Common use of Lessee's Option to Purchase Clause in Contracts

Lessee's Option to Purchase. (a) Subject to the terms, conditions and provisions set forth in this Article XIV, Lessee shall have the option (the "Purchase Option"), to be exercised as set forth below, to purchase from Lessor, Lessor's interest in all of the Leased Properties; provided that, except as set forth in paragraph (b) below, such option must be exercised with respect to all, but not less than all, of the Leased Properties. Such option must be exercised by written notice to Lessor not later than twelve months prior to the Lease Termination Date which notice shall be irrevocable; such notice shall specify the date that such purchase shall take place, which date shall be a Rent Payment Date occurring not less than thirty (30) days after such notice or the Lease Termination Date (whichever is earlier). If the Purchase Option is exercised pursuant to the foregoing, then, subject to the provisions set forth in this Article XIV, on the applicable purchase date or the Lease Termination Date, as the case may be, Lessor shall convey to Lessee, without recourse or warranty (other than as to the absence of Lessor Liens) and Lessee shall purchase from Lessor, Lessor's interest in the Leased Properties.

Lessee's Option to Purchase. (a) Subject to the terms, terms and conditions and provisions set forth in this Article XIVArticle, Lessee shall have the option (the "Purchase Option"), exercisable at any time during the Lease Term on or prior to be exercised as set forth belowthe tenth Business Day next preceding the Lease Termination Date, to purchase from Lessor, Lessor Lessor's interest in all of the Leased Properties; provided that, except as set forth in paragraph (b) below, such option must be exercised with respect to all, but not less than all, of Property at the Leased PropertiesPurchase Option Price. Such option must be exercised by written notice to Lessor not later than twelve months prior to the Lease Termination Date and Lender, which notice exercise shall be irrevocable; , and such notice shall will specify the closing date that such for Lessee's purchase shall take placeof the Leased Property, which date shall be a Rent Payment Date occurring (i) not less than thirty ten (3010) Business Days or more than 90 calendar days after following Lessor's receipt of such notice or and (ii) in any event not later than the Lease Termination Date (whichever is earlier)Date. If the Purchase Option is exercised pursuant to the foregoing, then, subject to the provisions set forth in this Article XIVArticle, on the applicable purchase date or the Lease Termination Date, as the case may besuch closing date, Lessor shall convey to Lessee, without recourse or warranty (other than as to the absence of Lessor Liens) and Lessee shall purchase from Lessor, Lessor's interest in the Leased PropertiesProperty. If Lessee fails to exercise the Purchase Option in a timely manner, then the Purchase Option shall thereupon automatically terminate without any further action of Lessor, and the Purchase Option shall thereafter be of no force or effect. The Purchase Option granted to Lessee pursuant to this Section is exclusive of the purchase option provided to Lessee pursuant to Section 14.1(e).

Lessee's Option to Purchase. (a) Subject to the terms, conditions and provisions set forth in this Article XIVParagraph 19, the Lessee shall have the option (the "Purchase Option"), on any Payment Date occurring two (2) years after the Commencement Date, to be exercised as set forth below, to purchase from the Lessor, the Lessor's right, title and interest in all of the Leased Properties; provided that, except as set forth in paragraph (b) below, such option must be exercised with respect to all, but not less than all, ) of the Leased PropertiesProperty. Such option must be exercised by written notice to the Lessor not later than twelve months sixty (60) days prior to the Lease Termination Date applicable Payment Date, which notice shall be irrevocable; such notice shall specify the date that such purchase shall take place, which date shall be a Rent Payment Date occurring not less than thirty (30) days after such notice or the Lease Termination Date (whichever is earlier). If the Purchase Option is exercised pursuant to the foregoing, then, upon payment of the purchase price set forth in subparagraph (d) below and subject to the provisions set forth in this Article XIVParagraph 19, on the applicable purchase date or the Lease Termination Payment Date, as the case may be, Lessor shall convey to the Lessee, without recourse or warranty (warranty, other than as to a warranty against the absence existence of any Lessor Liens) , and the Lessee shall purchase from the Lessor, the Lessor's right, title and interest in the Leased PropertiesProperty. Notwithstanding anything contained herein or in the Operative Documents to the contrary, upon receipt by the Trustee of the certificate attached as Exhibit I to the Letter of Credit, the Lessee shall be deemed to have exercised either (i) its option to purchase the Property for the Lease Balance, in which case the Lessee shall pay the Lease Balance to the Agent on or before the expiration or termination of the Letter of Credit and, upon receipt by the Agent of the Lease Balance, the Lessor shall convey to the Lessee the Lessor's right, title and interest in the Property in accordance with this Paragraph 19, or (ii) the option to purchase the beneficial interest in the Owner Trust.

