Common use of EARLY PURCHASE OPTION Clause in Contracts

EARLY PURCHASE OPTION. (a) Provided that this Agreement has not been earlier terminated and provided further that Lessee is not in default under this Agreement or any other agreement between Lessor and Lessee, Lessee may, UPON AT LEAST 30 DAYS BUT NO MORE THAN 270 DAYS PRIOR WRITTEN NOTICE TO LESSOR OF LESSEE'S IRREVOCABLE ELECTION TO EXERCISE SUCH OPTION, purchase all (but not less than all) of the Equipment listed and described in this scheduled on any Rent Payment Date following the First Termination Date as set forth in the applicable Schedule, and prior to the date which is the scheduled expiration of this Agreement, (the "EARLY PURCHASE DATE") for a price equal to (i) the Termination Value (calculated as of the Early Purchase Date) for the Equipment, and (ii) all rent and other sums due and unpaid as of the Purchase Date (the "EARLY OPTION PRICE"), plus all applicable sales taxes on an AS IS BASIS. (The purchase option granted by this subsection shall be referred to herein as the "EARLY PURCHASE OPTION"). (b) If Lessee exercises its Early Purchase Option with respect to the Equipment leased hereunder, then on the Early Purchase Option with respect to the Equipment leased hereunder, then on the Early Purchase Date, Lessee shall pay to Lessor any rent and other sums due and unpaid on the Early Purchase Date and Lessee shall pay the Early Option Price, plus all applicable sales taxes, to Lessor in cash.

EARLY PURCHASE OPTION. (ai) Provided that this Agreement the Lease has not been earlier terminated and provided further that Lessee is not in default under this Agreement or any other agreement between Lessor and Lesseethe Lease, Lessee may, UPON AT LEAST 30 DAYS BUT NO MORE THAN 270 DAYS PRIOR WRITTEN NOTICE TO LESSOR OF LESSEE'S IRREVOCABLE ELECTION TO EXERCISE SUCH OPTION, purchase on an AS IS BASIS all (but not less than all) of the Equipment listed and described in this scheduled Schedule on any Rent Payment Date following the First Termination Date as set forth in the applicable Schedule, and prior to the rent payment date which is the scheduled expiration of this Agreement, (the "EARLY PURCHASE DATEEarly Purchase Date") which is June 1, 2015 for a price equal to $1,539,496.59 (i54.482%) the Termination Value (calculated as of the Early Purchase Date) for the Equipment, and (ii) all rent and other sums due and unpaid as of the Purchase Date (the "EARLY OPTION PRICEFMV Early Option Price"), plus all applicable sales taxes or purchase on an AS IS BASISBASIS all (but not less than all) of the Equipment listed and described in this Schedule on the rent payment date (the "Early Purchase Date") which is June 1, 2016 for a price equal to $1,045,508.13 (37.00%) (the "FMV Early Option Price"), plus all applicable sales taxes. Lessor and Lessee agree that the FMV Early Option Price is a reasonable prediction of the Fair Market Value (as such term is defined in the END OF LEASE PURCHASE OPTION Section subsection (b) of the Lease hereof) of the Equipment at the time the option is exercisable. Lessor and Lessee agree that if Lessee makes any non-severable improvement to the Equipment which increases the value of the Equipment and is not required or permitted by the MAINTENANCE Section or the RETURN OF EQUIPMENT Section of the Lease prior to lease expiration, then at the time of such option being exercised, Lessor and Lessee shall adjust the purchase price to reflect any addition to the price anticipated to result from such improvement. (The purchase option granted by this subsection shall be referred to herein as the "EARLY PURCHASE OPTION"). (b) If Lessee exercises its Early Purchase Option with respect to the Equipment leased hereunder, then on the Early Purchase Option with respect to the Equipment leased hereunder, then on the Early Purchase Date, Lessee shall pay to Lessor any rent and other sums due and unpaid on the Early Purchase Date and Lessee shall pay the Early Option Price, plus all applicable sales taxes, to Lessor in cashOption".)

