Options to Acquire Clause Samples
The "Options to Acquire" clause grants a party the right, but not the obligation, to purchase certain assets, shares, or interests under specified conditions and within a defined timeframe. Typically, this clause outlines the terms under which the option can be exercised, such as the purchase price, the period during which the option is valid, and any procedural requirements for notification. Its core practical function is to provide flexibility and strategic advantage to the option holder, allowing them to secure the opportunity to acquire valuable assets while deferring the commitment to purchase until more favorable circumstances or additional information becomes available.
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Options to Acquire. None of the Mortgaged Property is subject to any right of first refusal, right of first offer or other options to purchase.
Options to Acquire. Except in connection with Bona Fide Sales Contracts, none of the Mortgaged Property is subject to any right of first refusal, right of first offer or other options to purchase other than those in favor of the Operating Company Entities pursuant to the Purchase/Option Agreements.
Options to Acquire. Other than Leasehold Holder’s and Borrower’s option to purchase the Ground Lease Fee Owner’s interest in the Ground Lease Parcel under the Ground Lease, none of the Mortgaged Property is subject to any right of first refusal, right of first offer or other options to purchase.
Options to Acquire. Upon death the surviving Partner shall acquire the outgoing Partner’s share of the partnership capital and assets (including goodwill) as set out herein. It is agreed that the parties hereto shall obtain and maintain personal insurance policies and each such insurance policy shall be cross assigned between the parties. It is further agreed that on the death of one of the Practising Partners, Goodwill will have a monetary value and the cross-assigned personal Insurance Policy shall be encashed by the remaining Partner and used to buy out the deceased Partner’s Personal Representatives. In the event that the partnership has acquired an interest in property then the cross-assigned personal insurance policy shall also be used to buy out the deceased Partner’s interest in respect of the practice premises. The Life Assurance Policies shall be kept at a value which is above or equal to the aggregate value of each Partners’ share of Goodwill and share of the Practice premises.
Options to Acquire. Transferor has not granted to any person any option, warrant or other right to acquire the Interest, and to Transferor's knowledge, no other person or entity has granted to any person (other than Transferee) any option, warrant or other right to acquire any interest in the Partnership.
Options to Acquire. Contributor has not granted to any person any option, warrant or other right to acquire the Interests, and to Contributor's knowledge, no other person or entity has granted to any person (other than Transferee) any option, warrant or other right to acquire any interest in either Partnership.
Options to Acquire. HAME▇ ▇▇▇RES There are no outstanding options or other rights or agreements to purchase any of the Hame▇ ▇▇▇res, and Hame▇ ▇▇▇ not agreed to sell any of the Hame▇ ▇▇▇res;