Purchase Option Price. The Purchase Option Price shall be the lesser of (a) the value of the Home (consisting of improvements only) as determined by the appraisal commissioned and conducted as provided in 10.5 above or (b) the price calculated in accordance with the formula described below (the Formula Price).
Appears in 2 contracts
Samples: Ground Lease, Ground Lease
Purchase Option Price. The Purchase Option Price shall be the lesser of (a) the value of the Home (consisting of improvements only) Improvements and the leasehold interest in the land as determined by the appraisal an Appraisal if commissioned and conducted as provided in section 10.5 above or (b) the price calculated in accordance with the formula described in section 10.10 below (the Formula Price).
Appears in 1 contract
Samples: Ground Lease Agreement
Purchase Option Price. The Purchase Option Price shall be the lesser of (a) the value Leasehold Value of the Home (consisting of improvements only) Leased Premises and Improvements as determined by the appraisal Appraisal commissioned and conducted as provided in 10.5 above or (b) the price calculated in accordance with the formula described below (the Formula Price).
Appears in 1 contract
Samples: Ground Lease
