Third Party Purchase Option definition

Third Party Purchase Option. As defined in the Property Management Agreement.
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Third Party Purchase Option. The option under a Lease, whether conditional or otherwise, for the related Tenant or another third party to purchase the related Property before or at the expiration of the term of the Lease for the Third Party Option Price.
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Third Party Purchase Option. An option of a Tenant or any other Person under or in connection with a Lease, Lease Documents or other related agreements to purchase the related Mortgaged Property before or at the expiration of the Lease term.
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Examples of Third Party Purchase Option in a sentence

  • Each of the applicable Issuers and the Property Manager hereby covenant and agree that they shall not solicit any Person to exercise any Third Party Purchase Option.

  • In addition, no exchange of a Property or Lease may occur (other than pursuant to a Third Party Purchase Option or release due to a Collateral Defect) if an Early Amortization Period would occur as a result of such exchange.

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

  • The Exit Fee shall be due and payable at the time of such prepayment (including on the Facility Termination Date), provided, that notwithstanding anything herein or in any other Loan Document to the contrary, no Exit Fee shall be due or payable in connection with (i) the removal of Properties from the Collateral pursuant to a Third Party Purchase Option or (ii) the removal of Lender Approved Release Properties identified in Schedule IV to the Disclosure Letter.

  • Such Lease Schedule to the applicable Series Supplement sets forth a true and correct list of each Owned Property that is subject to a Third Party Purchase Option or an option to terminate such Lease prior to the Rated Final Payment Date, together with the earliest date on which each such option may be exercised.

  • In addition, no exchange of a Property, Lease or Loan to a third party, SCF Realty Capital or any of its Affiliates or to an SCF SPE may occur (other than pursuant to a Third Party Purchase Option) if an Early Amortization Period would occur as a result of such exchange.


More Definitions of Third Party Purchase Option

Third Party Purchase Option. An option of a Tenant or any other Person under or in connection with a Lease, Lease Documents or other related agreements to purchase the related Mortgaged Property before or at the expiration of the Lease term. “Title Company ”: As defined in Section 2.03(a). “Title Insurance Policies ”: As defined in Section 2.03(a). “Total Debt Service ”: As defined in the Indenture. “Transfer Date ”: The date on which a Mortgage Loan or Mortgaged Property is acquired by the applicable Issuer. “Treasury Regulations ” Any treasury regulations relating to like-kind exchanges and Section 1031 of the Code (or any successor section thereof). 32 US-DOCS\ 96557504.7 102826315.7
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Third Party Purchase Option means a Tenant Purchase Option or Non-Tenant Purchase Option, as applicable.
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