Common use of Payment of the Option Purchase Price Clause in Contracts

Payment of the Option Purchase Price. Lessee will pay to the Option Sellers the net aggregate Option Purchase Price for the Purchase Sites in cash or immediately available funds on or prior to the closing of such sale. At the closing of such sale, each of the Option Sellers will transfer or cause to be transferred its applicable Purchase Sites, at Lessee's expense, to Lessee and the Term as to the Purchase Sites will end. Risk of loss for the Purchase Sites purchased pursuant to this Section 36 will pass from the Option Sellers to Lessee upon payment of the applicable purchase price by Lessee to the Option Sellers.