Common use of Maturity Date Purchase Option Clause in Contracts

Maturity Date Purchase Option. On or before the Purchase Decision Date, Lessee may give Lessor and the Administrative Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing to exercise the Maturity Date Purchase Option. If Lessee does not elect the Remarketing Option or the Maturity Date Purchase Option on or before the Purchase Decision Date, Lessee shall be deemed to have elected to exercise the Maturity Date Purchase Option. If Lessee has elected (or is deemed to have elected) to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Lessor an amount equal to the Termination Value for each of the Properties (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Lessor shall transfer to Lessee or Lessee's designees all of Lessor's right, title and interest in and to the Properties in accordance with Section 19.1.

Maturity Date Purchase Option. On or before Not less than twelve months prior to the Purchase Decision Maturity Date, Lessee may give Lessor and the Administrative Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing to exercise the Maturity Date Purchase Option. If Lessee does not elect the Remarketing Option or the give a Maturity Date Purchase Option Election Notice on or before the Purchase Decision date twelve months prior to the Maturity Date, then Lessee shall be deemed obligated to have elected remarket the Properties pursuant to exercise the Maturity Date Purchase OptionSection 21. 1. If Lessee has elected (or is deemed to have elected) to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Lessor an amount equal to the Termination Value for each of all the Properties (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Lessor shall transfer to Lessee or Lessee's designees designee all of Lessor's right, title and interest in and to the Properties in accordance with Section 19.1.

Maturity Date Purchase Option. On or before Not less than six months prior to the Purchase Decision Maturity Date, Lessee may give Lessor and the Administrative Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing to exercise the Maturity Date Purchase Option. If Lessee does not elect the Remarketing Option or the give a Maturity Date Purchase Option Election Notice on or before the date six months prior to the Maturity Date or if Lessee has not exercised the Purchase Decision DateOption with respect to all of the Equipment, then Lessee shall be deemed obligated to have elected remarket the Equipment pursuant to exercise the Maturity Date Purchase OptionSection 21. If Lessee has elected (or is deemed to have elected) to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Lessor an amount equal to the Termination Value for each of all the Properties Equipment (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Lessor shall transfer to Lessee or Lessee's designees designee all of Lessor's right, title and interest in and to the Properties Equipment in accordance with Section 19.1.

Maturity Date Purchase Option. On or before Not less than twelve months prior to the Purchase Decision Maturity Date, Lessee may give Lessor and the Administrative Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing to exercise the Maturity Date Purchase Option. If Lessee does not elect the Remarketing Option or the give a Maturity Date Purchase Option Election Notice on or before the Purchase Decision Datedate twelve months prior to the Maturity Date and does not elect to renew the Lease, then Lessee shall be deemed obligated to have elected remarket, subject to exercise Lessee's rights under Section 20.1, the Maturity Date Purchase OptionProject pursuant to Section 21. If Lessee has elected (or is deemed to have elected) to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Lessor an amount equal to the Termination Value for each of the Properties Project (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Lessor and Issuer shall transfer to Lessee or Lessee's designees designee all of Lessor's and Issuer's right, title and interest in and to the Properties Project in accordance with Section 19.1.

Maturity Date Purchase Option. On or before Not less than one hundred eighty (180) days prior to the Purchase Decision Maturity Date, Lessee may give Lessor and the Administrative Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing to exercise the Maturity Date Purchase OptionOption or its option to remarket the Property pursuant to Section 21.1. If Lessee does not elect the Remarketing Option or the give a Maturity Date Purchase Option Election Notice on or before the Purchase Decision date one hundred eighty (180) days prior to the Maturity Date, then Lessee shall be deemed to have elected to exercise the exercised its Maturity Date Purchase Option. If Lessee has elected (elected, or is deemed to have elected) , to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Lessor an amount equal to the Termination Value plus all Basic Rent and Supplemental Rent due and owing on such date of purchase for each of the Properties Property (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Lessor shall transfer to Lessee or Lessee's designees designee all of Lessor's right, title and interest in and to the Properties Property in accordance with Section 19.1.

