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
Term Purchase Option. 2 2.02. Partial Purchase Option......................................................2 2.03. Call Option..................................................................4
Term Purchase Option. (a) This Lease shall be effective from and after the date of its execution and delivery by Landlord and Tenant, December 31, 1997. 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 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.
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. 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. 9.
Term Purchase Option. FACILITY DEVELOPMENT 16 2.1 Term. 16 2.2 Purchase Option. 16 2.3 Milestones. 17 2.4 Project Construction and Delay Damages. 17 2.5 Damages Calculation. 18 2.6 Damages Invoicing. 18
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 Facility 3 Lease Agreement, terminate the Facility 3 Lease Agreement and purchase all of the Facility 3 Property (the "Term Purchase Option").
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).
Term Purchase Option. 12 7. Rent......................................................................... 17 8. Net Lease; Non-Terminability................................................. 20 9. Payment of Impositions; Compliance with Law and Restrictive Covenants........ 21 10. Liens; Recording and Title; Easements........................................ 22 11. Indemnification.............................................................. 22 12. Tenant's Equipment; Building Equipment; Maintenance and Repair............... 23 13. Alterations.................................................................. 25 14. Condemnation................................................................. 27 15. Insurance.................................................................... 28 16.
