Option to Purchase Project. Subject to the provisions of this Article, the Tenant shall have the right and option to purchase the Issuer's interest in the Project at any time during the Term hereof and for 120 days thereafter. The Tenant shall exercise its option by giving the Issuer written notice of the Tenant's election to exercise its option and specifying the date, time and place of closing, which date (the "Release Date") shall neither be earlier than 30 days nor later than 180 days after the notice is given. The Tenant may not, however, exercise such option if the Tenant is in Default hereunder on the Release Date unless all Defaults are cured upon payment of the purchase price specified in Section 17.2.
Option to Purchase Project. Subject to the provisions of this Article, Tenant shall have the right and option to purchase the Project at any time during the Term hereof. Tenant shall exercise its aforesaid option by giving Issuer written notice of Tenant's election to exercise its option and specifying the date, time and place of closing, which date (the "Closing Date") shall neither be earlier than Thirty (30) days nor later than One Hundred Eighty (180) days after the notice is given. Tenant may not, however, exercise its said option if Tenant is in default hereunder on the Closing Date.
Option to Purchase Project. Subject to the provisions of this Article, and upon optional redemption of the Bonds pursuant to Article III of the Indenture, the Company shall have the option to purchase the Project at any time during the Term hereof and for 10 days thereafter. The Company shall exercise its option by giving the Issuer written notice of Company’s election to exercise its option and specifying the date, time and place of closing, which date (the “Closing Date”) shall neither be earlier than 30 days nor later than 180 days after the notice is given. The Company may not, however, exercise such option if the Company is in Default hereunder on the Closing Date unless all Defaults are cured upon payment of the purchase price specified in Section 17.2.
Option to Purchase Project. Subject to the provisions of this Article, the Company shall have the option to purchase the Issuer’s leasehold interest in the Project at any time during the Term hereof and for a period of 30 days thereafter. The Company shall exercise its option by giving the Issuer written notice of the Company’s election to exercise its option and specifying the date, time and place of closing, which date (the “Closing Date”) shall neither be earlier than 30 days nor later than 180 days after the notice is given. The Company may not, however, exercise such option if the Company is in Default hereunder on the Closing Date unless all Defaults are cured upon payment of the purchase price specified in Section 17.2.
Option to Purchase Project. 26 Section 16.2. Quality of Title and Purchase Price....................... 26 Section 16.3.
Option to Purchase Project. The Lessee has the option to purchase the entire Project at the Option Price on any date on which the Certificates may be prepaid or defeased in full.
Option to Purchase Project. The Company shall have, and is hereby granted, the option to purchase the Project for a purchase price which shall be the sum of Ten Dollar ($10.00), which amount shall be paid directly to the Issuer for its own account and not to the Holder, provided that: (i) the Bond has been fully paid or fully defeased as provided in the Bond Resolution (or paid or defeased as a part of the closing of such purchase or the Bond shall have been surrendered for cancellation), and (ii) any amounts due the Issuer or the Holder for Additional Rent have been paid (or are paid as a part of the closing of such purchase). To exercise such option, the Company or its assignee shall give written notice of exercise to the Issuer and if the Bond has not theretofore been fully paid or defeased, a copy of such notice shall be mailed or delivered by the Company to the Holder at the address of the Holder as reflected on the Bond Register. Notwithstanding, the foregoing, if the Company prior to the sixtieth (60th) day prior to the end of the Lease Term has not filed with the Issuer a written notice that it elects not to exercise such option, the option shall be deemed to have been exercised on the last day of the Lease Term. The purchase of the Project shall be closed within 14 (14) days from the date of such notice. Notwithstanding anything else herein contained, the Company’s option to purchase the Project shall survive the termination or expiration of this Lease and continue for a period of fifty (50) years following the date of any such termination or expiration. If following such purchase any claim for indemnification under this Lease and other Company Documents arises, the obligation of the Company to pay the same shall become due and the Issuer and the Holder may enforce their right to payment directly against the Company.
Option to Purchase Project. 20 SECTION 17.2. QUALITY OF TITLE AND PURCHASE PRICE.........................20 SECTION 17.3. CLOSING OF PURCHASE.........................................20 SECTION 17.4. EFFECT OF FAILURE TO COMPLETE PURCHASE......................21 SECTION 17.5. APPLICATION OF CONDEMNATION AWARDS IF CORPORATION PURCHASES PROJECT...........................................21 SECTION 17.6. OPTION TO PURCHASE UNIMPROVED PORTIONS OF LAND..............21 SECTION 17.7. QUALITY OF TITLE - PURCHASE PRICE...........................22 SECTION 17.8. CLOSING OF PURCHASE.........................................22 SECTION 17.9. EFFECT OF PURCHASE ON LEASE.................................22 SECTION 17.10. EFFECT OF FAILURE TO COMPLETE PURCHASE......................22 ARTICLE XVIII SECTION 18.1. DAMAGE AND DESTRUCTION......................................23 SECTION 18.2. CONDEMNATION................................................24 ARTICLE XIX SECTION 19.1. TERMINATION BY REASON OF CHANGE OF CIRCUMSTANCES............24 ARTICLE XX
Option to Purchase Project. Subject to the provisions of this Article, Corporation shall have the right and option to purchase the Project at any time during the Term hereof. Corporation shall exercise its aforesaid option by giving Issuer written notice of Corporation's election to exercise its option and specifying the date, time and place of closing, which date (the "Closing Date") shall neither be earlier than 30 days nor later than 180 days after the notice is given. Corporation may not, however, exercise its said option if Corporation is in default hereunder on the Closing Date.
Option to Purchase Project. The Lessee shall have, and is hereby granted, the option to purchase the Project prior to the expiration of the Lease Term and prior to the Payment in Full of the Bonds. To exercise such option, the Lessee shall give written notice to the Issuer specifying the date of closing such purchase, which date shall be not less than thirty (30) days from the date such notice is given, and shall make arrangements for the giving of the required notice of prepayment or surrender for cancellation of the Bonds in accordance with the provisions of the Indenture. In the event of a notice of prepayment, the amount which shall be paid to the Trustee (or directly to owners of any Bonds which are subject to the terms of any home office payment agreement as provided in Section 208 of the Indenture) by the Lessee in the event of its exercise of the option granted in this Section 11.2 shall be the sum of the following:
