END OF LEASE PURCHASE OPTION. (a) On the Expiration Date (specified in Annex B), Lessee may, so long as no default exists hereunder and this Lease has not been earlier terminated, purchase the Aircraft on an AS IS BASIS for cash equal to its then Fair Market Value (plus all applicable sales taxes). Lessee must give Lessor at least ninety (90) days, but not more than one hundred eighty (180) days, prior written notice of its intent to purchase.
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Samples: Aircraft Lease Agreement (Restaurant Co), Aircraft Lease Agreement (Smart Choice Automotive Group Inc)
END OF LEASE PURCHASE OPTION. (a) On the Expiration Date (specified in Annex B), Lessee may, so long as no default Event of Default by Lessee exists hereunder and is continuing and this Lease has not been earlier terminated, purchase the Aircraft on an AS IS BASIS for cash equal to its then Fair Market Value (plus all applicable sales taxes). Lessee must give Lessor at least ninety (90) days, but not more than one hundred eighty (180) days, prior written notice of its intent to purchase.
Appears in 1 contract
END OF LEASE PURCHASE OPTION. (a) On the Expiration Date (specified in Annex B), Lessee may, so long as no default has occurred and is continuing exists hereunder and this Lease has not been earlier terminated, purchase the Aircraft on an AS IS BASIS for cash equal to its then Fair Market Value (plus all applicable sales taxes). Lessee must give Lessor at least ninety (90ninety(90) days, but not more than one hundred eighty (180) days, prior written notice of its intent to purchase.
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Samples: Aircraft Lease Agreement (Terayon Communication Systems)
