TENANT'S OPTION TO PURCHASE. Provided Tenant is not in default beyond all notice and applicable cure periods hereunder, Tenant shall have the right to purchase the Premises at any time during the Term, including any Extension Term, of this Lease upon giving notice in writing to Landlord (the “Purchase Notice”) at least ninety (90) days prior to the expiration of the initial Term or any Extension Term hereof of Tenant’s intention to purchase the Premises. If Tenant exercises this Option to Purchase, then Tenant shall purchase and Landlord shall sell the Premises upon the terms and conditions set forth on the Terms for Sale and Purchase attached hereto as Exhibit “G” (the “Purchase Terms”). Upon the closing of title pursuant to the above-mentioned Purchase Terms, this Lease shall terminate and end. The purchase price for the Premises (“Purchase Price”) shall be determined by agreement of the Landlord and Tenant, or, if the Landlord and Tenant fail to reach an agreement within fifteen (15) days of the Tenant’s Purchase Notice, then by the procedure set forth on the Purchase Terms. The option to purchase shall expire without notice upon the termination of this Lease unless the option was exercised prior to such termination, provided that this option to purchase shall continue after any amendment, continuation or reinstatement of this Lease.
TENANT'S OPTION TO PURCHASE. If Landlord does not waive a default under Section 16.1(e) (change of control of Tenant), Tenant shall have the option to purchase the Premises from Landlord or all of the Members’ interests in Landlord by giving Landlord written notice of exercise within fifteen (15) days after receipt of Landlord’s notice of a default hereunder pursuant to Section 16.1(e). Upon exercise of this option, with respect to the Premises, the Tenant shall be obligated to purchase from the Landlord and the Landlord shall be obligated to convey to the Tenant, and/or one or more designee of Tenant, all of the Landlord’s right, title and interest in the Premises for the price and upon the terms set forth herein. Upon exercise of this option, with respect to the Members’ interests in the Landlord, the Tenant shall be obligated to purchase from the Members and the Members shall be obligated to convey to the Tenant, and/or one or more designee of Tenant, all of the Members’ right, title and interest in the Landlord for the price and upon the terms set forth herein. Tenant’s right to exercise this option hereunder shall be contingent upon Tenant not being in default (other than change in control), beyond any applicable grace period, under any other provision of this Lease either at the time of exercise of this option or at the time of closing.
TENANT'S OPTION TO PURCHASE. (a) Landlord, in consideration of the rent to be paid and the covenants and agreements set forth herein to be kept and performed by Tenant, and for other good and valuable consideration, the receipt of which is hereby acknowledged, does hereby grant to Tenant the exclusive right and option (the “Option”) to purchase from Landlord, subject to the terms and conditions set forth herein, all or any portion of the Leased Premises on a Site-by-Site basis.
TENANT'S OPTION TO PURCHASE. In consideration of the terms and conditions of this Lease, the Site Agreement, and Tenant's purchase of the Pressure Sensitive Business from Landlord, Landlord hereby grants to Tenant the right and option to purchase the Demised Premises and the Additional Land, as hereinafter defined, at any time during the term of this Lease for a purchase price of One Dollar ($1.00) (the "Purchase Option"). Any such purchase of the Demised Premises and the Additional Land by Tenant shall be in "as is" condition, without any warranty, representation or covenant of any kind by Landlord other than those set forth in the Asset Purchase Agreement (which are incorporated herein by reference); provided, however that Landlord shall convey the Demised Premises and the Additional Land to Tenant by quitclaim deed with covenant, subject to the Reciprocal Easements, the exceptions to title set forth on EXHIBIT C attached hereto and made a part hereof (the "Permitted Exceptions to Title"), and subject to such other exceptions to title placed against the Demised Premises by Tenant or as a result of Tenant's use or occupancy of the Demised Premises, or as may be approved by Tenant. At the time of closing, the Reciprocal Easements, to be recorded on the date of this Lease, shall become perpetual in duration, as provided therein, without the need for any further instrument or agreement. Tenant shall exercise the Purchase Option by notice to Landlord given in writing at any time during the Term of this Lease, and the closing on the sale of the Demised Premises and the Additional Land shall take place on a date agreed by Landlord and Tenant, but not later than 60 days after the date of such notice of exercise, unless such date is extended by agreement of Landlord and Tenant. Provided Tenant has not exercised the Additional Land Option, as hereinafter defined, Tenant may elect in its sole discretion to exercise the Purchase Option with respect to only the Demised Premises, without the Additional Land. This Lease shall terminate as of the date of the sale. Landlord shall not grant any mortgage or other encumbrance or permit any lien against the Demised Premises and/or the Additional Land, and/or Landlord's interest therein, arising through or under Landlord (but not arising through or under Tenant) during the Term of this Lease. Any such mortgage, lien or encumbrance created in violation of this provision shall automatically be deemed to be subordinate to this Lease, the Purchase Option, an...
