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 Act of Cash Sale, 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:
Appears in 2 contracts
Samples: Lease Agreement (Aei Net Lease Income & Growth Fund Xx Limited Partnership), Lease Agreement (Aei Income & Growth Fund 25 LLC)
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 Act of Cash Salewarranty deed, good and marketable title to the Leased Premises subject only to the matters affecting title which were in existent as of record at the time Lessor came into title to the Leased Premises effective date of this Lease and those matters items 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:
Appears in 2 contracts
Samples: Net Lease Agreement (Aei Real Estate Fund Xvii Limited Partnership), Net Lease Agreement (Aei Real Estate Fund Xvi LTD Partnership)
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 Act of Cash Salewarranty 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 effective date hereof 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:
Appears in 2 contracts
Samples: Net Lease Agreement (Aei Real Estate Fund Xvii Limited Partnership), Net Lease Agreement (Aei Real Estate Fund Xvi LTD Partnership)
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 Act of Cash Sale, 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:
Appears in 2 contracts
Samples: Lease Agreement (Aei Net Lease Income & Growth Fund Xx Limited Partnership), Lease Agreement (Aei Income & Growth Fund 25 LLC)
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 Act of Cash Sale, 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:
Appears in 1 contract
Samples: Lease Agreement (Aei Income & Growth Fund Xxi LTD Partnership)
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 Act of Cash Salegeneral warranty deed, good and marketable indefeasible 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:
Appears in 1 contract
Samples: Net Lease Agreement (Aei Real Estate Fund 85-a LTD Partnership)