Common use of Maturity Date Purchase Option Clause in Contracts

Maturity Date Purchase Option. Not less than six months prior to the Maturity Date, Lessee may give Lessor and Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing to exercise the Maturity Date Purchase Option. If Lessee does not give a Maturity Date Election Notice on or before the date six months prior to the Maturity Date or if Lessee has not exercised the Purchase Option with respect to all of the Equipment, then Lessee shall be obligated to remarket the Equipment pursuant to Section 21. If Lessee has elected to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Lessor an amount equal to the Termination Value for all the Equipment (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Lessor shall transfer to Lessee or Lessee's designee all of Lessor's right, title and interest in and to the Equipment in accordance with Section 19.1.

Maturity Date Purchase Option. Not less than six months prior to On or before the Maturity Purchase Decision Date, Lessee may give Lessor and the Administrative Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing to exercise the Maturity Date Purchase Option. If Lessee does not give a elect the Remarketing Option or the Maturity Date Election Notice Purchase Option on or before the date six months prior Purchase Decision Date, Lessee shall be deemed to have elected to exercise the Maturity Date or if Lessee has not exercised the Purchase Option with respect to all of the Equipment, then Lessee shall be obligated to remarket the Equipment pursuant to Section 21Option. If Lessee has elected (or is deemed to have elected) to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Lessor an amount equal to the Termination Value for all each of the Equipment Properties (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Lessor shall transfer to Lessee or Lessee's designee designees all of Lessor's right, title and interest in and to the Equipment Properties in accordance with Section 19.1.

Maturity Date Purchase Option. Not less than six twelve months prior to the Maturity Date, Lessee may give Lessor and Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing to exercise the Maturity Date Purchase Option. If Lessee does not give a Maturity Date Election Notice on or before the date six twelve months prior to the Maturity Date or if Lessee has not exercised the Purchase Option with respect to all of the EquipmentDate, then Lessee shall be obligated to remarket the Equipment Properties pursuant to Section 2121.1. If Lessee has elected to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Lessor an amount equal to the Termination Value for all the Equipment Properties (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Lessor shall transfer to Lessee or Lessee's designee all of Lessor's right, title and interest in and to the Equipment Properties in accordance with Section 19.1.

Maturity Date Purchase Option. Not less than six eighteen (18) months prior to the Maturity Date, Lessee may give Agent Lessor and Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing to exercise the Maturity Date Purchase OptionOption or its option to have the Property remarketed pursuant to Section 21.1. If Lessee does not give a Maturity Date Election Notice on or before the date six eighteen (18) months prior to the Maturity Date or if Lessee has not exercised the Purchase Option with respect to all of the EquipmentDate, then Lessee shall be obligated deemed to remarket the Equipment pursuant to Section 21have exercised its Maturity Date Purchase Option. If Lessee has elected elected, or is deemed to have elected, to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Agent Lessor an amount equal to the Termination Value for all Purchase Option Price plus any Supplemental Rent due and owing on such date of purchase (offsetting, at the Equipment option of Agent Lessor, against such amount the aggregate amount of the Defeasance Deposit Collateral) (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Agent Lessor shall transfer to Lessee or Lessee's designee all of Lessor's right, title and interest in and to the Equipment in accordance with Section 19.1.'s

Maturity Date Purchase Option. Not less than six twelve months ----------------------------- prior to the Maturity Date, if Lessee may does not give Lessor and Agent written notice to the contrary, Lessee shall be deemed to have given Lessor and Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing ----------------------------- to exercise the Maturity Date Purchase Option. If Lessee does gives notice that it will not give a exercise the Maturity Date Election Notice on or before the date six twelve months prior to the Maturity Date or if Lessee has not exercised the Purchase Option with respect to all of the EquipmentDate, then Lessee shall be obligated to remarket the Equipment Property pursuant to Section 21. If Lessee has elected to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Lessor an amount equal to the Termination Value for all the Equipment Property (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Lessor shall transfer to Lessee or Lessee's designee all of Lessor's right, title and interest in and to the Equipment Property in accordance with Section 19.1.

Maturity Date Purchase Option. Not less than six months prior to the Maturity Date, Lessee may shall give Lessor and Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing either (a) to exercise the Maturity Date Purchase OptionOption or (b) to remarket the Property pursuant to Section 21. If Lessee does not give a Maturity Date Election Notice on or before the date six months prior to the Maturity Date or if Lessee has not exercised the Purchase Option with respect to all of the EquipmentDate, then Lessee shall be obligated deemed to remarket have elected to exercise the Equipment pursuant to Section 21Maturity Date Purchase Option. If Lessee has elected or is deemed to have elected to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Lessor an amount equal to the Termination Value for all the Equipment Property (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Lessor shall transfer to Lessee or Lessee's designee all of Lessor's right, title and interest in and to the Equipment Property in accordance with Section 19.1.

