Common use of TRANSFER TO THE LESSEE Clause in Contracts

TRANSFER TO THE LESSEE. In the event the Lessee has not exercised its option to purchase the Premises in accordance with Section 9 hereof and has not exercised its option to renew this Lease in accordance with Section 10 hereof, then, upon expiration of this Lease and upon full performance by the Lessee of its obligations under this Lease, the Premises shall become the absolute property of the Lessee, and, upon the Lessee’s request, the Lessor shall execute proper instruments conveying to the Lessee all of the Lessor’s title thereto.

Appears in 3 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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TRANSFER TO THE LESSEE. In the event the Lessee has not exercised its option to purchase the Premises in accordance with Section 9 hereof and has not exercised its option to renew this Lease in accordance with Section 10 hereof, then, upon expiration of this Lease and upon full performance by the Lessee of its obligations under this Lease, the Premises shall become the absolute property of the Lessee, and, upon the Lessee’s request, the Lessor shall execute proper instruments conveying to the Lessee all of the Lessor’s title thereto.thereto.‌‌

Appears in 3 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

TRANSFER TO THE LESSEE. In the event the Lessee has not exercised its option to purchase the Premises in accordance with Section 9 hereof and has not exercised its option to renew this Lease in accordance with Section 10 hereof, then, upon expiration of this Lease and upon full performance by the Lessee of its obligations under this LeaseLease at the time of the expiration, the Premises subject to this Lease shall become the absolute property of the Lessee, and, upon the Lessee’s request, the Lessor shall execute proper instruments conveying to the Lessee all of the Lessor’s title thereto.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

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TRANSFER TO THE LESSEE. In the event the Lessee has not exercised its option to purchase the Premises in accordance with Section 9 hereof and has not exercised its its‌‌ option to renew this Lease in accordance with Section 10 hereof, then, upon expiration of this Lease and upon full performance by the Lessee of its obligations under this Lease, the Premises shall become the absolute property of the Lessee, and, upon the Lessee’s request, the Lessor shall execute proper instruments conveying to the Lessee all of the Lessor’s title thereto.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

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