Lessee's Option to Purchase. (a) Subject to the terms, conditions and provisions set forth in this Article XIV, each Lessee shall have the option (the "Purchase Option"), to be exercised as set forth below, to purchase from Lessor, Lessor's interest in all of the Leased Properties; provided that, except as set forth in paragraph (b) below, such option must be exercised with respect to all, but not less than all, of the Leased PropertiesProperties under all of the Lease Supplements. Such option must be exercised by written notice to Lessor not later than twelve months prior to the scheduled Lease Termination Date which notice shall be irrevocable; such notice shall specify the date that such purchase shall take place, which date shall be a Rent Payment Date date occurring not less than thirty (30) days after such notice or the Lease Termination Date (whichever is earlier). If the Purchase Option is exercised pursuant to the foregoing, then, subject to the provisions set forth in this Article XIV, on the applicable purchase date or the Lease Termination Date, as the case may be, Lessor shall convey to each Lessee, by special warranty deed and bill of sale, without recourse or warranty (other than as to the absence absexxx of Lessor Liens) and each Lessee shall purchase from Lessor, Lessor's interest in the Leased PropertiesProperties leased by such Lessee.

Lessee's Option to Purchase. (a) Subject to the terms, terms and conditions and provisions set forth in this Article XIVARTICLE XV, PROVIDED that no Event of Default shall have occurred and be continuing Lessee shall have the option (the "Purchase OptionPURCHASE OPTION"), exercisable at any time during the Lease Term on or prior to be exercised as set forth belowthe tenth Business Day next preceding the Scheduled Termination Date, to purchase from Lessor, the Lessor the Lessor's interest in all any of the Leased Properties; provided that, except as set forth in paragraph (b) below, Properties for a purchase price equal to the Purchase Option Price for such option must be exercised with respect to all, but not less than all, of the Leased PropertiesProperty. Such option must be exercised by written notice to the Lessor not later than twelve months prior to and the Lease Termination Date Credit Bank, which notice exercise shall be irrevocable; , and such notice shall will specify the closing date that such for the Lessee's purchase shall take placeof the specified Property, which date shall be a Rent Payment Date occurring (i) not less than thirty ten (3010) Business Days or more than 90 calendar days after following the Lessor's receipt of such notice or and (ii) in any event not later than the Lease Scheduled Termination Date (whichever is earlier)Date. If the Purchase Option is exercised pursuant to the foregoing, then, subject to the provisions set forth in this Article XIVARTICLE XV, on such closing date, the applicable purchase date or the Lease Termination Date, as the case may be, Lessor shall convey to the Lessee, without recourse or warranty (other than as to and the absence of Lessor Liens) and Lessee shall purchase from the Lessor, all, but not less than all, of the Lessor's interest in the Leased Propertiesspecified Property. If the Lessee fails to exercise the Purchase Option in a timely manner, then the Purchase Option shall thereupon automatically terminate without any further action of the Lessor, and the Purchase Option shall thereafter be of no force or effect.

