility and to Terminate Agreement. (a) Subject to compliance with Section 8.5 hereof, the Lessee shall have the option to purchase terminate the Agency’s leasehold interest in the Facility and to terminate this Agreement on any date during the term hereof by paying all Rental Payments due and payable hereunder to the date of such purchase option is exercisedtermination. The Lessee shall exercise such option by delivering to the Agency a written notice of an Authorized Representative of the Lessee to the Chief Executive Officer or other Authorized Representative of the Agency stating that the Lessee has elected to exercise its option under this Section 8.1(a) and the date on which such purchase and termination is intended to be made. In addition, the Lessee shall purchase the Agency’s interest in the Facility on the scheduled expiration date of this Agreement pursuant to Section 3.2 hereof by paying on such date any and all Rental Payments then due hereunder through such date. (b) The Lessee, in purchasing terminating the Agency’s interest in the Facility and terminating this Agreement pursuant to Section 8.1(a) hereof, shall pay to the Agency, as the purchase pricetermination fee, in legal tender, an amount equal to all Rental Payments then due and payable hereunder to the date such purchase termination option is exercised, plus one dollar ($1.00). (c) The Lessee shall not, at any time, assign or transfer its option to purchase terminate the Agency’s interest in the Facility as contained in this Section 8.1 separate and apart from a permitted assignment of this Agreement pursuant to the terms of Section 9.3 hereof without the prior written consent of the Agency.