Common use of Options to Purchase Clause in Contracts

Options to Purchase. (a) You have the option to purchase the Solar Facility at the following times during the Initial Term: (i) Upon the fifth anniversary of the In-Service Date (ii) At the end of the Initial Term of this Agreement (iii) Should you sell your Property during the Initial Term (iv) Should Sunrun fail to perform Sunrun's Obligations (in accordance with Section 18) (b) To purchase the Solar Facility pursuant to Section 10(a), you must deliver a written notice to Sunrun of your intent to purchase within sixty (60) days of the applicable date and deliver payment to Sunrun within thirty (30) days of receiving an invoice from Sunrun for the purchase price. (c) The purchase price will be the greater of (i) fair market value, as determined at the time ("FMV") and (ii) the minimum price set forth in Exhibit A. Annually, Sunrun will determine the FMV of the Solar Facility by hiring an independent appraiser to estimate the value of a comparable in-service solar facility in your state and utility service area. This valuation will take into account the Solar Facility's age; location; size; and other market characteristics such as equipment type and equipment operating, maintenance and service costs, value of electricity in your area, and any applicable solar incentives. (d) Sunrun will credit the purchase price by any refund due to you pursuant to Section 8(b), provided however, that in no case shall such a credit result in a net purchase price that is less than the minimum purchase price set forth on Exhibit A. (e) At other times, please contact Sunrun at (000) 000-0000 to discuss the possibility of purchasing the Solar Facility. (f) If you purchase the Solar Facility, Sunrun will continue to monitor the Solar Facility for as long as the meter continues to function, or until the twentieth anniversary of this Agreement, whichever is sooner. However, Sunrun will not provide any maintenance or repair unless you enter into a separate agreement with Sunrun, at your expense, to perform these services. If possible, Sunrun will assign to you any product and/or workmanship warranties still in effect for the Solar Facility.

Options to Purchase. (a) You have the option to purchase the Solar Facility at the following times during the Initial Term: (i) Upon the fifth anniversary of the In-Service Date (ii) At the end of the Initial Term of this Agreement (iii) Should you sell your Property during the Initial Term (iviii) Should Sunrun fail to perform Sunrun's Obligations (in accordance with Section 18) (b) To purchase the Solar Facility pursuant to Section 10(a), you must deliver a written notice to Sunrun of your intent to purchase within sixty (60) days of the applicable date and deliver payment to Sunrun within thirty (30) days of receiving an invoice from Sunrun for the purchase price. (c) The purchase price will be the greater of (i) fair market value, as determined at the that time ("FMV") and (ii) the minimum price set forth in Exhibit A. ). Annually, Sunrun will determine the FMV of the Solar Facility by hiring an independent appraiser to estimate the value of a comparable in-service solar facility in your state and utility service area. This valuation will take into account the Solar Facility's ’s age; location; size; and other market characteristics such as equipment type and equipment operating, maintenance and service costs, value of electricity in your area, and any applicable solar incentives. (d) If you purchase the Solar Facility, you will be obligated to pay Sunrun an amount equal to the value of any federal, state and local incentives that Sunrun must return as a result of the sale. (e) Sunrun will credit the purchase price by any refund due to you pursuant to Section 8(b), provided however, that in no case shall such a credit result in a net purchase price that is less than the minimum purchase price set forth on Exhibit A.fair market value. (ef) At other times, please contact Sunrun at (000) 000-0000 to discuss the possibility of purchasing the Solar Facility. (fg) If you purchase the Solar Facility, Sunrun will continue to monitor the Solar Facility for as long as the meter continues to function, or until the twentieth anniversary of this AgreementLease, whichever is sooner. However, Sunrun will not provide any maintenance or [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. repair unless you enter into a separate agreement with Sunrun, at your expense, to perform these services. If possible, Sunrun will assign to you any product and/or workmanship warranties still in effect for the Solar Facility.

