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. 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. 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. Lessee shall have the option to purchase after the payment of the 78TH rental of this Lease, all but not less than all, of the Equipment for an amount equal to $1,360,879.85, together with all taxes and charges payable in full upon sale. Lessor and Lessee agree that the Buyout Price is a reasonable prediction of the Fair Market Value of the Equipment.
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. After ninety (90) days prior written notice to Lessor, provided that no Event of Default exists under the Lease, and further provided that Lessor has received Lessee's seventy-second (72nd) monthly rental payment, Lessee may, on the last day of the seventy-second (72nd) month of the base term, purchase all (but not less than all) of the Equipment for a purchase price equal to 35% of the Equipment Cost as set forth in the applicable Schedule, payable in immediately available funds. Thereupon, the Lessor shall convey the Equipment to the Lessee on an as-is, where-is basis, without representation or warranty whatsoever, except that the Equipment shall be conveyed free and clear of any liens or encumbrances created due to or through the acts or omissions of Lessor. This early buyout option shall be available to Lessee only in the time period set forth in this paragraph 11.
Early Buyout Option. Lessee shall have the option to purchase after the payment of the 36TH rental of this Lease, all but not less than all, of the Equipment for an amount equal to 52.5% of the Equipment Cost, or after the payment of the 48TH rental of this Lease, all but not less than all, of the Equipment for an amount equal to 34.0% of the Equipment Cost, or after the payment of the 54TH rental of this Lease, all but not less than all, of the Equipment for an amount equal to 24.5% of the Equipment Cost; 0 together with all taxes and charges payable in full upon sale. Lessor and Lessee agree that the Buyout Price is a reasonable prediction of the fair Market Value of the Equipment. Lessee FIFTH THIRD BANK, INDIANA (CENTRAL) By: /s/ Xxxxxxx Xxxxxxxx Title: VP Lessor This Exhibit A pertains to an Equipment Schedule A dated NOVEMBER I5, 2002 to a certain Master Lease dated NOVEMBER 15, 2002 between FIFTH THIRD BANK, INDIANA (CENTRAL), Lessor, and BIOANALYTICAL SYSTEMS, INC., Lessee, Two (2) New API 4000# MS/MS System Package with accessories as described on Applied Biosystems Invoice #91625472 dated 4/30/02 0000 XXXX XXXXXX XXXX XXXXXXXXX, XX 00000 TIPPECANOE COUNTY Produce # WC026992 - package only $691,971.00 One (1) Refurbished API3000 Mass Spectrometer with accessories as described on Applied Biosystems Invoice #91687662 dated 6/14/02 Same Product #API3000 $198,352.50 One (1) Refurbished API3000 Mass Spectrometer with accessories as described on Applied Biosystems Invoice #91689457 dated 6/15/02 Same Product #API3000 $199,052.50 This Equipment Lease Rider shall be attached to and the provisions herein shall be incorporated in the terms and provisions of the MASTER EQUIPMENT LEASE between, Bioanalytical Systems, Inc. located at 0000 Xxxx Xxxxxx, X. Xxxxxxxxx, XX 00000 (hereinafter referred to as “Lessee”) and, FIFTH THIRD BANK, INDIANA (CENTRAL), a (an) Indiana corporation (“Lessor”), 000 X. Xxxxxxxx Xx., Xxx 0000, Xxxxxxxxxxxx, XX 00000 (hereinafter referred to as “Lessor”), dated 11-15-02, and Equipment Schedule A, Dated 11-15-02 attached thereto, Lessee and Lessor hereby agree as follows:
