Purchase Option Events Sample Clauses

Purchase Option Events. So long as no Bankruptcy Default or any Event ---------------------- of Default has occurred and is continuing, Lessee shall have the right to purchase: (i) if Lessee timely delivers or is deemed to have delivered the Final Notice contemplated by Section 18(a)(ii) or 18(d) (stating that it will purchase the Transponders identified in such Final Notice), such Transponders on the expiration date of the Lease Term or the First Renewal Term, as applicable, at a purchase price equal to the Fair Market Sales Value of such Transponders as of such date as determined pursuant to the most recent Subsequent Appraisal; (ii) all (but not less than all) of the Transponders (A) on the First EBO Date at a purchase price equal to the First EBO Amount therefor or (B) on the Second EBO Date at a purchase price equal to the greater of (x) the Second EBO Amount therefor and (y) the Fair Market Sales Value of such Transponders as of such date as determined by an appraisal obtained in accordance with Section 19(b)(i); and (iii) if Owner Participant has become a Competitor and fails to transfer all of its right, title and interest in and to the Lessor's Estate and the Operative Documents in accordance with Article XIII of the Participation Agreement within three (3) months after the Owner Participant has become a Competitor, all (but not less than all) of the Transponders on any Rent Payment Date, at a purchase price equal to the greater of (A) the Termination Value for such Transponders as of such Rent Payment Date and (B) the Fair Market Sales Value of such Transponders as of such Rent Payment Date.

Purchase Option Events. Upon the occurrence of one or more of the following events, all of the Stock owned by a Shareholder may, but need not, be purchased by the Corporation and the remaining Shareholders: (i) The insolvency or bankruptcy of a Shareholder; (ii) Attachment, levy, execution, foreclosure or operation of law of or against Stock owned by a Shareholder; (iii) Any other procedure for the liquidation of the entire estate or affairs of a Shareholder or other operation of law which serves to divest the Shareholder of control and voting rights in Stock of the Corporation; (iv) Any attempt by a Shareholder to sell or transfer any Stock without complying with the provisions of Section 5.5, including without limitation, by selling, transferring or otherwise disposing of all or substantially all of the assets of the Shareholder; (v) Any “change in control” of any Shareholder. “Change in control” means any sale, transfer, exchange, merger, reorganization or other disposition of a Shareholder’s stock/equity if, immediately following the effective date of such sale, transfer, exchange, merger, reorganization or other disposition, the individuals and entities who were the shareholders/equity holders of the Shareholder on the date hereof, do not directly or indirectly own more than fifty percent (50%) of the total combined voting power of all classes of stock/equity issued by such Shareholder;

Purchase Option Events. So long as no Bankruptcy Default or any Event of Default under Section 15(a) or (b) has occurred and is continuing, Lessee shall have the right to purchase: (i) if Lessee timely delivers the Final Notice contemplated by clause (i) of the first paragraph of Section 18(a) (stating that it will purchase Buyer’s Transponders), Buyer’s Transponders on the expiration date of the Basic Term or the Renewal Term at a purchase price equal to the Basic Term Buyout Amount or the Renewal Term Buyout Amount, as applicable; (ii) Buyer’s Transponders on the EBO Date at a purchase price equal to the EBO Amount; and (iii) in the event of a Regulatory Event of Loss, Buyer’s Transponders on a Casualty Payment date set by Lessee within the ninety (90) day period after receiving a Regulatory Event of Loss Certificate (or such earlier Casualty Payment Date (not less than thirty (30) days following such receipt) as is necessary to avoid imposition of the material burden giving rise to such Regulatory Event of Loss) for an amount equal to the Stipulated Loss Value of Buyer’s Transponders as of the Casualty Payment Date preceding the purchase date.