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 all or a portion of the Property for value, Crown and Holding shall have the option, exercisable in the foregoing order of priority and succession, to purchase all of the Property. If the Company has not received an offer from a bona fide third party for the purchase of the Property, the price and terms of such sale shall be as agreed between Crown or Holding and the Company.
(b) If the Company has received an offer from a bona fide third-party purchaser, the Company shall notify Crown and Holding setting forth (i) the identity and address of the proposed purchaser or other transferee thereof; (ii) that the Company has received a bona fide offer therefor, if a sale is contemplated; (iii) the cash and other consideration to be received by the Company in connection with such disposition; (iv) a true copy of the offer or agreement, if any, for such sale or other disposition and a certification by the Company that, to the best of its knowledge and belief, the offer or agreement is genuine and in all respects what it purports to be; (v) an offer to sell to Crown and Holding the Property, in that order of priority and succession, in accordance with this Section 8.5; and (vi) such other information as may be necessary or desirable in order to afford to Crown and Holding the benefits intended to be conferred by this Section 8.5. To the extent the terms of such sale or other transfer provide for the receipt by the Company of consideration other than cash or cash equivalents, the notice shall also include a fair market appraisal of such consideration prepared by a qualified independent appraiser.
(c) Crown shall have 10 days after the effective date of the notice to elect to purchase all of the Property. To the extent Crown does not elect to purchase all of the Property, Holding shall have 10 days after the date of the expiration of Crown's option to elect to purchase all of the Property. Any such election shall be made by delivering written notice of such election to the Company within such applicable 10-day period.
(d) If Crown or Holding has timely elected to purchase all of the Property to be sold, then such electing party shall purchase the Property within 30 days after expiration of the applicable period set forth herein, on a date and at a time designated in a written notice to be given at least two days in advance to the Company by the electing party, and at the principal place of Busine...
Option to Purchase Property. Lessor hereby grants to Lessee the exclusive right to purchase the property which is the subject of this Lease. The perms of the purchase will be set forth in the Purchase Agreement previously executed between Lessee and Lessor, a copy of which is attached hereto as Exhibit "A," provided, however, all times specified therein shall be deemed to run from the date of all notice of exercise of the option and not from any other date. In the event of any conflict between the terms of the Purchase Agreemtns and the Lease, including this Addendum, the terms of the Purchase Agreements shall control. The option to purchase shall be exercised by Lessee delivering to Lessor written notice of its exercise of the option. This notice may be delivered at any time prior to March 1, 1999. If the notice by Lessee of its exercise of the option is delivered to Lessor on or before September 1, 1998, and the escrow for the purchase of the property closes on or before January 1, 1999, the purchase price, as defined in Exhibit "A" hereto, shall be $4,750,000. If the option 25 Fleet Capital Corporation March 26, 1998 Page 41 is exercised after September 1, 1998 and before its expiration, the purchase price , as provided in Exhibit "A" attached hereto will be $5,250,000. Upon exercise of the option, the escrow for the purchase must close, in any event, on or before January 1, 2000. If not exercised, and subject to the terms hereof, the option shall terminate on March 1, 1999. This option and the right of first refusal provided elsewhere in this Addendum, shall evidence by a Memorandum of Options in the form of Exhibit "B", attached here to, which Memorandum of Option shall be recorded in the County Recorder of Los Angeles County. The rights under this option may be assigned by Lessee to TMCI provided Lessor has reviewed and approved the most recent audited annual and unaudited financial statements of TMCI.
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. 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: (Hereinafter referred to as the “Property”).
Option to Purchase Property. Tenant shall have the right at any time during term of this Lease, upon purchase of the Facility and the Project Site under the 1996 Lease, to purchase the Premises for the sum of $10.00. Upon the exercise of its option to purchase the Premises from the Landlord and upon payment of the purchase price set forth herein in cash, Landlord will, by bill xx sale and statutory warranty deed or other appropriate instruments, transfer and convey the Premises (in its then condition, whatever that may be) to Tenant, subject only to the Permitted Encumbrances and to any other liens of which Tenant expressly consented and to those liens resulting from the failure of Tenant to perform or observe any of the agreements or covenants on its part herein contained.
Option to Purchase Property. At any time prior to the Termination Date, Lessee shall have the right to purchase the Property from Lessor by giving Lessor thirty (30) days advance written notice. The purchase price for the Property shall be: (a) for the Property located in Suite 1001 (as such term is defined in the Sublease), as evidenced by the attached Exhibit A, the sum of Zero Dollars ($00.00); and (ii) for the Property located in Suite 2000 (as such term is defined in the Sublease), as evidenced by the attached Exhibit A, the sum of Fifty Five Thousand Seven Hundred Twenty Dollars ($55,720.00). Said purchase price, plus applicable taxes thereon, shall be paid by Lessee to Lessor, in cash, no later than thirty (30) days after the delivery of Lessee's written notice of election to purchase the Property. Lessor makes no representations or warranties regarding the condition of the Property, and Lessee agrees that the Property shall be purchased in its "as if" "where is" condition and that Lessee shall rely solely on its own examination and inspection of the Property. If Lessee does not elect to purchase the Property from Lessor prior to the Termination Date, then Lessor may remove the Property from the Premises, at Lessor's sole cost and expense, within thirty (30) days following the Termination Date or as otherwise mutually agreed to by the parties.
Option to Purchase Property. TRC shall have an option to purchase the Property upon the terms and conditions set forth in Section 6.1 of this Agreement (the “Option”). The Option may be exercised at any time while this Agreement remains in effect and, if exercised, shall allow TRC the right to Mine the Property subject to applicable laws and regulations.
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.
26.2 Department of Communities, Child Safety and Disability Services may exercise the option by giving written notice to the Organisation (stating the name of the nominee if applicable).
26.3 If Department of Communities, Child Safety and Disability Services exercises the option pursuant to clause 26.1 then the consideration payable for the Property will be the current market value of the Property less the amount of the Capital Funds (except that if the current market value of the Property is less than the amount of the Capital Funds, the consideration will be the sum of $1.00). The current market value of the Property will be determined by a registered practicing valuer nominated by Department of Communities, Child
Option to Purchase Property. 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.
