Option to Purchase Project. Subject to the provisions of this Article, the Company shall have the option to purchase the Issuer’s leasehold interest in the Project at any time during the Term hereof and for a period of 30 days thereafter. The Company shall exercise its option by giving the Issuer written notice of the Company’s election to exercise its option and specifying the date, time and place of closing, which date (the “Closing Date”) shall neither be earlier than 30 days nor later than 180 days after the notice is given. The Company may not, however, exercise such option if the Company is in Default hereunder on the Closing Date unless all Defaults are cured upon payment of the purchase price specified in Section 17.2.
Option to Purchase Project. Subject to the provisions of this Article, the Tenant shall have the right and option to purchase the Issuer's interest in the Project at any time during the Term hereof and for 120 days thereafter. The Tenant shall exercise its option by giving the Issuer written notice of the Tenant's election to exercise its option and specifying the date, time and place of closing, which date (the "Release Date") shall neither be earlier than 30 days nor later than 180 days after the notice is given. The Tenant may not, however, exercise such option if the Tenant is in Default hereunder on the Release Date unless all Defaults are cured upon payment of the purchase price specified in Section 17.2.
Option to Purchase Project. Subject to the provisions of this Article, Tenant shall have the right and option to purchase the Project at any time during the Term hereof. Tenant shall exercise its aforesaid option by giving Issuer written notice of Tenant's election to exercise its option and specifying the date, time and place of closing, which date (the "Closing Date") shall neither be earlier than Thirty (30) days nor later than One Hundred Eighty (180) days after the notice is given. Tenant may not, however, exercise its said option if Tenant is in default hereunder on the Closing Date.
Option to Purchase Project. The Lessee shall have, and is hereby granted, the option to purchase the Project prior to the expiration of the Lease Term and prior to the Payment in Full of the Bonds. To exercise such option, the Lessee shall give written notice to the Issuer specifying the date of closing such purchase, which date shall be not less than thirty (30) days from the date such notice is given, and shall make arrangements for the giving of the required notice of prepayment or surrender for cancellation of the Bonds in accordance with the provisions of the Indenture. In the event of a notice of prepayment, the amount which shall be paid to the Trustee (or directly to owners of any Bonds which are subject to the terms of any home office payment agreement as provided in Section 208 of the Indenture) by the Lessee in the event of its exercise of the option granted in this Section 11.2 shall be the sum of the following:
(1) an amount of money which, when added to the funds in the Bond Fund, will be sufficient to provide for the Payment in Full of the then Outstanding Bonds at par on the date specified by the Lessee for such prepayment including, without limitation, principal plus accrued interest thereon to said prepayment date, plus
(2) In the event of a notice of surrender of the Bond for cancellation, the amount which shall be paid shall be the sum of one dollar ($ .00) which shall be paid by the Lessee to the Issuer.
Option to Purchase Project. 13 Section 13.2. Quality of Title............................................. 13 Section 13.3.
Option to Purchase Project. The Company shall have, and is hereby granted, the option to purchase the Project at the end of the Term for a purchase price which shall be the sum of: (i) $500,000; and (ii) all amounts, if any, then due on the date of such closing to the Issuer or to the Holder as Additional Rent or for indemnification under this Lease (which amounts shall be paid directly to the person to whom such amounts are owed); and (iii) those closing costs which are normally payable by the purchaser of real property in Georgia. The option granted herein, if exercised, shall be exercised at least sixty (60) days prior to the expiration of the Term. To exercise such option, the Company or its assignee shall give written notice of exercise to the Issuer and to the Holder. The purchase of the Project shall be closed on a date specified by the Company, which shall be not sooner than thirty (30) days from the date of such notice or later than to the expiration date of the Term. The Company shall be under no obligation to exercise the option granted in this Section 11.1. If no Event of Default is in existence at the time the option is exercised, the Company may assign in writing its option to an Affiliate; the Company or such Affiliate shall provide the Issuer with a copy of any such assignment at the time the option is exercised.
