Common use of EARLY PURCHASE OPTION Clause in Contracts

EARLY PURCHASE OPTION. Host shall have the option to purchase the Project at intervals listed in Exhibit B, consistent with the greater of either (i) the applicable value identified in Exhibit B or (ii) the Fair Market Value of the System as determined by mutual agreement of Host and Provider; provided, however, if Host and Provider cannot agree to a Fair Market Value within twenty (20) days after Host has exercised its option, the Host and Provider shall select a nationally recognized independent appraiser with experience and expertise in the solar photovoltaic industry acting reasonably and in good faith to determine the Fair Market Value of the Project. If Host desires to exercise this option, it shall within ninety (90) days prior to the Applicable Anniversary Date notify Provider of its election to exercise the option, and on or before such Applicable Anniversary Date shall pay the purchase price to Provider by electronic transfer in immediately available funds to an account designated by Provider.

EARLY PURCHASE OPTION. Host shall have the option to purchase the Project at intervals listed in Exhibit B, consistent with the greater of either (i) the applicable value identified in Exhibit B or (ii) the Fair Market Value of the System as determined by mutual agreement of Host and Provider; provided, however, if Host and Provider cannot agree to a Fair Market Value within twenty (20) days after Host has exercised its option, the Host and Provider Parties shall select a nationally recognized independent appraiser with experience and expertise in the solar photovoltaic industry acting reasonably and in good faith to determine the Fair Market Value of the Project. If Host desires to exercise this option, it shall within no later than ninety (90) days prior to the Applicable Anniversary Date applicable anniversary date notify Provider of its election to exercise the option, and on or before such Applicable Anniversary Date anniversary date shall pay the purchase price to Provider by electronic transfer in immediately available funds to an account designated by Provider.

EARLY PURCHASE OPTION. Host shall have the option to purchase the Project at intervals listed in Exhibit B, consistent with the greater of either (i) the applicable value identified in Exhibit B or (ii) the Fair Market Value of the System as determined by mutual agreement of Host and Provider; provided, however, if Host and Provider cannot agree to a Fair Market Value within twenty (20) days after Host has exercised its option, the Host and Provider Parties shall select a nationally recognized independent appraiser with experience and expertise in the solar photovoltaic industry acting reasonably and in good faith to determine the Fair Market Value of the Project. If Host desires to exercise this option, it shall within no later than ninety (90) days prior to the Applicable Anniversary Date applicable anniversary date notify Provider of its election to exercise the option, and on or before such Applicable Anniversary Date anniversary date shall pay the purchase price to Provider by electronic transfer in immediately available funds to an account designated by Provider.