Purchase and Renewal Sample Clauses

Purchase and Renewal a. The Extended Warranty may be purchased at the same time as the warranted products or at any time while the Standard Warranty is in effect.
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Purchase and Renewal. The following provisions shall govern the purchase of the Equipment and the renewal of the Lease: (a) if Lessee elects to purchase the Equipment or renew the Lease, in any such case, in any such case Lessee shall advise Lessor thereof in writing at least 90 days prior to the expiration of the then Applicable Term; (b) if Lessee elects to purchase the Equipment, it may do so by purchasing all (but not less than all) of the Equipment at the end of the then Applicable Term at the Fixed Purchase Price; or (c) if Lessee elects to renew this Lease it may do so with respect to all (but not less than all) of the Equipment by entering into a mutually agreeable renewal agreement with Lessor at least 30 days prior to the expiration of the then Applicable Term, confirming the length of the renewal term and the Rent for such period in an amount equal to the Fixed Renewal Price; (d) in the event that Lessee fails to fulfill the foregoing provisions of this Section B for either a purchase, renewal, as the case may be, the Lease will be automatically extended for successive 30 day periods until Lessee complies with the applicable purchase or renewal provisions; (e) if this Lease is extended (as opposed to renewed) pursuant to any of the provisions hereof, Lessee shall continue to pay Lessor the monthly Rent payments in effect prior to the expiration of the Applicable Term and all other provisions of the Master Agreement and this Schedule (including Lessee's purchase and renewal options) shall remain in full force and effect; (f) if Lessee elects to purchase the Equipment and has fulfilled the terms and conditions of the Master Agreement and this Section B, then on the last day of the Applicable Term: (A) this Schedule shall terminate and, except as provided in Section 21 of the Master Agreement, Lessee shall be relieved of all obligations under this Schedule; and (B) Lessor shall transfer all of its interest in the Equipment to Lessee "AS IS, WHERE IS," and without any warranty, express or implied from Lessor, other than the absence of any liens or claims by, through, or under Lessor; and (h) notwithstanding any of the foregoing provisions to the contrary, if Lessee is in Default of the Lease, Lessor may cancel any extension or renewal of any term upon ten (10) days prior written notice to Lessee.
Sample 1
Purchase and Renewal. ‌ The Contractor shall, within no later than twenty-one (21) Days of the State issuing the Notice of Contract award, furnish to the State, at no additional cost to the State, an irrevocable Letter of Credit for Transition Services. The irrevocable Letter of Credit for Transition Services shall be from a bank doing business in this State and insured by the Federal Deposit Insurance Corporation in the amount of eight million dollars ($8,000,000). The term of the irrevocable Letter of Credit for Transition Services shall be from the Contract start date and remain in effect throughout the Transition Services phase until State Acceptance of Transition Services. The Contractor shall, no less than twenty-one (21) Days prior to the actual start date of Implementation Services, furnish to the State an irrevocable Letter of Credit for Implementation Services, at no additional cost to the State, which may run concurrent to the Transition Services phase. The irrevocable Letter of Credit for Implementation Services shall be independent of and in addition to the irrevocable Letter of Credit for Transition Services. The irrevocable Letter of Credit for Implementation Services shall be from a bank doing business in this State and insured by the Federal Deposit Insurance Corporation in the amount of three million dollars ($3,000,000). The term of the irrevocable Letter of Credit for Implementation Services shall be from the actual start date of Implementation Services and remain in effect throughout the Implementation Services phase until State Acceptance of Implementation Services. If the expiration date on either the irrevocable Letter of Credit for Transition Services or the irrevocable Letter of Credit for Implementation Services occurs prior to State Acceptance of Transition Services or State Acceptance of Implementation Services, respectively, the Contractor shall provide the State with an extension of the irrevocable Letter of Credit for Transition Services or the irrevocable Letter of Credit for Implementation Services that shall be valid until at least thirty (30) Days after the revised date for the successful completion of Transition Services or Implementation Services.
Sample 1
Purchase and Renewal. If no default shall have occurred and is continuing hereunder or under any EQUIPMENT SCHEDULE or under the Related Documents, and provided that all lease payments due, and all lease payments that would have been due notwithstanding any deferral as provided in paragraph 5(b) above, have been paid in full, Lessee shall have the option, exercisable at any time, to elect to purchase all of the PROPERTY under each and every EQUIPMENT SCHEDULE to this LEASE (but not less than all the EQUIPMENT SCHEDULES to this LEASE), for the Lessor's purchase cost less sixty percent (60%) of all rents paid to that date for such EQUIPMENT SCHEDULE. In the event that the purchase option is not exercised, Lessee may give Lessor six months written notice of its intention to terminate all of the EQUIPMENT SCHEDULES to this LEASE. Should Lessee fail to give notice to Lessor six months prior to the end of the INITIAL TERM of the EQUIPMENT SCHEDULE, the LEASE TERM shall be extended, until Lessee gives such six months notice to terminate the EQUIPMENT SCHEDULE. In the event an EQUIPMENT SCHEDULE is extended, Lessee shall continue to pay Lessor rent at the rate of 40% of the EQUIPMENT RENT as provided in Paragraph 5(b) above.
Sample 1
Purchase and Renewal. This agreement becomes effective on January 18, 2013, and Software Support and Maintenance will commence on that date and cover Customer’s Software for each Support Service Term, subject to APS’s end of life policy as set out below and subject to Customer having Software Support and Maintenance in force continuously from the date Software is first accepted by Customer. Upon the expiration of the warranty for the ten additional QuickTicket licenses purchased by Customer April 2012, those licenses shall also be covered by this Software Support and Maintenance Agreement. Except for software covered by an applicable warranty, Software Support and Maintenance will continue under this agreement for a period of one year. At the end of that year, subject to payment of the renewal price by the Customer and APS's end of life policy, the agreement will automatically renew on the same terms and conditions for one additional year, unless either party notifies the other at least 30 days in advance of the renewal of its intent to terminate the agreement. If APS upgrades software covered by a warranty during the term of this contract, the contract shall become month-to-month and Customer's obligation to pay shall be suspended until the month following expiration of any applicable warranty period. APS will send Customer an invoice for the renewal price for Software Support and Maintenance approximately 30 - 60 days prior to each anniversary date of the acceptance of the Software. Customer must pay the invoice amount to APS within 30 days of the invoice date in order not to lose continuity in Software Support and Maintenance.
Sample 1

