OPTION TO PURCHASE; PARTIAL PREPAYMENT Sample Clauses
The "Option to Purchase; Partial Prepayment" clause grants a party the right to buy an asset, property, or interest under specified conditions, while also addressing the treatment of any partial payments made before the full purchase. Typically, this clause outlines the process for exercising the purchase option, such as notice requirements and payment terms, and clarifies whether partial prepayments will be credited toward the final purchase price or handled differently. Its core function is to provide a clear mechanism for acquiring ownership and to ensure transparency regarding how any advance payments are applied, thereby reducing potential disputes and facilitating smoother transactions.
OPTION TO PURCHASE; PARTIAL PREPAYMENT. Section 10.01. Purchase Option. Section 10.02. Partial Prepayment. Section 10.03. Determination of Fair Rent and Purchase Price.
OPTION TO PURCHASE; PARTIAL PREPAYMENT. Section 5.01. Purchase Option 6 Section 5.02. Partial Prepayment 6 Section 5.03. Determination of Fair Rent and Purchase Price 7
OPTION TO PURCHASE; PARTIAL PREPAYMENT. Section 6.01. Purchase Option 9 Section 6.02. Partial Prepayment 10 Section 7.01. Electronic Transactions 10 Section 7.02. Applicability of Original Lease 10 Signatures and Seals 11 Schedule 1 – Description of the Leased Property Exhibit A – Schedule of Basic Rent Payments Supplemental Lease”), dated as of April 1, 2018, is entered into between UMB BANK, N.A., a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”), and the CITY OF BRENTWOOD, MISSOURI, a fourth-class city and political subdivision organized and existing under the laws of the State of Missouri (the “City”).
OPTION TO PURCHASE; PARTIAL PREPAYMENT