Common use of Option to Purchase Project Clause in Contracts

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.

Appears in 2 contracts

Samples: Project Lease, Project Lease

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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 ’s election to exercise its option and specifying the date, time and place of closing, which date (the "Release “Purchase Date") ”), unless waived, 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 Purchase Date unless all Defaults are cured upon payment of the purchase price specified in Section 17.2.

Appears in 1 contract

Samples: Lease (MGP Ingredients Inc)

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 ’s election to exercise its option and specifying the date, time and place of closing, which date (the "Release “Purchase 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 Purchase Date unless all Defaults are cured upon payment of the purchase price specified in Section 17.2.

Appears in 1 contract

Samples: Lease (Lmi Aerospace Inc)

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 xxxxxxse its option and specifying the date, time and place of closing, which date (the "Release Closing 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 Closing Date unless all Defaults are cured upon payment of the purchase price specified in Section 17.2.

Appears in 1 contract

Samples: Lease (Collins Industries Inc)

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 10 days thereafter. The Tenant shall exercise its option by giving the Issuer written notice of the Tenant's ’s election to exercise its option and specifying the date, time and place of closing, which date (the "Release “Closing 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 Closing Date unless all Defaults are cured upon payment of the purchase price specified in Section 17.217.02.

Appears in 1 contract

Samples: Lease

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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 or after the Term hereof and for 120 days thereafterhereof. 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.

Appears in 1 contract

Samples: Project Lease

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 or after the Term hereof and for 120 days thereafterTerm. 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.

Appears in 1 contract

Samples: Project Lease

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