EARLY PURCHASE OPTION. (a) Provided that this Agreement the Lease has not been earlier terminated and provided further that Lessee is not in default under this Agreement the Lease or any other agreement between Lessor and Lessee, Lessee may, UPON AT LEAST 30 THIRTY (30) DAYS BUT NO MORE THAN 270 ONE HUNDRED EIGHTY (180) DAYS PRIOR WRITTEN NOTICE TO LESSOR OF LESSEE'S ’S IRREVOCABLE ELECTION TO EXERCISE SUCH OPTION, purchase on an AS IS BASIS all (but not less than all) of the Equipment listed and described in this scheduled Schedule on any the Rent Payment Date following (the First Termination Date as set forth in the applicable Schedule, and prior to the date “Early Purchase Date”) which is Thirty (30) months from the scheduled expiration of this Agreement, (the "EARLY PURCHASE DATE") Basic Term Commencement Date for a price equal to (i) the Termination Value (calculated as of the Early Purchase Date) for the Equipment, and (ii) all rent and other sums due and unpaid as of the Purchase Date $5,883,462.84 (the "EARLY OPTION PRICE"“FMV Early Option Price”), plus all applicable sales taxes on taxes. Lessor and Lessee agree that the FMV Early Option Price is a reasonable prediction of the Fair Market Value (as such term is defined in the END OF LEASE PURCHASE OPTION Section subsection (b) of the Lease hereof) of the Equipment at the time the option is exercisable. Lessor and Lessee agree that if Lessee makes any non-severable improvement to the Equipment which increases the value of the Equipment an AS IS BASISis not required or permitted by the MAINTENANCE Section of the RETURN OF EQUIPMENT Section of the Lease prior to lease expiration, then at the time such option being exercised, Lessor and Lessee shall increase the purchase price to reflect any addition to the price anticipated to result from such improvement. (The purchase option granted by this subsection shall be referred to herein as the "EARLY PURCHASE OPTION"). (b) If Lessee exercises its “Early Purchase Option with respect to the Equipment leased hereunder, then on the Early Purchase Option with respect to the Equipment leased hereunder, then on the Early Purchase Date, Lessee shall pay to Lessor any rent and other sums due and unpaid on the Early Purchase Date and Lessee shall pay the Early Option Price, plus all applicable sales taxes, to Lessor in cashOption”.)

EARLY PURCHASE OPTION. (a) Provided that this Agreement the Lease has not been earlier terminated and provided further that Lessee is not in default under this Agreement the Lease or any other agreement between Lessor and Lessee, Lessee may, UPON AT LEAST 30 DAYS BUT NO MORE THAN 270 DAYS PRIOR WRITTEN NOTICE TO LESSOR OF LESSEE'S IRREVOCABLE ELECTION TO EXERCISE SUCH OPTION, purchase all (but not less than all) of the Equipment listed and described in this scheduled schedule on any Rent Payment Date following the First Termination Date as set forth in the applicable this Schedule, and prior to the date which is the scheduled expiration of this Agreement, Lease (the "EARLY PURCHASE DATEEarly Purchase Date") ), for a price equal to (i) the Termination Value (calculated as of the Early Purchase Date) for the Equipment, and (ii) all rent and other sums due and unpaid as of the Purchase Date (the "EARLY OPTION PRICEEarly Option Price"), plus all applicable sales taxes on an AS IS BASIS. (The purchase option granted by this subsection shall be referred to herein as the "EARLY PURCHASE OPTIONEarly Purchase Option"). (b) If Lessee exercises its Early Purchase Option with respect to the Equipment leased hereunder, then on the Early Purchase Option with respect to the Equipment leased hereunder, then on the Early Purchase Date, Lessee shall pay to Lessor any rent and other sums due and unpaid on the Early Purchase Date and Lessee shall pay the Early Option Price, plus all applicable sales taxes, to Lessor in cash.

