Option to Purchase Project. Subject to the provisions of this Article, the Company shall have the option to purchase the Issuer’s leasehold interest in the Project at any time during the Term hereof and for a period of 30 days thereafter. The Company shall exercise its option by giving the Issuer written notice of the Company’s election to exercise its option and specifying the date, time and place of closing, which date (the “Closing Date”) shall neither be earlier than 30 days nor later than 180 days after the notice is given. The Company may not, however, exercise such option if the Company is in Default hereunder on the Closing Date unless all Defaults are cured upon payment of the purchase price specified in Section 17.2.
Appears in 9 contracts
Option to Purchase Project. Subject to the provisions of this Article, the Company shall have the option to purchase the Issuer’s leasehold interest in the Project at any time during the Term hereof and for a period of 30 days thereafter. The Company shall exercise its option by giving the Issuer written notice of the Company’s election to exercise its option and specifying the date, time and place of closing, which date (the “Closing Date”) shall neither be earlier than 30 days nor later than 180 days after the notice is given. The Company may not, however, exercise such option if the Company is in Default hereunder on the Closing Date unless all Defaults are cured upon payment of the purchase price specified in Section 17.2.
Appears in 3 contracts
Samples: Lease, Lease, Lease Agreement
Option to Purchase Project. Subject to the provisions of this Article, the Company shall have the option to purchase the Issuer’s leasehold interest in the Project at any time during the Term hereof and for a period of 30 days thereafter. The Company shall exercise its option by giving the Issuer written notice of the Company’s election to exercise its option and specifying the date, time and place of closing, which date (the “Closing Date”) shall neither be earlier than 30 days nor later than 180 days after the notice is given. The Company may not, however, exercise such option if the Company is in Default hereunder on the Closing Date unless all Defaults are cured upon payment of the purchase price specified in Section 17.217.2 hereof.
Appears in 1 contract
Samples: Lease Agreement
Option to Purchase Project. Subject to the provisions of this Article, and upon optional redemption of the Bonds pursuant to Article III of the Indenture, the Company shall have the option to purchase the Issuer’s leasehold interest in the Project at any time during the Term hereof and for a period of 30 10 days thereafter. The Company shall exercise its option by giving the Issuer written notice of the Company’s election to exercise its option and specifying the date, time and place of closing, which date (the “Closing Date”) shall neither be earlier than 30 days nor later than 180 days after the notice is given. The Company may not, however, exercise such option if the Company is in Default hereunder on the Closing Date unless all Defaults are cured upon payment of the purchase price specified in Section 17.2.
Appears in 1 contract
Samples: Lease
Option to Purchase Project. Subject to the provisions of this Article, the Company shall have the option to purchase the Issuer’s leasehold interest in the Project at any time during the Term hereof and for a period of 30 days thereafter. The Company shall exercise its option by giving the Issuer written notice of the Company’s election to exercise its option and specifying the date, time and place of closing, which date (the “Closing Date”) shall neither be earlier than 30 days nor later than 180 days after the notice is given. The Company may not, however, exercise such option if the Company is in Default hereunder on the Closing Date unless all Defaults are cured upon payment of the purchase price specified in Section 17.2.such
Appears in 1 contract
Samples: Lease
Option to Purchase Project. Subject to the provisions of this Article, the Company shall have the option to purchase the Issuer’s leasehold interest in the Project or any portion thereof at any time during the Term hereof and for a period of 30 days thereafter. The Company shall exercise its option by giving the Issuer written notice of the Company’s election to exercise its option and specifying the date, time and place of closing, which date (the “Closing Date”) shall neither be earlier than 30 days nor later than 180 days after the notice is given. The Company may not, however, exercise such option if the Company is in Default hereunder on the Closing Date unless all Defaults are cured upon payment of the purchase price specified in Section 17.217.2 hereof.
Appears in 1 contract
Samples: Lease
Option to Purchase Project. Subject to the provisions of this Article, and upon optional redemption of the Bonds pursuant to Article III of the Indenture, the Company shall have the option to purchase the Issuer’s leasehold interest in the Project at any time during the Term hereof and for a period of 30 10 days thereafter. The Company shall exercise its option by giving the Issuer written notice of the Company’s election to exercise its option and specifying the date, time and place of closing, which date (the “Closing Date”) shall neither be earlier than 30 days nor later than 180 days after the notice is given. The Company may not, however, exercise such option if the Company is in Default hereunder on the Closing Date unless all Defaults are cured upon payment of the purchase price specified in Section 17.2.
Appears in 1 contract
Samples: Lease Agreement