Obligation to Purchase definition

Obligation to Purchase means the obligation of Montgomery County to purchase its membership interest in the Authority, the terms of which are described in Section 6.3.
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Examples of Obligation to Purchase in a sentence

  • Obligation to Purchase The Cooperative will purchase energy and capacity made available from a qualifying facility under the conditions set forth in 18 CFR 292.303 (a) and 292.304 (d) as described below: B.

  • See "Description of the Certificates -- Obligation to Purchase Equipment Notes".

  • Lessor shall have ten (10) business days after the provision of store level operating statements for the fifth Lease Year within which to exercise this Mandatory Obligation to Purchase, if Lessee shall have failed the Store Level Net Income Test.

  • Section 5.1 Conditions to Purchaser's Obligation to Purchase Notes.............................

  • Unless the Company fails to make the payment of the Repurchase Price for Notes for which a Repurchase Notice has been submitted and not properly withdrawn, such Notes will no longer be outstanding and Special Interest, if any, on the Notes will cease to accrue on and after the Repurchase Date.2.2 The Company’s Obligation to Purchase the Notes.

  • The Offeror shall notify the possible fulfilment of the conditions for the Obligation to Purchase under article 108, paragraph 2, of the Italian Consolidated Financial Act in accordance with applicable law.It is hereby recalled that, for the purposes of the calculation of the threshold provided under article 108, paragraph 2 of the Italian Consolidated Financial Act, no.

  • SECTION 5.2. Conditions to the Purchaser's Obligation to Purchase the Shares and the Warrants.

  • No Obligation to Purchase Shares The granting of an Option pursuant to this Plan shall impose no obligation upon the Optionee to purchase any shares covered by such Option unless such Optionee affirmatively elects to purchase Common Stock as described in Section 6(c).

  • Generally 20 6.2 Continuation of the Company 21 6.3 No Obligation to Purchase Unit Holder’s Interest 22 6.4 Waiver of Dissenters’ Rights 22 SECTION 7 ACCOUNTING, BOOKS AND RECORDS 22 7.1 Accounting, Books and Records 22 7.2 Financial Statements 22 7.3 Tax Matters 22 7.4 Delivery to Unit Holders and Inspection 23 SECTION 8 AMENDMENTS; UNIT HOLDER MEETINGS 23 8.1 Amendments 23 8.2 Meetings.

  • SECTION 10.2. Obligation to Purchase Project ................................................................

Related to Obligation to Purchase

  • Option to Purchase has the meaning set forth in Section 13.1.

  • Notice of Election to Purchase has the meaning assigned to such term in Section 15.1(b).

  • Additional Purchase Price has the meaning provided in Section 1.2(b).

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Original Purchase Price means the price paid by you for the motor vehicle or a maximum of 110% of the market value of the vehicle as defined by Glass's Guide Retail at time of purchase, whichever is the lesser (including all factory fitted accessories) and after any discount given, but does not include the cost of dealer fitted accessories, road fund licence, new vehicle registration fee, fuel, paintwork and/or upholstery protection kits, insurance premiums (including the premium for this policy), warranty premiums, any finance arrears and any such associated costs and any negative equity transferred from a previous finance agreement.

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

  • Micro-purchase means a purchase of supplies or services, the aggregate amount of which does not exceed the micro-purchase threshold. Micro-purchases comprise a subset of a district's small purchases as defined in 2 C.F.R. 200.320.

  • Option to Build means the option of the New Service Customer to build certain Customer- Funded Upgrades, as set forth in, and subject to the terms of, the Construction Service Agreement.

  • Option Payment shall have the meaning set forth in Section 3.4.

  • LWDA PAGA Payment means the 75% of the PAGA Penalties paid to the LWDA under Labor Code section 2699, subd. (i).

  • Home improvement installment contract or "contract" means an agreement covering a home improvement installment sale, whether contained in 1 or more documents, together with any accompanying promissory note or other evidence of indebtedness, pursuant to which the buyer promises to pay in installments all or any part of the time sale price or prices of goods and services, or services. It does not include such an agreement:

  • NOTICE TO PURCHASERS The information provided is the representation of the Sellers and is based upon the actual knowledge of Sellers as of the date noted. Disclosure by the Sellers is not a substitute for an inspection by an independent home inspection company, and you may wish to obtain such an inspection. The information contained in this statement is not a warranty by the Sellers as to the condition of the property of which the Sellers have no knowledge or other conditions of which the Sellers have no actual knowledge. Rev 03-30-2020 How long have you owned the property? Water Supply Public Well Other Sewage Disposal Public Septic System approved for (# bedrooms) Other Type Garbage Disposal Yes No Dishwasher Yes No Heating Oil Natural Gas Electric Heat Pump Age Other Air Conditioning Oil Natural Gas Electric Heat Pump Age Other Hot Water Oil Natural Gas Electric Capacity Age Please indicate your actual knowledge with respect to the following: Other

  • Option to Renew is defined in subsection 6.1 of this Agreement.

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

  • the Purchase Price means the price to be paid by the Buyer to the Seller for the purchase of the Property;

  • Final Purchase Price has the meaning set forth in Section 2.02.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Repurchase Right means the right granted to the Corporation in accordance with Article D.

  • Failed Remarketing Condition—Unpurchased VRDP Shares means that a Beneficial Owner (other than the Liquidity Provider or its affiliates) continues to hold VRDP Shares, that were subject to a valid Tender, after any Purchase Date as a result of the failure by the Liquidity Provider for any reason to purchase such VRDP Shares pursuant to the Purchase Obligation (whether as a result of an unsuccessful Remarketing or a Mandatory Purchase) ("Unpurchased VRDP Shares"), until such time as all Outstanding Unpurchased VRDP Shares are (i) successfully Remarketed, (ii) purchased by the Liquidity Provider pursuant to the Purchase Obligation, or (iii) if not successfully Remarketed or purchased by the Liquidity Provider pursuant to the Purchase Obligation, the subject of a validly tendered Notice of Revocation (or any combination of the foregoing); and any Unpurchased VRDP Shares shall be deemed tendered for Remarketing until the earliest to occur of the foregoing events (i), (ii) or (iii) with respect to such Unpurchased VRDP Shares.

  • Cash Purchase Price has the meaning set forth in Section 2.1(b).

  • Delta Payment means as it is described in this Agreement.

  • Termination Delivery Unit means (a) in the case of a Termination Event, an Event of Default or an Extraordinary Event (other than an Insolvency, Nationalization, Merger Event or Tender Offer), one Share or (b) in the case of an Insolvency, Nationalization, Merger Event or Tender Offer, a unit consisting of the number or amount of each type of property received by a holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of any securities) in such Insolvency, Nationalization, Merger Event or Tender Offer. If a Termination Delivery Unit consists of property other than cash or New Shares and Counterparty provides irrevocable written notice to the Calculation Agent on or prior to the Closing Date that it elects to deliver cash, New Shares or a combination thereof (in such proportion as Counterparty designates) in lieu of such other property, the Calculation Agent shall replace such property with cash, New Shares or a combination thereof as components of a Termination Delivery Unit in such amounts, as determined by the Calculation Agent in its discretion by commercially reasonable means, as shall have a value equal to the value of the property so replaced. If such Insolvency, Nationalization, Merger Event or Tender Offer involves a choice of consideration to be received by holders, such holder shall be deemed to have elected to receive the maximum possible amount of cash.

  • Stock Purchase Price has the meaning set forth in Section 2 of the Subscription Agreement.

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

  • Offer to Purchase means an offer to purchase Notes by the Company from the Holders commenced by mailing a notice to the Trustee and each Holder stating:

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