Examples of Maturity Date Purchase Option in a sentence
If such is not the case on either such date, then Lessee shall be deemed to have irrevocably exercised the Maturity Date Purchase Option pursuant to Section 20.2.
Not less than twelve months prior to the Maturity Date, Lessee may give Lessor and Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing to exercise the Maturity Date Purchase Option.
If six months prior to the Maturity Date, the then Termination Value of all the Equipment is less than the Maximum Purchase Option Amount, then on the Maturity Date Lessee shall be required to exercise its Maturity Date Purchase Option on the Maturity Date with respect to all remaining Equipment.
Not less than six months prior to the Maturity Date, Lessee may give Lessor and Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing to exercise the Maturity Date Purchase Option.
Not less than twelve months prior to the Maturity Date, Lessee may give Agent Lessor and Agent irrevocable written notice (the "MATURITY DATE ELECTION NOTICE") that Lessee is electing to exercise the Maturity Date Purchase Option or its option to remarket the Property pursuant to Section 21.1. If Lessee does not give a Maturity Date Election Notice on or before the date twelve months prior to the Maturity Date, then Lessee shall be deemed to have exercised its Maturity Date Purchase Option.
Lessee may, without the consent of Lessor, sublease or license the Equipment or any piece of Equipment to any Person; provided that as of the Expiration Date unless Lessee has exercised its Purchase Option or Maturity Date Purchase Option with respect to the Equipment subject to a sublease or license, no sublease or license shall provide for a purchase option on behalf of the sublessee or licensee nor have a remaining term of more than six months.
If Lessee does not elect the Remarketing Option or the Maturity Date Purchase Option on or before the Purchase Decision Date, Lessee shall be deemed to have elected to exercise the Maturity Date Purchase Option.
Failure by Lessee to elect the Maturity Date Purchase Option with respect to the Property or the Beneficiary Interest shall be deemed Lessee's election to acquire Lessor's right, title and interest in and to the Property in accordance with Section 19.1(a).
On or before the Purchase Decision Date, Lessee may give Lessor and the Administrative Agent irrevocable written notice (the "Maturity Date Election Notice") that Lessee is electing to exercise the Maturity Date Purchase Option.
If Lessee does not give a Maturity Date Election Notice on or before the date twelve (12) months prior to the Maturity Date, then Lessee shall be deemed to have irrevocably exercised the Maturity Date Purchase Option.