Tenant Purchase Option definition

Tenant Purchase Option means the right of Tenant to purchase the Leased Property pursuant to Section 13 of the Lease.
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Tenant Purchase Option means, with respect to any Lease, the option of the related Tenant, whether conditional or otherwise, to purchase the related Property before or at the expiration of the related Lease term.
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Tenant Purchase Option. An option of a Tenant or other Person under or in connection with a Lease to purchase the related Mortgaged Property.
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Examples of Tenant Purchase Option in a sentence

  • The closing of the purchase and sale of the Project Property pursuant to the Tenant Purchase Option (the “Closing”) shall occur on the date that is 60 days after the date of the Exercise Notice (the “Closing Date”), or such other date as Tenant and Landlord may agree in writing.

  • The purchase price for the Project Property (the “Purchase Price”) pursuant to the Tenant Purchase Option shall be $14,400,000.00.

  • Notwithstanding anything to the contrary set forth in this Section 18, the Tenant Purchase Option shall be expressly subject to and conditioned upon Tenant timely satisfying the Employment Requirements and that no Event of Default by Tenant has occurred under this Lease and Tenant shall not be in default as of the date of the Exercise Notice (as defined below).

  • The term of the Tenant Purchase Option and Tenant’s right to purchase the Project Property pursuant thereto shall commence on the Effective Date and shall automatically expire if not exercised on or before the Option Exercise Deadline, unless sooner terminated pursuant to the terms of Section 18.4. If Tenant does not exercise the Tenant Purchase Option on or before the Option Exercise Deadline, the Tenant Purchase Option expires.

  • In the event the foregoing conditions are not satisfied, the Tenant Purchase Option will automatically terminate and be of no further force or effect, Landlord shall be entitled to retain the Option Payment and neither Landlord nor Tenant will have any further rights or obligations under this Section 18.

  • In addition, upon the request of the Buyer Parties, LBHI and Seller shall participate in the resolution of any controversy with a Governmental Authority or otherwise regarding the applicability of the exemption of any of the Contemplated Transactions from Transfer Tax or Tenant Purchase Option Laws.

  • Seller shall keep Buyer informed about all communications between Seller and the Existing Tenant concerning the Existing Tenant Purchase Option and shall promptly provide Buyer with copies of all notices that Seller may send or receive from the Existing Tenant in connection with the same.

  • Seller acknowledges and confirms to Buyer that, promptly after the effective date of the Original Contract and pursuant to the terms of the Original Contract, Seller notified Existing Tenant in writing (a copy of which notice was concurrently sent to Buyer) of Seller’s intention to sell the Property as contemplated by the Original Contract and has fully complied with the terms of the Existing Lease governing or relating to the Existing Tenant Purchase Option.

  • Each of the Issuer and the Property Manager hereby covenant and agree that they shall not solicit any Tenant to exercise any Tenant Purchase Option.

  • Notwithstanding the above, Landlord acknowledges and agrees that in the event the Event of Default which gave rise to the termination of this Lease occurs during the period commencing on the Commencement Date and ending on October 31, 2006, Tenant shall nevertheless be entitled to exercise the Tenant Purchase Option during such period.


More Definitions of Tenant Purchase Option

Tenant Purchase Option. As defined in the Property Management Agreement.
Sample 1
Tenant Purchase Option. With respect to a Property, an option held by the related Tenant to purchase such Property under the related Lease.
Sample 1

Related to Tenant Purchase Option

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

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

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

  • 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.

  • car-share parking space means a parking space that is reserved and actively used for car-sharing;

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

  • Renewal Option has the meaning set forth in §12.1.

  • Building Square Footage or "BSF" means the square footage of assessable internal living space of a Unit, exclusive of any carports, walkways, garages, overhangs, patios, enclosed patios, detached accessory structure, other structures not used as living space, or any other square footage excluded under Government Code Section 65995 as determined by reference to the Building Permit for such Unit.

  • 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 Units means the Common Units that the Partnership will agree to issue upon an exercise of the Over-Allotment Option.

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

  • 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.

  • Option to Build means the option of the New Service Customer to build certain Customer- Funded Upgrades, as set forth in, and subject to the terms of, the Construction Service Agreement.

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

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

  • Landlord Agreement means an agreement substantially in the form provided by Lender to Borrower or such other form as Lender may agree to accept.

  • this Tenant Work Letter means the relevant portion of Sections 1 through 6 of this Tenant Work Letter.

  • Shelf Offering Notice has the meaning set forth in Section 1(d)(i).

  • Storage Space means a space where goods of non-hazardous nature are stored and includes cold storage and banking safe vaults;

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

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

  • Subleased Premises means all that portion of the Leased Premises referred to as airport lot as outlined on the site diagram attached as Schedule "A" to this Sublease; and

  • Warrant Share Delivery Date shall have the meaning set forth in Section 2(d)(i).

  • Public space means any real property or structures thereon that are owned, leased, or controlled by a governmental entity.

  • Parking Space The County shall attempt to provide adequate free parking facilities for employees within a reasonable distance of their work locations.

  • Initial Subscription Term the initial term of Your Subscription as agreed in the Order which commences on the date of acceptance of the Order or as otherwise agreed to by the parties.