Purchase Option Term Sample Clauses

Purchase Option Term. Prior to the commencement of the “Term” of this Value Share Agreement, and for the Purchase Option for Resident to be in effect, Resident must provide Acre (or, in the case of Item (3) below, by any other appropriate Acre Entity) the following materials: (1) Fully executed copies of this Value Share Agreement, the Home Residency Agreement, and the Property Specific Agreement; (2) The Value Share Payment; (3) Any other fees due and owing by Resident upon execution of any of the Residency Agreements (as hereinafter defined); When conditions (1) through (3), identified above, have all, in Acre’s discretion, been satisfied, Acre shall provide Resident with notice of that certain calendar date that the Term of this Value Share Agreement is to commence (the “Commencement Date”). The Term of this Value Agreement will expire on that certain calendar date that is three (3) years after the Commencement Date (“Termination Date”), unless this Value Share Agreement is sooner terminated pursuant to the provisions hereof.