Common use of Partial Purchase Option Clause in Contracts

Partial Purchase Option. Subject to the terms and conditions of this Agreement and the other Operative Documents (including those set forth below in this Paragraph 2.02), Lessee may, at its option on any Scheduled Rent Payment Date prior to the Scheduled Expiration Date of the Lease Agreement, without terminating the Lease Agreement, purchase one or more Tracts (but not less than all of any such Tract) of the Property (the "Partial Purchase Option").

Appears in 1 contract

Sources: Participation Agreement (Novellus Systems Inc)

Partial Purchase Option. Subject to the terms and conditions of this Agreement and the other Operative Documents (including those set forth below in this Paragraph 2.02), Lessee may, at its option on any Scheduled Rent Payment Date prior to the Scheduled Expiration Date of the Facility 2 Lease Agreement, without terminating the Facility 2 Lease Agreement, purchase one or more Tracts (but not less than all of any such Tract) of the Facility 2 Property (the "Partial Purchase Option").

Appears in 1 contract

Sources: Participation Agreement (Novellus Systems Inc)

Partial Purchase Option. Subject to the terms and conditions of this Agreement and the other Operative Documents (including those set forth below in this Paragraph 2.02), Lessee may, at its option on any Scheduled Rent Payment Date prior to the Scheduled Expiration Date of the Facility 1 Lease Agreement, without terminating the Facility 1 Lease Agreement, purchase one or more Tracts (but not less than all of any such Tract) of the Facility 1 Property (the "Partial Purchase Option").

Appears in 1 contract

Sources: Participation Agreement (Novellus Systems Inc)