District’s Purchase Option Sample Clauses

District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
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District’s Purchase Option. 5.1. If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Master Facilities Lease and Site Lease by paying the total remaining unpaid Lease Payments as of the date the option is exercised (“Option Price”).
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District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said Exhibit C to Facilities Lease Page 8 of 12 Technology High School Conversion and Xxxx Xxxx Elementary School Modernization Project DWK DMS 3089520v1 payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
Sample 1
District’s Purchase Option. If the District is not then in uncured default hereunder, the District shall have the option to purchase not less than all of the Project and terminate this Master Facilities Lease and Master Site Lease by paying the total remaining unpaid Lease Payments as of the date the option is exercised (“Option Price”). District shall provide Contractor no less than fourteen (14) days’ prior written notice that District is exercising its option to purchase the Project as set forth above on a specific date (“Option Date”). If the District exercises this option, the District shall pay directly to Contractor the Option Price on or prior to the Option Date and Contractor shall at that time deliver to District all reasonably necessary documents to terminate this Master Facilities Lease and the Master Site Lease. Under no circumstances can the Option Date be on or before thirty-five (35) days after the Contractor achieves Final Completion of the Project.
Sample 1

Related to District’s Purchase Option

  • Purchase Option The Company hereby agrees to issue and sell to the Representative (and/or their designees) on the Effective Date an option ("Representative's Purchase Option") for the purchase of an aggregate of ______ units ("Representative's Units") for an aggregate purchase price of $100. Each of the Representative's Units is identical to the Firm Units except that the Warrants included in the Representative's Units ("Representative's Warrants") have an exercise price of $____ (___% of the exercise price of the Warrants included in the Units sold to the public). The Representative's Purchase Option shall be exercisable, in whole or in part, commencing on the later of the consummation of a Business Combination and one year from the Effective Date and expiring on the five-year anniversary of the Effective Date at an initial exercise price per Representative's Unit of $___, which is equal to _________ (___%) of the initial public offering price of a Unit. The Representative's Purchase Option, the Representative's Units, the Representative's Warrants and the shares of Common Stock issuable upon exercise of the Representative's Warrants are hereinafter referred to collectively as the "Representative's Securities." The Public Securities and the Representative's Securities are hereinafter referred to collectively as the "Securities." The Representative understands and agrees that there are significant restrictions against transferring the Representative's Purchase Option during the first year after the Effective Date, as set forth in Section 3 of the Representative's Purchase Option.

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