Option to Purchase Agreement Sample Clauses

Option to Purchase Agreement. A separate Option to Purchase agreement shall be executed by the Parties as of the Effective Date of this Agreement, the form of which is attached hereto as Exhibit T, providing for a mutual option in the City and Developer for the purchase by the Developer or approved assigns, of the Market Street Garage and Skywalk in an amount equal to the Purchase Option Price. The Mayor and Clerk are authorized and directed to execute such Option to Purchase Agreement with such changes as may be approved by the City Manager and the Developer and as to form by the City Attorney. A copy of the Option to Purchase Agreement or memorandum evidencing the Option to Purchase shall be recorded in the real estate records of Sedgwick County, Kansas, immediately after the Effective Date hereof. In the event that the Option to Purchase is not exercised within the time period prescribed in the Option to Purchase Agreement, the Developer and/or City shall thereafter execute and deliver to the other Party a release of the mutual Option to Purchase, or such other documentation as may be reasonably necessary in a form available to be recorded in the real estate records of Sedgwick County, Kansas, to evidence such release of the Option to Purchase. If the either Party fails to deliver such release within 30 days of the expiration, the other Party may unilaterally thereafter execute and record an appropriate a document evidencing the failure of either Party to exercise the Option to Purchase.
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Option to Purchase Agreement. Attachment No. 20 to the DDA, Option to Purchase Agreement (Housing), is hereby amended by deleting Recital C in its entirety and replacing it with the following: “Pursuant to that certain Disposition and Development Agreement entered into between the Agency and Optionor (as “Owner” therein) dated as of May 22, 2008, and all amendments thereto, (the “Agreement”), Optionor has agreed to construct an approximately 65 unit affordable housing complex with ground floor retail and related parking facilities (the “Project”).”
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Option to Purchase Agreement. The Developer shall enter into, or shall cause the execution of, an Option Agreement with the Commission pertaining to the sale of its current facility at 000 X Xxxxxx Xxxxxx, South Bend, Indiana concurrently with the execution of this Agreement.
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Option to Purchase Agreement. The Option is granted in accordance with the Option to Purchase Agreement executed by and between City and Optionee concerning the Option Property, dated , 20 (the “Option to Purchase Agreement”). This Memorandum of Option is prepared for the purpose of recordation and shall not alter or affect in any way the rights and obligations of City and Optionee under the Option to Purchase Agreement. In the event of any inconsistency between this Memorandum and the Option Agreement, the terms of the Option to Purchase Agreement shall control. In witness whereof, the Parties have entered into this Agreement as of the Effective Date. [SIGNATURES APPEAR ON FOLLOWING PAGE] “City” CITY OF MANTECA, a municipal corporation By:
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Option to Purchase Agreement. The Option is granted in accordance with the Option to Purchase Agreement executed by and between City and Optionee concerning the Option Property, dated , 20 (the “Option to Purchase Agreement”). This Memorandum of Option is prepared for the purpose of recordation and shall not alter or affect in any way the rights and obligations of City and Optionee under the Option to Purchase Agreement. In the event of any inconsistency between this Memorandum and the Option Agreement, the terms of the Option to Purchase Agreement shall control. In witness whereof, the Parties have entered into this Agreement as of the Effective Date. [SIGNATURES APPEAR ON FOLLOWING PAGE] “City” CITY OF MANTECA, a municipal corporation By: Print Name: Mayor ATTEST: By: Print Name: City Clerk APPROVED AS TO FORM: By: Print Name: Counsel to the City “Optionee” GREAT WOLF RESORTS, INC., a Delaware corporation By: Print Name: Title: A Notary Public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California ) County of ) On , before me, , a Notary Public, personally appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (Seal) EXHIBIT A TO THE MEMORANDUM OF OPTION LEGAL DESCRIPTION OF THE OPTION PROPERTY Lot 27 of that certain tentative parcel map for the Family Entertainment Zone approved by City on February 16, 2016 (the “Tentative Parcel Map”), together with that certain property identified as the Gudeli parcel (APN 241-310-34) as also shown on the Tentative Parcel Map, excepting therefrom any land needed by Caltrans to construct a new interchange at the intersection of State Highway Route 120 and XxXxxxxx Avenue. EXHIBIT D TO THE OPTION TO PURCHASE AGREEMENT FORM OF THE GRANT DEED RECORDING REQUESTED BY, AND WHEN RECORDED, RETURN TO: City of Manteca City Clerk 0000 Xxxx Xxxxxx Xxxxxx Xxxxxxx, XX 00000 APN...
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Option to Purchase Agreement. A duly executed and acknowledged counterpart of the Option to Purchase Agreement.
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Option to Purchase Agreement. THIS IS A LEGALLY BINDING CONTRACT. YOU ARE ADVISED TO SEEK THE ADVICE OF LEGAL COUNSEL PRIOR TO SIGNING IT. This OPTION TO PURCHASE AGREEMENT (hereinafter called the “Option Agreement”) is entered into by and between and/or assignee, with an address of , Telephone ( ) - (hereinafter called the “Owner”); and Optionee: Street Address City State Zip Code Home Phone Mobile Phone (hereinafter called the “Optionee” whether one or more).
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Related to Option to Purchase Agreement

