Common use of OPTION CONSIDERATION Clause in Contracts

OPTION CONSIDERATION. (a) (i) Owner hereby grants to the Operating Partnership an option (the “Option”) to acquire Owner’s fee interest in Parcel I and all of Owner’s right, title and interest in and to the Leases and all hereditaments thereto and all of Owner’s assets (other than Excluded Assets) as of the Valuation Date (collectively, the “Assets”) for the Consideration determined in accordance with Section 2(b), subject to closing adjustments as provided herein.

OPTION CONSIDERATION. (a) (i) Owner hereby grants to the Operating Partnership an option (the “Option”) to acquire Owner’s fee interest in Parcel I and all of Owner’s right, title and interest in and to the Leases leasehold estate created by the Ground Lease and all hereditaments thereto and all of Owner’s assets (other than Excluded Assets) as of the Valuation Date (collectively, the “Assets”) for the Consideration determined in accordance with Section 2(b), subject to closing adjustments as provided herein.

OPTION CONSIDERATION. (a) (i) Owner hereby grants to the Operating Partnership an option (the “Option”) to acquire Owner’s fee interest in Parcel I and all of Owner’s right, title and interest in and to the Leases Operating Lease and all hereditaments thereto and all of Owner’s assets (other than Excluded Assets) as of the Valuation Date (collectively, the “Assets”) for the Consideration determined in accordance with Section 2(b), subject to closing adjustments as provided herein.