Exclusive Purchase Option Clause Samples
An Exclusive Purchase Option clause grants one party the sole right to purchase a specified asset or property within a defined period or under certain conditions. This means that the seller cannot offer the asset to other potential buyers while the option is active, and the buyer typically must notify the seller of their intent to exercise the option within the agreed timeframe. The core function of this clause is to provide the buyer with certainty and priority in acquiring the asset, while preventing the seller from negotiating with others, thereby reducing competition and ensuring clarity in the transaction process.
Exclusive Purchase Option. Party B intends to grant an exclusive purchase option to Party A so that Party A may request Party B to sell his 6.25% equity interest in Party C to Party A if certain conditions are met.
Exclusive Purchase Option. 1From the date hereof, Party A shall have the right but not the obligation to request Party B (subject to Party A's specific request) to transfer all or part of the equity interest in Party C held by Party B (hereinafter referred to as the "Subject Equity Interest") at any time, and Party B shall transfer the Subject Equity Interest to Party A or a third party designated by Party A upon Party A's request.
Exclusive Purchase Option. The Landlord hereby grants unto the Tenant the exclusive right and option to purchase from the Landlord at Tenant’s discretion, so long as the Tenant is not in unremedied material default under the terms of this Lease, all right, title and interest of the Landlord in and to the Premises (the “Option”) at any time during the Term or the Renewal Terms by giving at least thirty (30) days written notice of such election to the Landlord. The purchase price for the Premises in connection with Tenant’s exercise of such option shall be CDN $3,500,000.00 and the purchase and sale of the Premises following exercise of the option will be subject to the terms and conditions of the Agreement of Purchase and Sale attached hereto as Schedule “B”. Nothing herein obligates Tenant to exercise the Option.
Exclusive Purchase Option