Purchase Option Closing definition
Examples of Purchase Option Closing in a sentence
Tower Operator shall pay to the Option Sellers the Option Purchase Price for the Purchase Sites in cash or immediately available funds on or prior to the applicable Purchase Option Closing Date.
The Option Sellers will be obligated to sell, and Lessee will be obligated to buy, all such Master Lease Sites at a closing to be effective as of the Purchase Option Closing Date.
Anything to the contrary contained in this Article IX notwithstanding, in no event shall the aggregate liability of Seller under this Article IX exceed the aggregate amounts received by Seller at the First Closing, the Second Closing, and, if applicable, the Purchase Option Closing.
The closing of the purchase and sale of the Option Shares pursuant to the exercise of the Purchase Option by Purchaser (the "Purchase Option Closing") will take place at 11:00 a.m. Central no later than ten (10) business days following the date of delivery to Seller of Purchaser's notice of exercise pursuant to Section 2.3(b) above, at the offices of Xxxxxxx & Xxxxx L.L.P., 000 Xxxxxxxx Xxxxxx, Xxxxx 0000, Xxxxxx, Xxxxx 00000, or at such other time and place as the Parties may agree.
The Option Sellers shall be obligated to sell, and AT&T Guarantor shall cause the Option Sellers to sell, and Tower Operator shall be obligated to buy, all such Purchase Sites hereunder at a single closing to be held on and effective as of the applicable Purchase Option Closing Date.
AT&T Guarantor and the Option Sellers, at their cost and expense, shall use their reasonable best efforts, beginning on the date that is 6 months prior to the applicable Purchase Option Closing Date, to obtain any consent or waiver required to give effect to the sale of the Purchase Sites upon the exercise of the Purchase Option.
In the event the Purchase Option is exercised by DURA, this Agreement shall terminate, effective upon the Purchase Option Closing Date, without any obligation to make payments pursuant to Section 7 of this Agreement.
If Tenant exercises the Purchase Option but fails to consummate the acquisition of the Premises for any reason, Tenant shall pay any Purchase Option Closing Costs incurred notwithstanding the failed closing and the Purchase Option will stay in effect until the end of the Option Term.
In the event the Purchase Option is exercised by DURA, this Agreement shall terminate, effective upon the Purchase Option Closing Date, without any obligation to make payments pursuant to Section 7 of the Technology Agreement.
All real estate taxes relating to the Property shall be prorated between Grantor and Grantee as of the date of Purchase Option Closing.