Common use of Extension; Purchase Clause in Contracts

Extension; Purchase. (i) Provided no Event of Default has occurred and then remains uncured, and upon Lessee having provided Lessor with written notice not more than 360 days or less than 120 days prior to expiration of the Base Term, Lessee may irrevocably elect to purchase all of Lessor’s right, title and interest in and to all, but not less than all, of the Units under this Schedule for a purchase price equal to thirty percent (30%) of Lessor’s Cost for all Units, plus all Rent installments, late charges and other amounts then due and owing under this Lease; plus all applicable taxes, assessments and other charges due or payable in connection with the sale of the Units (collectively, the “Purchase Price”), payable in immediately available funds on the last day of the Base Term.

Extension; Purchase. (i) Provided no Event of Default has occurred and then remains uncured, and upon Lessee having provided Lessor with written notice not more than 360 days or less than 120 days prior to expiration of the Base Term, Lessee may irrevocably elect to purchase all of Lessor’s right, title and interest in and to all, but not less than all, of the Units under this Schedule for a purchase price equal to thirty twenty percent (3020%) of Lessor’s Cost for all Units, plus all Rent installments, late charges and other amounts then due and owing under this Lease; plus all applicable taxes, assessments and other charges due or payable in connection with the sale of the Units (collectively, the “Purchase Price”), payable in immediately available funds on the last day of the Base Term.

Extension; Purchase. (i) Provided no Event of Default has occurred and then remains uncured, and upon Lessee having provided Lessor with written notice not more than 360 days or less than 120 days prior to expiration of the Base Term, Lessee may irrevocably elect to purchase all of Lessor’s right, title and interest in and to all, but not less than all, of the Units under this Schedule for a purchase price equal to thirty thirty-nine percent (3039%) of Lessor’s Cost for all Units, plus all Rent installments, late charges and other amounts then due and owing under this Lease; plus all applicable taxes, assessments and other charges due or payable in connection with the sale of the Units (collectively, the “Purchase Price”), payable in immediately available funds on the last day of the Base Term.