Memorandum of Option Sample Clauses

Memorandum of Option. Upon request of Purchaser, Seller agrees to execute a memorandum of option, in form and substance reasonably satisfactory to the Parties, suitable for recording, evidencing the granting of the Option herein contained. EXECUTED to be effective as of the date shown on the front cover hereof. PURCHASER: CCA PRISON REALTY TRUST By: /s/ Doctor R. Cxxxxx XXX -------------------------------------- Its: President ------------------------------------- Date: July 7, 1997 ------------------------------------- Purchaser's Tax Identification Number: 62-1000000 ---------- SELLER: corrections CORPORATION OF AMERICA By: /s/ Doctor R. Cxxxxx -------------------------------------- Its: Chairman of the Board and Chief Executive Officer ------------------------------------- Date: July 7, 1997 ------------------------------------- Seller's Tax Identification Number: 62-1000000 ---------- AGREEMENT OF TITLE COMPANY By its execution of this Agreement, the Title Company agrees to: (a) timely file a return with the Internal Revenue Service on Form 1099-B, Form 1099-S and/or such other form or forms as the Internal Revenue Service may by form or regulation require, and (b) furnish Purchaser with a written statement showing the name and address of the Title Company and the information shown on such form or forms with respect to Purchaser, and (c) comply with the provisions of the Agreement which are applicable to the Title Company. Such form or forms shall be filed in order that the parties to this transaction will be in compliance with Section 6045 of the Internal Revenue Code of 1986, as amended. Purchaser and Seller shall each provide their taxpayer identification numbers to the Title Company so that such information may be included in the form or forms filed by the Title Company. LAWYERS TITLE INSURANCE CORPORATION By: --------------------------------------- Name: ------------------------------------- Title: ------------------------------------ marquis
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Memorandum of Option. At the Buyer’s request, the parties shall sign a Memorandum of Option in recordable form, to be recorded by Buyer. If such a Memorandum of Option is recorded and in the event Buyer does not exercise the Option within the term of this Agreement, Buyer shall, if requested to do so by Seller, record a document, which will eliminate any cloud on Seller's title to the Subject Property occasioned by the Memorandum.
Memorandum of Option. Concurrently with the execution of this Agreement Owner shall execute, acknowledge and deliver to Optionee a memorandum of option in the form attached as Schedule 1.3 (the “Option Memorandum”), which Option Memorandum may be recorded by Optionee in the Official Records of Los Angeles County, California (the “Official Records”). In the event Optionee records the Option Memorandum in the Official Records, Optionee shall be responsible for payment of all fees and taxes associated with such recording.
Memorandum of Option. Optionor and BPI shall execute a memorandum of this option and record the same in the County Clerk and Recorder's Office in the county where the Minerals are located. All parties dealing with Optionor with respect to the Minerals shall deal and take any interest subject to the rights of BPI and the obligations of Optionor as set forth herein.
Memorandum of Option. Lessor agrees to execute a recordable Memorandum of this option to purchase upon request by Lessee.
Memorandum of Option. The Memorandum of Option in the form attached hereto as Exhibit C.
Memorandum of Option. Contemporaneously with the mutual execution of this Agreement, (i) the parties shall execute, acknowledge and deposit with Escrow Holder a Memorandum of Option in the form of Exhibit H hereto (the “Memorandum of Option”) and (ii) Optionee shall execute, acknowledge and deliver to Escrow Holder a quitclaim deed in the form of Exhibit I hereto (the “Quitclaim Deed”). Escrow Holder shall not, however, record the Memorandum of Option, unless and until both (1) Optionee has delivered to Escrow Holder and Escrow Holder then holds the fully executed and acknowledged Memorandum of Option and Quitclaim Deed, duly executed and acknowledged by the parties thereto; and (2) Optionee has delivered to Escrow Holder both the First Installment on or before 5:00 p.m. on the date on which Optionee is required to deposit the First Installment under Section 2 above and the Second Installment on or before 5:00 p.m. on the Approval Date, in which case, Escrow Holder shall cause the executed and acknowledged Memorandum of Option to be recorded concurrently with releasing the First Installment and the Second Installment to Optionor pursuant to Section 2. The parties hereby agree that Optionor may unilaterally instruct Escrow Holder to record the Quitclaim Deed against the Property upon failure of Optionee to make any payment of Option Consideration in a timely manner, upon failure of Optionee to exercise the Option in accordance with Article 1 hereof on or before the Option Expiration Date, or upon the expiration or earlier termination of this Agreement for any other reason in accordance with its terms, and Escrow Holder is hereby irrevocably authorized and instructed by the parties to ignore any contrary escrow instructions that Escrow Holder may receive from Optionee as to the recordation of the Quitclaim Deed. It shall be a condition precedent to recordation of the Quitclaim Deed that this Agreement shall have either terminated pursuant to its terms or Optionee shall have breached the terms of this Agreement.
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Memorandum of Option. On the Effective Date, provided that Owner shall have received from Option Holder the Option Cash Consideration and the Option Shares, Option Holder, at its cost and expense, shall have the right to record the Memorandum of Option in Xxxxxxxx County, South Dakota. The Memorandum of Option shall not limit, increase or in any manner affect any of the terms of this Contract or any rights, interests or obligations of the Parties hereunder.
Memorandum of Option. The parties shall record within ten (10) days after execution of this Agreement by both parties hereto a short form memorandum of this Agreement in form reasonably satisfactory to both parties against title to the Property.
Memorandum of Option. At the Effective Date, the parties shall record a memorandum of option in the form attached hereto as Exhibit "D" (the "Memorandum of Option") to provide public notice that Optionee has obtained an Option to acquire the Property from Optionors.
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