Common use of Partial Purchase Clause in Contracts

Partial Purchase. Head Lessor hereby grants to Head Lessee (or its assignee) the right to purchase a portion of the Facility 2 Property at any time upon one (1) months' prior written notice following any exercise by Lessee of the Partial Purchase Option pursuant to the Facility 2 Purchase Agreement. If Head Lessee exercises the purchase option under this Subparagraph 6.01(b), (i) Head Lessee may purchase the portion of the Facility 2 Property for which Lessee is exercising the Partial Purchase Option and (ii) Head Lessee shall pay a purchase price for such portion in an amount (the "Head Lease Partial Purchase Option Price") equal to the product of (A) $1,000.00 times (B) a fraction, the numerator of which is the amount to be paid by Lessee for such portion under the Facility 2 Purchase Agreement and the denominator of which is the Outstanding Lease Amount under Facility 2 immediately prior to such payment.

Appears in 1 contract

Sources: Participation Agreement (Novellus Systems Inc)

Partial Purchase. Head Lessor hereby grants to Head Lessee (or its assignee) the right to purchase a portion of the Facility 2 1 Property at any time upon one (1) months' prior written notice following any exercise by Lessee of the Partial Purchase Option pursuant to the Facility 2 1 Purchase Agreement. If Head Lessee exercises the purchase option under this Subparagraph 6.01(b), (i) Head Lessee may purchase the portion of the Facility 2 1 Property for which Lessee is exercising the Partial Purchase Option and (ii) Head Lessee shall pay a purchase price for such portion in an amount (the "Head Lease Partial Purchase Option Price") equal to the product of (A) $1,000.00 times (B) a fraction, the numerator of which is the amount to be paid by Lessee for such portion under the Facility 2 1 Purchase Agreement and the denominator of which is the Outstanding Lease Amount under Facility 2 1 immediately prior to such payment.

Appears in 1 contract

Sources: Participation Agreement (Novellus Systems Inc)