Purchase of Property by Tenant. If a tenant under a lease for which a commission is payable hereunder directly or indirectly purchases the Property, whether strictly in accordance with the terms of any option, right of first refusal, similar right or otherwise, during the term of the lease (term to include the period of any extensions or renewals thereof based upon extension or renewal rights contained in the original provisions of such lease), then a sales commission shall be calculated and paid in accordance with the provisions of Section 7.a.(i).
Purchase of Property by Tenant. If a Buyer/Tenant under a lease for which a commission is payable hereunder, its successors or assigns, or any agent, officer, employee or shareholder of a Buyer/Tenant purchases the Property, whether strictly in accordance with the terms of any option, right of first refusal, similar right or otherwise during (a) the term of the lease, (b) any extension thereof, or (c) within 180 days after the expiration thereof, then a sales commission shall be calculated and paid in accordance with the provisions of Paragraph 7a.
Purchase of Property by Tenant. In the event that Tenant acquires title to the Premises or any part thereof, or any premises as an expansion of, addition to or substitution for the Premises at any time during the term of this Lease, or any renewals thereof, or within six (6) months after the expiration of the term hereof or the extended term hereof, Landlord shall pay Broker a commission on the sale of the Premises in lieu of any further commission which otherwise would have been due under this Lease. Such commission, as negotiated between the parties, shall be six percent (6%) of the gross sales price, payable in full at closing. ENVIRONMENTAL LAWS
Purchase of Property by Tenant. If a lease for which a commission is earned and payable hereunder contains an option, right of first refusal, or similar right, and a tenant, its successors or assignees, or any agent, officer, employee or shareholder of a tenant purchases the Property, whether strictly in accordance with the terms of such option, right of first refusal, similar right or otherwise during (a) the term of the lease, (b) any extension thereof, or (c) within ninety (90) days after the expiration thereof, then a sales commission shall be calculated and paid in accordance with the provisions of Section B below; provided, however, that there shall be a credit against such sales commission in the amount of lease commissions previously paid to CBRE relating to that portion of the purchaser's lease term which is canceled by reason of such sale. In no event shall such credit exceed the amount of such sales commission.
Purchase of Property by Tenant. If the Approved Tenant and Owner enter into a real estate purchase contract (the “Purchase Contract”) for the purchase of the Property and complete the Closing (as defined below) (a “Property Sale”), Owner agrees to pay Sponsoring Broker, or cause Sponsoring Broker to be paid, a commission equal to % of the purchase price of the Property (as set forth in the Purchase Contract) (“Property Sale Commission”). Owner shall pay the Property Sale Commission to the Sponsoring Broker at or through the Closing, with such payment being made simultaneously with the disbursement of the Property Sale proceeds and payoff of any mortgage indebtedness on the Property. For the purposes of this Agreement, “Closing” shall be defined as the specific date and time when the Property Sale proceeds are disbursed to the Owner, Owner's designee or the Owner's lender and a deed transferring title of the Property is delivered to the Approved Tenant.
Purchase of Property by Tenant. If at any time during the Lease Term, Tenant elects to purchase the Premises and has demonstrated, at the sole discretion of Landlord, that they have financial resources to complete the purchase, Tenant and Landlord shall execute the Purchase and Sale Agreement attached as Exhibit E. At such time, Landlord will place fifty percent (50%) of rents received, from that point forward, into an escrow account for Tenant’s purchase of the Premises. If Tenant does not purchase the Premises within the time frame specified by the Purchase and Sales Agreement, such deposits will be paid to Landlord from the escrow account.
Purchase of Property by Tenant. In the event that Tenant acquires title to the Premises or any part thereof, or any premises as an expansion of, addition to or substitution for the Premises at any time during the term of this Lease, or any renewals thereof, or within six (6) months after the expiration of the term hereof or the extended term hereof, Landlord shall pay Broker a commission on the sale of the Premises in lieu of any further commission which otherwise would have been due under this Lease. Such commission, as negotiated between the parties, shall be N/A percent (N/A%) of the gross sales price, payable in full at closing. ENVIRONMENTAL LAWS
Purchase of Property by Tenant. In the event that Tenant and/or its subsidiaries or affiliates acquires title to the Premises or any part thereof, or any premises as an expansion of, addition to or substitution for the Premises at any time during the term of this Lease, or any renewals thereof, or within six (6) months after the expiration of the term hereof or the extended term hereof, Landlord shall pay Broker a commission on the sale of the Premises in lieu of any further commission which otherwise would have been due under this Lease. Such commission, as negotiated between the parties, shall be two (2) percent (2%) of the gross sales price, payable in full at closing. ENVIRONMENTAL LAWS
Purchase of Property by Tenant. If a lease for which a commission is earned and payable hereunder contains an option, right of first refusal, or similar right for purchase of the Property, and a tenant, its successors or assignees, or any agent, officer, employee or shareholder of a tenant purchases the Property, whether strictly in accordance with the terms of such option, right of first refusal, similar right or otherwise during (a) the term of the lease, (b) any extension thereof, or (c) within ninety (90) days after the expiration thereof, then a sales commission shall be calculated and paid in accordance with the provisions of that certain Exclusive Sales/ Lease listing Agreement dated October 3, 2022 by and between the City of Chula Vista and CBRE relating to the 383 acre University Innovation District,(“UID Listing Agreement”) provided, however, that there shall be a credit against such sales commission in the amount of lease commissions previously paid to CBRE relating to that portion of the purchaser's lease term which is canceled by reason of such sale. In no event shall such credit exceed the amount of such sales commission.
Purchase of Property by Tenant. In the event that tenant acquires title to the leased premises at any time during the term of this lease any renewals thereof, or within six months after the expiration of the term hereof or the extended term hereof then Landlord shall pay Agent a commission on the sale of the property of the Landlord based on the recommended schedule of minimum commissions of the Atlanta Real Estate Board and in lieu of any additional rent commissions.