Lessee's Option to Purchase. (a) Subject to the terms, conditions and provisions set forth in this Article ARTICLE XIV, Lessee shall have the option (the "Purchase OptionPURCHASE OPTION"), to be exercised as set forth below, to purchase from Lessor, Lessor's interest in all of the Leased Properties; provided that, except as set forth in paragraph (b) below, such option must be exercised with respect to all, but not less than all, of the Leased PropertiesProperty. Such option must be exercised by written bywritten notice to Lessor not later than twelve months prior to the Lease Termination Date which notice shall be irrevocable; such notice shall specify the date that such purchase shall take place, which date shall be a Rent Payment Date date occurring not less than thirty (30) days after such notice or the Lease Termination Date (whichever is earlier). If the Purchase Option is exercised pursuant to the foregoing, thenthen Lessee shall also be deemed to have exercised its APurchase Option@ under the Building Lease and, subject to the provisions set forth in this Article ARTICLE XIV, on the applicable purchase date or the Lease Termination Date, as the case may be, Lessor shall convey to Lessee, without recourse or warranty (other than as to the absence of Lessor Liens) and Lessee shall purchase from Lessor, Lessor's interest in the Leased PropertiesProperty. Lessor shall continue to pay Basic Rent hereunder until the Purchase Option is consummated by the payment of the purchase price pursuant to this ARTICLE XIV.

Lessee's Option to Purchase. (a) Subject to the terms, conditions --------------------------- and provisions set forth in this Article XIV, Lessee shall have the option (the ----------- "Purchase Option"), to be exercised as set forth below, to purchase from Lessor, --------------- Lessor's interest in all of the Leased Properties; provided that, except as set forth in paragraph (b) below, such option must be exercised with respect to all, but not less than all, of the Leased PropertiesProperty. Such option must be exercised by written notice to Lessor not later than twelve months 270 days prior to the Lease Termination Date which notice shall be irrevocable; such notice shall specify the date that such purchase shall take place, which date shall be a Rent Payment Date date occurring not less than thirty (30) days after such notice or the Lease Termination Date (whichever is earlier). If the Purchase Option is exercised pursuant to the foregoing, then, subject to the provisions set forth in this Article XIV, on the applicable ----------- purchase date or the Lease Termination Date, as the case may be, Lessor shall convey to Lessee, without recourse or a transferee designated by Lessee in a written notice given to Lessor not less than ten (10) Business Days prior to the purchase date or Lease Termination Date, as the case may be, by special warranty deed (other than as which shall include a warranty to the absence of Lessor Liens, but shall exclude any warranty with respect to Liens created by Lessee as Lessor's agent) and Lessee Lessee, or such transferee, shall purchase from Lessor, Lessor's interest in the Leased PropertiesProperty.

Lessee's Option to Purchase. (a) Subject to the terms, conditions and provisions set forth in this Article ARTICLE XIV, Lessee shall have the option (the "Purchase OptionPURCHASE OPTION"), to be exercised as set forth below, to purchase from Lessor, Lessor's interest in all of the Leased Properties; provided that, except as set forth in paragraph (b) below, such option must be exercised with respect to all, but not less than all, of the Leased PropertiesProperty. Such option must be exercised by written notice to Lessor not later than twelve months prior to the Lease Termination Date which notice shall be irrevocable; such notice shall specify the date that such AR purchase shall take place, which date shall be a Rent Payment Date date occurring not less than thirty (30) days after such notice or the Lease Termination Date (whichever is earlier). If the Purchase Option is exercised pursuant to the foregoing, thenthen Lessee shall also be deemed to have exercised its APurchase Option@ under the Land Lease and, subject to the provisions set forth in this Article ARTICLE XIV, on the applicable purchase date or the Lease Termination Date, as the case may be, Lessor shall convey to Lessee, without AR recourse or warranty (other than as to the absence of Lessor Liens) and Lessee shall purchase from Lessor, Lessor's interest in the Leased PropertiesProperty. Lessor shall continue to pay Basic Rent hereunder until the Purchase Option is consummated by the payment of the purchase price pursuant to this ARTICLE XIV.

