Option Confirmation Notice definition

Option Confirmation Notice is defined in Section 7.2.4.
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Option Confirmation Notice is defined in Section 7.2.4. “Output” means all energy produced by the Facility. “Output Shortfall” is defined in Section 6.12.2.
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Option Confirmation Notice means the notice provided to Seller if Buyer elects to exercise the purchase option, as set forth in Section 5.6.4.
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Examples of Option Confirmation Notice in a sentence

  • If PacifiCorp delivers a valid and timely Option Confirmation Notice, Seller shall sell, transfer, assign and convey to PacifiCorp all of the Facility and all rights of Seller therein or relating thereto, on an “AS IS, WHERE IS” basis, free and clear of all liens, claims, encumbrances, or rights of others arising through Seller on the last day of the Term, including good and valid title to the Facility and Seller's rights in the Premises.

  • Within three months following the determination of the Fair Market Value of the Facility pursuant to Section 5.6.1 (and as applicable, Section 5.6.2), but in no event later than 18 months following delivery of a Preliminary Interest Notice, PacifiCorp shall notify Seller if PacifiCorp elects to exercise its option (an "Option Confirmation Notice").

  • Seller covenants that, in the event it is provided such Option Confirmation Notice, Seller shall sell, transfer, assign and convey to Buyer all of the Facility and all rights of Seller therein or relating thereto, free and clear of all liens, claims, encumbrances, or rights of others arising through Seller on the last day of the Term, including good and valid title to the Facility and Seller's rights in the Premises.

  • If PacifiCorp delivers a valid and timely Option Confirmation Notice, Seller shall sell, transfer, assign and convey to PacifiCorp all of the Facility and all rights of Seller therein or relating thereto, on an "AS IS, WHERE IS" basis, free and clear of all liens, claims, encumbrances, or rights of others arising through Seller on the last day of the Term, including good and valid title to the Facility and Seller's rights in the Premises.