Option to Purchase Property. The Company, its Affiliates and subsidiaries, hereby grant Lender and its Affiliates the option to purchase, at book value, any or all properties 7 13 owned by the Company, its Affiliates and subsidiaries, as set forth on Schedule 3.3, as well as any or all properties acquired by the Company, its affiliates and subsidiaries prior to the Maturity Date, and Lender agrees that if it exercises any such option, it will lease such properties back to the Company on terms similar to the leases set forth on Schedule 3.2.
Option to Purchase Property. (a) If the Company desires to assign, transfer or otherwise dispose of the Property for value, Capco and Foreco shall have the option, exercisable first by Capco and thereafter by Foreco, to purchase all of the Property desired to be sold by the Company. If the Company has not received an offer from a third party for the purchase of the Property, the price and terms of such sale shall be as agreed to by Capco or Foreco and the Company.
Option to Purchase Property. Subject to the terms and conditions of this Agreement and the Purchase Agreement, Optionor hereby grants to Optionee the sole exclusive option to purchase the Property, complete with all existing furniture, fixtures and equipment thereon, together with all of Optionor’s rights, title, licenses, privileges, and easements appurtenant to the Property for the term described in Section 2.1 below (the “Option”).
Option to Purchase Property. 1. Optionor hereby grants to Optionee the irrevocable option (the “Option”) to purchase the Property, exercisable at any time during the period (the “Option Exercise Period”) commencing on the Option Commencement Date and expiring on the earlier of the 3- year anniversary of the date hereof or the date this Agreement is otherwise terminated (the “Option Expiry Date”), for a purchase price of Two Million, Two Hundred Thousand Dollars ($2,200,000.00), plus GST/HST, LTT and other applicable taxes of a similar nature.
Option to Purchase Property. 26.1 The Organisation grants Department of Communities, Child Safety and Disability Services or its nominee an irrevocable option to purchase the Property.
Option to Purchase Property. Notwithstanding anything to the contrary in this Agreement, during the term of the Lease the following early termination and option to purchase provisions shall apply:
Option to Purchase Property. During the Term of this Lease, upon not less than sixty (60) days written notice, Lessee may elect to purchase the Property (“Option”). If the Option is exercised, the purchase price (“Purchase Price”) for the Property shall be $30,000 per acre for a total purchase price of Five Hundred Seventy-Four Thousand Dollars ($574,000.00). Upon execution of the Option, the parties shall open escrow with Chicago Title Company, 0000 Xxxxx Xxxx Xxxxxx, Xxxxx 000, Xxxxxx, Xxxxxxxxxx 00000, in accordance with the customary terms of Kings County. Lessee shall close escrow no later than 60 days from the exercise of the purchase option. Lessee will pay for CLTA Owner’s Policy of Title Insurance and documentary transfer tax. Parties will share the escrow fee equally and allocate other closing costs consistent with the practice in Kings County, California. Upon close of escrow, the Lease shall terminate.
Option to Purchase Property. Seller hereby grants to Buyer an Option to Purchase the following described real property, located in the County of Clay, State of Minnesota, and legally described as follows: Xxx 0, Xxxxx 0, XXXXXX 0xx Xxxxxxxx, Xxxx of Xxxxxxxx, County of Clay, State of Minnesota. (Hereinafter referred to as the “Property”).
Option to Purchase Property. A. Subject to the terms and conditions hereof and provided that the Property has not been previously conveyed to a third party pursuant to the terms set forth in Paragraph 40 above, Tenant shall have an option (the "Option") to purchase the Property. The Option shall be exercised, if at all, by Tenant delivering written notice of its exercise of the Option to Landlord prior to the earlier of (i) the date ninety (90) months after Landlord acquires title to the Property, or (ii) the date of Tenant's election not to exercise its right of first refusal under Paragraph 39 hereof if the Property is in fact sold to the third party pursuant to the terms and conditions set forth in the right of first refusal notice. In the event Tenant shall fail to deliver written notice exercising the Option when required, the Option shall automatically terminate and be of no further force or effect. Tenant may not exercise the Option during any period of an Event of Default under this Lease. If Tenant exercises the Option in a timely manner, Landlord shall be obligated to sell, and Tenant shall be obligated to purchase, the Property, as hereinafter provided. The purchase price (the "Purchase Price") for the Property shall be the greater of (i) the Property's appraised fair market value, as determined in Paragraph 40B below reduced by an amount equal to the total of all supplemental payments paid by Tenant to Landlord under the provisions of Paragraph 6.2 of this Lease, or (ii) the then current net book value of the Property as carried on the Landlord's books.
Option to Purchase Property. Owner grants to Triband the exclusive right to purchase the Property, the Underlying Agreements and the property subject to the Underlying Agreements. The Purchase Price for the Option shall be Two Million Dollars ($2,000,000.00) United States currency, less the then outstanding balance of the purchase price payable under the Bida-Belaustegui Agreement and the outstanding balance under any othxx xx xxx Xxxxxxying Agreements. The Option shall be exercisable in accordance with the provisions of this Section 6.1.
