Common use of Repurchase of Subscription Units Clause in Contracts

Repurchase of Subscription Units. Subscriber may sell any or all of his or her Subscription Units to the Cooperative at surrender value to be determined according to the number of years elapsed from the commercial operation date to the time of repurchase. During years 0-3 of the Term, the Cooperative shall repurchase Subscription Units based on the Purchase Price less 15% depreciation per year. Subscription Units repurchased in years 4-15 of the Term shall be depreciated an additional 3.2 % per year or partial year. Subscription Units surrendered after year 15 of the Term shall have no surrender value. For example, at a purchase price of $639.00, a Subscription Unit repurchased during year 2 of the Term shall be depreciated by 30%, or $191.70, for a repurchase price of $447.30. A Subscription Unit repurchased during year 10 of the Term shall be depreciated by 67.4% (3 years @15% plus 7 years @ 3.2%), or $430.69, for a repurchase price of $208.31.

Repurchase of Subscription Units. Subscriber may sell any or all of his or her Subscription Units to the Cooperative at a surrender value to be determined according to the number of years elapsed from the commercial operation start-up date to the time of repurchase. During years 01-3 of the Term, the Cooperative shall repurchase Subscription Units based on the Purchase Price less 15% depreciation per year. Subscription Units repurchased in years 4-15 20 of the Term shall be depreciated an additional 3.2 % per year or partial year. Subscription Units surrendered after year 15 in years 21-25 of the Term shall have no surrender value. For example, at a purchase price of $639.00500.00, a Subscription Unit repurchased during year 2 of the Term shall be depreciated by 30%, or $191.70150.00, for a repurchase price of $447.30350.00. A Subscription Unit repurchased during year 10 of the Term shall be depreciated by 67.4% (3 years @15% plus 7 years @ 3.2%), or $430.69337.00, for a repurchase price of $208.31163.00.

Repurchase of Subscription Units. Subscriber may sell any or all of his or her Subscription Units to the Cooperative at a surrender value to be determined according to the number of years elapsed from the commercial operation start-up date to at the time of repurchase. During years 0Years 1-3 of the Term, the Cooperative shall repurchase Subscription Units based on the Purchase Price less 15% depreciation per year. Subscription Units repurchased in years Years 4-15 25 of the Term shall be depreciated an additional 3.2 3.2% per year or partial year. Subscription Units surrendered after year 15 of the Term shall have no surrender value. For example, at a purchase price of $639.00945.00, a Subscription Unit repurchased during year Year 2 of the Term shall be depreciated by 30%, or $191.70283.50, for a repurchase price of $447.30661.50. A Subscription Unit repurchased during year Year 10 of the Term shall be depreciated by 67.463% (3 years @15@ 15% plus 7 years @ 3.2%), or $430.69636.93, for a repurchase price of $208.31308.07.

Repurchase of Subscription Units. Subscriber may sell any or all of his or her Subscription Units to the Cooperative at a surrender value to be determined according to the number of years elapsed from the commercial operation start-up date to at the time of repurchase. During years 0Years 1-3 of the Term, the Cooperative shall repurchase Subscription Units based on the Purchase Price less 15% depreciation per year. Subscription Units repurchased in years Years 4-15 25 of the Term shall be depreciated an additional 3.2 3.2% per year or partial year. Subscription Units surrendered after year 15 of the Term shall have no surrender value. For example, at a purchase price of $639.00940.00, a Subscription Unit repurchased during year Year 2 of the Term shall be depreciated by 30%, or $191.70282.00, for a repurchase price of $447.30658.00. A Subscription Unit repurchased during year Year 10 of the Term shall be depreciated by 67.4% (3 years @15@ 15% plus 7 years @ 3.2%), or $430.69633.56, for a repurchase price of $208.31306.44.

Repurchase of Subscription Units. Subscriber may sell any or all of his or her Subscription Units to the Cooperative at a surrender value to be determined according to the number of years elapsed from the commercial operation in-service date to the time of repurchase. During years 0Years 1-3 of the Term, the Cooperative shall repurchase Subscription Units based on the Purchase Price less 15% depreciation per yearyear of the Term. Subscription Units repurchased surrendered in years Years 4-15 20 of the Term shall be depreciated an additional 3.2 3.2% per year or partial year. Subscription Units surrendered after year 15 of the Term in Years 21-25 shall have no surrender value. For example, at a if the purchase price of is $639.00886.00, a Subscription Unit repurchased surrendered during year Year 2 of the Term shall be depreciated by 30%, or $191.70265.80, for a repurchase price of $447.30620.20. A Subscription Unit repurchased surrendered during year Year 10 of the Term shall be depreciated by 67.4% (3 years @15@ 15% plus 7 years @ 3.2%), or $430.69597.17, for a repurchase price of $208.31288.83.

Repurchase of Subscription Units. Subscriber may sell any or all of his or her Subscription Units to the Cooperative at a surrender value to be determined according to the number of years elapsed from the commercial operation in-service date to the time of repurchase. During years 0Years 1-3 of the Term, the Cooperative shall repurchase Subscription Units based on the Purchase Price less 15% depreciation per yearyear of the Term. Subscription Units repurchased surrendered in years Years 4-15 20 of the Term shall be depreciated an additional 3.2 3.2% per year or partial year. Subscription Units surrendered after year 15 of the Term in Years 21-25 shall have no surrender value. For example, at a if the purchase price of is $639.00610.00, a Subscription Unit repurchased surrendered during year Year 2 of the Term shall be depreciated by 30%, or $191.70183.00, for a repurchase price of $447.30427.00. A Subscription Unit repurchased surrendered during year Year 10 of the Term shall be depreciated by 67.4% (3 years @15@ 15% plus 7 years @ 3.2%), or $430.69411.14, for a repurchase price of $208.31198.86.

