Lease with option to purchase definition

Lease with option to purchase means a lease under which the lessee has the right to purchase the leased property for a speci- fied price and terms.
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Lease with option to purchase means a lease under which the lessee has the right to purchase the leased prop- erty for a specified price and terms.
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Lease with option to purchase means the Lease with option to purchase granted by the Vendor to the Lessee to acquire, subject to the Net Smelter Royalty reserved to the Vendor, an undivided 100% right, title and interest in and to the Property as more particularly set forth in Section 4.
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Examples of Lease with option to purchase in a sentence

  • Lease with option to purchase contracts where the lessee occupies or intends to occupy the dwelling.

  • If the selling price of an improvement is not separately stated, or cannot otherwise be reasonably determined, the assessed value of the improvement as entered on the assessment rolls of the county assessor will be used.(2) Lease with option to purchase.

  • Lease with option to purchase: Divide Mine and the Castile Mountain Project – Elko County, Nevada During the year ended November 30, 2020, the Company entered into a lease with an option to purchase 100% interest in the Divide Mine and the Castile Mountain precious metal prospect, both located in Elko County, Nevada.

  • Lease with option to purchase agreement dated December 1, 1998" means the lease with option to purchase agreement dated December 1, 1998, as amended, entered into between the Topeka public building commission and the state of Kansas - department of administration.

  • Lease with option to purchase, except as provided in G.S. 47E-2(10).

  • Example 6 – Lease with option to purchase land Date the land is acquired for provisions other than the bright-line testLease entered into and option acquiredOption exercised / binding S&P agreement entered intoS&P agreement unconditionalSettlement / transfer of title registered Baymax Robotics Limited entered into a lease of business premises and at the same time acquired an option, exercisable within the next two years, to buy the premises for a specified sum.

  • Once an Interested Developer, who was given preference for a Foreclosure Property, accepts the property as outlined above (“Selected Developer”) administration shall prepare a Lease with option to purchase (“Lease”) which shall be executed by the Selected Developer within 30 days of receiving the Lease from the City.

  • The purchase and Lease with option to purchase price of equipment shall not increase for the life of the Lease.

  • Additionally, manages use of available education and development funds in compliance with appropriate AFIs. (T-1).

  • Administrative Agent shall have received this Agreement (a) executed and delivered by a duly authorized officer of each Credit Party and (b) executed and delivered by a duly authorized officer of each Person that is a Lender on the Closing Date.


More Definitions of Lease with option to purchase

Lease with option to purchase means a lease with option to purchase issued under the Farm Development and Homestead Regulation (AR 234/85) or under the Farm Development and Homestead Regulation (AR 57/73).
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Related to Lease with option to purchase

  • Option to Purchase has the meaning set forth in Section 13.1.

  • Option to Build means the option of the New Service Customer to build certain Customer- Funded Upgrades, as set forth in, and subject to the terms of, the Construction Service Agreement.

  • Notice of Election to Purchase has the meaning assigned to such term in Section 15.1(b).

  • Renewal Option has the meaning set forth in §12.1.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Option to Extend has the meaning given that term in Section 2.13.

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Notice of Stock Option Grant means the document so entitled to which this Agreement is attached.

  • Purchase Option Notice As defined in Section 3.18(e).

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Exercise Notice Deadline In respect of any exercise of Options hereunder on any Conversion Date, the “Scheduled Trading Day” prior to the scheduled first “VWAP Trading Day” of the “Observation Period” (each as defined in the Indenture, but, in the case of any such Observation Period, as modified by the provision set forth opposite the caption “Convertible Security Settlement Method”) relating to the Convertible Securities converted on the Conversion Date occurring on the relevant Exercise Date; provided that in the case of any exercise of Options hereunder in connection with the conversion of any Relevant Convertible Securities on any Conversion Date occurring during the period starting on and including June 4, 2020 and ending on and including the second “Scheduled Trading Day” immediately preceding the “Maturity Date” (each as defined in the Indenture) (the “Final Conversion Period”), the Exercise Notice Deadline shall be noon, New York City time, on the “Scheduled Trading Day” (as defined in the Indenture) immediately preceding the “Maturity Date” (as defined in the Indenture).

  • Exercise Notice has the meaning set forth in Section 3.2(1);

  • Option Notice has the meaning set forth in Section 5.2(a).

  • Option Exercise Notice has the meaning set forth in Section 2.4(c).

  • Purchase Option Period As defined in Section 9.03(a) hereof.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • NOTICE TO PURCHASERS The information provided is the representation of the Sellers and is based upon the actual knowledge of Sellers as of the date noted. Disclosure by the Sellers is not a substitute for an inspection by an independent home inspection company, and you may wish to obtain such an inspection. The information contained in this statement is not a warranty by the Sellers as to the condition of the property of which the Sellers have no knowledge or other conditions of which the Sellers have no actual knowledge. Rev 03-30-2020 How long have you owned the property? Property System: Water, Sewage, Heating & Air Conditioning ( Answer all that apply) Water Supply Public Well Other Sewage Disposal Public Septic System approved for (# bedrooms) Other Type Garbage Disposal Yes No Dishwasher Yes No Heating Oil Natural Gas Electric Heat Pump Age Other Air Conditioning Oil Natural Gas Electric Heat Pump Age Other Hot Water Oil Natural Gas Electric Capacity Age Please indicate your actual knowledge with respect to the following: Other

  • Call Option Notice means a written notice from the holder of the Call Option or the Administrator, as applicable, stating its desire to exercise the Call Option on the related Reset Date, delivered to each Clearing Agency, the Indenture Trustee, the Remarketing Agents, the Rating Agencies and, if the related class of Reset Rate Notes is then listed on the Luxembourg Stock Exchange, the Administrator will forward a copy to the Luxembourg Listing Agent (the contents of which are to be published in a leading newspaper having general circulation in Luxembourg).

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Option means a stock option granted pursuant to the Plan.

  • Micro-purchase means a purchase of supplies or services, the aggregate amount of which does not exceed the micro-purchase threshold. Micro-purchases comprise a subset of a district's small purchases as defined in 2 C.F.R. 200.320.

  • Election to Exercise shall have the meaning ascribed thereto in Clause 2.2(d)(ii);

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Purchase Option Price means the amount payable by a Lessee upon the exercise of its option to purchase a related Vehicle which amount equals (a) with respect to a Matured Vehicle, the Contract Residual Value plus any fees, taxes and other charges imposed in connection with such purchase and (b) with respect to a related 2011-1 Vehicle for which the related 2011-1 Lease has been terminated early by the Lessee, the sum of (i) any unpaid Monthly Payments due, (ii) any fees, taxes and other charges imposed in connection with the related Lease, (iii) an early termination fee and (iv) the Actuarial Payoff.