Common use of Notice of Term Purchase Option Exercise Clause in Contracts

Notice of Term Purchase Option Exercise. Lessee shall notify Lessor of Lessee's exercise of the Term Purchase Option by delivering to Lessor an irrevocable written notice in the form of Exhibit A(1), appropriately completed (the "Notice of Term Purchase Option Exercise"), which states that Lessee is exercising its right to terminate the Lease Agreement prior to the Scheduled Expiration Date thereof pursuant to Paragraph 4.01 of the Lease Agreement and purchase all of the Property pursuant to this Paragraph 2.01 and specifies the Scheduled Rent Payment Date on which such termination and purchase are to occur (which date, after the delivery of such notice, shall be the Expiration Date). Lessee shall give the Notice of Term Purchase Option Exercise to Lessor at least one (1) month prior to the Scheduled Rent Payment Date on which such termination and purchase are to occur. The Notice of Term Purchase Option Exercise shall be delivered as required by Subparagraph 2.02(c) and Paragraph 7.01 of the Participation Agreement; provided, however, that Lessee shall promptly deliver the original of any Notice of Term Purchase Option Exercise initially delivered by facsimile. After delivering to Lessor the Notice of Term Purchase Option Exercise, Lessee may, upon not less than ten (10) Business Days prior written notice to Lessor, extend the date on which the termination of the Lease Agreement and Lessee's purchase of the Property is to occur to a Business Day not more than ten (10) Business Days after the date specified in the Notice of Term Purchase Option Exercise, provided that Lessee may so extend such date only once.

Notice of Term Purchase Option Exercise. Lessee shall notify Lessor of Lessee's exercise of the Term Purchase Option by delivering to Lessor an irrevocable written notice in the form of Exhibit A(1), appropriately completed (the "Notice of Term Purchase Option Exercise"), which states that Lessee is exercising its right to terminate the Facility 2 Lease Agreement prior to the Scheduled Expiration Date thereof pursuant to Paragraph 4.01 of the Facility 2 Lease Agreement and purchase all of the Facility 2 Property pursuant to this Paragraph 2.01 and specifies the Scheduled Rent Payment Date Business Day on which such termination and purchase are to occur (which date, after the delivery of such notice, shall be the Expiration Date). Lessee shall give the Notice of Term Purchase Option Exercise to Lessor at least one as soon as possible but in no event later than ten (110) month Business Days prior to the Scheduled Rent Payment Date date on which such termination and purchase are to occur. (Lessee shall also, to the extent reasonably practicable, provide Lessor with advance notice indicating that it is considering exercising the Term Purchase Option.) The Notice of Term Purchase Option Exercise shall be delivered as required by Subparagraph 2.02(c) and Paragraph 7.01 of the Participation Agreement; provided, however, that Lessee shall promptly deliver the original of any Notice of Term Purchase Option Exercise initially delivered by facsimile. After delivering to Lessor the Notice of Term Purchase Option Exercise, Lessee may, upon not less than ten (10) Business Days prior written notice to Lessor, extend the date on which the termination of the Facility 2 Lease Agreement and Lessee's purchase of the Facility 2 Property is to occur to a Business Day not more than ten (10) Business Days after the date specified in the Notice of Term Purchase Option Exercise, provided that Lessee may so extend such date only once.

Notice of Term Purchase Option Exercise. Lessee shall notify Lessor of Lessee's exercise of the Term Purchase Option by delivering to Lessor an irrevocable written notice in the form of Exhibit A(1), appropriately completed (the "Notice of Term Purchase Option Exercise"), which states that Lessee is exercising its right to terminate the Facility 1 Lease Agreement prior to the Scheduled Expiration Date thereof pursuant to Paragraph 4.01 of the Facility 1 Lease Agreement and purchase all of the Facility 1 Property pursuant to this Paragraph 2.01 and specifies the Scheduled Rent Payment Date on which such termination and purchase are to occur (which date, after the delivery of such notice, shall be the Expiration Date). Lessee shall give the Notice of Term Purchase Option Exercise to Lessor at least one (1) month prior to the Scheduled Rent Payment Date on which such termination and purchase are to occur. The Notice of Term Purchase Option Exercise shall be delivered as required by Subparagraph 2.02(c) and Paragraph 7.01 of the Participation Agreement; provided, however, that Lessee shall promptly deliver the original of any Notice of Term Purchase Option Exercise initially delivered by facsimile. After delivering to Lessor the Notice of Term Purchase Option Exercise, Lessee may, upon not less than ten (10) Business Days prior written notice to Lessor, extend the date on which the termination of the Facility 1 Lease Agreement and Lessee's purchase of the Facility 1 Property is to occur to a Business Day not more than ten (10) Business Days after the date specified in the Notice of Term Purchase Option Exercise, provided that Lessee may so extend such date only once.

