Tenant Purchase Option definition

Tenant Purchase Option means the right of Tenant to purchase the Leased Property pursuant to Section 13 of the Lease.
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Tenant Purchase Option. With respect to a Property, an option held by the related Tenant to purchase such Property under the related Lease.
Sample 1
Tenant Purchase Option means, with respect to any Lease, the option of the related Tenant, whether conditional or otherwise, to purchase the related Property before or at the expiration of the related Lease term.
Sample 1

Examples of Tenant Purchase Option in a sentence

  • In the event that the Existing Tenant shall exercise the Existing Tenant Purchase Option, either Seller or Buyer may terminate this Amended and Restated Contract by written notice to the other party hereto, in which event, the Deposit shall be immediately refunded to Buyer and the parties shall have no further liabilities or obligations hereunder except as otherwise expressly set forth in this Amended and Restated Contract.

  • The purchase price for the Project Property (the “Purchase Price”) pursuant to the Tenant Purchase Option shall be $14,400,000.00.

  • The TPO Price shall be determined (i) by agreement of the parties by negotiating in good faith during the sixty (60) day period after Tenant gives Landlord notice of exercise of the Tenant Purchase Option or (ii) in accordance with this paragraph if the parties fail to reach agreement through negotiation during the sixty (60) day period.

  • Such exercise by Tenant of the Tenant Purchase Option shall be irrevocable by Tenant.

  • Seller shall keep Buyer informed about all communications between Seller and the Existing Tenant concerning the Existing Tenant Purchase Option and shall promptly provide Buyer with copies of all notices that Seller may send or receive from the Existing Tenant in connection with the same.

  • The Tenant Purchase Option shall be exercised by Tenant giving Landlord written notice of its exercise thereof prior to the expiration of the TPO Term.

  • If the Lease is terminated early for any reason other than Tenant exercising the Tenant Purchase Option to buy the Leased Property, this ROFR Option will also terminate.

  • If the Hotel Project has been constructed on the Xxxxxxx'x Land, then Tenant shall have the option, during the TPO Term (as defined herein) to purchase the Hotel Project and other Improvements on the Xxxxxxx'x Land from Landlord for the TPO Price (as defined herein) pursuant to the terms and conditions set forth herein (the "Tenant Purchase Option").

  • Notwithstanding the above, Landlord acknowledges and agrees that in the event the Event of Default which gave rise to the termination of this Lease occurs during the period commencing on the Commencement Date and ending on October 31, 2006, Tenant shall nevertheless be entitled to exercise the Tenant Purchase Option during such period.

  • The closing of the purchase and sale of the Project Property pursuant to the Tenant Purchase Option (the “Closing”) shall occur on the date that is 60 days after the date of the Exercise Notice (the “Closing Date”), or such other date as Tenant and Landlord may agree in writing.


More Definitions of Tenant Purchase Option

Tenant Purchase Option. An option of a Tenant or other Person under or in connection with a Lease to purchase the related Mortgaged Property.
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Tenant Purchase Option. As defined in the Property Management Agreement.
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Related to Tenant Purchase Option

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

  • Purchase Option As defined in Section 3.18(c).

  • Purchase Option Price means the amount payable by a Lessee upon the exercise of its option to purchase a related 2023-1 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 2023-1 Vehicle for which the related 2023-1 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 2023-1 Lease, (iii) an early termination fee and (iv) the Actuarial Payoff.

  • Repurchase Option has the meaning set forth in Section 1.3(a) hereto.

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

  • Building Square Footage or "BSF" means the square footage of assessable internal living space of a Unit, exclusive of any carports, walkways, garages, overhangs, patios, enclosed patios, detached accessory structure, other structures not used as living space, or any other square footage excluded under Government Code Section 65995 as determined by reference to the Building Permit for such Unit.

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Option Units means the Common Units that the Partnership will agree to issue upon an exercise of the Over-Allotment Option.

  • First Offer Notice shall have the meaning set forth in Section 14.4(a).

  • ROFR means a right of first refusal to purchase or a right of first offer to purchase one or more of the Mortgaged Properties pursuant to a recorded instrument (or a memorandum thereof) encumbering the applicable Mortgaged Property.

  • Offered Shares has the meaning set forth in Section 3.02(a).

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • Landlord Agreement means an agreement substantially in the form provided by Lender to Borrower or such other form as Lender may agree to accept.

  • this Tenant Work Letter means the relevant portion of Sections 1 through 6 of this Tenant Work Letter.

  • Shelf Offering Notice has the meaning set forth in Section 2(d)(ii).

  • Storage Space means a space where goods of non-hazardous nature are stored and includes cold storage and banking safe vaults;

  • Remaining Shares has the meaning set forth in Section 4.1.2.

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Subleased Premises means such portions of the Leased Premises being particularly identified on Schedule B, which the parties agree, for the purposes of this Sublease and any square footage calculations pursuant hereto, is approximately 42,244 square feet of office (21,068 square feet on the third floor and 21,176 square feet on the seventh floor) and approximately 9.4312% of common space (building rentable area is 447,917 square feet).

  • Warrant Share Delivery Date shall have the meaning set forth in Section 2(d)(i).

  • Public space means any real property or structures thereon that are owned, leased, or controlled by a governmental entity.

  • Parking Space The County shall attempt to provide adequate free parking facilities for employees within a reasonable distance of their work locations.

  • Initial Subscription Term the initial term of Your Subscription as agreed in the Order which commences on the date of acceptance of the Order or as otherwise agreed to by the parties.