District’s Purchase Option Sample Clauses

District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
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District’s Purchase Option. 5.1. If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Master Facilities Lease and Site Lease by paying the total remaining unpaid Lease Payments as of the date the option is exercised (“Option Price”).
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District’s Purchase Option. The District is hereby granted the option to purchase the Leased Property by paying: (a) an amount (the “Purchase Option Price”) to the Trustee which, together with other amounts then on deposit in the Certificate Fund and the Leased Property Project Account that are available for such purpose, is sufficient to pay all the Outstanding Certificates at maturity, to redeem all the Outstanding Certificates in accordance with the redemption provisions of the Indenture or to defease all the Outstanding Certificates in accordance with the defeasance provisions of the Indenture; and (b) all Additional Rent payable through the date of conveyance of the Leased Property to the District or its designee pursuant to this Article, including, but not limited to, all fees and expenses of the Trustee relating to the conveyance of the Leased Property and the payment or redemption of the Certificates.
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District’s Purchase Option. 5.1 If the District is not then in uncured Default hereunder, the District shall have the option to purchase not less than all of the Project in its “as-is, where-is” condition and terminate this Facilities Lease and Site Lease by paying the balance of the “Loan Amount” identified in Attachment 3, which is exclusive of interest that would have otherwise been owed, as of the date the option is exercised (“Option Price”). Said Exhibit C to Facilities Lease Page 8 of 12 Technology High School Conversion and Xxxx Xxxx Elementary School Modernization Project DWK DMS 3089520v1 payment shall be made on or before the date on which the District’s lease payment would otherwise be due for that month (“Option Date”).
Sample 1
District’s Purchase Option. If the District is not then in uncured default hereunder, the District shall have the option to purchase not less than all of the Project and terminate this Master Facilities Lease and Master Site Lease by paying the total remaining unpaid Lease Payments as of the date the option is exercised (“Option Price”). District shall provide Contractor no less than fourteen (14) days’ prior written notice that District is exercising its option to purchase the Project as set forth above on a specific date (“Option Date”). If the District exercises this option, the District shall pay directly to Contractor the Option Price on or prior to the Option Date and Contractor shall at that time deliver to District all reasonably necessary documents to terminate this Master Facilities Lease and the Master Site Lease. Under no circumstances can the Option Date be on or before thirty-five (35) days after the Contractor achieves Final Completion of the Project.
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Related to District’s Purchase Option

  • Purchase Option (Check One) ❏ - The Company shall allow the Recipient to void this agreement at any time and release all liability in connection with this agreement by payment to the Company in the amount of US Dollars ($ ). ❏ - The Company does not allow the Recipient to be released of liability from this agreement for any monetary amount or reason whatsoever.

  • Registration Rights Agreement The Company and the Initial Shareholders have entered into a registration rights agreement (the “Registration Rights Agreement”) substantially in the form annexed as an exhibit to the Registration Statement, whereby the parties will be entitled to certain registration rights with respect to their securities, as set forth in such Registration Rights Agreement and described more fully in the Registration Statement.

  • Option The Receiver hereby grants to the Assuming Institution an exclusive option for the period of ninety (90) days commencing the day after Bank Closing to accept an assignment from the Receiver of all Leased Data Management Equipment.

  • Grant Completion Deadline The grant completion deadline is the end date of this Agreement set forth in Section 2 above. The Grant Completion Deadline is the date when all grant and matching funds have been paid out or incurred in accordance with the work described in the Scope of Work, detailed in the Estimated Project Budget. If the Grantee finds it necessary to request an extension of the Grant Completion Deadline, an Amendment to the Agreement must be executed as per Section 7, and the stipulations in Section 15 must be met.

  • Agreement to Sell and Purchase Subject to and in accordance with the terms and conditions of this Agreement, Buyer agrees to purchase the Assets from Seller, and Seller agrees to sell the Assets to Buyer.

  • Conversion Option Subject to the provisions of this Agreement, the Borrower may convert the whole or any part of any type of Loan under the Credit Facility into any other type of permitted Loan under the Credit Facility by giving the Lender a Conversion Notice in accordance herewith; provided that:

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