Extension Period Purchase Option definition

Extension Period Purchase Option means in the event that (A) no Purchase Offer or Retirement Offer has been accepted, (B) the Extension Period Commencement Date has occurred but no Extension Period Termination Date has occurred and (C) no Liquidation Notice has been delivered and no Liquidating Event under the Company LLC Agreement has occurred, then either Member may elect, by delivering an Appraisal Notice to the other Member, to cause the Appraised Value of the Class A Membership Interest to be determined, and, if such Appraised Value is at or above an amount specified in the Company LLC Agreement then the Class B Member shall have the right to require the Class A Member to sell to the Class B Member, or its designee, the Class A Member’s entire Class A Membership Interest for a purchase price (the “Extension Period Purchase Price”) specified in the Company LLC Agreement.
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Examples of Extension Period Purchase Option in a sentence

  • If Lessee does not timely exercise either the Purchase Option or the Extension Period Purchase Option, Lessee shall promptly return the Equipment as required by Section 9(b).

  • Lessee may exercise this Extension Period Purchase Option by delivering a written notice of such exercise to Lessor not less than thirty (30) days prior to the date of the expiration of the Extension Period of this Schedule and so long as no Event of Default under the Lease shall have occurred and is continuing as of the date of Lessee's exercise of this Extension Period Purchase Option.

  • Lessee may exercise this Extension Period Purchase Option by delivering a written notice of such exercise to Lessor not less than thirty (30) days prior to the date of the expiration of the Extension Period of this Schedule and so long as no Event of Default under the Lease shall have occurred and is continuing as of the date of Lessee’s exercise of this Extension Period Purchase Option.

  • The date of the expiration of the Extension Period of this Schedule is hereinafter referred to as the "Extended Term Expiration Date." If Lessee exercises the Extension Period Purchase Option as required by this Section 9(d) the closing of the purchase of the Equipment shall take place the first business day following the Extended Term Expiration Date.

  • If Lessee does not timely exercise the Purchase Option granted in Section 9(c) and if Lessee makes each of the Extension Period Payments pursuant to Paragraph 9(a) above, Lessor hereby grants to Lessee an additional option to purchase all, but not less than all, of the Equipment leased pursuant to this Schedule (the "Extension Period Purchase Option") at a purchase price (the "Extended Exercise Price") equal to four percent (4%) of the Total Cost.

  • Bidder is to provide a Certificate from OEM/ authorized organization by the OEM regarding regular supply of technical bulletins, alert service bulletins (ASB), amendments to manuals and other documents throughout the service life of the ATS Radar.

Related to Extension Period Purchase Option

  • Purchase Option Period As defined in Section 9.03(a) hereof.

  • Purchase Option Notice As defined in Section 3.18(e).

  • Second Extension Period means the period commencing on the day following the First Extended Scheduled Maturity Date and ending on the Second Extended Scheduled Maturity Date.

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Purchase Option Price means the amount payable by a Lessee upon the exercise of its option to purchase a related Vehicle which amount equals (a) with respect to a Matured Vehicle, the Contract Residual Value plus any fees, taxes and other charges imposed in connection with such purchase and (b) with respect to a related 2011-1 Vehicle for which the related 2011-1 Lease has been terminated early by the Lessee, the sum of (i) any unpaid Monthly Payments due, (ii) any fees, taxes and other charges imposed in connection with the related Lease, (iii) an early termination fee and (iv) the Actuarial Payoff.

  • Extension Period has the meaning specified in Section 3.12.

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • Grace Period Extension Date means, if:

  • Initial Offering Period means the initial period during which a Series of the Trust will offer its Shares prior to the commencement of investment operations of such Series;

  • Call Option Period has the meaning given to it in Condition 6.04 (Call Option);

  • Renewal Option has the meaning set forth in §12.1.

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Initial Exercise Date shall have the meaning ascribed to such term in the Preamble.

  • Warrant Expiration Date means 5:00 P.M. (New York time) on __________, 2001 or the Redemption Date as defined in Section 8, whichever is earlier; provided that if such date shall in the State of New York be a holiday or a day on which banks are authorized or required to close, then 5:00 P.M. (New York time) on the next following day which in the State of New York is not a holiday or a day on which banks are authorized or required to close. Upon notice to all warrantholders the Company shall have the right to extend the warrant expiration date.

  • Extension Term means the time period defined in §2.C.

  • Option Period means the period during which an Option may be exercised.

  • Resolution Extension Period As defined in Section 2.03(b).

  • New Exercise Date means a new Exercise Date if the Administrator shortens any Offering Period then in progress.

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Optional Redemption Notice Date shall have the meaning set forth in Section 6(a).

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).

  • Optional Redemption Period shall have the meaning set forth in Section 6(a).

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

  • Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:

  • Initial Expiration Date shall have the meaning set forth in Section 1.1(d).