EARLY PURCHASE OPTION. (ai) Provided that this Agreement the Lease has not been earlier terminated and provided further that Lessee is not in default under this Agreement or any other agreement between Lessor and Lesseethe Lease, Lessee may, UPON AT LEAST 30 DAYS BUT NO MORE THAN 270 DAYS PRIOR WRITTEN NOTICE TO LESSOR OF LESSEE'S IRREVOCABLE ELECTION TO EXERCISE SUCH OPTION, purchase on an AS IS BASIS all (but not less than all) of the Equipment listed and described in this scheduled Schedule on any Rent Payment Date following the First Termination Date as set forth in the applicable Schedule, and prior to the rent payment date which is the scheduled expiration of this Agreement, (the "EARLY PURCHASE DATEEarly Purchase Date") which is December 1, 2018 for a price equal to (i) the Termination Value (calculated as of the Early Purchase Date) for the Equipment, and (ii) all rent and other sums due and unpaid as of the Purchase Date $_________ (the "EARLY OPTION PRICEFMV Early Option Price"), plus all applicable sales taxes on an AS IS BASIStaxes. Lessor and Lessee agree that the FMV Early Option Price is a reasonable prediction of the Fair Market Value (as such term is defined in the END OF LEASE PURCHASE OPTION Section subsection (b) of the Lease hereof) of the Equipment at the time the option is exercisable. Lessor and Lessee agree that if Lessee makes any non-severable improvement to the Equipment which increases the value of the Equipment and is not required or permitted by the MAINTENANCE Section or the RETURN OF EQUIPMENT Section of the Lease prior to lease expiration, then at the time of such option being exercised, Lessor and Lessee shall adjust the purchase price to reflect any addition to the price anticipated to result from such improvement. (The purchase option granted by this subsection shall be referred to herein as the "EARLY PURCHASE OPTION"). (b) If Lessee exercises its Early Purchase Option with respect to the Equipment leased hereunder, then on the Early Purchase Option with respect to the Equipment leased hereunder, then on the Early Purchase Date, Lessee shall pay to Lessor any rent and other sums due and unpaid on the Early Purchase Date and Lessee shall pay the Early Option Price, plus all applicable sales taxes, to Lessor in cashOption".)

EARLY PURCHASE OPTION. (a) Provided that this Agreement the Lease has not been earlier terminated and provided further that Lessee is not in default under this Agreement the Lease or any other agreement between Lessor and Lessee, . Lessee may, UPON AT LEAST 30 DAYS BUT NO MORE THAN 270 DAYS PRIOR WRITTEN NOTICE TO LESSOR OF LESSEE'S IRREVOCABLE ELECTION TO EXERCISE SUCH OPTION, purchase all (but not less than all) of the Equipment listed and described in this scheduled schedule on any Rent Payment Date following the First Termination Date as set forth in the applicable this Schedule, and prior to the date which is the scheduled expiration of this AgreementLease, (the "EARLY PURCHASE DATEEarly Purchase Date") for a price equal to (i) the Termination Value (calculated as of the Early Purchase Date) for the Equipment, and (ii) all rent and other sums due and unpaid as of the Purchase Date (the "EARLY OPTION PRICEEarly Option Price"), plus all applicable sales taxes on an AS IS BASIS. (The purchase option granted by this subsection shall be referred to herein as the "EARLY PURCHASE OPTIONEarly Purchase Option"). (b) If Lessee exercises its Early Purchase Option with respect to the Equipment leased hereunder, then on the Early Purchase Option with respect to the Equipment leased hereunder, then on the Early Purchase Date, Lessee shall pay to Lessor any rent and other sums due and unpaid on the Early Purchase Date and Lessee shall pay the Early Option Price, plus all applicable sales taxes, to Lessor in cash.

EARLY PURCHASE OPTION. (a) Provided that this Agreement the Lease has not been earlier terminated and provided further that Lessee is not in default under this Agreement the Lease or any other agreement between Lessor and Lessee, Lessee may, UPON AT LEAST 30 THIRTY (30) DAYS BUT NO MORE THAN 270 ONE HUNDRED EIGHTY (180) DAYS PRIOR WRITTEN NOTICE TO LESSOR OF LESSEE'S ’S IRREVOCABLE ELECTION TO EXERCISE SUCH OPTION, purchase on an AS IS BASIS all (but not less than all) of the Equipment listed and described in this scheduled Schedule on any the Rent Payment Date following (the First Termination Date as set forth in the applicable Schedule, and prior to the date “Early Purchase Date”) which is Forty-Two (42) months from the scheduled expiration of this Agreement, (the "EARLY PURCHASE DATE") Basic Term Commencement Date for a price equal to (i) the Termination Value (calculated as of the Early Purchase Date) for the Equipment, and (ii) all rent and other sums due and unpaid as of the Purchase Date $10,585,482.10 (the "EARLY OPTION PRICE"“FMV Early Option Price”), plus all applicable sales taxes on taxes. Lessor and Lessee agree that the FMV Early Option Price is a reasonable prediction of the Fair Market Value (as such term is defined in the END OF LEASE PURCHASE OPTION Section subsection (b) of the Lease hereof) of the Equipment at the time the option is exercisable. Lessor and Lessee agree that if Lessee makes any non-severable improvement to the Equipment which increases the value of the Equipment an AS IS BASISis not required or permitted by the MAINTENANCE Section of the RETURN OF EQUIPMENT Section of the Lease prior to lease expiration, then at the time such option being exercised, Lessor and Lessee shall increase the purchase price to reflect any addition to the price anticipated to result from such improvement. (The purchase option granted by this subsection shall be referred to herein as the "EARLY PURCHASE OPTION"). (b) If Lessee exercises its “Early Purchase Option with respect to the Equipment leased hereunder, then on the Early Purchase Option with respect to the Equipment leased hereunder, then on the Early Purchase Date, Lessee shall pay to Lessor any rent and other sums due and unpaid on the Early Purchase Date and Lessee shall pay the Early Option Price, plus all applicable sales taxes, to Lessor in cashOption”.)

