Early Buyout Option definition

Early Buyout Option shall have the meaning specified in Section 21.1 of the Project Lease.
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Early Buyout Option means Lessee’s option to purchase the Equipment during the Term in accordance with the terms set forth in Section 5.1 hereof.
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Early Buyout Option. With not less than 120 days prior written notice to Lessor, Lessee may exercise its option to purchase not less than all of the Equipment, on an ‘as is, where is’ basis, on the last day of the sixtieth (60th) month of the Base Lease Term for a purchase price equivalent to 29.18 % of the original Capitalized Equipment Cost (the ‘EBO Amount’) which Lessee shall agree represents a reasonable prediction of the Fair Market Value of the Equipment at the time the option is exercised.
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Examples of Early Buyout Option in a sentence

  • If Lessee desires to exercise either the Early Buyout Option or the Early Termination Option, Lessee shall notify Lessor in writing of such election at least one hundred and eighty (180) days prior to the applicable EBO Date.

  • The purchase price for the Early Buyout Option and purchase option price at the scheduled end of the Lease Term will be an amount as set forth in Section 8.

  • Within 30 days after the applicable Early Buyout Option Date of each Equipment Sub-sublease, Borrower shall exercise its option to terminate the applicable Equipment Sub-sublease and the associated Sublease (as defined in the Equipment Lease) pursuant to Section 13 of such Equipment Sub-sublease.

  • Option 4: Early Buyout Option The TOWN also requests the option to terminate the contract through an early buyout option at year(s) X and Y to purchase the system from the system owner at its fair market value (FMV) or the Proposer specified price.

  • If Grubbs does not exercise the Early Buyout Option at the end of month 66, its alternatives are limited to those described in the Renew-or- Purchase Addendums.2 By way of example, Lease No. 93096 provides that Grubbs “shall,”3 at the end of the Lease Term of 72 months, either purchase the Equipment or renew the Lease under terms set forth in the Renew-or-Purchase Addendum for Lease No. 93096.

  • In certain cases, that the transaction is a financing will be evidenced further by the likelihood that the Tax Exempt Entity will exercise the Early Buyout Option so that the Equity Investor never obtains the property and instead simply obtains a fixed return on its investment.

  • Subject to the provisions set forth in this Section 3.4 and so long as no Event of Default shall have occurred and be continuing, Tenant shall have the option (the "Early Buy-out Option") at any time after the first Lease Year to purchase all, but not less than all, of the Premises and any Additional Equipment for the Early Buy-out Price (as defined in Section 3.5).

  • The U.S. Taxpayer’s Equity Collateral portion of the Headlease prepayment will be used by the Tax Exempt Entity to fund its future obligation for Sublease renewal rent, the Early Buyout Option price, or the Sublease Termination Value.

  • To exercise the Early Buy-out Option, Tenant shall deliver to Landlord irrevocable written notice not less than ninety (90) days and not more than one hundred twenty (120) days prior to the date specified in such written notice for the closing on the purchase by Tenant of the Premises and any Additional Equipment (the "Purchase Date").

  • In all LILO transactions, the U.S. Taxpayer’s obligation to make the post-payment is canceled if the Tax Exempt Entity exercises its Early Buyout Option.


More Definitions of Early Buyout Option

Early Buyout Option. At its option beginning with the fourth (4th) month following the Rent Commencement Date, Lessee may purchase all of the Product in its then "as is" condition at its location when the option is exercised. Except for lease with Fair Market Value purchase options, the purchase price shall be determined from the referenced Early Buyout Schedule. The early buyout purchase price for leases with Fair Market Value purchase options shall be such that Lessor's projected yield from the lease shall be preserved.
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Related to Early Buyout Option

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Initial Optional Purchase Date The first Distribution Date following the date on which the Aggregate Loan Balance is less than 10.00% of the Cut-off Date Balance.

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Approved 102 Option means an Option granted pursuant to Section 102(b) of the Ordinance and held in trust by a Trustee for the benefit of the Optionee.

  • 102 Option means any Option granted to Employees pursuant to Section 102 of the Ordinance.

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Call Option Date As defined in Section 10.01(a) hereof.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Early Closure means the closure on any Exchange Business Day of the Exchange or the Related Exchange(s) prior to its closing time, unless such earlier closing time is announced by the Exchange or Related Exchange(s) at least one hour prior to the earlier of: (i) the actual closing time for the regular trading session on the Exchange or Related Exchange(s) on such Exchange Business Day and (ii) the submission deadline for orders to be entered into the Exchange or Related Exchange system for execution at the Valuation Time on such Exchange Business Day.

  • Option Closing Time means 8:00 a.m. (Toronto time) on any Option Closing Date or such other time on any Option Closing Date as the Company and the Underwriters may agree;

  • Replacement Option has the meaning ascribed thereto in Section 2.2(c).

  • Option Closing Date shall have the meaning ascribed to such term in Section 2.2(c).

  • Optional Purchase Price has the meaning set forth in Section 8.1 of the Sale and Servicing Agreement.

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.

  • Option 2 Annual Actual O&M Expenses

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Option means a stock option granted pursuant to the Plan.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Put Right has the meaning set forth in Section 8.05(a).

  • Option Style “Modified American”, as described under “Procedures for Exercise” below Option Type: Call Buyer: Counterparty Seller: Dealer

  • Rollover Option has the meaning set forth in Section 2.4(a).

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.

  • 'Survivor's Option means, where applicable, the right of a holder of a Note to require the Company to repay such Note prior to its Stated Maturity upon the death of the owner of such Note, subject to the provisions hereof relating to such option."

  • Option 3 [ ] A Participant satisfies the Plan's Early Retirement Age conditions by attaining age ________ (not less than 55) and completing ________ Years of Vesting Service.