Common use of Option to Purchase Portions of Project Site Clause in Contracts

Option to Purchase Portions of Project Site. (a) The User, if not in default hereunder, shall have the option to purchase any Unimproved portion of the Project Site at any time and from time to time with the prior written consent of the Trustee and for a purchase price equal to the pro-rata cost of such portion of the Project Site to be so purchased, provided that the User furnish the Issuer and the Trustee with the following:

Appears in 8 contracts

Samples: Lease Agreement (Accuride Corp), Lease Agreement (Transportation Technologies Industries Inc), Lease Agreement (Cavalier Homes Inc)

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Option to Purchase Portions of Project Site. (a) The User, if not in default hereunder, shall shall, with the consent of the Credit Obligor Parties, have the option to purchase any Unimproved portion of the Project Site at any time and from time to time with the prior written consent of the Trustee and for a purchase price equal to the pro-rata cost of such portion of the Project Site to be so purchased, provided that the User furnish the Issuer and the Trustee with the following:

Appears in 1 contract

Samples: Lease Agreement (Winsloew Furniture Inc)

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Option to Purchase Portions of Project Site. (a) The User, if not in default hereunder, shall have the option to purchase any Unimproved portion of the Project Site at any time and from time to time with the prior written consent of the Trustee Agent and the Holders and for a purchase price equal to the pro-rata cost of such portion of the Project Site to be so purchased, provided that the User furnish the Issuer and the Trustee Agent and the Holders with the following:

Appears in 1 contract

Samples: Lease Agreement (Primex Technologies Inc)

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