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Purchase of System Sample Clauses

Purchase of System. If Customer has not elected to renew the term of this Agreement in accordance with Section 10.3.1, Customer may purchase the System by providing Provider written notice of its intent to purchase the System no later than one-hundred and eighty (180) days prior to the Expiration Date, and paying Provider the Fair Market Value thereof no later than the relevant Expiration Date. The “Fair Market Value” of the System shall be the value determined by the mutual agreement of Customer and Provider within ten (10) days after receipt by Provider of Customer’s notice of its election to purchase the System. If Customer and Provider cannot mutually agree to a Fair Market Value, then the Parties shall jointly select a nationally recognized independent appraiser with whom the parties have discussed methods and assumptions, with experience and expertise in the solar photovoltaic industry to value such equipment. Such appraiser shall act reasonably and in good faith to determine the Fair Market Value and shall set forth such determination in a written opinion delivered to the Parties. The valuation made by the appraiser shall be binding on the Parties in the absence of fraud or manifest error. The costs of the appraisal shall be borne by the Parties equally. To the extent transferable, the remaining period, if any, on all warranties for the System will be transferred from Provider to Customer. If the Parties are unable to agree on the selection of an appraiser, such appraiser shall be jointly selected by the appraiser firm proposed by the Customer and the appraiser firm proposed by the Provider. Upon receipt by Provider of payment of the Fair Market Value, title to the System as well as available Environmental Attributes and Environmental Financial Incentives from the System shall transfer to Customer as-is, where-is.
Sample 1Sample 2Sample 3See All (8)
Purchase of System. 2.1 You agree to purchase the System from us for the Contract Price on and subject to the terms of the Contract. 2.2 We agree to supply and make available the System. We will enter into a contract with an Installation Subcontractor to install the System at your Premises. 2.3 We will only sell any System to you after it has been installed by the Installation Contractor at your Premises. Prior to Installation, we will have no obligation under the Contract to sell any System to you.
Sample 1
Purchase of System. 1.1 You agree to purchase and we agree to sell you the system or unit set out in the Offer ("System") on and subject to the terms of the Contract.
Sample 1
Purchase of System. Unless District is in default of its obligations under this Agreement, District shall have the option to purchase all of Provider’s right, title, and interest in and to the System on each anniversary of the Commercial Operation Date or upon expiration of the Term hereof (“Purchase Option”). If District wishes to exercise its Purchase Option, it must provide notice to Provider at least ninety (90) Days in advance of any such anniversary or the expiration of the Term. The purchase price shall be the greater of (i) the Fair Market Value, as defined under this Agreement, of the System as of the applicable anniversary date or the expiration of the Term or (ii) the applicable Purchase Option Price indicated in Exhibit E. Upon the exercise of the Purchase Option and Provider’s receipt of all amounts then owing by District under this Agreement, the Parties will execute all documents necessary for the purchase and sale of the System, including but not limited to, the delivery of the purchase price, the transfer of title to the System, and to the extent transferable, the remaining period, if any, on all warranties and Environmental Financial Incentives and Green Attributes for the System to District. Provider shall remove any encumbrances placed or allowed on the System by Provider. On the date on which Provider transfers title to the System to District in accordance with this Section, this Agreement shall terminate without default or penalty to District.
Sample 1
Purchase of System. If the ownership of the electrical distribution system on the Reserve is determined by both Hydro and Split Lake Cree to be feasible, and is desirable to Split Lake Cree, then after the formation of Split Lake Cree Distribution Company, Split Lake Cree will cause Split Lake Cree Distribution Company to purchase the then existing electrical distribution system on the Reserve, or such portion thereof as is agreed upon by Split Lake Cree and Hydro. The purchase price shall be the book value of such assets as recorded on the books and records of Hydro, or such other price as may be agreed upon by Hydro and Split Lake Cree. The agreement shall include: a prohibition against Split Lake Cree and Split Lake Cree Distribution Company selling, a) transferring or otherwise disposing of the assets purchased from Hydro, except to Hydro, without Hydro's prior written consent; a provision that Split Lake Cree and Split Lake Cree Distribution Company will b) maintain, or cause to be maintained, in accordance with technical and legal standards applicable to like systems in the Province of Manitoba, the electrical distribution system including, without limitation, all meters, in good condition and repair; and, a provision that Split Lake Cree and Split Lake Cree Distribution Company shall, at all c) times, employ, or contract for the provision of, qualified personnel necessary to ensure proper operation of the electrical distribution system.
Sample 1
Purchase of System. If the ownership of the electrical distribution system on the Reserve is determined by both Hydro and Split Lake Cree to be feasible, and is desirable to Split Lake Cree, then after the formation of Split Lake Cree Distribution Company, Split Lake Cree will cause Split Lake Cree Distribution Company to purchase the then existing electrical distribution system on the Reserve, or such portion thereof as is agreed upon by Split Lake Cree and Hydro. The purchase price shall be the book value of such assets as recorded on the books and records of Hydro, or such other price as may be agreed upon by Hydro and Split Lake Cree. The agreement shall include: a. a prohibition against Split Lake Cree and Split Lake Cree Distribution Company selling, transferring or otherwise disposing of the assets purchased from Hydro, except to Hydro, without Hydro's prior written consent; b. a provision that Split Lake Cree and Split Lake Cree Distribution Company will maintain, or cause to be maintained, in accordance with technical and legal standards applicable to like systems in the Province of Manitoba, the electrical distribution system including, without limitation, all meters, in good condition and repair; and, c. a provision that Split Lake Cree and Split Lake Cree Distribution Company shall, at all times, employ, or contract for the provision of, qualified personnel necessary to ensure proper operation of the electrical distribution system. Failing agreement, the terms and conditions of such sale, other than the purchase price and the required provisions set out in paragraphs 14.2.3 (a), (b) and (c) of this Article, shall be fixed or settled in accordance with the Dispute Resolution Mechanism provided in Article 16 of this Agreement. Hydro, Split Lake Cree and Split Lake Cree Distribution Company shall execute and deliver a purchase and sale agreement, which shall set out the terms and conditions agreed upon, or determined as provided in this Article. Neither Canada nor Manitoba shall be named as a respondent to any arbitration, or be bound by any decision or award, relating to the terms and provisions of the purchase and sale agreement.
Sample 1

