Early Purchase Option definition

Early Purchase Option means the State's option to purchase all of Lessor's right, title and interest in and to, all Equipment leased under any Lease, or any lesser portion thereof specified by the State, as provided in Section 12.

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Early Purchase Option means the purchase option provided the Lessee in Section 22.1 of the Lease.

Early Purchase Option. As long as no event of default exists or will exist given the passage of time or the giving of notice or both, Lessee will, with ninety (90) days prior written notice, have the option to purchase all, but not less than all, of the Equipment under this Rental Schedule on October 9, 2002 (the "Early Purchase Date") by paying Lessor an amount equal to ($376,878.87) (30% of the Acquisition Cost of the Equipment) plus all other amounts then due and payable under the Rental Schedule as of the Early Purchase Date. Such Early Purchase Option purchase amount includes consideration to Lessor for Lessee's recapture of the tax benefits.

Examples of Early Purchase Option in a sentence

If Lessee exercises its Early Purchase Option and the Basic Rent Adjustment is negative and Lessee pays all other amounts due in relation to such exercise, then Lessee shall pay an amount equal to the Early Purchase Price less the absolute value of the amount of such Basic Rent Adjustment listed on Schedule 6 to the Participation Agreement in respect of the purchased Units (as a rebate of Basic Rent and not as a reduction in the applicable Early Purchase Price).
If the property is lost or destroyed, your liability will not be greater than the Early Purchase Option calculated at the time of loss or destruction.
If Lessee exercises the Early Purchase Option and the Basic Rent Adjustment is positive, Lessee shall pay an amount equal to the Early Purchase Price plus the Basic Rent Adjustment in respect of such purchased Units (as a payment of additional Basic Rent).
If Lessee exercises its Early Purchase Option and the Basic Rent Adjustment is negative and Lessee pays all other amounts due in relation to such exercise, then Lessee shall pay an amount equal to the Early Purchase Price less the absolute value of the amount of such Basic Rent Adjustment listed on Schedule 6 to the Participation Agreement (as a rebate of such Basic Rent and not as a reduction in Early Purchase Price).
If Lessee exercises the Early Purchase Option and the Basic Rent Adjustment is positive, Lessee shall pay an amount equal to the Early Purchase Price plus the Basic Rent Adjustment (as a payment of accrued, but unpaid Basic Rent and not an increase in the Early Purchase Price).

More Definitions of Early Purchase Option

Early Purchase Option means the Lessee's option to purchase a Property in accordance with the provisions of Section 18.1 of the Master Lease.

Early Purchase Option. Option Date: N/A. Option Price $N/A.

Early Purchase Option. Option Date No. 1) January 2, 2007. Option Date No. 2) January 2, 2011) Option Price No. 1) $16,596,634.32 Option Price No. 2) $ 14,009,092.98

Early Purchase Option. Any time after 90 days from delivery of the Property you will own the Property when you pay to us, in a lump sum payment, all past due payments and fees and an amount equal to the Cash Price minus 45% of all periodic rental payments you have already made. If you have not exercised either of these options see § 5 for additional information. Applicable sales tax will be added to all payments.

Early Purchase Option shall have the meaning specified in Section 15.1 of the Network Lease.

Early Purchase Option shall have the meaning set forth in Section 7 ---------------------- --------- hereof.

Early Purchase Option. Option Date: 84 months from the Basic Term Commencement Date Option Price: $4,246,830.00 14. Expiration Date: November 11, 2013 15. Daily Lease Rate Factor: 84 @ .00020457; 96 @.00024719. 16. Basic Term Lease Rate Factor: Factor Rental No. .00613714 1-84 .00741571 85-180