Rental Option Sample Clauses

Rental Option. If a Qualified Tenant does not elect the buyout option under Section 5 above, such Qualified Tenant shall be deemed to have elected to remain a tenant in the Housing Accommodation and shall execute a Lease Addendum to such effect (in the form of Exhibit C) no later than the Tenant Election Deadline (the “Rental Option”). All Qualified Tenants who elect the Rental Option and remain in the Housing Accommodation an inconvenience payment of $20,000.00 per unit (the “Inconvenience Payment”) to compensate them for disruption and reduction of services. Payment of the Inconvenience Payment will be made to each Qualified Tenant as follows: 5000 will be paid upon Developer’s Acquisition of the Property, and the balance of $15,000.00 shall be paid at the time that the Qualified Tenant temporarily vacates the Property, as provided further herein. A Qualified Tenant exercising this option must sign a Lease Addendum and a Temporary Relocation Agreement (Exhibit G). Provided however, the foregoing notwithstanding, the payments for certain Qualified Tenants shall be as provided in Exhibit F. Additionally, within 90 days of Developer’s acquisition of the Property, Developer shall address and correct all code violations, life safety issues, and deferred maintenance in a Qualified Tenants’ unit, which items will be delineated in a list acknowledged by both parties approximately 30 days before Developer’s acquisition of the Property.
Sample 1
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Rental Option. Soundside Hall, day rental Freshwater Galleries, evening rental (Check one) Conference Room, day rental _Saltwater Galleries, evening rental Big Rock Theater, evening rental _Entire Aquarium, evening rental Guest count: fewer than 50 51-130 (add’n charge for day event only) 130 – 175 guests= $000 000-000 guest= $250 250+ guest = price TBD Food-&beverage-ware: I will purchase Bio-degradable disposables solely through Aquarium I will provide china through caterer or rental company Linen: Rent the Aquarium’s white table linen= $15 per piece I have other linen arrangements Dance floor: Not interested 12 x12 =$330 16X16=$615 20X20=$645 Ceremony direction: I would like the Aquarium to assist with the ceremony direction $175 I will have an experienced ceremony director Ceremony Drape: Not Interested One Drape=$75 Two Drapes=$125
Sample 1
Rental Option a. In the event Purchaser exercises the Option granted hereunder, Purchaser agrees to rent to Owner for an initial term of six (6) years, and on an biennial (two-year) basis thereafter, such portion of the Premises, if any, which Purchaser determines in its sole discretion that it does not need, or intend to use, in connection with the construction and operation of the proposed ethanol plant for $75/per acre for irrigated farming, and $50/per acre for dry land farming; provided, however, Purchaser's obligation to rent such property to Owner shall be subject to the terms and conditions of a written lease agreement acceptable to Purchaser in its sole discretion. Purchaser may include in the written lease agreement the option to apply from time to time a portion of Purchaser's blowdown water, provided that such water does not contain chemicals that will harm the crops. Blowdown water shall be applied to land subject to irrigation land rental as designated in the lease agreement on or before April 1 of each year. Purchaser shall provide Owner notice no later than April 1 of each year commencing April 1, 2003, as to that portion of the Premises, if any, which Purchaser determines to be available for Owner to farm in 2003 and, in the event Purchaser exercises the Option hereunder Purchaser shall provide Owner notice no later than September 1, 2007, as to whether Purchaser intends to renew Owner's biennial lease agreement.