Related to Purchase and Renewal

  • Purchase and Conveyance The Seller, in exchange for the payment of the applicable Purchase Price by the Purchaser on the related Closing Date, receipt of which is hereby acknowledged, hereby sells, transfers, assigns, sets over and conveys to the Purchaser, without recourse, but subject to the terms of this Agreement, all of its rights, title and interest in and to the Mortgage Loans, including the related Mortgage Note and Mortgages, in a Mortgage Loan Package having a Stated Principal Balance in an amount as set forth in the related PPTL, or in such other amount as agreed by the Purchaser and the Seller as evidenced by the actual aggregate principal balance of the Mortgage Loan Package accepted by the Purchaser on the related Closing Date, together with the related Mortgage Files and all rights and obligations arising under the documents contained therein, on a servicing released basis. With respect to each Mortgage Loan, the Purchaser shall own and be entitled to (1) all Monthly Payments due after the related Cut-off Date, (2) all other recoveries of principal collected after the related Cut-off Date (provided, however, that the principal portion of all Monthly Payments due on or before the related Cut-off Date and collected by the Seller or any successor servicer after the related Cut-off Date shall belong to the Seller), and (3) all payments of interest on the Mortgage Loans (minus that portion of any such payment which is allocable to the period prior to the related Cut-off Date). The Stated Principal Balance of each Mortgage Loan as of the related Cut-off Date is determined after application of payments of principal due on or before the related Cut-off Date whether or not collected, together with any unscheduled Principal Prepayments collected prior to the related Cut-off Date; provided, however, that Monthly Payments for a Due Date beyond the Cut-off Date shall not be applied to reduce the principal balance. Such Monthly Payments shall be the property of the Purchaser. If the Servicing Transfer Date has not yet occurred, the Seller shall remit any such Monthly Payments to the Purchaser on the Remittance Date following collection thereof. If the Servicing Transfer Date has occurred, the Seller shall remit any such Monthly Payments to the Purchaser in accordance with the Servicing Transfer Instructions.

  • Agreement to Purchase and Sell On the terms and subject to the conditions set forth in this Agreement, each Originator, severally and for itself, agrees to sell to the Buyer, and the Buyer agrees to purchase from such Originator, from time to time on or after the Closing Date, but before the Purchase and Sale Termination Date (as defined in Section 1.4), all of such Originator’s right, title and interest in and to:

  • Amendment to Purchase Agreement The Purchase Agreement is hereby amended as follows:

  • The Purchase Agreement This Agreement has been duly authorized, executed and delivered by the Company and the Guarantors.

  • Purchase and Resale of the Securities (a) The Company agrees to issue and sell the Securities to the several Initial Purchasers as provided in this Agreement, and each Initial Purchaser, on the basis of the representations, warranties and agreements set forth herein and subject to the conditions set forth herein, agrees, severally and not jointly, to purchase from the Company the respective principal amount of Securities set forth opposite such Initial Purchaser’s name in Schedule 1 hereto at a price equal to 95.889% of the principal amount thereof plus accrued interest, if any, from March 12, 2004 to the Closing Date. The Company will not be obligated to deliver any of the Securities except upon payment for all the Securities to be purchased as provided herein.

  • Agreement to Purchase and Sell Shares Subject to the terms and conditions of this Agreement, at the Closing (as herein defined), the Company shall sell and issue to the Purchaser, 48,077 shares of Common Stock (the shares of Common Stock purchased by the Purchaser, the “Purchased Shares”) for an aggregate purchase price of $25,000 and a per share purchase price of $0.52 (such amount being equal to the OTCQX closing transaction price of the Common Stock on the previous business day).

  • Terms of the Purchase Agreement The terms of the Purchase Agreement, including but not limited to Assignor's representations, warranties, covenants, agreements and indemnities relating to the Assumed Liabilities, are incorporated herein by this reference. Assignor acknowledges and agrees that the representations, warranties, covenants, agreements and indemnities contained in the Purchase Agreement shall not be superseded hereby but shall remain in full force and effect to the full extent provided therein. In the event of any conflict or inconsistency between the terms of the Purchase Agreement and the terms hereof, the terms of the Purchase Agreement shall govern.

  • Stock Purchase Agreement Each Purchaser understands and agrees that the conversion of the Notes into equity securities of the Company will require such Purchaser’s execution of certain agreements relating to the purchase and sale of such securities as well as any rights relating to such equity securities.

  • Agreement to Purchase and Sell Stock Subject to the terms and conditions of this Agreement, the Company agrees to sell to each of the Investors at the Closing (as defined below), and each of the Investors agrees to purchase from the Company at the Closing, the number of shares of the Company's Common Stock set forth opposite such Investor's name on the Schedule of Investors (collectively, the "Shares") at a price of $39.00 per share.

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