Effect of Closing Date on Lease Term. In the event Buyer exercises Buyer’s Option to purchase the Property and the Closing Date is either before or after the date the term of the Lease expires, Buyer and Seller agree that the term of the Lease shall either be extended or shortened to run through and expire on the same terms and conditions upon the conclusion of the closing of this Option Agreement. Rent shall be prorated through and include the date of closing. The Lease shall remain in full force and effect until the conclusion of the closing. At the closing Buyer shall pay Seller all rent and other sums owed to Seller under the Lease.
Appears in 5 contracts
Samples: Option Agreement to Purchase, Option Agreement, Option Agreement to Purchase
Effect of Closing Date on Lease Term. In the event Buyer exercises Buyer’s Option to purchase the Property and the Closing Date is either before or after the date the term of the Lease expires, Buyer and Seller agree that the term of the Lease shall either be extended or shortened to run through and expire on the same terms and conditions upon the conclusion of the closing of this Option Agreement. Rent shall be prorated through and include the date of closing. The Lease shall remain in full force and effect until the conclusion of the closing. At the closing Buyer shall pay Seller all rent and other sums owed to Seller under the Lease.. FOR TRAINING ONLY
Appears in 1 contract
Samples: Option Agreement
