Examples of Option Buyer in a sentence
If Buyer chooses to exercise the Option, Buyer shall send written notice to Seller stating that Buyer is exercising the Option, conditioned upon Buyer’s receipt of Option Approval, as defined below, within one hundred eighty days of the date on which Buyer received the Revocation Notice.
If Buyer chooses to exercise the Option, Buyer shall send written notice to Seller stating that Buyer is exercising the Option, conditioned upon Buyer’s receipt of Option Approval, as defined below, within 180 days of date on which Buyer received the Revocation Notice.
However, with respect to Options, the obligations set forth in this Section 4.1 shall only arise if the Option Buyer exercises its Option in accordance with its terms.
Should Buyer at any time require Gas in addition to the Firm Daily Contract Quantity, Daily Call Option, and Needle Peak Call Option, Buyer in its sole discretion may submit a request as a Regular Notice to Seller for Discretionary Gas and Seller may provide it at Seller’s sole discretion.
The Option Buyer agrees to pay the Option Premium Amount as may be required pursuant to any such Option Transactions.
Notwithstanding the foregoing, prior to exercise of the Option, Buyer may not assign this Agreement without the consent of the Seller.
Notice to Option Buyer or Option Seller, as the case may be, shall constitute notice to Buyer or Seller.
If the Seller chooses the five-year Delivery Term with Extension Option, Buyer will have the right to extend the five-year Delivery Term of Existing Projects for one year at a time provided (A) the Governor of California’s State of Emergency remains in effect, and (B) subject to acceptance by Seller of up to a cumulative total of ten years.
To exercise its Purchase Option, Buyer shall, not less than one hundred and eighty (180) days prior to the proposed purchase date (“Purchase Date”), provide written notice to Seller of Buyer’s intent to exercise its option to purchase the Generating Facility on such Purchase Date.
Upon Buyer’s use of the Purchase Option Buyer and Seller agree that the purchase price will be the fair market value of the System, and will reflect the value of (i) Seller’s right, title and interest in and to all System Assets; (ii) the right and title to all future Environmental Attributes and Energy Output; and (iii) the assignment of related agreements and warranties as provided in Section 13.6 (the “System Purchase Price”).