Property Purchase Option definition

Property Purchase Option means a purchase option granted by a debtor in connection with the sourcing and financing of a mortgage loan and/or other investment, as applicable, pursuant to which the REIT is granted a right to purchase a pre-determined interest at a specified price or formula upon the completion/stabilization of the properties that are the subject of the mortgage loan or that are underlying the other investment, as applicable.
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Property Purchase Option means a purchase option granted by a debtor to the Trust in connection with the sourcing and financing of a mortgage loan and/or other investment, as applicable, pursuant to which the Trust is granted a right to purchase a pre-determined interest
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Property Purchase Option has the meaning set forth in Section 2.01 of the Option Agreement.
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Examples of Property Purchase Option in a sentence

  • Each UE is able to access the medium only for a certain time period.

  • If PRC law requires a minimum price higher than the Benchmark Purchase Price when Party A exercises the Share of Property Purchase Option, the minimum price regulated by PRC law shall be the purchase price (collectively, the “Share of Property Purchase Price”).

  • Intellectual Property Purchase Option Agreement dated March 1, 2012 between Giganology (Shenzhen) Ltd.

  • The parties agree the Sports Complex Property Purchase Option is neither exclusive nor irrevocable.

  • Except for Party A and the Designee(s), no other person shall be entitled to the Share of Property Purchase Option or other rights with respect to the share of property in Party B.

  • Addendum Foreclosed Property Purchase Option The City received a letter from the Clare County Treasurer’s office regarding an option to purchase property located at 415 North McEwan Street which was foreclosed on under PA 123.

  • If this Lease terminates because Tenant acquires the Premises in accordance with its Property Purchase Option under Article 21 below, Landlord and Tenant shall cause an Option to be executed and recorded against the Adjacent Parcel maintaining Tenant’s rights under this Section 19.2 (but any other termination of this Lease automatically voids this Article 19 entirely).

  • The SULTAN Framework addresses the issue of specifying trust relationships, analysing those relationships and using all the information related to these relationships to enable decision making.

  • It is also expressly agreed and understood by Landlord and Tenant that, notwithstanding anything to the contrary provided in a Lease or this Agreement, Landlord, without the prior consent or approval of Tenant, may assign its rights and interests in the Personal Property Purchase Option.

  • Joel Dillingham was in attendance to answer any questions City Council may have.Motion by Leeming, seconded by Hunsaker, carried by unanimous vote of the Council to approve an amendment to extend the Property Purchase Option to September first for Loan Commitment and a closing no later than October 31, 2016 and authorize the Mayor and City Clerk to sign on behalf of the City of DeWitt.

Related to Property Purchase Option

  • Purchase Option Notice As defined in Section 3.18(e).

  • Purchase Option Price means the amount payable by a Lessee upon the exercise of its option to purchase a related 2018-1 Vehicle which amount equals (a) with respect to a Matured Vehicle, the Contract Residual Value plus any fees, taxes and other charges imposed in connection with such purchase and (b) with respect to a related 2018-1 Vehicle for which the related 2018-1 Lease has been terminated early by the Lessee, the sum of (i) any unpaid Monthly Payments due, (ii) any fees, taxes and other charges imposed in connection with the related 2018-1 Lease, (iii) an early termination fee and (iv) the Actuarial Payoff.

  • Purchase Option Period As defined in Section 9.03(a) hereof.

  • Repurchase Option has the meaning set forth in Section 1.3(a) hereto.

  • Purchase Option As defined in Section 3.18(c).

  • Put Right has the meaning set forth in Section 8.05(a).

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Put Option Notice means a notice which must be delivered to a Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;

  • Property Notice means any order, notice, proposal, demand or other requirement issued by any competent authority (including the Landlord) which materially affects the Academy Trust’s ability to use the Land for the purposes of the Academy.

  • Option Notice has the meaning set forth in Section 5.2(a).

  • First Refusal Right means the right granted to the Corporation in accordance with Article E.

  • ROFR means a right of first refusal to purchase or a right of first offer to purchase one or more of the Mortgaged Properties pursuant to a recorded instrument (or a memorandum thereof) encumbering the applicable Mortgaged Property.

  • Call Option Notice means a written notice from the holder of the Call Option or the Administrator, as applicable, stating its desire to exercise the Call Option on the related Reset Date, delivered to each Clearing Agency, the Indenture Trustee, the Remarketing Agents, the Rating Agencies and, if the related class of Reset Rate Notes is then listed on the Luxembourg Stock Exchange, the Administrator will forward a copy to the Luxembourg Listing Agent (the contents of which are to be published in a leading newspaper having general circulation in Luxembourg).

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

  • First Offer Notice shall have the meaning set forth in Section 14.4(a).

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Option Securities shall have the meaning ascribed to such term in Section 2.2(a).

  • Disposition Notice is defined in Section 5.2(a).

  • Conversion Right has the meaning provided in Section 4.5(a) hereof.

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Remaining Shares has the meaning set forth in Section 4.1.2.

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • Offered Shares has the meaning set forth in Section 3.02(a).

  • Exercise Notice has the meaning set forth in Section 3.2(1);

  • Founder Shares Purchase Agreement shall have the meaning given in the Recitals hereto.

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.