Common use of TRANSFER TO THE LESSEE Clause in Contracts

TRANSFER TO THE LESSEE. If the Lessee has not exercised its option to renew in accordance with the provisions of Section 9, and has not exercised its option to purchase the Leased Premises, or any portion thereof, in accordance with the provisions of Section 10, and upon the full discharge and performance by the Lessee of its obligations under this Lease, the Leased Premises, or such portion thereof remaining, shall thereupon become the absolute property of the Lessee, subject to the limitations, if any, on the conveyance of the site for the Leased Premises to the Lessor and, upon the Lessee’s request the Lessor shall execute proper instruments conveying to the Lessee, or to any entity (including the City) designated by the Lessee, all of Lessor’s title to the Leased Premises, or such portion thereof.

Appears in 4 contracts

Samples: Lease, Lease, Lease

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TRANSFER TO THE LESSEE. If the Lessee has not exercised its option to renew in accordance with the provisions of Section 910, and has not exercised its option to purchase the Leased Premises, or any portion thereof, in accordance with the provisions of Section 1011, and upon the full discharge and performance by the Lessee of its obligations under this Lease, the Leased Premises, or such portion thereof remaining, shall thereupon become the absolute property of the Lessee, subject to the limitations, if any, on the conveyance of the site for the Leased Premises to the Lessor and, upon the Lessee’s request the Lessor shall execute proper instruments conveying to the Lessee, or to any entity (including the CityCity or the Developer) designated by the Lessee, all of Lessor’s title to the Leased Premises, or such portion thereof.

Appears in 1 contract

Samples: Garage Lease

TRANSFER TO THE LESSEE. If the Lessee has not exercised its option to renew in accordance with the provisions of Section 910, and has not exercised its option to purchase the Garage Leased Premises, or any portion thereof, in accordance with the provisions of Section 1011, and upon the full discharge and performance by the Lessee of its obligations under this Garage Lease, the Garage Leased Premises, or such portion thereof remaining, shall thereupon become the absolute property of the Lessee, subject to the limitations, if any, on the conveyance of the site for the Garage Leased Premises to the Lessor and, upon the Lessee’s request the Lessor shall execute proper instruments conveying to the Lessee, or to any entity (including the CityCity or the Developer) designated by the Lessee, all of Lessor’s title to the Garage Leased Premises, or such portion thereof.

Appears in 1 contract

Samples: Garage Lease

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TRANSFER TO THE LESSEE. If the Lessee has not exercised its option to renew in accordance with the provisions of Section 9, and has not exercised its option to purchase the Public Leased Premises, or any portion thereof, in accordance with the provisions of Section 10, and upon the full discharge and performance by the Lessee of its obligations under this Public Lease, the Public Leased Premises, or such portion thereof remaining, shall thereupon become the absolute property of the Lessee, subject to the limitations, if any, on the conveyance of the site for the Public Leased Premises to the Lessor and, upon the Lessee’s request the Lessor shall execute proper instruments conveying to the Lessee, or to any entity (including the City) designated by the Lessee, all of Lessor’s title to the Public Leased Premises, or such portion thereof.

Appears in 1 contract

Samples: Public Lease

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