Option to Buy definition

Option to Buy means the right to Acquire Goods upon stated terms, most often but not exclusively encountered in the context of rental, lease (but not a financing lease), or hire-purchase agreements.
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Option to Buy means the right to acquire goods upon stated terms, most often but not exclusively encountered in the context of rental, lease (but not a financing lease), or hire- purchase agreements. The exercise of an option to extend a contract for the acquisition of goods and services shall also be deemed to be the exercise of an option to buy, but only if the option to extend formed part of the original contract as awarded.
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Option to Buy has the meaning assigned to such term in Section 2.3.
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Examples of Option to Buy in a sentence

  • The SCHA or the Town may exercise its Option to Buy by tendering the Deed In Lieu Price (as defined below) to the First Mortgagee, within thirty (30) days from and after vesting of title to the Property in the First Mortgagee by deed in lieu of foreclosure ("Deed in Lieu Option Period").

  • In the event that the First Mortgagee takes title to the Property by deed in lieu of foreclosure, the SCHA and the Town shall have an option to buy the Property ("Option to Buy") exercisable in accordance with this paragraph.

  • The First Mortgagee shall not be liable for any of the costs of conveyance of the Property to the SCHA, the Town, or its designee; however, the First Mortgagee shall cooperate with the SCHA or the Town in calculating the Deed in Lieu Price and in the execution of the Option to Buy.

  • This Option to Buy shall be considered part and parcel to the Interest.

  • If, based on the results of such due diligence, Purchaser wishes to exercise its Option to Buy, then, no sooner than 27 Months, and no later than 24 Months, prior to the expiration of the Extended Term, Purchaser shall notify Seller of its decision to exercise the Option to Buy ("NOTICE OF EXERCISE OF OPTION").

  • This Option to Buy, shall be initiated by LESSEE notifying LESSOR in writing of its desire to exercise the Option to Buy during the Period to Buy.

  • During the Option Period, while the Option to Buy is in force, the Company will pay the Concession Holder as a retribution for the Option to Buy the following amounts indicated in US Dollars.

  • If the Lessee exercises its Option to Buy and the applicable notice of exercise states a closing date during year four of the Original Term and the closing actually occurs and title passes from the Lessor to the Lessee on or before August 31, 2020, or within the applicable extended period of time established pursuant the first paragraph of this Section 35, the purchase price shall be Seventeen Million Dollars ($17,000,000.00).

  • During the Period of Option to Buy and during the time in which the Company carries out jobs and exploitation tasks under the seventeenth clause, the Concession Holder is required not to perform any acts or subscribe any documents which may cause; i) the reduction of the surface of any of the Mining Lots, ii) the grouping of any of the Lots, iii) the division of the surface of any of the Lots or iv) the discontinuance of any of the Mining Concessions.

  • The First Option to Buy shall only be valid if exercised in relation to all the Offered Shares.