Termination of Option to Purchase. Either Boeing or Buyer may terminate the Options to purchase an Option Aircraft if any of the following events are not accomplished by the respective dates contemplated in this letter agreement, or in the Agreement, as the case may be:
(i) termination of the purchase of the Aircraft under the Agreement for any reason;
(ii) payment by Buyer of the Deposit with respect to an Option Aircraft pursuant to paragraph 4.1 herein;
(iii) exercise of an Option to purchase an Option Aircraft pursuant to the terms hereof. Any termination of an Option to purchase by Boeing which is based on the termination of the purchase of Aircraft under the Agreement will be on a one- for-one basis, for each Aircraft so terminated.
Termination of Option to Purchase. Either Boeing or Buyer may terminate the option to purchase an Option Aircraft if any of the following events are not accomplished by the respective dates contemplated in this letter agreement, or in the Agreement, as the case may be:
(i) termination of the purchase of the Aircraft under the Agreement for any reason;
(ii) payment by Buyer of the Deposit with respect to an Option Aircraft pursuant to paragraph 4.1 herein;
(iii) exercise of an option to purchase an Option Aircraft pursuant to the terms hereof. Any termination of an option to purchase by Boeing which is based on the termination of the purchase of Aircraft under the Agreement will be on a one-for-one basis, for each Aircraft so terminated. Any cancellation of an option to purchase which is based on failure to make the required Deposit or to exercise the option to purchase shall only apply to the Option Aircraft so canceled. Termination of an option to purchase provided by this letter agreement will be caused by either party giving written notice to the other within 10 days after the applicable date. Upon receipt of such notice, all rights and obligations of the parties with respect to an Option Aircraft for which the option to purchase has been terminate will thereupon terminate. If termination is result of a revision of an option exercise date by Boeing pursuant to paragraph 5.2, Boeing will promptly refund to Buyer, without interest, any payments received from Buyer, including the Deposit, with respect to the Option Aircraft for which the option is terminated. If termination is for any other reason, Boeing will promptly refund to Buyer, without interest, any payments received from Buyer with respect to the affected Option Aircraft, except the Deposit, which Buyer may apply to any model Boeing aircraft purchased by Buyer from Boeing at a future date. Xxxxxxxxx Xxxxxxxx Xx. 0-0000-XXX-000X0 Page 8
Termination of Option to Purchase. Any termination of this Lease pursuant to this Article shall cause any option to purchase granted to Tenant under this Lease and the right to extend the Term by any Extended Term to be terminated and to be without further force or effect.
Termination of Option to Purchase. Either Boeing or Buyer may terminate the option to purchase an Option Aircraft if any of the following events are not accomplished by the respective dates contemplated in this letter agreement, or in the Agreement, as the case may be:
(i) termination of the purchase of the Aircraft under the Agreement for any reason;
(ii) payment by Buyer of the Deposit with respect to an Option Aircraft pursuant to paragraph 4.1 herein;
(iii) exercise of an option to purchase an Option Aircraft pursuant to the terms hereof. Any termination of an option to purchase by Boeing which is based on the termination of the purchase of Aircraft under the Agreement will be on a one-for-one basis, for each Aircraft so terminated. Any cancellation of an option to purchase which is based on failure to make the required Deposit or to exercise the option to purchase shall only apply to the Option Aircraft so canceled. Termination of an option to purchase provided by this letter agreement will be caused by either party giving written notice to the other within 10 days after the applicable date. Upon receipt of such notice, all rights and obligations of the parties with respect to an Option Aircraft for which the option to purchase has been terminate will thereupon terminate.
