Property Purchase Option definition

Property Purchase Option means a purchase option granted by a debtor in connection with the sourcing and financing of a mortgage loan and/or other investment, as applicable, pursuant to which the REIT is granted a right to purchase a pre-determined interest at a specified price or formula upon the completion/stabilization of the properties that are the subject of the mortgage loan or that are underlying the other investment, as applicable.

Property Purchase Option means a purchase option granted by a debtor to the Trust in connection with the sourcing and financing of a mortgage loan and/or other investment, as applicable, pursuant to which the Trust is granted a right to purchase a pre-determined interest

Property Purchase Option has the meaning set forth in Section 2.01 of the Option Agreement.

Examples of Property Purchase Option in a sentence

• Addendum Foreclosed Property Purchase Option The City received a letter from the Clare County Treasurer’s office regarding an option to purchase property located at 415 North McEwan Street which was foreclosed on under PA 123.

• If PRC law requires a minimum price higher than the Benchmark Purchase Price when Party A exercises the Share of Property Purchase Option, the minimum price regulated by PRC law shall be the purchase price (collectively, the “Share of Property Purchase Price”).

• Adm Code 280.150).IIEC agrees with IP’s proposal to use diversity factors to convert the customer’s standby capacity to a billing determinant, as being more representative of the monthly maximum demand.

• The parties agree the Sports Complex Property Purchase Option is neither exclusive nor irrevocable.

• Shenzhen NNK is not contractually entitled to terminate the Exclusive Intellectual Property Purchase Option Agreement.

• Tenant may exercise the Property Purchase Option only by giving Landlord written notice (“Notice of Exercise of Purchase Option”) at the address and in the manner set forth in Article 18 hereof during the Property Purchase Option Period set forth above, along with a completed purchase agreement executed by Tenant in the form attached as Exhibit J hereto (“Purchase Agreement”), which shall govern the purchase of the Property by Tenant.

• If this Lease terminates because Tenant acquires the Premises in accordance with its Property Purchase Option under Article 21 below, Landlord and Tenant shall cause an Option to be executed and recorded against the Adjacent Parcel maintaining Tenant’s rights under this Section 19.2 (but any other termination of this Lease automatically voids this Article 19 entirely).

• In the event Tenant exercises the Property Purchase Option, the Lease Term applicable to the property which is the subject of the Purchase Option shall continue for all purposes until the close of escrow (and if the Premises have been expanded to include any portion of Building 3, then on the close of escrow for the Property, the portion of the Premises within the Property will be removed from the Premises)..

• ADMINISTRATION: It is moved by Supervisor Marshall, seconded by Supervisor Indrieri that the Board finds a matter arose after the posting of the March 11, 2014 Agenda regarding a Real Property Purchase Option Agreement for the commercial property and attached parking lot located at 250 5th Street, Colusa, CA., commonly known as the Western Title Company.

• Use of a residency preference will not have the purpose or effect of delaying or otherwise denying admission to the program basedon race, color, sex, actual or perceived sexual orientation, gender identity, marital status, ethnic origin, gender, religion, disability or age of any member of an applicant family.