Option to Lease. The Receiver hereby grants to the Assuming Institution an exclusive option for the period of ninety (90) days commencing the day after Bank Closing to cause the Receiver to assign to the Assuming Institution any or all leases for leased Bank Premises, if any, which have been continuously occupied by the Assuming Institution from Bank Closing to the date it elects to accept an assignment of the leases with respect thereto to the extent such leases can be assigned; provided, that the exercise of this option with respect to any lease must be as to all premises or other property subject to the lease. If an assignment cannot be made of any such leases, the Receiver may, in its discretion, enter into subleases with the Assuming Institution containing the same terms and conditions provided under such existing leases for such leased Bank Premises or other property. The Assuming Institution shall give notice to the Receiver within the option period of its election to accept or not to accept an assignment of any or all leases (or enter into subleases or new leases in lieu thereof). The Assuming Institution agrees to assume all leases assigned (or enter into subleases or new leases in lieu thereof) pursuant to this Section 4.6. If the Assuming Institution gives notice of its election not to accept an assignment of a lease for one or more of the leased Bank Premises within seven (7) days of Bank Closing, then, not withstanding any other provision of this Agreement to the contrary, the Assuming Institution shall not be liable for any of the costs or fees associated with appraisals for the Fixtures, Furniture and Equipment located on such leased Bank Premises.
Option to Lease. In consideration of the sum of FIFTY THOUSAND AND --------------- NO/ 100 DOLLARS ($50,000.00) (hereinafter referred to as the "First Fee") to be paid to the Company upon execution hereof, the Company hereby grants to divine interVentures, inc. (hereinafter referred to as the "Tenant") an option (hereinafter referred to as the "Option") to enter into the Lease, as described in Paragraph 7 hereof, on or prior to July 31, 1999 (said date is hereinafter referred to as the "End of the Option". Tenant may extend the End of the Option for seven (7) additional calendar months upon payment of an additional amount of FIFTY THOUSAND AND NO/100 DOLLARS ($50,000.00) to the Company for each such extension, on or before: (i) August 1, 1999, with respect to an extension of the End of the Option to August 31, 1999; (ii) September 1, 1999, with respect to an extension of the End of the Option to September 30, 1999; (iii) October 1, 1999 with respect to an extension of the End of the Option to October 31, 1999; (iv) November 1, 1999 with respect to an extension of the End of the Option to November 30, 1999; (v) December 1, 1999 with respect to an extension of the End of the Option to December 31, 1999; (vi) January 1, 2000 with respect to an extension of the End of the Option to January 31, 2000; and (vii) February 1, 2000 with respect to an extension of the End of the Option to February 28, 2000 (the aggregate additional amounts so paid is hereinafter referred to as the "Additional Fee," and the sum of the Additional Fee and the First Fee is hereinafter referred to as the "Fee"). In the event that Tenant fails to pay any monthly installment of the Additional Fee in a timely manner: the Tenant shall be deemed to have elected to not exercise the Option and all previously paid installments of the Fee shall be deemed to be forfeited to the Company. In the event that the Tenant exercises the Option, the Fee shall be returned to Tenant. Furthermore, you agree that, in further consideration of the grant of the Option and provided that the Tenant does not enter into the Lease or purchase the Property on or before February 28, 2000, Tenant shall, within five (5) days after demand therefor by the Company, pay Two Hundred Thousand Dollars and No Cents ($200,000.00) (the "Building Material Loss Fee") to the Company. Additionally, in further consideration of the grant of the Option; (i) Tenant shall pay all design and engineering fees and costs incurred with respect to the proposed ren...