Termination of Option to Purchase. The Option to Purchase shall terminate:
Termination of Option to Purchase. Either Boeing or Buyer may terminate the option to purchase an Option Aircraft if any of the following events are not accomplished by the respective dates contemplated in this letter agreement, or in the Agreement, as the case may be:
(i) termination of the purchase of the Aircraft under the Agreement for any reason;
(ii) payment by Buyer of the Deposit with respect to an Option Aircraft pursuant to paragraph 4.1 herein;
(iii) exercise of an option to purchase an Option Aircraft pursuant to the terms hereof. Any termination of an option to purchase by Boeing which is based on the termination of the purchase of P.A. No. 0000 X/XXX XX-0 Aircraft under the Agreement will be on a one-for-one basis, for each Aircraft so terminated. Any cancellation of an option to purchase which is based on failure to make the required Deposit or to exercise the option to purchase shall only apply to the Option Aircraft so canceled. Termination of an option to purchase provided by this letter agreement will be caused by either party giving written notice to the other within 10 days after the applicable date. Upon receipt of such notice, all rights and obligations of the parties with respect to an Option Aircraft for which the option to purchase has been terminate will thereupon terminate. If termination is result of a revision of an option exercise date by Boeing pursuant to paragraph 5.2, Boeing will promptly refund to Buyer, without interest, any payments received from Buyer, including the Deposit, with respect to the Option Aircraft for which the option is terminated. If termination is for any other reason, Boeing will promptly refund to Buyer, without interest, any payments received from Buyer with respect to the affected Option Aircraft, except the Deposit, which Buyer may apply to any model Boeing aircraft purchased by Buyer from Boeing at a future date.
Termination of Option to Purchase. 44 15.10 Waiver................................................... 44
Termination of Option to Purchase. 44 15.10 Waiver..........................................................44 ARTICLE XVI CONDEMNATION................................................44
Termination of Option to Purchase. Notwithstanding anything contained in this Lease to the contrary, Tenant's Option to Purchase shall terminate sixty (60) days after Tenant's receipt of Landlord's written notice and offer to purchase the Premises as set forth in Section 11.1 provided that the Premises are then sold to a third party after Tenant's election not to purchase the Premises pursuant to Section 11.
1. Except as otherwise stated herein, this Option to Purchase shall terminate ninety (90) days following the Scheduled Closing date or, if the Closing Date has been extended, the extended Closing Date, in the event that Tenant elects to exercise its Option to Purchase (without having first received a written notice from Landlord to sell in accordance with Section 11.1) and Tenant fails to purchase the Premises in accordance with the Purchase Option. Upon termination of Option to Purchase for failure to purchase as stated herein, Tenant shall pay to Landlord all direct costs incurred by Landlord in preparing the Premises for sale to Tenant which costs shall include reasonable attorney's fees incurred by Landlord. The previous two (2) sentences shall not apply in the event Tenant fails to purchase the Premises because the Premises do not conform to the provisions regarding the conveyance of title to the Premises or the condition of the Premises as set forth in Section 12.1.
Termination of Option to Purchase. Either Boeing or Buyer may terminate the Options to purchase an Option Aircraft if any of the following events are not accomplished by the respective dates contemplated in this letter agreement, or in the Agreement, as the case may be:
(i) termination of the purchase of the Aircraft under the Agreement for any reason;
(ii) payment by Buyer of the Deposit with respect to an Option Aircraft pursuant to paragraph 3.1 herein; SWA-PA-01810-LA-1105884 (58928-10.TXT) X/XXX Xxxxxxxxx Xxxxxxxx Xx. XXX-XX-0000-XX-0000000
(iii) exercise of an Option to purchase an Option Aircraft pursuant to the terms hereof. Any termination of an Option to purchase by Boeing which is based on the termination of the purchase of Aircraft under the Agreement will be on a one-for-one basis, for each Aircraft so terminated. Any cancellation of an Option to purchase which is based on failure to make the required Deposit or to exercise the Option to purchase shall only apply to the Option Aircraft so canceled. Termination of an Option to purchase provided by this letter agreement will be caused by either party giving written notice to the other within 10 days after the applicable date. Upon receipt of such notice, all rights and obligations of the parties with respect to an Option Aircraft for which the Option to purchase has been terminate will thereupon terminate. ***