Sample 1
Rental Option. BACHELOR: A partly furnished bachelor option. Non-sharing units. Open plan kitchen with a living/study area. Bedroom with a bathroom. PLEASE INDICATE IF PARKING IS REQUIRED (MARK WITH AN X ) + PARKING (R 170.00 additional) BACHELOR OPTION PLEASE COMPLETE THE BELOW 3 XXXXX STR, POTCHEFSTROOM 1.5 INSTALMENTS PAYABLE NEW CONTRACT RENEWAL CONTRACT Annual rent (excl. parking) R 56 100.00 R 56 100.00 Monthly Instalments (excl. parking) R 4 675.00 R 4 675.00 Annual Administration fee R 1 050.00 N/A Deposit (Damage & Key – Equal to 1 months instalment) - Refundable R 4 675.00 N/A Mattress protector (Tenant takes ownership – compulsory) Non - Refundable R 295.00 N/A TOTAL FIRST PAYMENT on signing of lease (Incl. first month. Excl. Parking) R 10 695.00 R 4 675.00 PARKING (OPTIONAL - Complete only if parking is required) Tenant vehicle registration Tenant vehicle colour Tenant vehicle make & model Parking no. For office use only Annual rent (incl. parking) R 58 140.00 R 58 140.00 Monthly Instalments (incl. parking) R 4 845.00 R 4 845.00 TOTAL FIRST PAYMENT on signing of lease (Incl. first month. Incl. Parking) R 10 865.00 R 4 845.00 PAYMENT OPTION (PLEASE MARK WITH X) Debit order (Complete Annex. A) EFT 2022 LEASE AGREEMENT (CONTINUED) LEASE AGREEMENT (CONTINUED) Between DYNAMIC LIFESTYLE INVESTMENTS (PROPRIETARY) LIMITED and THE TENANT/OCCUPANT
Sample 1
Rental Option. As an alternative to purchasing an initial license a rental option is offered at a rate of £100 per day per Blue Spider server machine with a minimum rental period of 20 days. If the rental is continued for a period of 120 days then there will be no further charge for the 121 st day or thereafter and it will be treated as though a full license had been purchased. The daily rental charge includes maintenance for the period of rental.
Sample 1
Rental Option. For the Basic, XXX, Security, Premium and Ultimate Editions, the Licensor develops the Software further and provides support without a separate remuneration to the Licensor being due. §§ 2, 3, 4, 5, 6, 8, 9 and 10 of the Docusnap Service Contract apply accordingly.
Sample 1
Rental Option a. The Licensor warrants the maintenance of the contractually agreed condition of the Software for the contract term and also that the use of the Software according to the contract does not violate any third-party rights. The Licensor shall remove any ma- terial and legal defects of the Software that arise in due course.
Sample 1
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Rental Option. The tenant has the possibility to purchase property only at the end of the lease period. Can you hire a tenant with a credit card? If the landlord does not accept the credit card, the tenant can use plastic (2.5 per cent) to send the money by checking the job, or any.
Sample 1
Rental Option. At the discretion of the obligor, a replacement unit of same or comparable size/capacity may be offered to the original purchaser at a reduced rental rate of 50% off standard Xxxxxxxxxx'x Rental Centre List Price for the time duration in which the product is being repaired under this warranty agreement. Subject to availability.
Sample 1