Related to Purchase of System

  • Purchase of Stock 2 Section 1.1

  • Purchase of Equipment For any equipment purchased in whole or in part with Grant Funds, if Grantor determines that Grantee has not met the conditions of 2 CFR 200.439, the costs for such equipment will be disallowed. Grantor must notify Grantee in writing that the purchase of equipment is disallowed.

  • Sale and Purchase of Stock 10 2.1. Sale and Purchase of Stock, Etc.......................................................10 2.2. Deposit...............................................................................10 2.3.

  • Purchase of Shares For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby purchases the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall, at its option, deliver to the Subscriber a certificate registered in the Subscriber’s name representing the shares (the “Original Certificate”), or effect such delivery in book-entry form.

  • Purchase of Note On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company such principal amount of Note as is set forth immediately below the Buyer’s name on the signature pages hereto.

  • Purchase of Units On the basis of the representations and warranties herein contained, but subject to the terms and conditions herein set forth, the Company agrees to issue and sell to the several Underwriters, severally and not jointly, an aggregate of 20,000,000 units of the Company (the “Firm Units”) at a purchase price (net of discounts and commissions) of $9.80

  • Purchase of Bonds The Company may at any time, and from time to time, furnish moneys to the Trustee accompanied by a notice directing the Trustee to apply such moneys to the purchase in the open market of Bonds in the principal amounts specified in such notice, and any Bonds so purchased shall thereupon be canceled by the Trustee.

  • Sale and Purchase of Shares Upon the terms and subject to the conditions contained herein, on the Closing Date the Seller shall sell, assign, transfer, convey and deliver to the Purchaser, and the Purchaser shall purchase from the Seller, all of the Shares.

  • Purchase of Products You agree to purchase from Us the hardware products, software licenses and services listed on the Order Form, together with all existing accessories, attachments, replacements, and additions (collectively the “Products”) upon the terms stated herein. For the avoidance of doubt, postage meters for use in mailing machines are excluded from the definition of Products. This Purchase Agreement is binding on You as of the date You sign it. This Purchase Agreement is not binding on Us until We sign it or until the Products are shipped, whichever happens first.

  • Purchase of Notes The Company will not and will not permit any Subsidiary or any Affiliate to purchase, redeem, prepay or otherwise acquire, directly or indirectly, any of the outstanding Notes except (a) upon the payment or prepayment of the Notes in accordance with the terms of this Agreement and the Notes or (b) pursuant to a written offer to purchase any outstanding Notes made by the Company or an Affiliate pro rata to the holders of all the Notes then outstanding upon the same terms and conditions. Any such offer shall provide each holder with sufficient information to enable it to make an informed decision with respect to such offer, and shall remain open for at least ten (10) Business Days. If the holders of more than 50% of the aggregate principal amount of the Notes then outstanding accept such offer, the Company shall promptly notify the remaining holders of Notes of such fact and the expiration date for the acceptance by holders of Notes of such offer shall be extended by the number of days necessary to give each such remaining holder at least five (5) Business Days from its receipt of such notice to accept such offer. The Company will promptly cancel all Notes acquired by it or any Subsidiary or any Affiliate pursuant to any payment, prepayment or purchase of Notes pursuant to any provision of this Agreement and no Notes may be issued in substitution or exchange for any such Notes.

Most Referenced Clauses

Most Referenced Definitions