Common use of End of Term Purchase Option Clause in Contracts

End of Term Purchase Option. To elect this option, you shall give Lessor 60 days’ prior irrevocable written notice (unless the Purchase Option price is $1.00) that you will purchase, upon the expiration of the Lease Term, all the Listed Items at the Purchase Option price plus any Costs. (b) PRIOR TO MATURITY PURCHASE. You may, upon 60 days’ prior irrevocable written notice, purchase all the Listed Items at a price equal to the sum of all remaining Payments, plus the Fair Market Value, plus Costs. For purposes of this Agreement, “Fair Market Value” shall be Lessor’s retail price at the time you notify Lessor of your intent to purchase the Listed Items.

End of Term Purchase Option. To elect this option, you shall give Lessor 60 days’ prior irrevocable written notice (unless the Purchase Option price is $1.00) that you will purchase, upon the expiration of the Lease Term, all the Listed Items at the Purchase Option price plus any Costs. (b) PRIOR TO MATURITY PURCHASE. You may, at any time, upon 60 days’ prior irrevocable written notice, purchase all the Listed Items at a price equal to the sum of all remaining Payments, plus the Fair Market Value, plus Costs. For purposes of this Agreement, “Fair Market Value” shall be Lessor’s retail price at the time you notify Lessor of your intent to purchase the Listed Items.