Option to Lease. Subject to the condition of Party B’s due observance and performance of the terms and conditions of this Lease, Party A agrees to grant to Party B an option to expand under which the Tenant shall have the right to take the lease of the adjoining property which should comprise of a site area of approximately 10000 square meters and a building of a total floor area of approximately 5000 square meters (the “Adjoining Property”) for the purpose of running and operating as a secondary school SUBJECT to the following:
Option to Lease. Upon expiration or termination of this Agreement in its entirety, CLIENT shall have the option to enter a long-term lease of the Singapore Facility or the portion of the Singapore Facility where Products are manufactured or purchase the Singapore Facility if production of Products occupy one hundred percent (100%) of the Singapore Facility or are the only products manufactured in the Singapore Facility, provided that such option shall be subject to good faith negotiations between the Parties regarding the terms of any such lease or purchase agreement, on terms and conditions to be negotiated in good faith and included in the lease. Notwithstanding the foregoing, if CLIENT exercises such option, LONZA will have the right to rent back those portions of the Singapore Facility necessary to continue to use the Singapore Facility to fulfill existing manufacturing obligations until such obligations are able to be reasonably transitioned to other Facilities.
Option to Lease. Grantor hereby grants to Grantee the irrevocable and exclusive option ("Option to Lease") during the term hereof to enter into a lease of the Premises, which lease shall be in the form of Exhibit B, attached hereto and by this reference made a part hereof, and herein referred to as "Said Lease," subject to the terms and conditions herein set forth. Lessee may exercise the Option to Lease from time to time at any time prior to the expiration of this Agreement. If and when Grantee shall elect to enter into Said Lease, it shall forward to Grantor executable copies of Said Lease together with 30,000 shares of Grantee’s common stock and within fifteen (15) days of receipt, Grantor shall execute and deliver Said Lease to Grantee together with a recordable short form thereof.
Option to Lease. By written notice given at any time prior to December 31, 1997, American Tissue may cause the terms and conditions of the Warehouse Site Lease annexed hereto as Exhibit G to become effective as of the date which is 30 days after the date of the notice, without the necessity for any further signatures or actions by either party.
Option to Lease. During the Primary Term and any Renewal Term of this Lease and provided Lessor shall not have leased the Additional Spaces, Lessee shall have the option to lease the Additional Spaces. To exercise such option, Lessee shall give Lessor written notice of the exercise of its option to lease the Additional Spaces or a portion thereof. Should Lessee lease the Additional Space or a portion thereof, the Additional Spaces shall be leased upon the same terms and conditions as are contained in this Lease. Upon receipt of such written notice exercising Lessee’s option to lease the Additional Spaces or a portion thereof, Lessor shall cause a Lease covering the Additional Spaces or a portion thereof to be prepared for execution by Lessor and Lessee.
Option to Lease. In the event that (a) Landlord has not entered into a lease for any or all of Suites 201, 203 and 209 of 9318 North 95th Way, Scottsdale, Arizona, by December 31, 1996, (b) the Acceptance Period, if any, under Section 15.03 above has expired, and (c) there is no pending first right to lease under Section 15.03 above, then as long as Tenant is not in default under the terms of this Lease, Tenant shall, subject to the provisions of Section 15.03, have the right upon thirty (30) days prior written notice to Landlord to lease Suites 201, 203 and 209. In the event Tenant exercises its option to lease Suites 201, 203 and 209 in accordance with this Section 15.04, the rental shall be at the same rate then applicable for space as set forth in Exhibit "B", and such rental rates shall increase by the same amount and on the same dates as the rental increases for the space on Exhibit "B". The term of the Lease for such space shall expire October 31, 1999. Except as specifically set forth in this Section 15.04, Tenant's occupancy of Suites 201, 203 and 209 under the provisions of this Section 15.04 shall be upon all the same terms and conditions set forth in this Lease. Tenant agrees to accept Suites 201, 203 and 209 in "AS IS" condition. Notwithstanding any of the foregoing provisions of this Section 15.04 to the contrary, the provisions of Section 15.03 shall take precedence over the foregoing provisions of this Section and should Landlord, pursuant to Section 15.03, lease all or any of Suites 201, 203 or 209 of 9318 North 95th Way, Scottsdale, Arizona, to a third party, their such suite or suites shall thereafter be exempt from the provisions of this Section. If Tenant has rejected or is deemed to have rejected any offering under Section 15.03, Tenant shall not have the right to exercise its rights under this Section with respect to the suite or suites included within the rejected offering during the 90-day period in which Landlord may rent such suite or suites to a third party.