Maturity Date Purchase Option. On or before Not less than twelve months ----------------------------- prior to the Purchase Decision Maturity Date, if Lessee may does not give Lessor and Agent written notice to the Administrative contrary, Lessee shall be deemed to have given Lessor and Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing ----------------------------- to exercise the Maturity Date Purchase Option. If Lessee does gives notice that it will not elect the Remarketing Option or exercise the Maturity Date Purchase Option Election Notice on or before the Purchase Decision date twelve months prior to the Maturity Date, then Lessee shall be deemed obligated to have elected remarket the Property pursuant to exercise the Maturity Date Purchase OptionSection 21. If Lessee has elected (or is deemed to have elected) to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Lessor an amount equal to the Termination Value for each of all the Properties Property (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Lessor shall transfer to Lessee or Lessee's designees designee all of Lessor's right, title and interest in and to the Properties Property in accordance with Section 19.1.

Maturity Date Purchase Option. On or before Not less than six months prior to the Purchase Decision Maturity Date, Lessee may shall give Lessor and the Administrative Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing either (a) to exercise the Maturity Date Purchase OptionOption or (b) to remarket the Property pursuant to Section 21. If Lessee does not elect the Remarketing Option or the give a Maturity Date Purchase Option Election Notice on or before the Purchase Decision date six months prior to the Maturity Date, then Lessee shall be deemed to have elected to exercise the Maturity Date Purchase Option. If Lessee has elected (or is deemed to have elected) elected to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Lessor an amount equal to the Termination Value for each of the Properties Property (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Lessor shall transfer to Lessee or Lessee's designees designee all of Lessor's right, title and interest in and to the Properties Property in accordance with Section 19.1.

Maturity Date Purchase Option. On or before Not less than nine months prior to the Purchase Decision Maturity Date, Lessee may give Lessor and the Administrative Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing to exercise the Maturity Date Purchase Option. If Lessee does not elect the Remarketing Option or the give a Maturity Date Purchase Option Election Notice on or before the Purchase Decision date nine months prior to the Maturity Date, then Lessee shall be deemed obligated to have elected remarket the Properties pursuant to exercise the Maturity Date Purchase OptionSection 21. If Lessee has elected (or is deemed to have elected) to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Lessor an amount equal to the Termination Value for each of all the Properties (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Lessor shall transfer to Lessee or Lessee's designees designee all of Lessor's right, title and interest in and to the Properties in accordance with Section 19.1.

Maturity Date Purchase Option. On or before Not less than twelve months prior to the Purchase Decision Maturity Date, Lessee may give Lessor and the Administrative Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing to exercise the Maturity Date Purchase Option. If Lessee does not elect the Remarketing Option or the give a Maturity Date Purchase Option Election Notice on or before the Purchase Decision date twelve months prior to the Maturity Date, then Lessee shall be deemed obligated to have elected remarket the Properties pursuant to exercise the Maturity Date Purchase OptionSection 21. If Lessee has elected (or is deemed to have elected) to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Lessor an amount equal to the Termination Value for each of all the Properties (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Lessor shall transfer to Lessee or Lessee's designees designee all of Lessor's right, title and interest in and to the Properties in accordance with Section 19.1.. 3

Maturity Date Purchase Option. On or before Not less than six months prior to ----------------------------- the Purchase Decision Maturity Date, Lessee may give Lessor and the Administrative Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing to exercise the ----------------------------- Maturity Date Purchase Option. If Lessee does not elect the Remarketing Option or the give a Maturity Date Purchase Option Election Notice on or before the date six months prior to the Maturity Date or if Lessee has not exercised the Purchase Decision DateOption with respect to all of the Equipment, then Lessee shall be deemed obligated to have elected remarket the Equipment pursuant to exercise the Maturity Date Purchase OptionSection 21. If Lessee has elected (or is deemed to have elected) to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Lessor an amount equal to the Termination Value for each of all the Properties Equipment (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Lessor shall transfer to Lessee or Lessee's designees designee all of Lessor's right, title and interest in and to the Properties Equipment in accordance with Section 19.1.