Options to Purchase. (a) You have the option to purchase the Solar Facility at the following times during the Initial Term: (i) Upon the fifth anniversary of the In-Service DateDate [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. (ii) At the end of the Initial Term of this Agreement (iii) Should you sell your Property during the Initial Term (iviii) Should Sunrun fail to perform Sunrun's Obligations (in accordance with Section 18) (b) To purchase the Solar Facility pursuant to Section 10(a), you must deliver a written notice to Sunrun of your intent to purchase within sixty (60) days of the applicable date and deliver payment to Sunrun within thirty (30) days of receiving an invoice from Sunrun for the purchase price. (c) The purchase price will be the greater of (i) fair market valuevalue ("FMV"), as determined at the time ("FMV") and (ii) the minimum price set forth in Exhibit A. that time. Annually, Sunrun will determine the FMV of the Solar Facility by hiring an independent appraiser to estimate the value of a comparable in-service solar facility in your state and utility service area. This valuation will take into account the Solar Facility's age; location; size; and other market characteristics such as equipment type and equipment operating, maintenance and service costs, value of electricity in your area, and any applicable solar incentives. (d) If you purchase the Solar Facility, you will be obligated to pay Sunrun an amount equal to the value of any federal, state and local incentives that Sunrun must return as a result of the sale. (e) Sunrun will credit the purchase price by any refund due to you pursuant to Section 8(b), provided however, that in no case shall such a credit result in a net purchase price that is less than the minimum purchase price set forth on Exhibit A.fair market value. (ef) At other times, please contact Sunrun at (000) 000-0000 to discuss the possibility of purchasing the Solar Facility. (fg) If you purchase the Solar Facility, Sunrun will continue to monitor the Solar Facility for as long as the meter continues to function, or until the twentieth anniversary of this AgreementLease, whichever is sooner. However, Sunrun will not provide any maintenance or repair unless you enter into a separate agreement with Sunrun, at your expense, to perform these services. If possible, Sunrun will assign to you any product and/or workmanship warranties still in effect for the Solar Facility.

Options to Purchase. (a) You have the option to purchase the Solar Facility at the following times during the Initial Term: (i) Upon the fifth anniversary of the In-Service Date (ii) At the end of the Initial Term of this Agreement (iii) Should you sell your Property during the Initial Term (iv) Should Sunrun fail to perform Sunrun's Obligations (in accordance with Section 18) (b) To purchase the Solar Facility pursuant to Section 10(a), you must deliver a written notice to Sunrun of your intent to purchase within sixty (60) days of the applicable date and deliver payment to Sunrun within thirty (30) days of receiving an invoice from Sunrun for the purchase price. (c) The purchase price will be the greater of (i) fair market value, as determined at the time ("FMV") and (ii) the minimum price set forth in Exhibit A. Annually, Sunrun will determine the FMV of the Solar Facility by hiring an independent appraiser to estimate the value of a comparable in-service solar facility in your state and utility service area. This valuation will take into account the Solar Facility's age; location; size; and other market characteristics such as equipment type and equipment operating, maintenance and service costs, value of electricity in your area, and any applicable solar incentives. [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. (d) Sunrun will credit the purchase price by any refund due to you pursuant to Section 8(b), provided however, that in no case shall such a credit result in a net purchase price that is less than the minimum purchase price set forth on Exhibit A. (e) At other times, please contact Sunrun at (000) 000-0000 to discuss the possibility of purchasing the Solar Facility. (f) If you purchase the Solar Facility, Sunrun will continue to monitor the Solar Facility for as long as the meter continues to function, or until the twentieth anniversary of this Agreement, whichever is sooner. However, Sunrun will not provide any maintenance or repair unless you enter into a separate agreement with Sunrun, at your expense, to perform these services. If possible, Sunrun will assign to you any product and/or workmanship warranties still in effect for the Solar Facility.

Options to Purchase. (a) You have the option to purchase the Solar Facility at the following times during the Initial Term: (i) Upon the fifth anniversary of the In-Service Date (ii) At the end of the Initial Term of this Agreement (iii) Should you sell your Property during the Initial Term (iviii) Should Sunrun fail to perform Sunrun's Obligations (in accordance with Section 18)) [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. (b) To purchase the Solar Facility pursuant to Section 10(a), you must deliver a written notice to Sunrun of your intent to purchase within sixty (60) days of the applicable date and deliver payment to Sunrun within thirty (30) days of receiving an invoice from Sunrun for the purchase price. (c) The purchase price will be the greater of (i) fair market valuevalue ("FMV"), as determined at the time ("FMV") and (ii) the minimum price set forth in Exhibit A. that time. Annually, Sunrun will determine the FMV of the Solar Facility by hiring an independent appraiser to estimate the value of a comparable in-service solar facility in your state and utility service area. This valuation will take into account the Solar Facility's age; location; size; and other market characteristics such as equipment type and equipment operating, maintenance and service costs, value of electricity in your area, and any applicable solar incentives. (d) If you purchase the Solar Facility, you will be obligated to pay Sunrun an amount equal to the value of any federal, state and local incentives that Sunrun must return as a result of the sale. (e) Sunrun will credit the purchase price by any refund due to you pursuant to Section 8(b), provided however, that in no case shall such a credit result in a net purchase price that is less than the minimum purchase price set forth on Exhibit A.fair market value. (ef) At other times, please contact Sunrun at (000) 000-0000 to discuss the possibility of purchasing the Solar Facility. (fg) If you purchase the Solar Facility, Sunrun will continue to monitor the Solar Facility for as long as the meter continues to function, or until the twentieth anniversary of this AgreementLease, whichever is sooner. However, Sunrun will not provide any maintenance or repair unless you enter into a separate agreement with Sunrun, at your expense, to perform these services. If possible, Sunrun will assign to you any product and/or workmanship warranties still in effect for the Solar Facility.