Notice of Term Purchase Option Exercise. Lessee shall notify Lessor of Lessee's exercise of the Term Purchase Option by delivering to Lessor an irrevocable written notice in the form of Exhibit A(1), appropriately completed (the "Notice of Term Purchase Option Exercise"), which states that Lessee is exercising its right to terminate the Facility 1 Lease Agreement prior to the Scheduled Expiration Date thereof pursuant to Paragraph 4.01 of the Facility 1 Lease Agreement and purchase all of the Facility 1 Property pursuant to this Paragraph 2.01 and specifies the Scheduled Rent Payment Date Business Day on which such termination and purchase are to occur (which date, after the delivery of such notice, shall be the Expiration Date). Lessee shall give the Notice of Term Purchase Option Exercise to Lessor at least one as soon as possible but in no event later than ten (110) month Business Days prior to the Scheduled Rent Payment Date date on which such termination and purchase are to occur. (Lessee shall also, to the extent reasonably practicable, provide Lessor with advance notice indicating that it is considering exercising the Term Purchase Option.) The Notice of Term Purchase Option Exercise shall be delivered as required by Subparagraph 2.02(c) and Paragraph 7.01 of the Participation Agreement; provided, however, that Lessee shall promptly deliver the original of any Notice of Term Purchase Option Exercise initially delivered by facsimile. After delivering to Lessor the Notice of Term Purchase Option Exercise, Lessee may, upon not less than ten (10) Business Days prior written notice to Lessor, extend the date on which the termination of the Facility 1 Lease Agreement and Lessee's purchase of the Facility 1 Property is to occur to a Business Day not more than ten (10) Business Days after the date specified in the Notice of Term Purchase Option Exercise, provided that Lessee may so extend such date only once.

Notice of Term Purchase Option Exercise. Lessee shall notify Lessor of Lessee's exercise of the Term Purchase Option by delivering to Lessor an irrevocable written notice in the form of Exhibit A(1), appropriately completed (the "Notice of Term Purchase Option Exercise"), which states that Lessee is exercising its right to terminate the Facility 2 Lease Agreement prior to the Scheduled Expiration Date thereof pursuant to Paragraph 4.01 of the Facility 2 Lease Agreement and purchase all of the Facility 2 Property pursuant to this Paragraph 2.01 and specifies the Scheduled Rent Payment Date on which such termination and purchase are to occur (which date, after the delivery of such notice, shall be the Expiration Date). Lessee shall give the Notice of Term Purchase Option Exercise to Lessor at least one (1) month prior to the Scheduled Rent Payment Date on which such termination and purchase are to occur. The Notice of Term Purchase Option Exercise shall be delivered as required by Subparagraph 2.02(c) and Paragraph 7.01 of the Participation Agreement; provided, however, that Lessee shall promptly deliver the original of any Notice of Term Purchase Option Exercise initially delivered by facsimile. After delivering to Lessor the Notice of Term Purchase Option Exercise, Lessee may, upon not less than ten (10) Business Days prior written notice to Lessor, extend the date on which the termination of the Facility 2 Lease Agreement and Lessee's purchase of the Facility 2 Property is to occur to a Business Day not more than ten (10) Business Days after the date specified in the Notice of Term Purchase Option Exercise, provided that Lessee may so extend such date only once.

Notice of Term Purchase Option Exercise. Lessee shall notify Lessor of Lessee's exercise of the Term Purchase Option by delivering to Lessor an irrevocable written notice in the form of Exhibit A(1), appropriately completed (the "Notice of Term Purchase Option Exercise"), which states that Lessee is exercising its right to terminate the Facility 3 Lease Agreement prior to the Scheduled Expiration Date thereof pursuant to Paragraph 4.01 of the Facility 3 Lease Agreement and purchase all of the Facility 3 Property pursuant to this Paragraph 2.01 and specifies the Scheduled Rent Payment Date Business Day on which such termination and purchase are to occur (which date, after the delivery of such notice, shall be the Expiration Date). Lessee shall give the Notice of Term Purchase Option Exercise to Lessor at least one as soon as possible but in no event later than ten (110) month Business Days prior to the Scheduled Rent Payment Date date on which such termination and purchase are to occur. (Lessee shall also, to the extent reasonably practicable, provide Lessor with advance notice indicating that it is considering exercising the Term Purchase Option.) The Notice of Term Purchase Option Exercise shall be delivered as required by Subparagraph 2.02(c) and Paragraph 7.01 of the Participation Agreement; provided, however, that Lessee shall promptly deliver the original of any Notice of Term Purchase Option Exercise initially delivered by facsimile. After delivering to Lessor the Notice of Term Purchase Option Exercise, Lessee may, upon not less than ten (10) Business Days prior written notice to Lessor, extend the date on which the termination of the Facility 3 Lease Agreement and Lessee's purchase of the Facility 3 Property is to occur to a Business Day not more than ten (10) Business Days after the date specified in the Notice of Term Purchase Option Exercise, provided that Lessee may so extend such date only once.