TENANT'S OPTION TO PURCHASE. If Tenant exercises its option under the 3333 Lease to purchase the premises under such lease on the Closing Date defined below, then Tenant shall have the option to purchase the Premises on September 1, 2001 or September 1, 2006 (the applicable date chosen by Tenant herein called the "Closing Date") on the terms and conditions set forth in the Purchase Contract attached hereto as Rider E ("Purchase Contract"). Tenant shall exercise such option by delivery of written notice to Landlord on or before February 1 preceding the Closing Date exercising such option and four copies of the Purchase Contract, with the Closing Date and Purchase Price filled in, executed by Tenant. Time is of the essence in the exercise of the option to purchase set forth in this Section S.4. If Tenant exercises the option as set forth in this Section, Landlord shall execute the Purchase Contract and deliver two executed copies thereof to Tenant. The Premises shall be purchased on the terms and conditions set forth in the Purchase Contract.
TENANT'S OPTION TO PURCHASE. (A) Tenant shall have an option to purchase the leased premises at the applicable option price set forth below, which option shall be exercisable by written notice given to Landlord in the manner provided in paragraph 12 at any time on or prior to December 31, 1992. Such notice shall be given not later than six (6) months prior to the proposed date of purchase of the leased premises. The option price shall be: M $2,800,000 if Tenant exercises said option on or before December 31, 1990; Hi) $3,000,000 if Tenant exercises said option between January 1, 1991 and December 31, 1991, and Hii) $3,200,000 if Tenant exercises said option between January 1, 1992 and December 31, 1992; payable in each case all in current funds at the closing of such purchase (the "Closing").
TENANT'S OPTION TO PURCHASE. (a) Clause (a) of Section 18.02 of the Lease is amended to read: “Tenant is not in default of any of the terms this Lease or the Commercial Agreements, and”.
TENANT'S OPTION TO PURCHASE. (a) OPTION TO PURCHASE: Landlord grants to Tenant the option to purchase the Premises at the time, for the consideration, and upon the terms and conditions set forth below.
TENANT'S OPTION TO PURCHASE. (a) Subject to the provisions of Article ')6 below, provided Tenant is not then in default under any of the terms, covenants and conditions of this Lease, at any time during the term of this lease after the fourth anniversary of the Commencement Date, Tenant shall have the option to purchase the Property, by giving Landlord written notice (the "Purchase Notice") of its election to purchase the Property not earlier than four (4) years after the Commencement Date, nor later than nine (9) months prior to the expiration of the Initial Term; it being agreed that time is of the essence, for a purchase price as determined in accordance with subsection (b) below.
TENANT'S OPTION TO PURCHASE. 9.1. The Landlord hereby grants to the Tenant an option (the “Option”) to purchase all, but not less than all of the Lands and the Buildings to be exercised during the Term, at a date after March 1, 2017, but which Option may not be exercised by the Tenant during any renewal or extended term of the Lease. The date of closing of such purchase shall be at a time selected by the Tenant, but in any event no later than sixty (60) days after the exercise of the Option (herein called the “Purchase Date”). For greater certainty, should the written notice of Tenant exercise of the Option not be received by the Landlord by midnight on September 30, 2020, the Option shall be null and void and of no further force and effect. The Option may only be exercised if the Tenant is in physical possession of the whole of both 22 and 00 Xxxxxxxxx Xxxx, Xxxxxxx, Xxxxxxx. The Option is not assignable and is personal to the Tenant. The purchase price for the Lands and the Buildings (the “Purchase Price”) hereunder shall be established in accordance with Section 9.2, subject to the adjustments set out below, all upon and subject to the following terms and conditions: The
