Common use of Notice of Purchase Clause in Contracts

Notice of Purchase. In order to exercise any purchase option under Section 21, Lessee shall be required to give not less than 90 days (but not more than 360 days) irrevocable prior written notice to Lessor. The Lessee will give Lessor prior written irrevocable notice not less than 90 days (but not more than 360 days) before the expiration of the Term of its determination to return the Aircraft and Spare Engines and not exercise any purchase option under this Section 21. If Lessee fails to give notice as required herein, Lessee will be deemed to have elected to return the Aircraft and Spare Engines to the Lessor.

Notice of Purchase. In order to exercise any purchase option under Section 21, Lessee shall be required to give not less than 90 days (but not more than 360 days) irrevocable prior written notice to Lessor. The Lessee will give Lessor prior written irrevocable notice not less than 90 days (but not more than 360 days) before the expiration of the Term of its determination to return the Aircraft and Spare Engines and not exercise any purchase option under this Section 21. If Lessee fails to give notice as required herein, Lessee will be deemed to have elected to return the Aircraft and Spare Engines to the Lessor.

Notice of Purchase. In order to exercise any purchase option under Section 21, the Lessee shall be required to give not less than 90 days (but not more than 360 days) irrevocable prior written notice to the Lessor. The Lessee will give the Lessor prior written irrevocable notice not less than 90 days (but not more than 360 days) before the expiration of the Term of its determination to return the Aircraft and Spare Engines and not exercise any purchase option under this Section 21. If the Lessee fails to give notice as required herein, the Lessee will be deemed to have elected to return the Aircraft and Spare Engines to the Lessor.

Notice of Purchase. In order to exercise any purchase option under Section 21, the Lessee shall be required to give not less than 90 days (but not more than 360 days) irrevocable prior written notice to the Lessor. The Lessee will give the Lessor prior written irrevocable notice not less than 90 days (but not more than 360 days) before the expiration of the Term of its determination to return the Aircraft and Spare Engines and not exercise any purchase option under this Section 21. If the Lessee fails to give notice as required herein, the Lessee will be deemed to have elected to return the Aircraft and Spare Engines to the Lessor.