Lease Option. The Owner hereby agrees that so long as the Manager is not in default in the performance of any duty or any obligation hereunder, the Manager shall have the option to lease the Facility at any time during the term of this Agreement (including any extension thereof) by providing the Owner with at least ninety (90) days prior written notice of such election. Within thirty (30) days after the receipt of the Manager's notice to lease, the parties shall enter into a lease agreement substantially in the form attached hereto as Exhibit A (the "Lease"), which Lease shall include, without limitation, a ten (10) year initial term (with three (3) 5-year renewal terms) and rental payments equal to the fair market value (which will be a negotiated percentage of total project costs) as determined immediately prior to the initial term of the Lease and immediately prior to any renewal terms.
Lease Option. If EUROIMMUN transfers the product to the client as part of a lease agreement, this Agreement remains in place for the entire product lease period.
Lease Option. In the alternative to purchasing such additional kiosks, higi may lease additional kiosks for a lease term of five (5) years per kiosk at the amount of One Hundred Twenty-Five U.S. Dollars ($125) per month (inclusive of Optional Support Services), and will adjust proportionally with the change in Xxxx of Materials as provided in Section 7.a.i. In the event that higi chooses to lease any additional kiosks, the parties expressly acknowledge and agree that they will negotiate and execute an appropriate lease agreement at that time.
Lease Option. At any time, at its sole discretion, Romarco may, upon giving Xxxx written notice, exercise an option to acquire a 100% leasehold interest in the Property, according to the terms of the Lease Agreement attached hereto as Schedule “B” (the “Lease Option Exercise”).
Lease Option. Lessee shall have four (4) options, if Lessee is not then ------------- in default under this Agreement, to extend the term of this Agreement for a period of five (5) years, each, (the "Extension Term") and except as provided in Section 4.3 hereof, on the same terms, covenants and conditions herein ----------- contained. The word "Term" as used in this Agreement shall be deemed to include the Extension Term when and if the Agreement is extended. The option to extend the Term shall be exercised only by Lessee's delivery to Lessor, by United States mail, on or before one hundred eighty (180) days prior to the Expiration Date, written notice of Lessee's election to extend as provided herein.
Lease Option. At any time after Buyer has waived the Feasibility Matters in Section 6.1 and Seller has vacated the buildings located on Parcel B, Buyer may elect to execute a lease for use and occupancy of Parcel B prior to Closing, provided that (a) the Parties have determined that any such lease is in compliance with the Subdivision Map Act and any other applicable laws and regulations, and (b) the lease terms and conditions are set forth in a separate agreement that has been mutually agreed upon by the Parties and approved by Seller’s Board of Education. The Parties acknowledge and agree that in the event of any such lease of Parcel B, Xxxxx intends to commence certain improvements and alterations to the buildings thereon, which construction, if any, shall be in compliance with all applicable laws and policies. If the Parties are unable to agree on the terms and conditions of a lease, Buyer may deliver written notice to Seller electing to terminate this Agreement (the “Lease Termination Notice”), which Lease Termination Notice shall be effective thirty (30) days after its delivery (the “Lease Cure Period”). If Buyer delivers the Lease Termination Notice and Buyer and Seller are unable to agree on the terms and conditions of the lease prior to the expiration of the Lease Cure Period, then upon the next business day after the Lease Cure Period, (a) Escrow shall terminate, (b) Escrow Holder shall pay the Deposit (less the Non-Refundable Deposit) to Buyer without additional instructions from Seller, (c) Escrow Holder shall pay the Non-Refundable Deposit to Seller without additional instructions from Buyer, and (d) Escrow Holder shall immediately return all other documents, instruments and moneys to the Party that deposited the same. If Xxxxx delivers the Lease Termination Notice and Buyer and Seller are able to agree on a lease prior to the expiration of the Lease Cure Period, then the Parties shall proceed to Closing as if Buyer had not delivered the Lease Termination Notice (subject to all other conditions to Closing being satisfied or waived in accordance with this Agreement). Notwithstanding the generality of the foregoing, the Lease Termination Notice shall not be applicable in the event that the failure to finalize a lease is due to a force majeure event, including, but not limited to, any acts of God; riots, strikes, lockouts or civil disorder; acts of terrorism, rebellion, revolution, insurrection or war; or other unforeseeable acts or circumstances beyond the co...
Lease Option. In the event Home Locators causes an Option to Purchase agreement between Owner and Resident, Owner agrees to pay Home Locators a commission equal to 20% of the option at the time option is paid, along with a commission of 2.5% of the sales price when/if the option is executed.
Lease Option. The Owner hereby agrees that so long as the Manager is not in default in the performance of any duty or any obligation hereunder, the Manager shall have the option to lease the Facility at any time during the term of this Agreement (including any extension thereof) by providing the Owner with at least ninety (90) days prior written notice of such election. Within thirty (30) days after the receipt of the Manager's notice to lease, the parties shall enter into a lease agreement substantially in the form attached hereto as Exhibit A and incorporated herein by reference (the "Lease"), which Lease shall include, without limitation, a ten (10) year initial term (with three (3) 5-year renewal terms) and rental payments equal to the fair market value (which shall be a negotiated percentage of total project costs) as determined immediately prior to the initial term of the Lease and immediately prior to any renewal terms.
Lease Option. LESSEE is hereby given the express option to renew this lease agreement as follows: Two (2) additional periods of five (5) years each on the same terms and conditions as contained herein. In the event LESSEE wishes to exercise its said option for any renewal period, it shall give CITY sixty (60) days notice in writing prior to the termination of each period respectively.
Lease Option. Provided that (i) this Agreement has not previously been terminated in accordance with its terms or applicable law, and (ii) Operator is not in default hereunder, beyond the expiration of any applicable grace, notice or cure periods as of either (x) the date of its purported exercise of its option to lease the Club Lot or (y) the last day of the Term, then Operator may elect to lease the Club Lot for a term (the "Lease Term") commencing on the day next following the end of the Term and ending on the tenth (10th) anniversary of such day, along with four (4) extension options of five (5) years each, upon the terms and conditions set forth in that certain Agreement of Lease annexed hereto as Exhibit C (the "Lease Agreement") by executing and delivering to Owner five (5) executed copies of the Lease Agreement together with the security deposit required under the Lease Agreement and first and last month's rent. Such election shall be made by Operator, if at all, in writing at least one hundred eighty (180) days prior to the expiration of the Term but no earlier than one year prior to the end of the Term, as to which dates, TIME SHALL BE OF THE ESSENCE. The provisions of this Section 1.3 are expressly subject to the provisions of Section 1.5.
