Acknowledgement of Cooperative’s Purchase Option. Buyer agrees and understands that Seller shall have the right to purchase the PV System from Contractor pursuant to Article 13 of the EMS Agreement, and that pursuant to Section 8.11 of the Inter-Governmental PDA, Buyer may obligate Seller to exercise its right to purchase the PV System from the Contractor upon expiration of the term of the EMS Agreement. In the event that Seller exercises its right to purchase the PV System from Contractor under the EMS Agreement this Agreement shall continue in full force and effect.
Acknowledgement of Cooperative’s Purchase Option. Host Town agrees and understands that Cooperative shall have a Purchase Option to purchase the PV System under the EMS Agreement (as defined therein). In the event that Cooperative exercises its Purchase Option under the EMS Agreement, this Agreement shall continue in full force and effect.
