Common use of Purchase Notice Clause in Contracts

Purchase Notice. (a) Subject to Section 17.1 and the terms and conditions of this Section 17.3, Lessee may elect to purchase the Aircraft, on any Purchase Date, at a purchase price equal to the lesser of 50% of Lessor's Cost and the Fair Market Sales Value of the Aircraft computed as of the Purchase Date.

Purchase Notice. (a) Subject to Section 17.1 and the terms and conditions of this Section 17.3, Lessee may elect to purchase the Aircraft, on any Purchase Date, at a purchase price equal to the lesser of 50% of Lessor's Cost (i) the Purchase Price Cap (as defined in Schedule 1 to the Lease) and (ii) the Fair Market Sales Value of the Aircraft computed as of the Purchase Date.

Purchase Notice. (a) Subject to Section 17.1 and the terms and conditions of this Section 17.3, Lessee may elect to purchase the Aircraft, on any Purchase Date, at a purchase price equal to the lesser of 50(i) 61.35% of Lessor's Cost and (ii) the Fair Market Sales Value of the Aircraft computed as of the Purchase Date.

Purchase Notice. (a) Subject to Section (S) 17.1 and the terms and conditions of this Section (S) 17.3, Lessee may elect to purchase the Aircraft, on any Purchase PurchAse Date, at a purchase price equal to the lesser of 50% of Lessor's Cost and the Fair Market Sales Value of the Aircraft computed as of the Purchase Date.

Purchase Notice. (a) Subject to Section 17.1 and the terms and conditions of this Section 17.3, Lessee may elect to purchase the Aircraft, on any Purchase Date occurring on or after the Scheduled Expiration Date, at a purchase price equal to the lesser of 50% of Lessor's Cost and the Fair Market Sales Value of the Aircraft computed as of the Purchase Date.

Purchase Notice. (a) Subject to Section 17.1 and the terms and conditions of this Section 17.3, Lessee may elect to purchase the Aircraft, on any Purchase Date, at a purchase price equal to the lesser of 50% of Lessor's Cost and the Fair Market Sales Value of the Aircraft computed as of the Purchase Date.