Option to Purchase Property. The Company, its Affiliates and subsidiaries, hereby grant Lender and its Affiliates the option to purchase, at book value, any or all properties 7 13 owned by the Company, its Affiliates and subsidiaries, as set forth on Schedule 3.3, as well as any or all properties acquired by the Company, its affiliates and subsidiaries prior to the Maturity Date, and Lender agrees that if it exercises any such option, it will lease such properties back to the Company on terms similar to the leases set forth on Schedule 3.2.
Option to Purchase Property. (a) If the Company desires to assign, transfer or otherwise dispose of the Property for value, Capco and Foreco shall have the option, exercisable first by Capco and thereafter by Foreco, to purchase all of the Property desired to be sold by the Company. If the Company has not received an offer from a third party for the purchase of the Property, the price and terms of such sale shall be as agreed to by Capco or Foreco and the Company.
Option to Purchase Property. Subject to the terms and conditions of this Agreement and the Purchase Agreement, Optionor hereby grants to Optionee the sole exclusive option to purchase the Property, complete with all existing furniture, fixtures and equipment thereon, together with all of Optionor’s rights, title, licenses, privileges, and easements appurtenant to the Property for the term described in Section 2.1 below (the “Option”).
Option to Purchase Property. At any time prior to the Termination Date, Lessee shall have the right to purchase the Property from Lessor by giving Lessor thirty (30) days advance written notice. The purchase price for the Property shall be: (a) for the Property located in Suite 1001 (as such term is defined in the Sublease), as evidenced by the attached Exhibit A, the sum of Zero Dollars ($00.00); and (ii) for the Property located in Suite 2000 (as such term is defined in the Sublease), as evidenced by the attached Exhibit A, the sum of Fifty Five Thousand Seven Hundred Twenty Dollars ($55,720.00). Said purchase price, plus applicable taxes thereon, shall be paid by Lessee to Lessor, in cash, no later than thirty (30) days after the delivery of Lessee's written notice of election to purchase the Property. Lessor makes no representations or warranties regarding the condition of the Property, and Lessee agrees that the Property shall be purchased in its "as if" "where is" condition and that Lessee shall rely solely on its own examination and inspection of the Property. If Lessee does not elect to purchase the Property from Lessor prior to the Termination Date, then Lessor may remove the Property from the Premises, at Lessor's sole cost and expense, within thirty (30) days following the Termination Date or as otherwise mutually agreed to by the parties.
Option to Purchase Property. Owner grants to Triband the exclusive right to purchase the Property, the Underlying Agreements and the property subject to the Underlying Agreements. The Purchase Price for the Option shall be Two Million Dollars ($2,000,000.00) United States currency, less the then outstanding balance of the purchase price payable under the Bida-Belaustegui Agreement and the outstanding balance under any othxx xx xxx Xxxxxxying Agreements. The Option shall be exercisable in accordance with the provisions of this Section 6.1.
Option to Purchase Property. The Ground Lease shall grant to Tenant an exclusive option to purchase the Property under the terms and conditions hereinafter provided. Tenant may exercise its option to purchase the Property by giving written notice of said exercise to Landlords within the time periods set forth herein. Tenant shall have no right to exercise its option to purchase the Property unless and until HFI has conveyed its interest in the Property to VDI. Tenant shall exercise its option to purchase the Property after HFI has conveyed its interest in the Property to VDI and on or before the later of (i) the end of the Inspection Period, or (ii) fifteen (15) days after HFI gives Tenant written notice of the conveyance of its interest in the Property to VDI. In the event that Tenant has not terminated this Contract under Paragraph 2 above and Tenant fails to exercise its option to purchase by (x) at the end of the Inspection Period under Subparagraph (i) above, or (y) the end of the fifteen (15) day period under Subparagraph (ii) above, as applicable, in either of said events, the balance of the Xxxxxxx Money shall be paid to Landlords and Landlords may retain all rent payments received by Landlords, this Contract and the Ground Lease shall terminate, and none of the parties shall have any further rights against the others whatsoever.