Maturity Date Purchase Option. On or before Not less than twelve months prior to the Purchase Decision Maturity Date, Lessee may give Agent Lessor and the Administrative Agent irrevocable written notice (the "Maturity Date Election NoticeMATURITY DATE ELECTION NOTICE") that Lessee is electing to exercise the Maturity Date Purchase OptionOption or its option to remarket the Property pursuant to Section 21.1. If Lessee does not elect the Remarketing Option or the give a Maturity Date Purchase Option Election Notice on or before the Purchase Decision date twelve months prior to the Maturity Date, then Lessee shall be deemed to have elected to exercise the exercised its Maturity Date Purchase Option. If Lessee has elected (elected, or is deemed to have elected) , to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Agent Lessor an amount equal to the Termination Value for each the Property (offsetting, at the option of Lessee, against such amount the aggregate amount of the Properties Defeasance Deposit Collateral) (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Agent Lessor shall transfer to Lessee or Lessee's designees designee all of Agent Lessor's and the Lessors' right, title and interest in and to the Properties Property in accordance with Section 19.1.

Maturity Date Purchase Option. On or before Not less than twelve months prior to the Purchase Decision Maturity Date, Lessee may give Agent Lessor and the Administrative Agent irrevocable written notice (the "Maturity Date Election NoticeMATURITY DATE ELECTION NOTICE") that Lessee is electing to exercise the Maturity Date Purchase OptionOption or its option to remarket the Property pursuant to Section 21.1. If Lessee does not elect the Remarketing Option or the give a Maturity Date Purchase Option Election Notice on or before the Purchase Decision date twelve months prior to the Maturity Date, then Lessee shall be deemed to have elected to exercise the exercised its Maturity Date Purchase Option. If Lessee Xxxxxx has elected (elected, or is deemed to have elected) , to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Agent Lessor an amount equal to the Termination Value for each the Property plus all accrued and unpaid Capitalized Interest and Basic Rent plus any Supplemental Rent due and owing on such date of purchase (offsetting, at the option of Lessee, against such amount the aggregate amount of the Properties Defeasance Deposit Collateral) (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Agent Lessor shall transfer to Lessee or Lessee's designees designee all of Agent Lessor's and the Lessors' right, title and interest in and to the Properties Property in accordance with Section 19.1.

Maturity Date Purchase Option. On or before Not less than twelve months ----------------------------- prior to the Purchase Decision Maturity Date, Lessee may give Lessor and the Administrative Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing to exercise ----------------------------- the Maturity Date Purchase Option. If Lessee does not elect the Remarketing Option or the give a Maturity Date Purchase Option Election Notice on or before the Purchase Decision date twelve months prior to the Maturity Date, then Lessee shall be deemed obligated to have elected remarket the Properties pursuant to exercise the Maturity Date Purchase OptionSection 21. If Lessee has elected (or is deemed to have elected) to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Lessor an amount equal to the Termination Value for each of all the Properties (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus amount, including all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Lessor shall transfer to Lessee or Lessee's designees designee all of Lessor's right, title and interest in and to the Properties in accordance with Section 19.1.

Maturity Date Purchase Option. On or before Not less than eighteen (18) months prior to the Purchase Decision Maturity Date, Lessee may give Agent Lessor and the Administrative Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing to exercise the Maturity Date Purchase OptionOption or its option to have the Property remarketed pursuant to Section 21.1. If Lessee does not elect the Remarketing Option or the give a Maturity Date Purchase Option Election Notice on or before the Purchase Decision date eighteen (18) months prior to the Maturity Date, then Lessee shall be deemed to have elected to exercise the exercised its Maturity Date Purchase Option. If Lessee has elected (elected, or is deemed to have elected) , to exercise the Maturity Date Purchase Option, then on the Maturity Date Lessee shall pay to Agent Lessor an amount equal to the Termination Value for each Purchase Option Price plus any Supplemental Rent due and owing on such date of purchase (offsetting, at the option of Agent Lessor, against such amount the aggregate amount of the Properties Defeasance Deposit Collateral) (which the parties do not intend to be a "bargain" purchase price) and, upon receipt of such amount plus all Rent and other amounts then due and payable under this Lease and any other Operative Agreement, Agent Lessor shall transfer to Lessee or Lessee's designees all of Lessor's right, title and interest in and to the Properties in accordance with Section 19.1.'s