Options to Purchase. (a) You have the option to purchase the Solar Facility at the following times during the Initial Term: (i) Upon the fifth anniversary of the In-Service Date (ii) At the end of the Initial Term of this Agreement (iii) Should you sell your Property during the Initial Term (iviii) Should Sunrun fail to perform Sunrun's Obligations (in accordance with Section 18) (b) To purchase the Solar Facility pursuant to Section 10(a), you must deliver a written notice to Sunrun of your intent to purchase within sixty (60) days of the applicable date and deliver payment to Sunrun within thirty (30) days of receiving an invoice from Sunrun for the purchase price. (c) The purchase price will be the greater of (i) fair market valuevalue ("FMV"), as determined at the time ("FMV") and (ii) the minimum price set forth in Exhibit A. that time. Annually, Sunrun will determine the FMV of the Solar Facility by hiring an independent appraiser to estimate the value of a comparable in-service solar facility in your state and utility service area. This valuation will take into account the Solar Facility's age; location; size; and other market characteristics such as equipment type and equipment operating, maintenance and service costs, value of electricity in your area, and any applicable solar incentives. (d) If you purchase the Solar Facility, you will be obligated to pay Sunrun an amount equal to the value of any federal, state and local incentives that Sunrun must return as a result of the sale. (e) Sunrun will credit the purchase price by any refund due to you pursuant to Section 8(b), provided however, that in no case shall such a credit result in a net purchase price that is less than the minimum purchase price set forth on Exhibit A.fair market value. (ef) At other times, please contact Sunrun at (000) 000-0000 to discuss the possibility of purchasing the Solar Facility. (fg) If you purchase the Solar Facility, Sunrun will continue to monitor the Solar Facility for as long as the meter continues to function, or until the twentieth anniversary of this AgreementLease, whichever is sooner. However, Sunrun will not provide any maintenance or repair unless you enter into a separate agreement with Sunrun, at your expense, to perform these services. If possible, Sunrun will assign to you any product and/or workmanship warranties still in effect for the Solar Facility.

Options to Purchase. (a) You have the option to purchase the Solar Facility at the following times during the Initial Term: (i) Upon the fifth anniversary of the In-Service Date (ii) At the end of the Initial Term of this Agreement (iii) Should you sell your Property during the Initial Term (iviii) Should Sunrun fail to perform Sunrun's Obligations (in accordance with Section 18) (b) To purchase the Solar Facility pursuant to Section 10(a), you must deliver a written notice to Sunrun of your intent to purchase within sixty (60) days of the applicable date and deliver payment to Sunrun within thirty (30) days of receiving an invoice from Sunrun for the purchase price. (c) The purchase price will be the greater of (i) fair market value, as determined at the that time ("FMV") and (ii) the minimum price set forth in Exhibit A. ). Annually, Sunrun will determine the FMV of the Solar Facility by hiring an independent appraiser to estimate the value of a comparable in-service solar facility in your state and utility service area. This valuation will take into account the Solar Facility's ’s age; location; size; and other market characteristics such as equipment type and equipment operating, maintenance and service costs, value of electricity in your area, and any applicable solar incentives. (d) If you purchase the Solar Facility, you will be obligated to pay Sunrun an amount equal to the value of any federal, state and local incentives that Sunrun must return as a result of the sale. [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. (e) Sunrun will credit the purchase price by any refund due to you pursuant to Section 8(b), provided however, that in no case shall such a credit result in a net purchase price that is less than the minimum purchase price set forth on Exhibit A.fair market value. (ef) At other times, please contact Sunrun at (000) 000-0000 to discuss the possibility of purchasing the Solar Facility. (fg) If you purchase the Solar Facility, Sunrun will continue to monitor the Solar Facility for as long as the meter continues to function, or until the twentieth anniversary of this AgreementLease, whichever is sooner. However, Sunrun will not provide any maintenance or repair unless you enter into a separate agreement with Sunrun, at your expense, to perform these services. If possible, Sunrun will assign to you any product and/or workmanship warranties still in effect for the Solar Facility.