Facility Purchase Option definition

Facility Purchase Option means the right of the Owner Lessor, pursuant to Section 10.02 of the FILOT Lease, to acquire an undivided fee interest (to the extent of the Owner Lessor's Percentage) in all of or a portion of the Project, other than the portion thereof constituting the Land.
Sample 1Sample 2Sample 3
Facility Purchase Option means an option provided by a Lessor ------------------------ Lender or Owned Facility Lender in an Intercreditor Agreement giving the Administrative Agent or the Banks the right to purchase the Lessor Indebtedness or Owned Facility Indebtedness from such Lessor Lender or Owned Facility Lender upon certain events of default relating to such Indebtedness. FAS 121 shall mean Financial Accounting Standard No. 121 promulgated ------- by the Financial Accounting Standards Board, as in effect from time to time.
Sample 1
Facility Purchase Option means the right of one or more of the Buyers to purchase the Facility and certain related assets from the Power Purchase Provider under the Option Agreement or pursuant to the Right of First Offer under Section 14.25 of the Power Purchase Agreement.
Sample 1

Examples of Facility Purchase Option in a sentence

  • Within ten (10) days of Roquette’s receipt of written notice from the Board of its exercise of the Facility Purchase Option, Roquette shall deliver in writing its good faith calculation of the Facility Purchase Price pursuant to Exhibit G to the Board.

  • The purchase price of the Phase 2 Facility pursuant to the Facility Purchase Option (the “Facility Purchase Price”) shall be as calculated pursuant to Exhibit G.

  • In this regard, the transfer of title to the Existing Truck Unloading Facility may be effected by (i) the exercise of the Unloading Facility Purchase Option (as defined in the Coal Supply Agreement) prior to December 31, 2011, and payment of the purchase price to be paid by LANDLORD for the Existing Truck Unloading Facility as set forth in the Coal Supply Agreement or (ii) pursuant to Buyer’s request after December 31, 2011.

  • A2.04.B. Additive Alternate No. 2 Temporary Modular Fire Station Facility (Purchase Option): Furnish and install a temporary modular building (24’X 60’) with a detached pre-engineered metal vehicle canopy (28' wide X 45' long X 12' eave height) at the site to serve as a temporary fire station facility for Fire Rescue personnel during construction C.

  • Seller hereby grants to Borough the option to purchase the Facility ("Purchase Option") on the tenth (10th) and fifteen (15th) anniversaries of the Commercial Operation Date and at the end of the Term.

  • BTLI agrees to grant PRG the option (the "Facility Purchase Option") to offer to purchase the land and improvements, and all fixtures thereon located at the Facility at a purchase price and on the terms and conditions contained in the Option Agreement substantially in the form of Exhibit E hereof.

  • If Buyer has exercised the Unloading Facility Purchase Option or has paid the Fixed Monthly Fee until ******, upon the termination of this Agreement, Seller shall submit to Buyer all maintenance and operating cost records, all current drawings, permits, operating manuals, and all other relevant information and records in Seller’s possession reasonably deemed necessary by Buyer for Buyer to take over the responsibility for overseeing the operation of the Existing Truck Unloading Facility.

  • The specific standards that are available for each category are discussed below.

  • SCPPA and the Purchaser, as well as the other SCPPA Participants, acknowledge that the exercise by SCPPA of the Facility Purchase Option will require an agreement that is separately authorized and entered into by SCPPA, PWRPA and Lodi as Buyers that provides for the purchase and operation of the Facility by one or more of the Buyers and complies with applicable terms and conditions of the Buyers Joint Project Agreement.

  • Proposers are encouraged to provide proposals offering their “best value” to Gallup in the form of a Purchase Power Agreement (“PPA”) with a Facility Purchase Option.


More Definitions of Facility Purchase Option

Facility Purchase Option means any purchase option with respect to a Facility or its owner in favor of a Power Purchaser pursuant to a Power Purchase Agreement or Community Solar Arrangement that is in effect as of the Closing Date or as of the applicable Initial Facility Funding Date (without giving effect to any amendment thereof), or in any replacement contract entered into in accordance with the Credit Documents.
Sample 1
Facility Purchase Option means an option provided by a ------------------------ Lessor Lender or Owned Facility Lender in an Intercreditor Agreement giving the Administrative Agent or the Banks the right to purchase the Lessor Indebtedness or Owned Facility Indebtedness from such Lessor Lender or Owned Facility Lender upon certain events of default relating to such Indebtedness. FAS 121 shall mean Financial Accounting Standard No. 121 ------- promulgated by the Financial Accounting Standards Board, as in effect from time to time. Federal Funds Effective Rate for any day shall mean the rate per ---------------------------- annum (based on a year of 360 days and actual days elapsed and rounded upward to the nearest 1/100 of 1%) announced by the Federal Reserve Bank of New York (or any successor) on such day as being the weighted average of the rates on overnight Federal funds transactions arranged by Federal funds brokers on the previous trading day, as computed and announced by such Federal Reserve Bank (or any successor) in substantially the same manner as such Federal Reserve Bank computes and announces the weighted average it refers to as the "Federal Funds Effective Rate" as of the date of this Agreement; provided, if such Federal Reserve Bank (or its successor) does not announce such rate on any day, the "Federal Funds Effective Rate" for such day shall be the Federal Funds Effective Rate for the last day of which such rate was announced. First Mortgages shall mean the First Mortgages in substantially --------------- the form of Exhibit 1.01(F) with respect to all owned real property of the Loan --------------- Parties (other than owned real property subject to a Mortgage as of the Eighteenth Amendment Effective Date), executed and delivered by the applicable Loan Party to the Collateral Agent for the benefit of the Banks.
Sample 1

