Common use of EARLY PURCHASE OPTION Clause in Contracts

EARLY PURCHASE OPTION. (a) Provided that the Lease has not been earlier terminated and provided, further that Lessee is not in default under the Lease or any other agreement between Lessor and Lessee, Lessee may, UPON AT LEAST 30 DAYS BUT NOT MORE THAN 270 DAYS PRIOR WRITTEN NOTICE TO LESSOR OF LESSEE'S IRREVOCABLE ELECTION TO EXERCISE SUCH OPTION, purchase all (but not less than all) of the Equipment listed and described in any Schedule on an AS IS BASIS on any Rent Payment Date following the First Termination Date as set forth in such Schedule, and prior to the date which is the scheduled expiration of such Schedule (the "Early Purchase Date"), for a price equal to the sum of (i) the Termination Value (calculated as of the Early Purchase Date) for the Equipment, and (ii) all rent and other sums due and unpaid as of the Early Purchase Date (such sum being the "Early Option Price"), plus all applicable sales taxes. (The purchase option granted by this subsection shall be referred to herein as the "Early Purchase Option".)

EARLY PURCHASE OPTION. (a) Provided that the Lease has not been earlier terminated and provided, provided further that than Lessee is not in default under the Lease or any other agreement between Lessor and Lessee, . Lessee may, UPON AT LEAST 30 DAYS BUT NOT NO MORE THAN 270 DAYS PRIOR WRITTEN NOTICE TO LESSOR OF LESSEE'S IRREVOCABLE ELECTION TO EXERCISE SUCH OPTION, purchase all (but not less than all) of the Equipment listed and described in any Schedule on an AS IS BASIS this schedule on any Rent Payment Date following the First Termination Date as set forth in such this Schedule, and prior to the date which is the scheduled expiration of such Schedule this Lease, (the "Early Purchase Date"), ) for a price equal to the sum of (i) the Termination Value (calculated as of the Early Purchase Date) for the Equipment, and (ii) all rent and other sums due and unpaid as of the Early Purchase Date (such sum being the "Early Option Price"), plus all applicable sales taxestaxes on an AS IS BASIS. (The purchase option granted by this subsection shall be referred to herein as the "Early Purchase Option"). (b) If Lessee exercises its Early Purchase Option with respect to the Equipment leased hereunder, then on the Early Purchase Date, Lessee shall pay to Lessor any rent and other sums due and unpaid on the Early Purchase Date and Lessee shall pay the Early Option Price, plus all applicable sales taxes, to Lessor in cash.)

EARLY PURCHASE OPTION. (a) Provided that the Lease this Agreement has not been earlier terminated and provided, provided further that Lessee is not in default under the Lease this Agreement or any other agreement between Lessor and Lessee, . Lessee may, UPON AT LEAST 30 DAYS BUT NOT NO MORE THAN 270 DAYS PRIOR WRITTEN NOTICE TO LESSOR OF LESSEE'S IRREVOCABLE ELECTION TO EXERCISE SUCH OPTION, purchase all (but not less than all) of the Equipment listed and described in any Schedule on an AS IS BASIS on any Rent Payment Date following the First Termination Date as set forth in such Schedule, and prior to the date which is the scheduled expiration of such Schedule (the "Early Purchase Date"), ) for a price equal to the sum of (i) the Termination Value (calculated as of the Early Purchase Date) for the Equipment, and (ii) all rent and other sums due and unpaid as of the Early Purchase Date (such sum being the "Early Option Price"), plus all applicable sales taxestaxes on an AS IS BASIS. (The purchase option granted by this subsection shall be referred to herein as the "Early Purchase Option".)