Lessee's Option to Purchase. Subject to the terms and conditions and provisions set forth in this Article, Lessee shall have the option (the "Purchase Option"), exercisable at any time during the Lease Term on or prior to the tenth Business Day next preceding the Lease Termination Date, to purchase from Lessor Lessor's interest in the Leased Property at the Purchase Option Price. Such option must be exercised by written notice to Lessor and Lender, which exercise shall be irrevocable, and such notice will specify the closing date for Lessee's purchase of the Leased Property, which date shall be (i) not less than ten (10) Business Days or more than 90 calendar days following Lessor's receipt of such notice and (ii) in any event not later than the Lease Termination Date. If the Purchase Option is exercised pursuant to the foregoing, then, subject to the provisions set forth in this Article, on such closing date, Lessor shall convey to Lessee, and Lessee shall purchase from Lessor, Lessor's interest in the Leased Property. If Lessee fails to exercise the Purchase Option in a timely manner, then the Purchase Option shall thereupon automatically terminate without any further action of Lessor, and the Purchase Option shall thereafter be of no force or effect. The Purchase Option granted to Lessee pursuant to this Section is exclusive of the purchase option provided to Lessee pursuant to Section 14.1(e).
Lessee's Option to Purchase. If during the terms of this Agreement the FCC modifies its rules so as to enable Lessee to be licensed to operate the ITFS frequencies, Lessee shall have a right of first refusal to acquire such licenses subject to the same terms and conditions as the right provided for in Paragraph 1(B).
Lessee's Option to Purchase. (i) Section 35.1.9 of the Original Master Lease (as amended by the Amendments) is hereby further amended to read, in its entirety, as follows:
Lessee's Option to Purchase. (a) So long as (i) no Event of Default has occurred and is continuing, and no event then exists which with the giving of notice or the passage of time or both would constitute an Event of Default, and (ii) no Event of Default has occurred and is continuing at the time of the closing of the purchase after Lessee notifies Lessor of its intent to exercise of such option, at the expiration of the Term of this Lease (as the same may be extended pursuant to Article II), Lessee shall have the option, to be exercised by written notice to the Lessor at least three hundred sixty‑five (365) days prior to the expiration of the Term to purchase the entire Leased Property then subject to this Lease, and not less than the entire Leased Property then subject to this Lease, at a purchase price equal to the Option Price for the entire Leased Property then subject to this Lease. In the event that Lessee exercises the foregoing purchase option, upon delivery of the exercise notice, all of Lessee's rights to extend the Term under Article II (if any remaining at the time of exercise of the purchase option) shall be forever forfeited and of no further force or effect.
(b) Unless expressly otherwise provided in this Section 33.1, if Lessee exercises the option to purchase the Leased Property as provided in this Section 33.1, (i) the terms set forth in Article XVIII shall apply, (ii) Lessee shall continue paying Rent as required under this Lease until the purchase is closed, and (iii) the sale/purchase must be closed upon the expiration of the Term.
Lessee's Option to Purchase. (a) Subject to the terms, conditions and provisions set forth in this Article XIV, the Lessee shall have the option (the "Purchase Option"), ----------- --------------- to be exercised as set forth below, to purchase from the Lessor, the Lessor's interest in all of the Leased Property. Such option must be exercised by written notice to the Lessor not later than six (6) months prior to the Lease Termination Date which notice shall be irrevocable; such notice shall specify the date that such purchase shall take place, which date shall be a date occurring not less than thirty (30) days after such notice or the Lease Termination Date (whichever is earlier). If the Purchase Option is exercised pursuant to the foregoing, then, subject to the provisions set forth in this Article XIV, on the applicable purchase date or ----------- the Lease Termination Date, as the case may be, the Lessor shall convey to the Lessee, without recourse or warranty (other than as set forth in the special warranty deed and as to the absence of Lessor Liens), and the Lessee shall purchase from the Lessor, the Lessor's interest in the Leased Property leased by the Lessee.
(b) [Reserved]
Lessee's Option to Purchase. Subject to the terms, conditions and provisions set forth in this Article XIV, each Lessee shall have the option (a "Purchase Option"), to be exercised as set forth below, to purchase from Lessor, Lessor's interest in any or all of the Leased Properties. Such option must be exercised with respect to any Leased Property by written notice to Lessor not later than six months prior to the Lease Termination Date, which notice shall be irrevocable; such notice shall specify the Leased Property to be purchased, and the date that such purchase shall take place, which date shall be a date occurring not less than sixty (60) days after such notice or the Lease Termination Date (whichever is earlier). If the Purchase Option is exercised pursuant to the foregoing with respect to any Leased Property, then, subject to the provisions set forth in this Article XIV, on the applicable purchase date or the Lease Termination Date, as the case may be, Lessor shall convey to the related Lessee, by special or limited warranty deed and xxxx of sale, without recourse or warranty (other than as to the absence of Lessor Liens) and the related Lessee shall purchase from Lessor, Lessor's interest in the Leased Property or Leased Properties that are the subject of such Purchase Option.
Lessee's Option to Purchase. At the end of the lease term, the Lessee will have the right to purchase the Second Finance Lease Assets at a nominal purchase price of RMB10,000.
Lessee's Option to Purchase. At the expiration of the Initial Lease Term of a Schedule or any renewal or extension thereof, Lessee may elect to purchase any or all of the Units under such Schedule to the Lease for a purchase price equal to the "Fair Market Value" (as defined in Section 4(b) below) thereof as of the end of the Initial Lease Term of such Schedule plus any applicable sales or other transfer tax.
Lessee's Option to Purchase. At the end of the lease term of the Lease Agreement, Yangtze Express will have the right to purchase the Equipment at a nominal purchase price of RMB10,000 (equivalent to approximately HK$11,700). HNA Aviation, a substantial shareholder of Yangtze Express, has entered into an agreement with South China Leasing, pursuant to which South China Leasing may request HNA Aviation, and HNA Aviation undertakes at the request of South China Leasing, either (i) to buy back the Equipment; or (ii) to take up the obligations of Yangtze Express under the Lease Agreement.
Lessee's Option to Purchase. At the expiration of the Initial Lease Term of the first Schedule hereto, Lessee may elect to purchase all, but not less than all, of the Equipment under all Schedules at their respective expiration dates for a purchase price equal to the then Fair Market Value, but not less than 10% of Equipment Cost thereof as of the end of the Initial Lease Term applicable to each Schedule, plus any applicable sales or other transfer taxes payable as a result of such sale plus any amounts that remain unpaid to Lessor under the Lease.