Option to Purchase Project. Subject to the provisions of this Article, Tenant shall have the right and option to purchase the Project at any time during or at the end of the Term, any Additional Term hereof or at any time provided the principal of, redemption premium, if any, and interest on the Bonds has been paid. Tenant shall exercise its aforesaid option by giving Issuer and Trustee written notice of Tenant’s election to exercise its option and specifying the date, time and place of closing, which date (the “Closing Date’) shall neither be earlier than Thirty (30) days nor later than One Hundred Eighty (180) days after the notice is given. Tenant may not, however, exercise its said option if Tenant is in default hereunder on the Closing Date. Provided, however, that, unless Tenant exercises its option to extend the term of the Lease as provided in Section 16.1 hereof, upon the expiration of the Basic Term and the payment of the principal of and interest on the Bonds in full, Tenant shall be deemed to have exercised its Option to purchase the Project without the requirement of any notice thereof and the Trustee shall immediately thereafter transfer title to the Project to Tenant in accordance with the requirements and provisions of Section 17.2 hereof.
Option to Purchase Project. In the event Landlord offers the Project for sale on a stand-alone basis, separately from other buildings in the Office Park or other buildings in Landlord’s portfolio of properties (and not as part of a package with any other building owned by Landlord and not pursuant to a transfer in connection with a merger of Landlord with another entity), to a party other than the Parkway North joint venture partner of Landlord or of another Landlord affiliate owning another property in the Office Park, and provided that Tenant leases and occupies at least 150,000 rentable square feet of space at such time, Tenant shall have a right of first offer to purchase the Project before Landlord offers the Project for sale to other third parties. Landlord shall give to Tenant written notice of the terms of such offer (“Landlord’s Notice”). Tenant shall have a period of thirty (30) days from the date of receipt of Landlord’s Notice to execute and deliver to Landlord an offer to purchase the Project in commercially reasonable form satisfactory to Landlord and Tenant at the price and including the other terms and conditions set forth in Landlord’s Notice. If Tenant fails, refuses or is otherwise unable to deliver to Landlord such executed offer to purchase within such thirty (30) day period, Landlord shall thereafter have the right to sell the Project to any other third party and Tenant shall have no further rights under this Section 33; except, however, that if Landlord, within one hundred eighty (180) days after the date of Landlord’s Notice, does not sell the Project at a purchase price not less than 92% of the purchase price set forth in Landlord’s Notice, then Tenant’s rights under this Section to purchase the Project shall not terminate but shall continue in full force and effect. The foregoing option is personal to United Stationers Supply Co. and any Affiliate (as defined in Section 17.G. above) and may not be exercised by or for the benefit of any other party.
Option to Purchase Project. The Company shall have, and is hereby granted, the option to purchase the Project for a purchase price which shall be the sum of Ten Dollar ($10.00), which amount shall be paid directly to the Issuer for its own account and not to the Holder, provided that: (i) the Bond has been fully paid or fully defeased as provided in the Bond Resolution (or paid or defeased as a part of the closing of such purchase or the Bond shall have been surrendered for cancellation), and (ii) any amounts due the Issuer or the Holder for Additional Rent have been paid (or are paid as a part of the closing of such purchase). To exercise such option, the Company or its assignee shall give written notice of exercise to the Issuer and if the Bond has not theretofore been fully paid or defeased, a copy of such notice shall be mailed or delivered by the Company to the Holder at the address of the Holder as reflected on the Bond Register. Notwithstanding, the foregoing, if the Company prior to the sixtieth (60th) day prior to the end of the Lease Term has not filed with the Issuer a written notice that it elects not to exercise such option, the option shall be deemed to have been exercised on the last day of the Lease Term. The purchase of the Project shall be closed within 14 (14) days from the date of such notice. Notwithstanding anything else herein contained, the Company’s option to purchase the Project shall survive the termination or expiration of this Lease and continue for a period of fifty (50) years following the date of any such termination or expiration. If following such purchase any claim for indemnification under this Lease and other Company Documents arises, the obligation of the Company to pay the same shall become due and the Issuer and the Holder may enforce their right to payment directly against the Company.
Option to Purchase Project. Subject to the provisions of this Article,