Related to Facility Purchase Option

  • Purchase Option Notice As defined in Section 3.18(e).

  • Purchase Option Price means the amount payable by a Lessee upon the exercise of its option to purchase a related 2018-1 Vehicle which amount equals (a) with respect to a Matured Vehicle, the Contract Residual Value plus any fees, taxes and other charges imposed in connection with such purchase and (b) with respect to a related 2018-1 Vehicle for which the related 2018-1 Lease has been terminated early by the Lessee, the sum of (i) any unpaid Monthly Payments due, (ii) any fees, taxes and other charges imposed in connection with the related 2018-1 Lease, (iii) an early termination fee and (iv) the Actuarial Payoff.

  • Purchase Option Period As defined in Section 9.03(a) hereof.

  • Purchase Option As defined in Section 3.18(c).

  • Equity Purchase Agreement means that certain Amended and Restated Purchase Agreement, dated as of March 17, 2008, among the Borrower and the several “Investors” named therein, including all exhibits and schedules thereto, as in effect on the Original Effective Date.

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Put Option Notice means a notice which must be delivered to a Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;

  • Call Option Notice means a written notice from the holder of the Call Option or the Administrator, as applicable, stating its desire to exercise the Call Option on the related Reset Date, delivered to each Clearing Agency, the Indenture Trustee, the Remarketing Agents, the Rating Agencies and, if the related class of Reset Rate Notes is then listed on the Luxembourg Stock Exchange, the Administrator will forward a copy to the Luxembourg Listing Agent (the contents of which are to be published in a leading newspaper having general circulation in Luxembourg).

  • Option Notice has the meaning set forth in Section 5.2(a).

  • Repurchase Option has the meaning set forth in Section 1.3(a) hereto.

  • Commitment Transfer Supplement means a document in the form of Exhibit 16.3 hereto, properly completed and otherwise in form and substance satisfactory to Agent by which the Purchasing Lender purchases and assumes a portion of the obligation of Lenders to make Advances under this Agreement.

  • 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.

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Incremental Purchase means a purchase of one or more Purchaser Interests which increases the total outstanding Aggregate Capital hereunder.

  • First Extension Option shall have the meaning set forth in Section 2.2.1(b) hereof.

  • Additional Purchase Agreement means each Additional Purchase Agreement (including the related Additional Xxxx of Sale, the related Blanket Endorsement and any attachments thereto), substantially in the form of Attachment C hereto (of which these Master Terms form a part by reference, provided that in the event of a substitution, the form will be modified accordingly), to be executed by SLM ECFC, Funding and the Interim Eligible Lender Trustee for the benefit of Funding, which certifies that the representations and warranties made by SLM ECFC as set forth in Sections 5(A) and (B) of these Master Terms are true and correct as of the related Purchase Date.

  • Series A Purchase Agreement means the Series A Preferred Unit Purchase Agreement, dated as of June 20, 2017, by and among the Partnership and the Series A Purchasers thereunder, as may be amended from time to time.

  • Permitted Loan Purchase Assignment and Acceptance means an assignment and acceptance entered into by a Lender as an Assignor and Holdings, the Borrower or any of the Subsidiaries as an Assignee, as accepted by the Administrative Agent (if required by Section 9.04) in the form of Exhibit F or such other form as shall be approved by the Administrative Agent and the Borrower (such approval not to be unreasonably withheld or delayed).

  • Note Purchase Agreement means the Note Purchase Agreement, dated as of the Issuance Date, among the Company, the Subordination Agent, the Escrow Agent, the Paying Agent, and the Pass Through Trustee under each Pass Through Trust Agreement providing for, among other things, the issuance and sale of certain equipment notes, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms.

  • 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.

  • Secured Party Designation Notice means a notice from any Lender or an Affiliate of a Lender substantially in the form of Exhibit H.

  • Subsequent Financing Notice shall have the meaning ascribed to such term in Section 4.12(b).

  • Conversion Right has the meaning provided in Section 4.5(a) hereof.

  • Conversion Option means the Company’s option to convert some or all of the Series D Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.

  • Series B Purchase Agreement has the meaning set forth in the Recitals.

  • Investor Notice means written notice from an Investor notifying the Company and the selling Key Holder that such Investor intends to exercise its Secondary Refusal Right as to a portion of the Transfer Stock with respect to any Proposed Key Holder Transfer.