Common use of Option to Purchase Facility and Right of First Negotiation Clause in Contracts

Option to Purchase Facility and Right of First Negotiation. Company shall have the right of first negotiation prior to the end of the Term and option to purchase the Facility at the end of the Term, as provided in Attachment P (Sale of Facility by Seller) to this Agreement. GUARANTEED PROJECT MILESTONES INCLUDING COMMERCIAL OPERATIONS [XXXX TO DECIDE, following completion of irs, IF ANY GUARANTEED PROJECT MILESTONES ARE NECESSARY IN ADDITION TO THE GUARANTEED SUBSTANTIAL COMMITMENT DATES AND THE GCOD (INCLUDING WHETHER ANY REPORTING MILESTONES SHOULD BECOME GUARANTEED PROJECT MILESTONES) AND, IF SO, WHAT ARE THE CONSEQUENCES OF MISSING SUCH OTHER GUARANTEED PROJECT MILESTONES.] Time is of the Essence. Time is of the essence of this Agreement, and Seller's ability to achieve the Construction Milestones is critically important.

Option to Purchase Facility and Right of First Negotiation. Company shall have the right of first negotiation prior to the end of the Term and option to purchase the Facility at the end of the Term, as provided in Attachment P (Sale of Facility by Seller) to this Agreement. GUARANTEED PROJECT MILESTONES INCLUDING COMMERCIAL OPERATIONS [XXXX XXXXX TO DECIDE, following completion of irs, IF ANY GUARANTEED PROJECT MILESTONES ARE NECESSARY IN ADDITION TO THE GUARANTEED SUBSTANTIAL COMMITMENT DATES AND THE GCOD (INCLUDING WHETHER ANY REPORTING MILESTONES SHOULD BECOME GUARANTEED PROJECT MILESTONES) AND, IF SO, WHAT ARE THE CONSEQUENCES OF MISSING SUCH OTHER GUARANTEED PROJECT MILESTONES.] Time is of the Essence. Time is of the essence of this Agreement, and Seller's ability to achieve the Construction Milestones is critically important.