Term Purchase Option. Subject to the terms and conditions of this Agreement and the other Operative Documents (including those set forth below in this Paragraph 2.01), Lessee may, at its option on any Business Day prior to the Scheduled Expiration Date of the Lease Agreement, terminate the Lease Agreement and purchase all of the Property (the "Term Purchase Option").
Term Purchase Option. 2 2.02. Notice of Term Purchase Option Exercise..................................... 2 2.03.
Term Purchase Option. 2 2.02. Partial Purchase Option...................................................3
Term Purchase Option. Subject to the terms and conditions of this Agreement and the other Operative Documents (including those set forth below in this Paragraph 2.01), Lessee may, at its option on any Scheduled Rent Payment Date prior to the Scheduled Expiration Date of the Facility 1 Lease Agreement, terminate the Facility 1 Lease Agreement and purchase all of the Facility 1 Property (the "Term Purchase Option").
Term Purchase Option. (a) This Lease shall be effective from and after the date of its execution and delivery by Landlord and Tenant, December 30, 1999. Subject to the terms, covenants, agreements and conditions contained herein, Tenant shall have and hold the Leased Premises for a term (the "Term") commencing on the Rent Commencement Date and ending at midnight on January 1, 2019. From the effective date of this Lease, as set forth above, to and including the Rent Commencement Date, Tenant shall have the right to enter the Leased Premises for the purpose of performing, or causing to be performed, "tenant improvement work" for the purpose of installing, or causing to be installed, Tenant's Equipment and for the purpose of monitoring the construction of the Additional Improvements. Landlord shall have the right during the last twelve months of the Term of this Lease to (i) advertise the availability of the Leased Premises for sale or for reletting and to erect upon the Leased Premises signs indicating such availability (provided that such signs do not unreasonably interfere with the use of the Leased Premises by Tenant), and (ii) show the Leased Premises to prospective purchasers or tenants at such reasonable times and on reasonable prior notice during normal business hours as Landlord may select, subject to Tenant's customary access restrictions.
(b) Provided that, at the time of exercise of the following purchase option and at the time of closing of the purchase of the Leased Premises pursuant to such option, (i) no Event of Default or event which, with the giving of notice or the lapse of time, or both, would constitute an Event of Default which would entitle Landlord to terminate this Lease or the 1997 Lease or evict Tenant from possession of the Leased Premises or of the Land or the Improvements, shall exist, (ii) all payments of Basic Rent and Additional Rent under this Lease and all payments of Basic Rent (as defined in the 1997 Lease) and Additional Rent (as defined in the 1997 Lease) under the 1997 Lease shall have been paid through the date of the exercise of such purchase option, and (iii) this Lease and the 1997 Lease shall be in full force and effect (unless this Lease or the 1997 Lease is not in full force and effect due to Landlord's default), then Tenant shall have the right and option, by giving notice as set forth below, to acquire the Leased Premises from Landlord as provided below. Tenant may not exercise such purchase option unless it simultaneously exercise...
Term Purchase Option. The term of this Lease Agreement (the "Term") shall commence on the date of this Lease Agreement, and, unless earlier terminated as provided herein, shall continue for a period of five years thereafter. Lessor shall have the right to renew this Lease Agreement for up to five additional one-year terms after expiration of the initial Term. Upon expiration of the Term, including any renewal Term, Lessee shall have the right to purchase the Equipment for a purchase price of $1.00 (the "Purchase Price"). Lessee shall be deemed to have exercised its option to purchase the Equipment upon the expiration of the Term and shall upon receipt of a written demand from the Lessor, pay the Purchase Price within 30 days of receipt of such demand. If Lessee fails to pay the Purchase Price as provided in this paragraph, Lessee shall return the Equipment to Lessor after the expiry of the 30 day notice period upon the request of the Lessor.
Term Purchase Option. FACILITY DEVELOPMENT 16
Term Purchase Option. The term of each Lease will begin on, and interest shall accrue from, the date that We disburse lease proceeds pursuant to the related Schedule (the “Commencement Date”) and will continue for the number of months shown on such Schedule (the “Term”), subject to Section 14. You authorize Us to insert the applicable Commencement Date on the Schedule relating to each Lease. Each Lease is non-cancelable for the full Term, subject to Section 14. Notwithstanding the foregoing, provided that You are not then in default under a Lease, such Lease will terminate and Our security interest in the Equipment will terminate (i) at the end of the Term, upon payment in full of all Payments and other amounts payable by You under such Lease; or (ii) on any Payment date, upon payment by You of the then applicable “Prepayment Amount” under such Lease as set forth in the related Schedule, plus the Payment due on such date and all other amounts then due under such Lease, provided that You shall have given Us not less than 30 days’ prior written notice of Your intent to make such payment.
Term Purchase Option. 12 7. Rent......................................................................... 17 8. Net Lease; Non-Terminability................................................. 20 9. Payment of Impositions; Compliance with Law and Restrictive Covenants.....
Term Purchase Option. The term of this Lease shall commence as of the date on which the Equipment is delivered to the Lessee’s location and ends on the 12-month anniversary of such commencement date unless the parties mutually agree to extend the term; provided, however, that so long as it is not in default hereunder, Lessee may terminate this Lease for convenience upon 30 days’ prior written notice at any time. Lessee will be entitled to purchase the Equipment at any time (at a price mutually determined by the parties) upon giving Lessor 30 days’ prior notice of its election to purchase Equipment. This Lease will automatically terminate upon the date on which Lessee purchases the Equipment (on which date Lessor shall transfer to Lessee any and all of its rights, title and interest in the Equipment, AS IS, WHERE IS, WITHOUT ANY WARRANTIES, EXPRESS OR IMPLIED).
