Option to Purchase has the meaning set forth in Section 13.1.
Option to Purchase means a contract by which a local agency enters an agreement with another entity to allow the latter to purchase surplus land at a specified price, or within a reasonable time in the future, but without imposing an obligation to purchase upon the option holder.
Option to Purchase means an option to purchase dated the day of 20 granted by the Vendor to the Borrower and duly accepted by the Borrower on the day of 20.
Examples of Option to Purchase in a sentence
The parties have carefully read this Option to Purchase Agreement and have asked any questions needed to understand its terms, consequences, and binding effect and fully understand them and have been given an executed copy.
The parties are executing this Option to Purchase Agreement voluntarily and without any duress or undue influence.
This Option to Purchase Agreement is exclusive and non-assignable and exists solely for the benefit of the named parties above.
The parties have sought the advice of an attorney of their respective choice if so desired prior to signing this Option to Purchase Agreement.
The parties further agree that this Option to Purchase Agreement is not entered into in reliance upon any representation or warranty made by either party.
More Definitions of Option to Purchase
Option to Purchase means the Option to Purchase Affordable Housing agreement which may be entered into by and between San Miguel County, the Owner and the holder of a first mortgage that grants the Housing Authority the right to acquire the Subject Property in event of a foreclosure (see Section 5-1305 F.V.).
Option to Purchase. On the first Optional Termination Date and any Distribution Date thereafter, the Master Servicer, upon instruction by the Depositor, shall purchase the Mortgage Loans. If the Depositor fails to instruct the Master Servicer to purchase the Mortgage Loans, the Master Servicer has the right and, at its own option, may purchase the Mortgage Loans on the first Distribution Date and any Distribution Date thereafter on which the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period is less than or equal to 5.00% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
Option to Purchase means the option to purchase the Vessels referred to in Article 8 of the Agreement;
Option to Purchase. With respect to any Optional Termination Date, the right of the Master Servicer at its own option to purchase the Mortgage Loans.
Option to Purchase. (Shares) Shares (the "Option Shares") Date of Grant: (Grant Date) ------------------- -------------- Granted to (the "Optionee"): (Name) Option Price: (Price) ---------------------------- ------------- Social Security Number: (SSN) Expiration Date: 25% on (Date) ----------------------- ---------------- 25% on (Date) 25% on (Date) 25% on (Date) Vesting Start Date(the "Vesting Start Date"): (Vesting Start Date) --------------------------------------------- Vesting Schedule: To vest 25.000% on the one year anniversary of the Vesting Start Date and an additional 2.083% each month thereafter up to and including the 48th month so that the Option is fully vested 48 months after the vesting start date. By acceptance of this Option, the Optionee agrees to the terms and conditions on the reverse side of this certificate and in the Plan. /s/ Xxxxx X. Xxxx ------------------------------- ----------------------------- [LOGO] XXXXX X. XXXX Cambridge Technology Partners CHIEF EXECUTIVE OFFICER ------------------------------- Cambridge Technology Partners (Massachusetts), Inc.
Option to Purchase means the non-qualified option to purchase Common Stock granted under the Certificate of Stock Option Grant.
Option to Purchase. As more fully described in Section 2.2 of the Stockholders' Agreement, any right or option to purchase any shares pursuant to this Agreement shall first be exercisable by Richxxx X. Xxxxxxxx, xx his designee, who shall first have the option to purchase all of the Shares under the applicable terms and conditions. So long as the Stockholder Agreement is in effect, the Evercore Entities (as defined in the Stockholder Agreement) shall have the option to purchase or redeem the Shares if not purchased by Richxxx X. Xxxxxxxx under the same applicable terms and conditions. The other Management Shareholders (as defined in the Stockholder Agreement) shall have the option to purchase all of the Shares not purchased by Richxxx X. Xxxxxxxx xx the Evercore Entities under the same applicable terms and conditions.