Related to Rental Option

  • Option; Option Price On the terms and subject to the conditions of the Plan and this Agreement, including, without limitation, Section 18 of this Agreement, the Optionee shall have the option (the “Option”) to purchase Shares at the price per Share (the “Option Price”) and in the amounts set forth on the signature page hereto. Payment of the Option Price may be made in the manner specified by Section 5.9 of the Plan. The Option is not intended to qualify for federal income tax purposes as an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). Except as otherwise provided in Section 7 of this Agreement, the Option shall remain exercisable as to all Vested Options (as defined in Section 4) until the expiration of the Option Term (as defined in Section 3). Except as otherwise provided in the Plan or this Agreement, upon a Termination of Relationship, the unvested portion of the Option (i.e., that portion which does not constitute Vested Options) shall terminate.

  • Renewal Option This Contract may be renewed under the same terms and conditions, subject to the approval of the Commissioner of the Department of Administration and the State Budget Director in compliance with IC § 5-22-17-4. The term of the renewed contract may not be longer than the term of the original Contract.

  • Top-Up Option (a) The Company hereby grants to the Purchaser an irrevocable option (the “Top-Up Option”) to purchase, at a price per share equal to the Offer Price, a number of Common Shares (the “Top-Up Option Shares”) that, when added to the number of Common Shares owned by Parent or the Purchaser or any direct or indirect wholly owned Subsidiary of Parent or the Purchaser at the time of exercise of the Top-Up Option, constitutes one Common Share more than 90% of the number of Common Shares that will be outstanding immediately after the issuance of the Top-Up Option Shares. The Top-Up Option may be exercised by the Purchaser, in whole, at any time on or after the date on which the Purchaser accepts for payment and pays for all Common Shares validly tendered and not validly withdrawn pursuant to the Offer (the “Acceptance Date”) and on or prior to the fifth Business Day after the later of the Acceptance Date and the expiration of any subsequent offering period under Rule 14d-11 under the Exchange Act; provided, however, that the obligation of the Company to deliver Top-Up Option Shares upon the exercise of the Top-Up Option is subject to the conditions that (i) the number of Top-Up Option Shares to be issued by the Company shall in no event exceed 19.90% of the number of outstanding Common Shares or the voting power of the Company, in each case, as of immediately prior to the issuance of the Top-Up Option Shares, (ii) no provision of any applicable Law and no judgment, injunction, order or decree shall prohibit the exercise of the Top-Up Option or the delivery of the Top-Up Option Shares in respect of such exercise, (iii) the issuance of Top-Up Option Shares pursuant to the Top-Up Option would not require approval of the Company’s shareholders under applicable Law or regulation (including the NYSE rules and regulations), (iv) upon exercise of the Top-Up Option, the number of Common Shares owned by Parent or the Purchaser or any direct or indirect wholly owned Subsidiary of Parent or the Purchaser constitutes one Share more than 90% of the number of Common Shares that will be outstanding immediately after the issuance of the Top-Up Option Shares and (v) the Purchaser has accepted for payment and paid for all Common Shares validly tendered in the Offer and not validly withdrawn. The parties shall cooperate to ensure that the issuance of the Top-Up Option Shares is accomplished consistent with all applicable legal requirements of all Governmental Entities, including compliance with an applicable exemption from registration of the Top-Up Option Shares under the Securities Act.

  • Renewal Options The State requires two (2) five (5) year options to renew with thirty (30) days advance written notice to the Landlord to exercise such option based on the terms and conditions defined in the Initial Lease. Please outline the rental rate for said option periods.

  • Our Option If we give you written notice within 30 days after we receive your signed, sworn proof of loss, we may repair or replace any part of the damaged property with material or property of like kind and quality.

  • Option 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 accept an assignment from the Receiver of all Leased Data Management Equipment.