EARLY PURCHASE OPTION. (a) Provided that this Agreement the Lease has not been earlier terminated and provided further that Lessee is not in default under this Agreement the Lease or any other agreement between Lessor and Lessee, Lessee may, UPON AT LEAST 30 DAYS BUT NO MORE THAN 270 180 DAYS PRIOR WRITTEN NOTICE TO LESSOR OF LESSEE'S ’S IRREVOCABLE ELECTION TO EXERCISE SUCH OPTION, purchase on an AS IS BASIS all (but not less than all) of the Equipment listed and described in this scheduled Schedule on any the Rent Payment Date following (the First Termination Date as set forth in the applicable Schedule, and prior to the date “Early Purchase Date”) which is sixty (60) months from the scheduled expiration of this Agreement, (the "EARLY PURCHASE DATE") Basic Term Commencement Date for a price equal to Thirty Five and 943357/100 percent (i35.943357%) the Termination Value (calculated as of the Early Purchase Date) for the Equipment, and (ii) all rent and other sums due and unpaid as of the Purchase Date Capitalized Lessor’s Cost (the "EARLY OPTION PRICE"“FMV Early Option Price”), plus all applicable sales taxes on an AS IS BASIStaxes. Lessor and Lessee agree that the FMV Early Option Price is a reasonable prediction of the Fair Market Value (as such term is defined in the END OF LEASE PURCHASE OPTION Section subsection (b) of the Lease hereof) of the Equipment at the time the option is exercisable. Lessor and Lessee agree that if Lessee makes any non-severable improvement to the Equipment which increases the value of the Equipment and is not required or permitted by the MAINTENANCE Section or the RETURN OF EQUIPMENT Section of the Lease prior to lease expiration, then at the time of such option being exercised, Lessor and Lessee shall increase the purchase price to reflect any addition to the price anticipated to result from such improvement. (The purchase option granted by this subsection shall be referred to herein as the "EARLY PURCHASE OPTION"). (b) If Lessee exercises its “Early Purchase Option with respect to the Equipment leased hereunder, then on the Early Purchase Option with respect to the Equipment leased hereunder, then on the Early Purchase Date, Lessee shall pay to Lessor any rent and other sums due and unpaid on the Early Purchase Date and Lessee shall pay the Early Option Price, plus all applicable sales taxes, to Lessor in cashOption”.)

EARLY PURCHASE OPTION. (a) Provided that this Agreement the Lease has not been earlier terminated and provided further that than Lessee is not in default under this Agreement the Lease or any other agreement between Lessor and Lessee, . Lessee may, UPON AT LEAST 30 DAYS BUT NO MORE THAN 270 DAYS PRIOR WRITTEN NOTICE TO LESSOR OF LESSEE'S IRREVOCABLE ELECTION TO EXERCISE SUCH OPTION, purchase all (but not less than all) of the Equipment listed and described in this scheduled schedule on any Rent Payment Date following the First Termination Date as set forth in the applicable this Schedule, and prior to the date which is the scheduled expiration of this AgreementLease, (the "EARLY PURCHASE DATEEarly Purchase Date") for a price equal to (i) the Termination Value (calculated as of the Early Purchase Date) for the Equipment, and (ii) all rent and other sums due and unpaid as of the Purchase Date (the "EARLY OPTION PRICEEarly Option Price"), plus all applicable sales taxes on an AS IS BASIS. (The purchase option granted by this subsection shall be referred to herein as the "EARLY PURCHASE OPTIONEarly Purchase Option"). (b) If Lessee exercises its Early Purchase Option with respect to the Equipment leased hereunder, then on the Early Purchase Option with respect to the Equipment leased hereunder, then on the Early Purchase Date, Lessee shall pay to Lessor any rent and other sums due and unpaid on the Early Purchase Date and Lessee shall pay the Early Option Price, plus all applicable sales taxes, to Lessor in cash.