Common use of Option of Lessee Clause in Contracts

Option of Lessee. The Lessee, by giving at least sixty (60) days' written notice to the Lessor and the Trustee prior to a Lease Payment Date, may elect to purchase the Property and terminate the Land Lease by making payment to the Trustee of the greater of (i) the then applicable Option Price set forth on Schedule D of this Lease at a closing to be scheduled by the Lessor pursuant to Section 3.4(c) of this Lease or (ii) the amount necessary to defease the Bonds in accordance with Article XIII of the Indenture.

Option of Lessee. The Lessee, by giving at least sixty (60) days' written notice to the Lessor and the Trustee prior to a Lease Payment Datethe end of the Initial Term or any Renewal Term, may elect to purchase the Property Facilities and terminate the Land Ground Lease by making payment to the Trustee of the greater of (i) the then applicable Option Price set forth on Schedule D F of this Lease at a closing to be scheduled by the Lessor pursuant to Section 3.4(c) of this Lease or (ii) the amount necessary to defease the Bonds in accordance with Article XIII of the Indenture.

Option of Lessee. The Lessee, by giving at least sixty (60) days' written notice to the Lessor and the Trustee prior to a Lease Payment Datethe end of the Initial Term or any Renewal Term, may elect to purchase the Property Facilities and terminate the Land Ground Lease by making payment to the Trustee of the greater lesser of (i) the then applicable Option Price set forth on Schedule D F of this Lease at a closing to be scheduled by the Lessor pursuant to Section 3.4(c) of this Lease or (ii) the amount necessary to defease the Bonds in accordance with Article XIII of the Indenture.

Option of Lessee. The Lessee, by giving at least sixty (60) days' written notice to the Lessor and the Trustee prior to a Lease Payment Date, may elect to purchase the Property Facilities and terminate the Land Site Lease by making payment to the Trustee of the greater of (i) the then applicable Option Price set forth on Schedule D of this Lease at a closing to be scheduled by the Lessor pursuant to Section 3.4(c) of this Lease or (ii) the amount necessary to defease the Bonds in accordance with Article XIII of the Indenture.