  • Expansion Option The Borrower may from time to time elect to increase the Revolving Credit Commitments (but not, for the avoidance of doubt, the Swingline Commitment) in minimum increments of $25,000,000 (or such lesser amount as the Administrative Agent may agree) so long as, after giving effect thereto, the aggregate amount of such increases does not exceed $50,000,000. The Borrower may arrange for any such increase to be provided by one or more Lenders (each Lender so agreeing to an increase in its Revolving Credit Commitment, an “Increasing Lender”), or by one or more new banks, financial institutions or other entities (each such new bank, financial institution or other entity, an “Augmenting Lender”; provided that no Ineligible Institution may be an Augmenting Lender), which agree to increase their existing Revolving Credit Commitments, or provide new Revolving Credit Commitments, as the case may be; provided that (i) each Augmenting Lender, shall be subject to the approval of the Borrower, each Letter of Credit Issuer, the Swingline Lender and the Administrative Agent and (ii) (x) in the case of an Increasing Lender, the Borrower and such Increasing Lender execute an agreement substantially in the form of Exhibit G hereto, and (y) in the case of an Augmenting Lender, the Borrower and such Augmenting Lender execute an agreement substantially in the form of Exhibit H hereto. No consent of any Lender (other than the Lenders participating in the increase) shall be required for any increase in Revolving Credit Commitments pursuant to this Section 2.15. Increases and new Revolving Credit Commitments created pursuant to this Section 2.15 shall become effective on the date agreed by the Borrower, the Administrative Agent and the relevant Increasing Lenders or Augmenting Lenders, and the Administrative Agent shall notify each Lender thereof. Notwithstanding the foregoing, no increase in the Revolving Credit Commitments (or in the Revolving Credit Commitment of any Lender) shall become effective under this paragraph unless, (i) on the proposed date of the effectiveness of such increase and immediately prior to giving effect to any such increase and the addition of any Augmenting Lenders to this Agreement, (A) the conditions set forth in paragraphs (a) and (b) of Section 6.2 shall be satisfied or waived by the Required Lenders and the Administrative Agent shall have received a certificate to that effect dated such date and executed by an Authorized Officer of the Borrower and (B) the Borrower shall be in compliance with the covenant contained in Section 9.3 and (ii) the Administrative Agent shall have received documents and opinions consistent with those delivered on the effective date as to the organizational power and authority of the Borrower to borrow hereunder after giving effect to such increase. On the effective date of any increase in the Revolving Credit Commitments, (i) each relevant Increasing Lender and Augmenting Lender shall make available to the Administrative Agent such amounts in immediately available funds as the Administrative Agent shall determine, for the benefit of the other Lenders, as being required in order to cause, after giving effect to such increase and the use of such amounts to make payments to such other Lenders, each Lender’s portion of the outstanding Revolving Credit Loans of all the Lenders to equal its Revolving Credit Commitment Percentage of such outstanding Revolving Credit Loans, and (ii) the Borrower shall be deemed to have repaid and reborrowed all outstanding Revolving Credit Loans as of the date of any increase in the Revolving Credit Commitments (with such reborrowing to consist of the Types of Revolving Credit Loans, with related LIBOR Periods if applicable, specified in a notice delivered by the Borrower, in accordance with the requirements of Section 2.9). The deemed payments made pursuant to clause (ii) of the immediately preceding sentence shall be accompanied by payment of all accrued interest on the amount prepaid and, in respect of each LIBOR Loan, shall be subject to indemnification by the Borrower pursuant to the provisions of Section 2.11 if the deemed payment occurs other than on the last day of the related LIBOR Periods. Nothing contained in this Section 2.15 shall constitute, or otherwise be deemed to be, a commitment on the part of any Lender to increase its Revolving Credit Commitment hereunder.

