Term of Purchase Option. The term of the Purchase Option (the "PURCHASE OPTION TERM") shall be during the tenth (10th)
Term of Purchase Option. This Purchase Option shall commence on the Effective Date and shall continue in full force and effect until either (a) the natural expiration of the term of the Casino Lease (i.e., the end of any then effective term without giving effect to any early termination) or (b) 90 days following the earlier termination of the Casino Lease, if otherwise terminated in accordance with its terms (such period, the “Purchase Option Period”).
Term of Purchase Option. The term of the Purchase Option shall begin upon the Effective Date and shall terminate at 5:00 p.m. (prevailing Pacific time) on May 22, 2012 (the “Option Term”).
Term of Purchase Option. This option to purchase shall commence on January 1, 2020 and shall expire on December 31, 2020.
Term of Purchase Option. The term of the Purchase Option (the "Purchase Option Term") shall be for a period of six (6) months, commencing on July 1, 1999 and ending on December 31, 1999. Unless timely and properly exercised as provided herein, the Purchase Option shall expire, lapse and terminate for all purposes at the end of the Purchase Option Term and thereafter shall be of no further force or effect. In such event, within five (5) days thereafter, Tenant shall execute, acknowledge and deliver to Landlord a quitclaim deed, in recordable form and as is then acceptable to Landlord, terminating its interest in, to and under the Purchase Option.
Term of Purchase Option. This Option shall continue in effect through the Term and Renewal Term of this Lease. It may be exercised by the Tenant at any time before its expiration by written notice sent to the Landlord.
Term of Purchase Option. The term of the first Purchase Option (the “First Purchase Option Term”) shall commence and terminate on the Effective Date of the Lease. The term of the second Purchase Option (the “Second Purchase Option Term”) shall commence on the day after the Effective Date of the Lease and shall terminate on December 31, 2006 (the “First Purchase Option Term” and the “Second Purchase Option Term” are herein individually and collectively referred to as the “Purchase Option Term” as the content requires).
Term of Purchase Option. The Purchase Option may be exercised at any time after the first annual anniversary of the Closing under the Asset Purchase Agreement, and shall expire, if not previously exercised, at 11:59 p.m., Eastern time, on the second annual anniversary of the Closing under the Asset Purchase Agreement.
Term of Purchase Option. The term of the Option shall commence on the Commencement Date and shall expire at the expiration or earlier termination of the Lease Term as set forth in the Lease Agreement, unless sooner exercised or terminated as provided herein (the "Option Term").
Term of Purchase Option. The Option may be exercised at any time ----------------------- during the term of this Lease by Tenant tendering written notice (the "Exercise Notice") to Landlord and Tewel. Notwithstanding the foregoing, in the event Tenant has not exercised the Purchase Option prior to six (6) months from the expiration of the term (either the Initial or any Renewal Term of this Lease), then the exercise of the Option will be subject to Tenant providing written notice of the desire to exercise the Option and Landlord and Tewel accepting the same, such acceptance to not be unreasonably withheld or delayed. Closing of the sale under the Option shall occur within ninety (90) days after the date of such Exercise Notice, at the offices of Firelands Abstract & Title Company, 000 Xxxxxxx Xxxxxx, Xxxxx 0-X, Xxxx Xxxxxxx, Xxxx, 00000 (the "Title Company").