  • Option to Purchase Shares The Company hereby grants to the Optionee an Option (the “Option”), pursuant to the Plan, to purchase up to ________________ (___________) shares of the Company’s common stock (the “Stock”). The Option Price for each share of Stock shall be ____________________Dollars and ______________ Cents ($______), which is acknowledged to be 100% of the Fair Market Value of each share of Stock as of the date hereof. The Option shall be exercisable for the number of shares of Stock and during the specific exercise periods (“Exercise Period(s)”) set forth in the following table: Number of Shares Exercise Period _______________________ (___________) Shares ________________1 through ______________

  • Amendment to Purchase Agreement The Purchase Agreement is hereby amended as follows:

  • Stock Purchase Agreement Each Purchaser understands and agrees that the conversion of the Notes into equity securities of the Company will require such Purchaser’s execution of certain agreements relating to the purchase and sale of such securities as well as any rights relating to such equity securities.

  • The Purchase Agreement This Agreement has been duly authorized, executed and delivered by the Company and the Guarantors.

  • Option to Purchase Subject to Section 3.5, 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 purchase any or all owned Bank Premises, including all Furniture, Fixtures and Equipment located on the Bank Premises. The Assuming Institution shall give written notice to the Receiver within the option period of its election to purchase or not to purchase any of the owned Bank Premises. Any purchase of such premises shall be effective as of the date of Bank Closing and such purchase shall be consummated as soon as practicable thereafter, and in no event later than the Settlement Date. If the Assuming Institution gives notice of its election not to purchase one or more of the owned Bank Premises within seven (7) days of Bank Closing, then, not withstanding any other provision of this Agreement to the contrary, the Assuming Institution shall not be liable for any of the costs or fees associated with appraisals for such Bank Premises and associated Fixtures, Furniture and Equipment.

  • Option to Lease 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 cause the Receiver to assign to the Assuming Institution any or all leases for leased Bank Premises, if any, which have been continuously occupied by the Assuming Institution from Bank Closing to the date it elects to accept an assignment of the leases with respect thereto to the extent such leases can be assigned; provided, that the exercise of this option with respect to any lease must be as to all premises or other property subject to the lease. If an assignment cannot be made of any such leases, the Receiver may, in its discretion, enter into subleases with the Assuming Institution containing the same terms and conditions provided under such existing leases for such leased Bank Premises or other property. The Assuming Institution shall give notice to the Receiver within the option period of its election to accept or not to accept an assignment of any or all leases (or enter into subleases or new leases in lieu thereof). The Assuming Institution agrees to assume all leases assigned (or enter into subleases or new leases in lieu thereof) pursuant to this Section 4.6. If the Assuming Institution gives notice of its election not to accept an assignment of a lease for one or more of the leased Bank Premises within seven (7) days of Bank Closing, then, not withstanding any other provision of this Agreement to the contrary, the Assuming Institution shall not be liable for any of the costs or fees associated with appraisals for the Fixtures, Furniture and Equipment located on such leased Bank Premises.

  • Founder’s Purchase Agreement The Founder’s Purchase Agreement has been duly authorized, executed and delivered by the Company and the Sponsor, and is a valid and binding agreement of the Company and the Sponsor, enforceable against the Company and the Sponsor in accordance with its terms except as the enforceability thereof may be limited by bankruptcy, insolvency, or similar laws affecting creditors’ rights generally from time to time in effect and by equitable principles of general applicability.

  • Stock Option Agreement Each grant of an Option under the Plan shall be evidenced by a Stock Option Agreement between the Optionee and the Company. Such Option shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The Stock Option Agreement shall specify whether the Option is an ISO or an NSO. The provisions of the various Stock Option Agreements entered into under the Plan need not be identical. Options may be granted in consideration of a reduction in the Optionee’s other compensation.

  • Amendments to Purchase Agreement 11. The parties agree that the Purchase Agreement shall be amended, solely with respect to the Mortgage Loans, as follows:

  • Obligation to Purchase (a) The Subscriber agrees to purchase from the Company convertible notes ("Put Notes") in up to the principal amount set forth on the signature page hereto for up to the aggregate amount of Put Note principal ("Put Purchase Price") designated on the signature page hereto (the "Put"). Collectively the Put Notes, Warrants issuable in connection with the Put, and Common Stock issuable upon conversion of the Put Notes and exercise of the Warrants are referred to as the "Put Securities".) The Warrants issuable in connection with the Put Notes are referred to herein as Warrants or Put Warrants. Except as described in Section 11.1(c) hereof, each Put Note will be identical to the Note except that the Maturity Date will be two years from each Put Closing Date (as hereinafter defined). The Holders of the Put Securities are granted all the rights, undertakings, remedies, liquidated damages and indemnification granted to the Subscriber in connection with the Note, including but not limited to, the rights and procedures set forth in Section 9 hereof and the registration rights described in Section 10 hereof.

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