Purchase by the Developer Sample Clauses
Purchase by the Developer. At the end of the 27-year term of the Lease, the CDA shall convey to the Developer fee title to the Private Ramp. As consideration for the conveyance: (i) the Parking Lease shall contain participation agreement with the CDA whereby the CDA shall be entitled to receive twenty percent (20%) of the Parking Income throughout the lease term; and (ii) the Developer shall pay to the CDA the lump sum of Four Million and 00/100 Dollars ($4,000,000.00) at the end of the lease term (the “Terminal Payment”). For purposes of this section, “Parking Income” shall be defined in the Parking Lease.
Purchase by the Developer. At the end of the 27-year term of the Lease, the CDA shall convey to the Developer fee title to the Private Ramp. As consideration for the conveyance, the Lessee shall pay to the Lessor the lump sum of Four Million and 00/100 Dollars ($4,000,000.00) (the “Terminal Payment”).