He also said he had not requested the purchase option.

So instead, a typical purchase option incorporates a formula for determining a future sales price.

The city's purchase option expired the following month, leaving the hotel's future once again in limbo.

Symphony Space, meanwhile, was trying to work out its own development deal and battling the purchase option in court.

Gray exercised a purchase option that was part of the deal to acquire the station outright on May 11, 2012.

Groningen will not consider the purchase option of the 26-year-old striker.

In 1997, they approached the City of Bend for a purchase option.

The contract was a year - long loan with purchase option.

"And sign a purchase option," she said, "which you can cancel within thirty days, or so they promise."

In December 1995, three months before the purchase option became invalid, the club bought back the shares.