  • Extension Option Provided the original Tenant (or tenant under a Permitted Transfer) named herein is itself occupying greater than seventy-five percent (75%) of the Premises at the time of giving its notice to exercise its option and at the commencement of the Extension Term (as defined herein), Tenant shall have the right and option to extend the Term for one (1) additional period of five (5) years (“Extension Term”). The right and option to so extend the term shall be personal to the Tenant executing this Lease and such right and option may not be assigned or transferred to any other party or entity. The Extension Term is to commence immediately upon expiration of the initial two (2) year Term (the “Original Term”), provided that Tenant shall give Landlord notice of Tenant’s exercise of such option by no later than nine (9) months and no earlier than twelve (12) months prior to the then scheduled expiration of the Original Term, and provided further that no Default exists at the time of giving such notice or at the commencement of the Extension Term. If a Default exists at the time of giving such notice or at the time of commencement of the Extension Term, Tenant’s exercise of such option shall, at the option of Landlord, be null and void and of no further force and effect. Prior to the exercise by Tenant of any such option, the expression “Term” shall mean the Original Term. Except as expressly otherwise provided in the following paragraph, all the terms, covenants, conditions, provisions and agreements in the Lease contained herein shall be applicable to the Extension Term, except that there shall be no further extension terms. If Tenant shall give notice of its exercise of said option to extend in the manner and within the time period provided aforesaid, the Term shall be extended upon the giving of such notice without the requirement of any further action on the part of either Landlord or Tenant. If Tenant shall fail to give timely notice of the exercise of such option as aforesaid, Tenant shall have no right to extend the Term of this Lease, time being of the essence of the foregoing provisions. The Annual Base Rent payable during the Extension Term shall be the greater of (a) an amount equal to the Fair Market Rent for the Premises as of the commencement date of the Extension Term or (b) the Annual Base Rent payable in the year immediately preceding the Extension Term. The Fair Market Rent shall be determined in accordance with the provisions set forth below. If for any reason the Annual Base Rent payable during the Extension Term has not been determined as of the commencement date of the Extension Term, Tenant shall pay the Annual Base Rent payable for the year immediately preceding the commencement of the Extension Term until the Annual Base Rent for the Extension Term is determined, at which time, an appropriate adjustment, if any, shall be made. The Fair Market Rent shall mean the anticipated rent for the Premises as of the commencement of the Extension Term tinder market conditions then existing. No later than the one (1) month after Tenant’s Extension Notice, Landlord shall notify Tenant of Landlord’s estimate of the Fair Market Rent. No later than fifteen (15) days after such notification, Tenant may dispute Landlord’s estimate of Fair Market Rent upon written notice thereof to Landlord which written notice shall contain Tenant’s estimate of the Fair Market Rent. If Tenant disputes Landlord’s estimate of Fair Market Rent within such fifteen (15) day period, then the Fair Market Rent shall be determined by agreement between Landlord and Tenant during the next thirty (30) day period (the “Discussion Period”), but if Landlord and Tenant are unable to agree upon the Fair Market Rent during the Discussion Period, then the Fair Market Rent shall be determined by the determination of a board of three (3) M.A.I, appraisers as hereafter provided, each of whom shall have at least five (5) years experience in the Lexington office rental market and each of whom is hereinafter referred to as “appraiser”, Tenant and Landlord shall each appoint one such appraiser and the two appraisers so appointed shall appoint the third appraiser (the “Neutral Appraiser”) which Neutral Appraiser shall have no then-existing relationship with Landlord or Tenant. The cost and expenses of each appraiser appointed separately by Tenant and Landlord shall be borne by the party who appointed the appraiser. The cost and expenses of the third appraiser shall be shared equally by Tenant and Landlord. Landlord and Tenant shall appoint their respective appraisers no later than fifteen (15) days after the expiration of the Discussion Period and shall designate the appraisers so appointed by notice to the other party. The two appraisers so appointed and designated shall appoint the Neutral Appraiser no later than fifteen (15) days after the end of the Discussion Period and shall designate such appraiser by notice to Landlord and Tenant. The Neutral Appraiser shall then choose either the Landlord’s estimate of Fair Market Rent or the Tenant’s estimate of Fair Market Rent as the Fair Market Rent of the space in question as of the commencement of the Extension Term and shall notify Landlord and Tenant of its determination no later than sixty (60) days after the end of the Discussion Period. The Fair Market Rent of the subject space determined in accordance with the provisions of this Section shall be deemed binding and conclusive on Tenant and Landlord. Notwithstanding the foregoing, if either party shall fail to appoint its appraiser within the period specified above (such party referred to hereinafter as the “failing party”) the other party may serve notice on the failing party requiring the failing xxxxx to appoint its appraiser within ten (10) days of the giving of such notice and if the failing party shall not respond by appointment of its appraiser within said (10) day period, then the appraiser appointed by the other xxxxx shall be the sole appraiser whose choice of either the Landlord’s or the Tenant’s estimate of Fair Market Rent shall be binding and conclusive upon Tenant and Landlord. All times set forth herein are of the essence.

  • Conversion Option Subject to the provisions of this Agreement, the Borrower may convert the whole or any part of any type of Loan under the Credit Facility into any other type of permitted Loan under the Credit Facility by giving the Lender a Conversion Notice in accordance herewith; provided that:

  • Call Option The Company shall have the option to "call" the Warrants (the "Warrant Call"), in accordance with and governed by the following:

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