Obligation to Purchase Project. The Lessee hereby agrees to purchase, and the Issuer hereby agrees to sell, the Project for one hundred dollars at the expiration of the Term (including any extension thereof pursuant to Section 5.1 hereof) or at the prior termination of the Term, provided that the Bond shall have been paid in full. The obligation provided for in this Section shall be and remain subordinate and inferior to the Lease Assignment and the Indenture and may not be exercised if an Event of Default exists hereunder.
Obligation to Purchase Project. The Lessee hereby agrees to purchase and the Issuer hereby agrees to sell, the Project for one dollar ($1.00) at the expiration or sooner termination of the Lease Term following Payment in Full of the Bonds. At any time subsequent to the expiration or sooner termination of this Lease, upon notice by the Lessee to the Trustee, as assignee of the Issuer, the Trustee, on behalf of the Issuer, shall upon receipt of the purchase price deliver to the Lessee those documents set forth in Section 11.4 hereof. The obligation specified in this Section 12.1 shall be and remain prior and superior to the Indenture and may be exercised whether or not the Lessee is in default hereunder provided that such default will not result in non-fulfillment of any condition to this right. The provisions of this Section 12.l shall survive the expiration or sooner termination of this Lease.
Obligation to Purchase Project. The Lessee hereby agrees to purchase, and the Issuer hereby agrees to sell, the Project for Ten Dollars ($10.00) plus Payment in Full of the Bonds at the expiration or sooner termination of the Lease Term following Payment in Full of the Bonds. At any time subsequent to the expiration or sooner termination of this Lease as aforesaid upon notice to the Issuer by the Lessee, the Issuer shall upon receipt of the purchase price deliver to the Lessee those documents set forth in Section 11.3 hereof. The obligation specified in this Section shall be and remain prior and superior to the Financing Agreement and may be exercised whether or not the Lessee is in default hereunder provided that such default will not result in nonfulfillment of any condition to this right.
Obligation to Purchase Project. The Lessee hereby agrees to purchase, and the Issuer hereby agrees to sell (without further board action on behalf of the Issuer), to the Lessee or its designee, the Project for $10.00 at the expiration or sooner termination of the Lease Term evidenced by either (1) the return to the Trustee of all the Bonds outstanding marked “Paid in Full” by the owners thereof (or by duly appointed attorney-in-fact of such owners), or
Obligation to Purchase Project. When all principal and interest due on the Bonds shall have been paid in full, the Company or its permitted successors and assigns shall have the absolute obligation to purchase the Property, the Project, the Financed Facilities and the Financed Equipment or portions thereof to which the Bonds paid in full relate for the purchase price(s) provided for in the Indenture and subject to the requirements of the Bond Documents.
Obligation to Purchase Project. 25 ARTICLE XIII MISCELLANEOUS.......................................................................................26
Obligation to Purchase Project. (a) The Lessee hereby agrees to purchase, and the Lessor hereby agrees to sell, the Project for TEN DOLLARS ($10.00) at the expiration or sooner termination of the Lease Term. At any time subsequent to the expiration or sooner termination of this Lease Agreement as aforesaid upon notice to the Lessor by the Lessee, the Lessor shall upon receipt of the purchase price deliver to the Lessee those documents set forth in Section 11.3 hereof.
Obligation to Purchase Project. The Lessee hereby agrees to purchase, and the Issuer hereby agrees to sell, the Project for ten dollars ($10.00) at the expiration or sooner termination of the Lease Term following payment in full of the Bonds. The Issuer has delivered to the Trustee an executed Limited Warranty Deed to be delivered to the Lessee upon the Lessee's termination of this Agreement in accordance with this Article and Section 7.18 of the Indenture.
Obligation to Purchase Project. 14 ARTICLE XIV OPTION TO PURCHASE UNIMPROVED PORTIONS OF LAND
Obligation to Purchase Project. The Tenant hereby agrees to purchase the Project from the Issuer, and the Issuer hereby agrees to sell the Project to the Tenant, for the sum of $100.00 at the expiration of the Term, following full payment of the Bonds or provision for payment thereof having been made in accordance with the provisions of the Indenture.