Lessee's Option to Purchase. (a) Subject to the terms, conditions and provisions set forth in this Article XIV, each Lessee shall have the option (the "Purchase Option"), to be exercised as set forth below, to purchase (or cause to be purchased) from Lessor, Lessor's interest in all of the Leased Properties; provided that, except as set forth in paragraph (b) below, such option must be exercised with respect to all, but not less than all, of the Leased PropertiesProperties under all of the Lease Supplements. Such option must be exercised by written notice to Lessor not later than twelve months thirty (30) days prior to the Lease Termination Date which notice shall be irrevocable; such notice shall specify the date that such purchase shall take place, which date shall be a Rent Payment Date date occurring not less than thirty (30) days after such notice or the Lease Termination Date (whichever is earlier). If the Purchase Option is exercised pursuant to the foregoing, then, subject to the provisions set forth in this Article XIV, on the applicable purchase date or the Lease Termination Date, as the case may be, Lessor shall convey to each Lessee, without recourse or warranty (other than as to the absence of Lessor Liens) and each Lessee shall purchase from Lessor, Lessor's interest in the Leased PropertiesProperties leased by such Lessee.

Lessee's Option to Purchase. (a) Subject to the terms, conditions and provisions set forth in this Article ARTICLE XIV, each Lessee shall have the option (the "Purchase OptionPURCHASE OPTION"), to be exercised as set forth below, to purchase from Lessor, Lessor's interest in all of the Leased PropertiesProperties leased by it; provided PROVIDED that, except as set forth in paragraph (b) below, such option must be exercised with respect to all, but not less than all, of the Leased PropertiesProperties under all of the Lease Supplements. Such option must be exercised by written notice to Lessor not later than twelve months prior to the Lease Termination Date which notice shall be irrevocable; such notice shall specify the date that such purchase shall take place, which date shall be a Rent Payment Date occurring not less than thirty (30) days after such notice or the Lease Termination Date (whichever is earlier). If the Purchase Option is exercised pursuant to the foregoing, then, subject to the provisions set forth in this Article ARTICLE XIV, on the applicable purchase date or the Lease Termination Date, as the case may be, Lessor shall convey to each Lessee, without recourse or warranty (other than as to the absence of Lessor Liens) and each Lessee shall purchase from Lessor, Lessor's interest in the Leased PropertiesProperties leased by such Lessee. The exercise by any Lessee of the Purchase Option hereunder shall be deemed to be an exercise of the Purchase Option by each other Lessee hereunder.

Lessee's Option to Purchase. (a) Subject to the terms, conditions and provisions set forth in this Article XIV, the Lessee shall have the option (the "“Purchase Option"”), to be exercised as set forth below, to purchase from Lessor, Lessor's ’s interest in all of the Leased Properties; provided that, except as set forth in paragraph (b) below, such option must be exercised with respect to all, but not less than all, of the Leased PropertiesProperty. Such option must be exercised by written notice to Lessor and the Agent not later than twelve six months prior to the Lease Termination Date which notice shall be irrevocable; such notice shall specify the date that such purchase shall take place, which date shall be a Rent Payment Date date occurring not less than thirty sixty (3060) days after such notice or the Lease Termination Date (whichever is earlier). If the Purchase Option is exercised pursuant to the foregoing, then, subject to the provisions set forth in this Article XIV, on the applicable purchase date or the Lease Termination Date, as the case may be, Lessor shall convey to the Lessee, by special warranty deed and xxxx of sale, without recourse or warranty (other than the warranty of title set forth in the special warranty deed and as to the absence of Lessor Liens) and the Lessee shall purchase from Lessor, Lessor's ’s interest in the Leased PropertiesProperty.

Lessee's Option to Purchase. (a) Subject to the terms, terms and conditions and provisions set forth in this Article XIVArticle, Lessee shall have the option (the "Purchase Option"), exercisable at any time during the Lease Term on or prior to be exercised as set forth belowthe 120th day next preceding the Lease Termination Date, to purchase from Lessor, Lessor's entire interest in all of the Leased Properties; provided that, except as set forth in paragraph (b) below, such option must be exercised with respect to all, but not less than all, of the Leased PropertiesProperty at the purchase price equal to the Purchase Option Price. Such option must be exercised by written notice to the Lessor not later than twelve months prior to and the Lease Termination Date Lender, which notice exercise shall be irrevocable; , and such notice shall specify the closing date that such for Lessee's purchase shall take placeof all of the Leased Property, which date shall be a Rent Payment Date occurring (i) not less than thirty sixty (3060) days after or more than ninety (90) calendar days following the Lessor's receipt of such notice or and (ii) in any event not later the Lease Termination Date (whichever is earlier)Date. If the Purchase Option is exercised pursuant to the foregoing, then, subject to the provisions set forth in this Article XIVArticle, on the applicable purchase date or the Lease Termination Date, as the case may besuch closing date, Lessor shall convey to Lessee, without recourse or warranty (other than as to the absence of Lessor Liens) and Lessee shall purchase from Lessor, Lessor's interest in all, but not less than all, of the Leased PropertiesProperty. If Lessee fails to exercise the Purchase Option in a timely manner, then the Purchase Option shall thereupon automatically terminate without any further action of Lessor, and the Purchase Option shall thereafter be of no force or effect. The Purchase Option granted to Lessee pursuant to this Section is exclusive of the purchase option provided to Lessee pursuant to Section 14.1(e).