Option to Purchase Property. TRC shall have an option to purchase the Property upon the terms and conditions set forth in Section 6.1 of this Agreement (the “Option”). The Option may be exercised at any time while this Agreement remains in effect and, if exercised, shall allow TRC the right to Mine the Property subject to applicable laws and regulations.
Option to Purchase Property. Owner hereby grants to TRC, and TRC shall have, the exclusive Option to purchase and retain all of Owner’s right, title and interest in the Property. The Option shall be exercised after completion of a feasibility study for the mining of the Property and the decision by TRC’s board of directors to commence commercial production of Minerals from the Property, and shall be exercised by written notice to Owner together with (1) a copy of said feasibility study, (2) a written resolution by said board to commence commercial production of Minerals from the Property, and (3) one million (1,000,000) TRC common shares issued and delivered to Owner in proportion to Owner’s interest in this Agreement (that is, 850,000 shares will be issued and delivered to Xxxxxx Van Ert and 150,000 shares will be issued and delivered to Xxxx Xxxxxxx). Owner acknowledges that the stock certificates evidencing such shares may carry a legend that indicates that the shares have not been registered under the Securities Act of 1933, as amended. If TRC’s stock is registered on the Toronto Stock Exchange or any other stock exchange, Owner may elect to take any or all shares to which it is entitled hereunder through that exchange upon notice to TRC. If the Option is timely exercised by TRC, the Parties shall close the purchase and sale of the Property at a closing (the “Option Closing”) to be held at 10:00 a.m. on the date that is ten (10) days following Owner’s receipt of the notice of exercise of the Option and said study, resolution and shares, at a location in Reno, Nevada , specified by TRC in its notice, unless the Parties otherwise mutually agree. At the Option Closing, the following shall occur: (i) Owner shall deliver to TRC a duly executed release of the Deed of Trust in recordable form, (ii) Owner shall notify DMYL to deliver the Reconveyance Deed to TRC, (iii) this Agreement shall terminate, subject to the provisions of Section 11.5 below. The provisions of Section 4.1. A above shall apply to the TRC shares issued and delivered pursuant to this Section 6.1. MISC-035-2.doc
Option to Purchase Property. (a) If the Company desires to assign, transfer, or otherwise dispose of all or a portion of the Property for value, Crown and Holding shall have the option, exercisable in the foregoing order of priority and succession, to purchase all of the Property. If the Company has not received an offer from a bona fide third party for the purchase of the Property, the price and terms of such sale shall be as agreed between Crown or Holding and the Company.
Option to Purchase Property. A. Subject to the terms and conditions hereof and provided that the Property has not been previously conveyed to a third party pursuant to the terms set forth in Paragraph 40 above, Tenant shall have an option (the "Option") to purchase the Property. The Option shall be exercised, if at all, by Tenant delivering written notice of its exercise of the Option to Landlord prior to the earlier of (i) the date ninety (90) months after Landlord acquires title to the Property, or (ii) the date of Tenant's election not to exercise its right of first refusal under Paragraph 39 hereof if the Property is in fact sold to the third party pursuant to the terms and conditions set forth in the right of first refusal notice. In the event Tenant shall fail to deliver written notice exercising the Option when required, the Option shall automatically terminate and be of no further force or effect. Tenant may not exercise the Option during any period of an Event of Default under this Lease. If Tenant exercises the Option in a timely manner, Landlord shall be obligated to sell, and Tenant shall be obligated to purchase, the Property, as hereinafter provided. The purchase price (the "Purchase Price") for the Property shall be the greater of (i) the Property's appraised fair market value, as determined in Paragraph 40B below reduced by an amount equal to the total of all supplemental payments paid by Tenant to Landlord under the provisions of Paragraph 6.2 of this Lease, or (ii) the then current net book value of the Property as carried on the Landlord's books.
