Examples of Option Purchase Date in a sentence
At the end of the Initial Term and each Extension Term, and at the beginning of Contract Year 7, 10, and Contract Year 25 (each such date, an “Option Purchase Date”), so long as Customer is not in default under this Agreement, Customer may purchase the System from Seller on any such Option Purchase Date for the applicable Good Standing Purchase Price.
Customer must provide a notification to Seller (the “Option Exercise Notice”) of its intent to purchase at least 90 days and not more than 180 days prior to the applicable Option Purchase Date, and the purchase shall be completed prior to or effective as of such Option Purchase Date.
On the Put Option Purchase Date, the Obligated Group shall pay the Put Option Price (defined below) for all of the Series 2017 Bonds put back to the Trustee (the “Put Bonds”) to the Trustee in immediately available funds and the Trustee shall pay the same to the Holders of the Series 2017 Bonds being purchased against delivery thereof.