Common use of Exercise of Purchase Option Clause in Contracts

Exercise of Purchase Option. Within ninety (90) days following the determination of the Fair Market Value of the Facility pursuant to this Section 7.2, but in no event later than eighteen (18) months following delivery of a Preliminary Interest Notice, PacifiCorp shall notify Seller if PacifiCorp elects to exercise its option (an “Option Confirmation Notice”).

Exercise of Purchase Option. Within ninety (90) days three months following the determination of the Fair Market Value of the Facility pursuant to this Section 7.25.6.1 (and as applicable, Section 5.6.2), but in no event later than eighteen (18) 18 months following delivery of a Preliminary Interest Notice, PacifiCorp shall notify Seller if PacifiCorp elects to exercise its option (an “"Option Confirmation Notice”").