Early Buyout. Facility Operator may satisfy the entire royalty obligation to the Energy Commission without a pre-payment penalty, as an alternative to annual Net Royalties and Net Revenues payments under Paragraph B. If an amount equal to one and a half (1.5) times the amount of funds paid by the Energy Commission under the Agreement is paid to the Energy Commission in a single year within five (5) years of the Agreement’s end date, then Facility Operator will have no continuing obligations under Paragraph B of this Exhibit.
Early Buyout. The DOE shall ensure that the Facility Operator provides in its license contract the option of having Licensees pay their entire royalty obligation to the Sponsor without a pre-payment penalty, provided such Licensee makes the payment within two years from the date on which royalties are first due to the Sponsor, in the lump sum amount equal to two (2) times the amount of Sponsor’s funds expended under this Agreement.
Early Buyout. If you wish to take ownership of the Bike prior to the end of the Rent-to-Buy Period, Bolt Bikes may agree (in its absolute discretion) to an early transfer subject to such further terms and fees as Bolt Bikes specifies.
Early Buyout. Contractor has the option of paying its royalty obligations to Commission without a pre-payment penalty, provided Contractor makes the payment within two years from the date at which royalties are first due to Commission, in the lump sum amount equal to two (2) times the amount of funds drawn down on the contract.
Early Buyout. The Company agrees to pay the Manager the following amounts (each, a “Buyout Payment”):
Early Buyout. In the event that Basic Rent shall be increased or Lessee shall be obligated to make a lump sum payment to Lessor pursuant to Section 19(c), and so long as no Event of Default shall have occurred and be continuing hereunder, Lessee shall have the right at its option on any Early Buyout Date specified on the Related Exhibit A for any Item, on at least ninety (90) days' prior written notice to Lessor, to terminate this Lease with respect to all, but not less than all, of the Items of Equipment then leased hereunder and subject to said Related Exhibit A, with such termination to be effective on the Early Buyout Date specified in said Related Exhibit A. On such Early Buyout Date (but in no event prior to Lessor's receipt of the amounts specified in the next succeeding sentence), Lessor shall, without recourse or warranty (except as to the absence of Liens granted or placed thereon by Lessor or any Assignee pursuant to Section 14(c)), sell the Equipment on an "as-is", "where-is" basis for cash to Lessee, and Lessee shall pay to Lessor the sum of the amounts specified in the following sub-clauses (i) through (v): (i) the aggregate Basic Rent due and payable for all of the Equipment on the Early Buyout Date, plus (ii) all accrued and unpaid Interim Rent and Basic Rent owing for each Item of Equipment for all Rental Periods prior to the Rental Period for which the Basic Rent payment specified in the preceding sub-clause (i) is payable, plus (iii) the Early Buyout Value of such Item of Equipment as of such Early Buyout Date, plus (iv) any sales or excise taxes on or measured by such early buyout (other than gross or net income taxes attributable to such sale), plus (v) all accrued and unpaid Supplemental Payments owing by Lessee as of the Early Buyout Date. Until payment of the amounts set forth in the next preceding sentence as aforesaid, this Lease (including the provisions of this Section 12A) shall continue in full force and effect with respect to the Equipment. In the event of any such sale and the receipt by Lessor of the amounts described above, and upon compliance by Lessee with the provisions of this Section 12A, the obligations of Lessee to pay Basic Rent hereunder with respect to each Item of Equipment so sold shall cease for any Rental Period that commences on or after the Early Buyout Date and the Term with respect to each such Item shall end effective as of the Early Buyout Date. Lessor shall be under no duty to take any action in connection with any ...
Early Buyout. After Seller has purchased an Early Buyout, Seller shall include a notation of such Early Buyout in the monthly report delivered to Buyer as set forth in Section 13(d)(iv) hereof. All Mortgage Loans subject to an Agency Claim Process shall designate the Seller on the electronic submission to HUD as payee. Upon receipt of proceeds by Seller in Seller’s HUD designated account, Seller shall transfer funds into the Collection Account within [***], as more particularly set forth in Section 5(b) hereof.
Early Buyout. The Lessee shall have the right to terminate any Schedule hereunder early and buyout the equipment on such Schedule by delivering an amount in cash equal to the present value of monies to be paid by the Lessee during the remaining term of such Lease Schedule or any successive periods then in effect assuming an end of lease buyout payment of fifteen percent (15%) of the original amount of such Lease Schedule, calculated by discounting at the rate of eight percent (8.0%) per annum compounded monthly. In the event, the Lessee exercises such early buyout provision, the Lessor agrees to issue a bxxx of sale and transfer all right and title to such equipment to the Lessee after receipt of payment therefor.
Early Buyout. Pannonian may buy out the Service Parties' entitlement to future Deferred Payments at any time after the termination of this Agreement, although it must first provide at least thirty (30) days advance written notice to the Service Parties of its intention to do so ("Early Buyout Notice"). Upon exercise of the early buyout, each Service Party shall release its right to receive future Deferred Payments and terminate any mortgage or lien it then holds in the Contract Area securing such Deferred Payments upon payment by Pannonian to each Service Party of an amount equal to two hundred fifty percent (250%) of the Service Party's Expenditures for all Bundles, less any Deferred Payments that have been made to such Service Party through the date of the early buyout exercise.
Early Buyout. Contractor has the option of paying its royalty obligations to Energy Commission without a pre-payment penalty, provided Contractor makes the royalty payment within two (2) years from the date at which royalties are first due to the Energy Commission. Royalty payment must be in a lump sum amount equal to two (2) times the amount of funds drawn down on the Agreement. Contractor agrees not to make any Sale, license, lease, gift or other transfer of any Project-Related Products and Rights with the intent of, or for the purpose of, depriving Energy Commission of royalties hereunder. Generally, this means that Contractor will not make any Sale, license, lease or other transfer of Project-Related Products and Rights for consideration other than fair market value. Further, Contractor agrees that such activity constitutes breach of this Agreement and that Contractor agrees to repay within sixty (60) days the amount due under C above (Early Buyout). Contractor acknowledges that a late payment of royalties owed to the Energy Commission will cause the Energy Commission to incur costs not contemplated by the parties. If a royalty payment is not paid when due, Contractor agrees to pay the Energy Commission a late fee equal to two percent (2%) of the payment due. Additionally, Contractor agrees that royalty payments not paid within fifteen (15) days of the due date shall thereupon become debt obligations of Contractor to the Energy Commission, due upon demand and bearing interest at the maximum interest rate allowed by law. Contractor shall maintain separate accounts within its financial and other records for purposes of tracking components of Sales and royalties due to Energy Commission under this Agreement. Payments to Energy Commission are subject to audit as provided for under the Recordkeeping, Cost Accounting and Auditing clause. In the event of default hereunder, Energy Commission shall be free to exercise all rights and remedies available to it herein, and under law and at equity. The Contractor’s failure to pay when due, any amount due and payable shall cause default under this Agreement.
