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

  • 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.

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

  • Absent: None.ADMINISTRATION/AUDITOR: It is moved by Supervisor Evans, seconded by Supervisor Indrieri to authorize the Auditor-Controller to issue a check in the amount of$10,000.00 to Western Title Colusa County, California Corporation, per the Real Property Purchase Option Agreement (C14-038) for the potential purchase of the building and adjoining parking lot located at 250 5th Street, Colusa, CA, more commonly known as the Western Title Company.

  • Property Purchase OptionMandrake has also executed a Property Purchase Option (Option) that provides Mandrake with the option to purchase the Newleyine ~377 hectare property and the associated mineral rights (with the exception of gold, silver and precious metals, all mineral rights are owned by the property owner).

  • Muszar, California Government Code Section 54956.8, to discuss property located at 250 5th Street, Colusa, CA 95932, regarding possible purchase.Mr. Kropf states a matter arose after the posting of the March 11, 2014 Agenda regarding a Real Property Purchase Option Agreement for the commercial property and attached parking lot located at 250 5th Street, Colusa, commonly known as the Western Title Company and requests the matter be placed on the Agenda for consideration.

  • Even if competent speakers doubt the relevant coreference facts, they could still fully understand those sentences.

  • Property Purchase Option According to the latest partnership agreement of the Limited Partnership, the General Partner has an option to purchase partnership property at the end of the low-income housing tax credit compliance period at a price which would facilitate the purchase while protecting the Partnership’s tax benefits from the Project.

  • We recommend that the Bill, as in the Mental Health (Care and Treatment) (Scotland) 2003 Act, include a condition at clause 9 that by reason of mental disorder the patient’s ability to make decisions about the provision of medical treatment is significantly impaired.

  • The Exclusive Intellectual Property Purchase Option Agreement shall remain effective for a term of ten years commencing on 15 November 2021 and may be extended for ten years at the discretion of Daily Charge Shenzhen.

  • It includes a 20% contingency, higher than the usual 7% to 8%, but this includes engineering.

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 2024-1 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 2024-1 Vehicle for which the related 2024-1 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 2024-1 Lease, (iii) an early termination fee and (iv) the Actuarial Payoff.

  • 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. Restrictions on Land transfer

  • 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 set forth in Section 4.05(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).

  • Exchange Property has the meaning set forth in Section 11(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.