Common use of TERMS OF SALE IF OPTION EXERCISED Clause in Contracts

TERMS OF SALE IF OPTION EXERCISED. Upon Lessee's exercise of the Option in accordance with the provisions of subparagraph (B) hereof, Lessor shall be obligated to sell and convey by recordable warranty deed, good and marketable title to the Leased Premises subject only to the matters affecting title which were of record at the time Lessor came into title to the Leased Premises and those matters which Lessee created, suffered or permitted to accrue during the term hereof, and Lessee shall be obligated to purchase the Premises upon the following terms and conditions:

TERMS OF SALE IF OPTION EXERCISED. Upon Lessee's exercise of the Option in accordance with the provisions of subparagraph (B) hereof, Lessor shall be obligated to sell and convey by recordable warranty deedLimited Warranty Deed, good and marketable title to the Leased Premises subject only to the matters affecting title which were of record at the time Lessor came into acquired title to the Leased Premises and those matters which Lessee has suffered, created, suffered or permitted to accrue during the term hereof, and Lessee shall be obligated to purchase the Premises upon the following terms and conditions:

TERMS OF SALE IF OPTION EXERCISED. Upon Lessee's exercise of the Option in accordance with the provisions of subparagraph (B) hereof, Lessor shall be obligated to sell and convey by recordable special warranty deed, good and marketable title to the Leased Premises subject only to the matters affecting title which that were of record at the time Lessor came into title to the Leased Premises and those matters which Lessee created, suffered or permitted to accrue during the term hereof, and Lessee shall be obligated to purchase the Premises upon the following terms and conditions: