Option to Purchase Real Property Sample Clauses

Option to Purchase Real Property. The Acquired Companies, Sellers or their respective Affiliates own certain real property used in the Business as described on Schedule‌ 9.14 (collectively, the “Option Real Property”). Effective upon Closing, the Acquired Companies and Sellers (as applicable) grant, and will cause their Affiliates (as applicable) to grant, to Buyer the exclusive right and option to purchase the Option Real Property (the “Option”), on the terms and conditions set forth in this Section 9.14. The term of the Option (the “Option Period”) will commence on the Closing Date and expire upon the fifth anniversary of the Closing Date (the “Option Expiration Date”). Buyer may exercise the Option, on one or more of the properties that make up the Option Real Property from time to time, by giving written notice to Sellers on or before 5:00 p.m. on the Option Expiration Date. If Buyer exercises the Option, the closing of the purchase of the applicable Option Real Property will occur within thirty (30) days of Seller’s receipt of the Option notice (the “Option Closing Date”). The purchase price for the Option Real Property will be the fair market value of the Option Real Property, on the date the Option notice is received by Sellers, as determined by taking the average price determined by each of three real estate appraisers. One appraiser will be appointed by Buyer, one appraiser will be appointed by Sellers and one appraiser will be appointed by the two appraisers appointed by Buyer and Sellers. Buyer and Sellers will direct the appraisers to complete their appraisals within thirty (30) days of Sellers’ receipt of the Option notice. Buyer may transfer its rights to purchase the Option Real Property to an Affiliate or another entity set up specifically to hold such real property. If the Buyer does not exercise the Option in accordance with its terms, the Option and the rights of Buyer will automatically and immediately terminate without notice.
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Option to Purchase Real Property a. If the Closing occurs, then for (i) a period commencing from the Closing Date through the date that is immediately prior to third (3rd) anniversary thereof (the “Exclusive Option Period”), SELLER hereby grants to BUYER the exclusive option (the “Exclusive Option”) and (ii) a
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Option to Purchase Real Property. Optionor grants unto Optionee the exclusive right to purchase the real property described exhibit "A" annexed hereto.
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Option to Purchase Real Property a. If the Closing occurs, SELLER hereby grants to BUYER the following options:
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Option to Purchase Real Property. The Purchaser and DI Food will enter into an Option Agreement, expiring January 1, 2011 (the “Option Agreement”), pursuant to which either party may exercise the option to purchase the Real Property previously granted under that certain Real Estate Lease and Option Agreement by and between DI Food and SHE CAT, LLC (the “Lease Agreement”), a copy of which will be attached thereto as Exhibit “A”. The Option Agreement shall provide that either Purchaser or DI Food may exercise the option granted under the Lease Agreement by providing the other party thirty (30) days prior written notice. In the event that Purchaser exercises the option to acquire the Real Property then Purchaser shall grant to DI Food the option to purchase approximately two (2) acres located on the south portion of the Real Property, as more fully described in Exhibit “B” to be attached thereto, for potential use as a hotel for $11,000,000. In the event that DI Food exercises the option to purchase the Real Property then DI Food shall grant to Rick’s the option to purchase approximately two and one-half (2.5) acres, plus the building where Scores-Las Vegas is located, as more fully described in Exhibit “C” to be attached thereto, for $12,000,000. In either event, DI Food, or its assignee, shall provide for adequate parking for Scores-Las Vegas on the approximate two (2) acre portion of the Real Property which it acquires. To the extent that the Option Agreement is exercised between DI Food and Purchaser for the purchase of the Real Property, then DI Food will be obligated to pay all closing costs in connection therewith. As consideration for the Purchaser entering into the Option Agreement, DI Food, or its assignee, agrees to pay to Purchaser $100,000 per month (“Option Fee”) for the term of the Option Agreement, provided however, that in the event that any assignee of the Option Agreement, as contemplated by this Agreement, defaults on its obligations, then DI Food shall not be obligated thereafter to pay the Option Fee.
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Option to Purchase Real Property. IRF shall, prior to the Closing Date, transfer all of its rights to acquire real property located in the State of Indiana to ABE, and will obtain and deliver to ABE at or prior to Closing, all consents and approvals necessary to complete this transfer.
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Option to Purchase Real Property. The real property at which IFR's business and operations are presently conducted is owned by Gann and not IFR. In the event of xx Xncapacity Event, the Company is hereby granted an option to purchase the real property for nine hundred thousand dollars ($900,000). In the event the Company should not exercise this option to purchase following an Incapacity Event, and Gann or his estate receive a bona xxxx offer to purchase or otherwise transfer the real property for a lesser amount, the Company is hereby granted the right to match such offer prior to the sale or transfer of the real property to a third party.
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Option to Purchase Real Property. Optionor/Seller grants unto Optionee/Buyer the exclusive right to purchase the real property described exhibit "A" annexed hereto including all personal property, appliances, attachments and fixtures except: ______________________________________________________________________________
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Option to Purchase Real Property 
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Related to Option to Purchase Real Property

