Early Buyout Option Sample Clauses
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Early Buyout Option. Lessor hereby grants to Lessee the option, exercisable only as provided herein, to purchase all but not less than all Equipment leased pursuant to each Schedule prior to the expiration of the Term for such Schedule, subject to the following: (a) so long as no Event of Default, or event which with notice, lapse of time or both would become an Event of Default shall have occurred, Lessee shall have the right at its option to purchase all, but not less than all, Equipment leased pursuant to each Schedule (the “EBO Equipment”) on the Fifth (5th) and Seventh (7th) anniversaries of the Base Term Commencement Date (each an “EBO Date”); provided, however, that Lessee shall have given at least ninety (90) days but not more than one hundred fifty (150) days prior written notice (which notice shall be irrevocable without Lessor’s written consent) to Lessor; (b) on the EBO Date: (i) Lessee shall pay to Lessor an amount equal to: (A) Seventy-Five Percent (75%) of the Lessor’s Cost set forth on the Schedule in the event the EBO Date is the Fifth anniversary of the Base Term Commencement Date or Fifty-Six Percent (56%) of the Lessor’s Cost set forth on the Schedule in the event the EBO Date is the Seventh anniversary of the Base Term Commencement Date; plus (B) all other amounts due under such Schedule with respect to the EBO Equipment, including the Rent payment due on the EBO Date and applicable Taxes and other amounts due or payable with respect to such sale and (ii) Lessor shall sell such Equipment for cash to Lessee, AS IS, WHERE IS, without recourse or warranty (except that Lessor has whatever title (if any) to the Equipment that was conveyed to it by the Vendor free of any security interest arising solely by reason of a claim against Lessor that Lessee is not responsible to remove pursuant to this Lease). Provided that Lessee has complied with all obligations contained herein, such Schedule shall be deemed terminated on the EBO Date and Lessee shall have no further obligations to pay Rent thereunder. Notwithstanding anything to the contrary herein, Lessee hereby agrees that: (1) Lessee’s exercise of the Early Buyout Option under this Section 5.1 with respect to Equipment leased pursuant to one Schedule shall be automatically deemed to be an election of its Early Buyout Option to purchase all Equipment leased under all other Schedules to this Master Lease at the same EBO Date (Fifth or Seventh anniversary, as applicable) for such other Schedules in accordance with ...
Early Buyout Option. At any time after the first rental payment is made, the Renter may exercise the early buyout option described herein to acquire ownership of the property, provided that all payments required by the Agreement are current and the Agreement has not been terminated by default. The renter shall pay the balance of the Rent-To-Own price due, less 20%, and less the remaining optional maintenance plan fees.
Early Buyout Option. Lessee, if not then in default hereunder and -------------------- upon at least ninety (90) days prior written notice to Lessor, shall have the option to on either the 78/th/ month anniversary or the 108/th/ month anniversary of the Basic Lease Term Commencement Date for the Aircraft purchase such Aircraft for the applicable purchase price as set forth in the following table (plus sales taxes due on the purchase, if any, Rent, and any other amounts due and owing to Lessor hereunder and subject to appraisal confirmation): Anniversary Date Purchase Price Amount ---------------- --------------------- 78/th/ month 71.0% of Lessor's Cost 108/th/ month 55.67% of Lessor's Cost If Lessee elects to exercise the second early buyout option on the 108/th/ month anniversary of the Basic Lease Term, Lessor shall adjust the Purchase Price Amount to take into consideration the recalculation of the Basic Rent, as described in Section 1(d). If Lessee shall fail to exercise the purchase option on either anniversary date described in Subsection (i) immediately above, then Lessor shall have the right to update Schedule A with respect to the remaining rental payments.
Early Buyout Option. The Purchaser shall have the option of early buyout within one year of execution for a cash payment of $750,000 and 750,000 shares.
Early Buyout Option. Following the sixtieth (60th) month of the term of this Lease (Date) and provided no Event of Default shall have occurred and be continuing, Lessee shall have an option to purchase all but not less than all Units, free and clear of the lien of this Lease by delivering a payment to Lessor in an amount equal to $13,882,672 [*CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT.]
Early Buyout Option. So long as no Default shall have occurred and be continuing, Lessee shall have the option to purchase all, but not less than all, of the Equipment on the dates which are 36 and 108 months after the Rent Commencement Date (the “EBO Dates”) respectively at a price (the “EBO Price”) equal to 92.43% of the Total Cost of the Equipment for the first date and 65.97% of the Total Cost of the Equipment for the second date, plus, in each case, any applicable sales taxes (the “Early Purchase Option”).
Early Buyout Option. At its option beginning with the fourth (4th) month following the Rent Commencement Date, Lessee may purchase all of the Product in its then "as is" condition at its location when the option is exercised. Except for leases with Fair Market Value purchase options, the purchase price shall be determine from the referenced Early Buyout Schedule. The early buyout purchase price for leases with Fair Market Value purchase options shall be such that Lessor's projected yield from the lease shall be preserved.
Early Buyout Option. On and after February 1, 2008, Lessee may purchase all (but not less than all) of the Leased Property on the purchase date specified by Lessee for a price equal to the Option Price as of such date. Upon payment by Lessee of the Option Price for the Leased Property pursuant to this Section 35(c), together with all rent for the Leased Property then due hereunder, all obligations of Lessee hereunder to pay rent for the Leased Property, and the Term, shall terminate. Not earlier than twenty-four (24) months and not later than fifteen (15) months prior to the date specified for the purchase of the Leased Property,
Early Buyout Option. So long as no Event of Default has occurred and is continuing, Lessee has one (1) early purchase option at the end of the sixtieth (60th) month. Upon receipt of the sixtieth (60th) monthly rental payment, Lessee has the option to purchase the Equipment described herein by paying Lessor 46.5% of the original Equipment Cost.
Early Buyout Option. In accordance with paragraph 11 of the Supplement referenced above, Lessee may purchase all (but not less than all) of the Equipment on the last day of the seventy-second (72nd) month of the base term for a purchase price equal to thirty-five percent (35%) of the Equipment Cost.