Repurchase of Subscription Units. Subscriber may sell any or all of his or her Subscription Units to the Cooperative at a surrender value to be determined according to the number of years elapsed from the commercial operation in-service date to the time of repurchase. During years 0Years 1-3 of the Term, the Cooperative shall repurchase Subscription Units based on the Purchase Price less 15% depreciation per yearyear of the Term. Subscription Units repurchased surrendered in years Years 4-15 20 of the Term shall be depreciated an additional 3.2 3.2% per year or partial year. Subscription Units surrendered after year 15 of the Term in Years 21-25 shall have no surrender value. For example, at a if the purchase price of is $639.00800.00, a Subscription Unit repurchased surrendered during year Year 2 of the Term shall be depreciated by 30%, or $191.70240.00, for a repurchase price of $447.30560.00. A Subscription Unit repurchased surrendered during year Year 10 of the Term shall be depreciated by 67.4% (3 years @15@ 15% plus 7 years @ 3.2%), or $430.69539.20, for a repurchase price of $208.31260.80.

Repurchase of Subscription Units. Subscriber may sell any or all of his or her Subscription Units to the Cooperative at a surrender value to be determined according to the number of years elapsed from the commercial operation in-service date to the time of repurchase. During years 0Years 1-3 of the Term, the Cooperative shall repurchase Subscription Units based on the Purchase Price less 15% depreciation per yearyear of the Term. Subscription Units repurchased surrendered in years Years 4-15 20 of the Term shall be depreciated an additional 3.2 3.2% per year or partial year. Subscription Units surrendered after year 15 of the Term in Years 21-25 shall have no surrender value. For example, at a if the purchase price of is $639.00842.00, a Subscription Unit repurchased surrendered during year Year 2 of the Term shall be depreciated by 30%, or $191.70252.60, for a repurchase price of $447.30599.40. A Subscription Unit repurchased surrendered during year Year 10 of the Term shall be depreciated by 67.4% (3 years @15@ 15% plus 7 years @ 3.2%), or $430.69567.51, for a repurchase price of $208.31274.49.

Repurchase of Subscription Units. Subscriber may sell any or all of his or her Subscription Units to the Cooperative at a surrender value to be determined according to the number of years elapsed from the commercial operation in-service date to the time of repurchase. During years 0Years 1-3 of the Term, the Cooperative shall repurchase Subscription Units based on the Purchase Price less 15% depreciation per yearyear of the Term. Subscription Units repurchased surrendered in years Years 4-15 20 of the Term shall be depreciated an additional 3.2 3.2% per year or partial year. Subscription Units surrendered after year 15 of the Term in Years 21-25 shall have no surrender value. For example, at a if the purchase price of is $639.00710.00, a Subscription Unit repurchased surrendered during year Year 2 of the Term shall be depreciated by 30%, or $191.70213.00, for a repurchase price of $447.30497.00. A Subscription Unit repurchased surrendered during year Year 10 of the Term shall be depreciated by 67.4% (3 years @15@ 15% plus 7 years @ 3.2%), or $430.69478.54, for a repurchase price of $208.31231.46.

Repurchase of Subscription Units. Subscriber may sell any or all of his or her Subscription Units to the Cooperative at a surrender value to be determined according to the number of years elapsed from the commercial operation in-service date to the time of repurchase. During years 0Years 1-3 of the Term, the Cooperative shall repurchase Subscription Units based on the Purchase Price less 15% depreciation per yearyear of the Term. Subscription Units repurchased surrendered in years Years 4-15 20 of the Term shall be depreciated an additional 3.2 3.2% per year or partial year. Subscription Units surrendered after year 15 of the Term in Years 21-25 shall have no surrender value. For example, at a if the purchase price of is $639.00755.00, a Subscription Unit repurchased surrendered during year Year 2 of the Term shall be depreciated by 30%, or $191.70226.50, for a repurchase price of $447.30528.50. A Subscription Unit repurchased surrendered during year Year 10 of the Term shall be depreciated by 67.4% (3 years @15@ 15% plus 7 years @ 3.2%), or $430.69508.87, for a repurchase price of $208.31246.13.

Repurchase of Subscription Units. Subscriber may sell any or all of his or her Subscription Units to the Cooperative at a surrender value to be determined according to the number of years elapsed from the commercial operation in-service date to the time of repurchase. During years 0Years 1-3 of the Term, the Cooperative shall repurchase Subscription Units based on the Purchase Price less 15% depreciation per yearyear of the Term. Subscription Units repurchased surrendered in years Years 4-15 20 of the Term shall be depreciated an additional 3.2 3.2% per year or partial year. Subscription Units surrendered after year 15 of the Term in Years 21-25 shall have no surrender value. For example, at a if the purchase price of is $639.00930.00, a Subscription Unit repurchased surrendered during year Year 2 of the Term shall be depreciated by 30%, or $191.70279.00, for a repurchase price of $447.30651.00. A Subscription Unit repurchased surrendered during year Year 10 of the Term shall be depreciated by 67.4% (3 years @15@ 15% plus 7 years @ 3.2%), or $430.69626.82, for a repurchase price of $208.31303.18.