Purchase or Return Sample Clauses
The PURCHASE OR RETURN clause allows a buyer to purchase goods with the option to return them to the seller if they are not sold or needed. Typically, this arrangement applies to inventory or consignment sales, where the buyer takes possession of goods but retains the right to return unsold items within a specified period, often subject to certain conditions such as the goods being in original condition. This clause provides flexibility for buyers to manage inventory risk and helps sellers encourage larger orders by reducing the buyer’s financial exposure.
Purchase or Return. Upon written notice delivered to Lessor at least 180 days but no more than 270 days prior to the Second Renewal Term expiration date, and so long as Lessee is not then in default under this Lease or any other agreement between Lessor and Lessee, Lessee shall have the option to (A) purchase, for a cash price equal to the applicable Estimated Residual Value (as defined below and as set forth in Exhibit 1 to this Schedule) plus applicable taxes, all and not less than all of the Equipment leased under such Schedule, or (B) subject to the terms and conditions set out in paragraph (e) of this Section XX, return to Lessor all but not less than all of the Equipment. If Lessee elects to purchase the Equipment, then on the Second Renewal Term expiration date, Lessee shall pay to Lessor the purchase price (plus applicable taxes) and all other sums due and unpaid on such date (including but not limited to the last scheduled payment of Second Renewal Term Rent). If all of the terms and conditions of this paragraph are not fulfilled, this Lease shall continue in full force and effect as if the Extension Option had been elected, and Lessee shall continue to be liable for all obligations thereunder, including, without limitation, the obligation to continue paying rent.
Purchase or Return. Upon written notice delivered to Lessor at least 180 days but no more than 270 days prior to the Second Renewal Term expiration date, and so long as there exists no Event of Default, Lessee shall have the option to (A) purchase the Aircraft on an AS IS BASIS, for a cash price equal to the applicable Estimated Residual Value (specified on Schedule 2 to Annex B), plus applicable taxes, or (B) subject to the terms and conditions set out in Section 19(d) below, return the Aircraft to Lessor. If Lessee elects to purchase the Aircraft, then on the Second Renewal Term expiration date, Lessee shall pay to Lessor the applicable Estimated Residual Value (specified on Schedule 2 to Annex B) (plus applicable taxes) and all other sums due and unpaid on such date (including but not limited to the last scheduled payment of Second Renewal Term Rent). If all of the terms and conditions of this paragraph are not fulfilled, this Lease shall continue in full force and effect as if the Extension Option had been elected, and Lessee shall continue to be liable for all obligations thereunder, including, without limitation, the obligation to continue paying rent.
Purchase or Return. Upon written notice delivered to Lessor at least 180 days but no more than 270 days prior to the First Renewal Term expiration date, and so long as there exists no Event of Default, Lessee shall have the option to (A) purchase the Aircraft on an AS IS BASIS, for a cash price equal to the applicable Estimated Residual Value (specified on Schedule 2 to Annex B), plus applicable taxes, or (B) subject to the terms and conditions set out in Section 19(d) below, return the Aircraft to Lessor. If Lessee elects to purchase the Aircraft, then on the First Renewal Term expiration date, Lessee shall pay to Lessor the applicable Estimated Residual Value (specified on Schedule 2 to Annex B) (plus applicable taxes) and all other sums due and unpaid on such date (including but not limited to the last scheduled payment of First