Lessee's Option to Purchase. (a) Subject to the terms, terms and conditions and provisions set forth in this Article XIVArticle, Lessee shall have the option (the "Purchase Option"), exercisable at any time during the Lease Term on or prior to be exercised as set forth belowthe tenth Business Day next preceding the Lease Termination Date, to purchase from Lessor, Lessor's entire interest in all of the Leased Properties; provided that, except as set forth in paragraph (b) below, such option must be exercised with respect to all, but not less than all, of any Property at the Leased Propertiespurchase price equal to the Purchase Option Price for such Property. Such option must be exercised by written notice to the Lessor not later than twelve months prior to and the Lease Termination Date Lender, which notice exercise shall be irrevocable; , and such notice shall specify the closing date that for Lessee's purchase of such purchase shall take placeProperty, which date shall be a Rent Payment Date occurring (i) not less than thirty ten (3010) Business Days or more than 90 calendar days after following the Lessor's receipt of such notice or and (ii) in any event not later the Lease Termination Date (whichever is earlier)Date. If the Purchase Option is exercised pursuant to the foregoing, then, subject to the provisions set forth in this Article XIVArticle, on the applicable purchase date or the Lease Termination Date, as the case may besuch closing date, Lessor shall convey to Lessee, without recourse or warranty (other than as to the absence of Lessor Liens) and Lessee shall purchase from Lessor, Lessor's interest in all, but not less than all, of such Property. If Lessee fails to exercise the Leased Properties.Purchase Option in a timely manner, then the Purchase Option shall thereupon automatically

Lessee's Option to Purchase. (a) Subject to the terms, terms and conditions and provisions set forth in this Article XIVArticle, Lessee shall have the option (the "Purchase OptionPURCHASE OPTION"), exercisable at any time during the Lease Term on or prior to be exercised as set forth belowthe tenth Business Day next preceding the Lease Termination Date, to purchase from Lessor, Lessor's entire interest in all of the Leased Properties; provided that, except as set forth in paragraph (b) below, such option must be exercised with respect to all, but not less than all, of any Property at the Leased Propertiespurchase price equal to the Purchase Option Price for such Property. Such option must be exercised by written notice to the Lessor not later than twelve months prior to and the Lease Termination Date Lender, which notice exercise shall be irrevocable; , and such notice shall specify the closing date that for Lessee's purchase of such purchase shall take placeProperty, which date shall be a Rent Payment Date occurring (i) not less than thirty ten (3010) Business Days or more than 180 calendar days after following the Lessor's receipt of such notice or and (ii) in any event not later the Lease Termination Date (whichever is earlier)Date. If the Purchase Option is exercised pursuant to the foregoing, then, subject to the provisions set forth in this Article XIVArticle, on the applicable purchase date or the Lease Termination Date, as the case may besuch closing date, Lessor shall convey to Lessee, without recourse or warranty (other than as to the absence of Lessor Liens) and Lessee shall purchase from Lessor, Lessor's interest in all, but not less than all, of such Property. If Lessee fails to exercise the Leased PropertiesPurchase Option in a timely manner, then the Purchase Option shall thereupon automatically terminate without any further action of Lessor, and the Purchase Option shall thereafter be of no force or effect. The Purchase Option granted to Lessee pursuant to this Section is exclusive of the purchase option provided to Lessee pursuant to SECTION 14.1(e).