Examples of Third Party Purchase Option in a sentence
Each of the applicable Issuers and the Property Manager hereby covenant and agree that they shall not solicit any Person to exercise any Third Party Purchase Option.
Each of the Issuer and the Property Manager hereby covenant and agree that they shall not solicit any Person to exercise any Third Party Purchase Option.
In addition, no exchange of a Property or Lease may occur (other than pursuant to a Third Party Purchase Option or release due to a Collateral Defect) if an Early Amortization Period would occur as a result of such exchange.
Such Lease Schedule to the applicable Series Supplement sets forth a true and correct list of each Owned Property that is subject to a Third Party Purchase Option or an option to terminate such Lease prior to the Rated Final Payment Date, together with the earliest date on which each such option may be exercised.
In addition, no exchange of a Property, Lease or Loan to a third party, SCF Realty Capital or any of its Affiliates or to an SCF SPE may occur (other than pursuant to a Third Party Purchase Option) if an Early Amortization Period would occur as a result of such exchange.
The Exit Fee shall be due and payable at the time of such prepayment (including on the Facility Termination Date), provided, that notwithstanding anything herein or in any other Loan Document to the contrary, no Exit Fee shall be due or payable in connection with (i) the removal of Properties from the Collateral pursuant to a Third Party Purchase Option or (ii) the removal of Lender Approved Release Properties identified in Schedule IV to the Disclosure Letter.