  • Option to Purchase Subject to Section 3.5, the Receiver hereby grants to the Assuming Institution an exclusive option for the period of ninety (90) days commencing the day after Bank Closing to purchase any or all owned Bank Premises, including all Furniture, Fixtures and Equipment located on the Bank Premises. The Assuming Institution shall give written notice to the Receiver within the option period of its election to purchase or not to purchase any of the owned Bank Premises. Any purchase of such premises shall be effective as of the date of Bank Closing and such purchase shall be consummated as soon as practicable thereafter, and in no event later than the Settlement Date. If the Assuming Institution gives notice of its election not to purchase one or more of the owned Bank Premises within seven (7) days of Bank Closing, then, not withstanding any other provision of this Agreement to the contrary, the Assuming Institution shall not be liable for any of the costs or fees associated with appraisals for such Bank Premises and associated Fixtures, Furniture and Equipment.

  • Election to Purchase (To Be Executed Upon Exercise of Warrant) The undersigned hereby irrevocably elects to exercise the right, represented by this Warrant Certificate, to receive Ordinary Shares and herewith tenders payment for such Ordinary Shares to the order of Bukit Jalil Global Acquisition 1 Ltd. (the “Company”) in the amount of $[●] in accordance with the terms hereof. The undersigned requests that a certificate for such Ordinary Shares be registered in the name of [●], whose address is and that such Ordinary Shares be delivered to whose address is [●]. If said number of Ordinary Shares is less than all of the Ordinary Shares purchasable hereunder, the undersigned requests that a new Warrant Certificate representing the remaining balance of such Ordinary Shares be registered in the name of [●], whose address is and that such Warrant Certificate be delivered to [●], whose address is [●]. In the event that the Warrant has been called for redemption by the Company pursuant to Section 6 of the Warrant Agreement and the Company has required cashless exercise pursuant to Section 6.3 of the Warrant Agreement, the number of Ordinary Shares that this Warrant is exercisable for shall be determined in accordance with subsection 3.3.1(b) and Section 6.3 of the Warrant Agreement. In the event that the Warrant is to be exercised on a “cashless” basis pursuant to Section 7.4 of the Warrant Agreement, the number of Ordinary Shares that this Warrant is exercisable for shall be determined in accordance with Section 7.4 of the Warrant Agreement. In the event that the Warrant may be exercised, to the extent allowed by the Warrant Agreement, through cashless exercise (i) the number of Ordinary Shares that this Warrant is exercisable for would be determined in accordance with the relevant section of the Warrant Agreement which allows for such cashless exercise and (ii) the holder hereof shall complete the following: The undersigned hereby irrevocably elects to exercise the right, represented by this Warrant Certificate, through the cashless exercise provisions of the Warrant Agreement, to receive Ordinary Shares. If said number of Ordinary Shares is less than all of the Ordinary Shares purchasable hereunder (after giving effect to the cashless exercise), the undersigned requests that a new Warrant Certificate representing the remaining balance of such Ordinary Shares be registered in the name of [●], whose address is and that such Warrant Certificate be delivered to [●], whose address is [●]. Date: [●] (Signature) (Address) (Tax Identification Number) Signature Guaranteed: THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (OR ANY SUCCESSOR RULE)).

  • Conditions to Purchase of Option Shares In the event that the Underwriters exercise their option provided in Section 3(b) hereof to purchase all or any portion of the Option Shares, the representations and warranties of the Company contained herein and the statements in any certificates furnished by the Company hereunder shall be true and correct as of each Date of Delivery and, at the relevant Date of Delivery, the Representative shall have received:

  • Stock Option Grant Subject to the provisions set forth herein and the terms and conditions of the Plan, and in consideration of the agreements of the Participant herein provided, the Company hereby grants to the Participant an Option to purchase from the Company the number of shares of Common Stock, at the exercise price per share, and on the schedule, set forth above.

  • Stock Option The Corporation hereby grants to the Optionee the option (the "Stock Option") to purchase that number of shares of Class A Common Stock of the Corporation, par value $.01 per share, set forth on Schedule A. The Corporation will issue these shares as fully paid and nonassessable shares upon the Optionee's exercise of the Stock Option. The Optionee may exercise the Stock Option in accordance with this Agreement any time prior to the tenth anniversary of the date of grant of the Stock Option evidenced by this Agreement, unless earlier terminated according to the terms of this Agreement. Schedule A sets forth the date or dates after which the Optionee may exercise all or part of the Stock Option, subject to the provisions of the Plan.

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