Reimbursement of Purchase Price. Lessee shall present to Lessor documentation ("Purchase Documentation"), in form and substance satisfactory to Lessor in its sole discretion, which includes (1) a Schedule which describes all units of Equipment ordered, received and accepted by Lessee as agent for Lessor in connection with such Schedule, (2) an invoice issued by the Supplier in the name of Lessor stating the Purchase Price of such Equipment, (3) includes evidence of the payment of the Purchase Price paid to Supplier for each such unit of Equipment and of passage of title thereto to Lessor, and (4) confirmation reasonably acceptable to Lessor that such Equipment has then been placed in service by Lessee pursuant to the Lease. Upon Lessor's receipt of the Purchase Documentation on or before the Base Lease Commencement Date by Lessor, if no default pursuant to Section XII of the Master Lease Agreement or event which, with the giving of notice or the lapse of time, or both, would constitute such a default (a "Default"), has then occurred, Lessor shall reimburse Lessee for the aggregate Purchase Price paid by Lessee for all Equipment purchased hereunder in connection with such Schedule.
Reimbursement of Purchase Price. Except as provided in Sections l(c)(vii) and 2(b)(vi) herein, the parties agree that GRMC shall reimburse Buyer or the Realty Company for one-half of that amount of the purchase price (without any interest) for which Buyer or the Realty Company is not otherwise reimbursed in respect to any assets purchased and paid for by Buyer or the Realty Company hereunder in the event that Buyer or the Realty Company is compelled by any court, agency or other authority, whether state, federal, local or otherwise, to convey, assign or transfer such assets to any distributor or service station dealer. It is specifically agreed by the parties hereto that in such event reimbursement of the purchase price as set forth herein or an adjustment to the final purchase price as provided in Sections 1(c)(vii) and 2(b)(vi) herein shall be Buyer’s and the Realty Company’s sole remedy against Texaco, GOC or GRMC.
Reimbursement of Purchase Price. On or before the Lease Commencement Date for any Schedule, the Company shall present to Lessor documentation ("Purchase Documentation"), in form and substance satisfactory to Lessor in its sole discretion, which (i) describes all units of Equipment ordered, received and accepted by the Company as agent for Lessor in connection with such Schedule, and (ii) includes evidence of the Purchase Price paid to Supplier for each such unit of Equipment and of passage of title thereto to Lessor. Upon the latter or (A) Lessor's receipt of the Purchase Documentation or (B) the applicable Lease Commencement Date, Lessor shall reimburse the Company for the aggregate Purchase Price for all Equipment purchased hereunder in connection with such Schedule.
Reimbursement of Purchase Price. In the event that the Purchaser shall have delivered the payment of the purchase price for the Purchased Shares which the Purchaser has agreed to purchase in the Price Notice, and either (i) this Agreement shall have been terminated pursuant to Section 10 or (ii) the Closing shall not have been consummated by the Termination Date for any reason (whether or not this Agreement shall have been terminated), the Company hereby agrees that it shall promptly (but in no event later than two (2) Business Days following the earlier of the termination of this Agreement or the Termination Date, as the case may be) reimburse the Purchaser the full amount of such payment, together with interest at a rate of 10% per annum calculated daily from the date of payment by the Purchaser to the date of such reimbursement.
Reimbursement of Purchase Price. If (i) the Company has already purchased any Unit of Equipment (not purchased on behalf of the Owner) and on the Construction Closing Date is the owner of such Unit, free and clear of any Liens (including no Permitted Liens), or (ii) the Company has made partial payment of the purchase price for any Unit of Equipment for which title thereto is retained by the Vendor, then upon receipt by the Owner of the applicable Funding Request (for which applicable conditions precedent have been satisfied or waived by the Owner) and the applicable Purchase Documentation (including evidence that Owner shall have free and clear title to such Units of Equipment upon payment in full of the purchase price to Vendor), the Owner shall, in the case of clause (i) above, reimburse the Company, in its capacity as Vendor, for the aggregate purchase price for all such Unit(s) of Equipment, and will acquire title over such Unit(s) of Equipment from the Company, free and clear of any Lien, and in the case of (ii) above, shall reimburse Company for the portion of the purchase price it has previously paid to the Vendor(s) with respect to such Unit(s) of Equipment and shall pay the remaining unpaid portion of the purchase price to the Vendor(s) as and when required by the Purchase Documents in accordance with the provisions of Section 3.3.
