Purchasing the System Clause Samples
Purchasing the System. You may purchase the System at any time for the fair market value, which considers then current prices and the System’s age and degradation. Tesla will provide you with a purchase price, which may include any past-due payments (if applicable), upon your request to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇.▇▇▇.
Purchasing the System. [[Prior to the End of the Term]]. In addition to having the option to purchase the System at the end of the Term, you have the option to purchase the System prior to the end of the Term as detailed below. To exercise this option you must be in good standing under this Power Purchase Agreement and you need to give us at least one (1) month’s, but not more than three (3) months’ prior written notice. You can purchase this System:
(i) on the five (5) year anniversary of the beginning of the Term [[and every annual anniversary after the five (5) year anniversary]]; and
(ii) at any time after the five (5) year anniversary of the beginning of the Term, when you sell your Home; and
(iii) if [Provider] ever ceases its operations and fails to provide for a substitute provider. [[In each of (i), (ii) and (iii) above, the price you will pay for the System will be the System’s fair market value (“FMV”). The interests of any financing party shall not be taken into account when determining the FMV; a third party independent appraiser will be retained to compute the System’s FMV]]. [Provider’s] maintenance and repair obligations under the Limited Warranty (Exhibit 2) will [[continue/end]] when you purchase the System until what would have been the end of the original Term.
Purchasing the System. In addition to having the option to purchase the System at the end of the Term, you have the option to purchase the System prior to the end of the Term as detailed below. To exercise this option you must be in good standing under this Power Purchase Agreement and you need to give us at least one (1) month’s, but not more than three (3) months’ prior written notice. You can purchase this System:
(i) on the five (5) year anniversary of the beginning of the Term and every annual anniversary after the five (5) year anniversary; and
(ii) at any time after the five (5) year anniversary of the beginning of the Term, when you sell your Home; and
(iii) if Suncrest Solar ever ceases its operations and fails to provide for a substitute provider. In each of (i), (ii) and (iii) above, the price you will pay for the System will the greater of (a) the amount set forth in the Agreement Amendment for the year in which the purchase is requested and (b) the System’s fair market value as determined by an independent appraiser. Suncrest Solar’s maintenance and repair obligations under the Limited Warranty (Exhibit 2) will end when you purchase the System.