Maturity Date Purchase Option. Not less than six twelve months prior to the Maturity Date, Lessee may give Lessor and Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing to exercise the Maturity Date Purchase Option. If Lessee does not give a Maturity Date Election Notice on or before the date six twelve months prior to the Maturity Date or if Lessee has and does not exercised elect to renew the Purchase Option with respect to all of the EquipmentLease, then Lessee shall be obligated to remarket remarket, subject to Lessee's rights under Section 20.1, the Equipment Project pursuant to Section 21. If Lessee has elected to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Lessor an amount equal to the Termination Value for all the Equipment Project (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Lessor and Issuer shall transfer to Lessee or Lessee's designee all of Lessor's and Issuer's right, title and interest in and to the Equipment Project in accordance with Section 19.1.

Maturity Date Purchase Option. Not less than six twelve months ----------------------------- prior to the Maturity Date, Lessee may give Lessor and Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing to exercise ----------------------------- the Maturity Date Purchase Option. If Lessee does not give a Maturity Date Election Notice on or before the date six twelve months prior to the Maturity Date or if Lessee has not exercised the Purchase Option with respect to all of the EquipmentDate, then Lessee shall be obligated to remarket the Equipment Properties pursuant to Section 21. If Lessee has elected to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Lessor an amount equal to the Termination Value for all the Equipment Properties (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus amount, including all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Lessor shall transfer to Lessee or Lessee's designee all of Lessor's right, title and interest in and to the Equipment Properties in accordance with Section 19.1.

Maturity Date Purchase Option. Not less than six nine months prior to the Maturity Date, Lessee may give Lessor and Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing to exercise the Maturity Date Purchase Option. If Lessee does not give a Maturity Date Election Notice on or before the date six nine months prior to the Maturity Date or if Lessee has not exercised the Purchase Option with respect to all of the EquipmentDate, then Lessee shall be obligated to remarket the Equipment Properties pursuant to Section 21. If Lessee has elected to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Lessor an amount equal to the Termination Value for all the Equipment Properties (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Lessor shall transfer to Lessee or Lessee's designee all of Lessor's right, title and interest in and to the Equipment Properties in accordance with Section 19.1.

Maturity Date Purchase Option. Not less than six months one hundred eighty (180) days prior to the Maturity Date, Lessee may give Lessor and Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing to exercise the Maturity Date Purchase OptionOption or its option to remarket the Property pursuant to Section 21.1. If Lessee does not give a Maturity Date Election Notice on or before the date six months one hundred eighty (180) days prior to the Maturity Date or if Lessee has not exercised the Purchase Option with respect to all of the EquipmentDate, then Lessee shall be obligated deemed to remarket the Equipment pursuant to Section 21have exercised its Maturity Date Purchase Option. If Lessee has elected elected, or is deemed to have elected, to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Lessor an amount equal to the Termination Value plus all Basic Rent and Supplemental Rent due and owing on such date of purchase for all the Equipment Property (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Lessor shall transfer to Lessee or Lessee's designee all of Lessor's right, title and interest in and to the Equipment Property in accordance with Section 19.1.

Maturity Date Purchase Option. Not less than six months prior to ----------------------------- the Maturity Date, Lessee may give Lessor and Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing to exercise the ----------------------------- Maturity Date Purchase Option. If Lessee does not give a Maturity Date Election Notice on or before the date six months prior to the Maturity Date or if Lessee has not exercised the Purchase Option with respect to all of the Equipment, then Lessee shall be obligated to remarket the Equipment pursuant to Section 21. If Lessee has elected to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Lessor an amount equal to the Termination Value for all the Equipment (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Lessor shall transfer to Lessee or Lessee's designee all of Lessor's right, title and interest in and to the Equipment in accordance with Section 19.1.

Maturity Date Purchase Option. Not less than six twelve months prior to the Maturity Date, Lessee may give Lessor and Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing to exercise the Maturity Date Purchase Option. If Lessee does not give a Maturity Date Election Notice on or before the date six twelve months prior to the Maturity Date or if Lessee has not exercised the Purchase Option with respect to all of the EquipmentDate, then Lessee shall be obligated to remarket the Equipment Properties pursuant to Section 21. If Lessee has elected to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Lessor an amount equal to the Termination Value for all the Equipment Properties (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Lessor shall transfer to Lessee or Lessee's designee all of Lessor's right, title and interest in and to the Equipment Properties in accordance with Section 19.1.. 3

Maturity Date Purchase Option. Not less than six twelve months prior to the Maturity Date, Lessee may give Agent Lessor and Agent irrevocable written notice (the "Maturity Date Election NoticeMATURITY DATE ELECTION NOTICE") that Lessee is electing to exercise the Maturity Date Purchase OptionOption or its option to remarket the Property pursuant to Section 21.1. If Lessee does not give a Maturity Date Election Notice on or before the date six twelve months prior to the Maturity Date or if Lessee has not exercised the Purchase Option with respect to all of the EquipmentDate, then Lessee shall be obligated deemed to remarket the Equipment pursuant to Section 21have exercised its Maturity Date Purchase Option. If Lessee has elected elected, or is deemed to have elected, to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Agent Lessor an amount equal to the Termination Value for all the Equipment Property (offsetting, at the option of Lessee, against such amount the aggregate amount of the Defeasance Deposit Collateral) (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Agent Lessor shall transfer to Lessee or Lessee's designee all of Agent Lessor's and the Lessors' right, title and interest in and to the Equipment Property in accordance with Section 19.1.