Purchase Option Amount definition

Purchase Option Amount has the meaning set forth in Section 28.2 of the Lease Agreement.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Purchase Option Amount shall have the meaning given to such term in Section 28(b) hereof.

Purchase Option Amount has the meaning set forth in Section 2.3.

Examples of Purchase Option Amount in a sentence

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.
If Lessee has not timely satisfied the obligations and conditions set forth in Section 6.1 with respect to the redelivery of each and every Item of Equipment, then Lessee shall be deemed to have exercised the purchase option set forth in Section 28.2 and Lessee shall pay to Lessor the Purchase Option Amount with respect to all Items of Equipment.
If Obligor gives such written notice to Obligee same shall constitute a binding obligation of Obligor to purchase Obligee's interest in all of such Items of Equipment and to pay Obligee the Purchase Option Amount on the Termination Date thereof.
If on the Purchase Decision Date the then Termination Value of all the Properties is less than the Maximum Purchase Option Amount, then on the Maturity Date Lessee shall be required to exercise its Purchase Option on the Maturity Date with respect to all remaining Properties.
If Lessee fails to give such written notice to Lessor, such failure shall constitute an election and a binding obligation of Lessee to exercise the purchase option hereunder and to pay Lessor the Purchase Option Amount with respect thereto on the Termination Date.
If twelve (12) months prior to the Expiration Date, the then Termination Value of all the Equipment is less than the Maximum Purchase Option Amount, then on the Expiration Date Lessee shall be required to exercise its Expiration Date Purchase Option on the Expiration Date with respect to all remaining Equipment.
If on the date which is twelve months prior to the Maturity Date the then Termination Value of all the Properties (including any Substitute Property) is less than the Maximum Purchase Option Amount, then the Lessee shall be required to exercise its Purchase Option on the Maturity Date with respect to all remaining Properties.
If Lessee has not timely satisfied the obligations and conditions set forth in Section 6.1 with respect to the redelivery of each and every Item of Equipment, then Lessee shall be deemed to have exercised the purchase option set forth in Section 28.2 hereof and Lessee shall pay to Lessor the Purchase Option Amount with respect to all Items of Equipment.
In the event any indemnity payments shall be paid to Lessor under this Tax Rider with respect to the Aircraft, the Casualty Value, Upgrade Option Amount, Early Purchase Option Amount and/or Termination Amount, if applicable, of the Aircraft shall be adjusted appropriately.
If Head Lessee has not timely satisfied the obligations and conditions set forth in Section 5.1 with respect to the redelivery of each and every Compressor, then Head Lessee shall be deemed to have exercised the Head Lessee Purchase Option set forth in Section 21.1 hereof and Head Lessee shall pay to Head Lessor the Purchase Option Amount with respect to all such Compressors in such Lease Pool.

More Definitions of Purchase Option Amount

Purchase Option Amount. With respect to each Lease Pool for which the Head Lessee has elected to exercise the Head Lessee Purchase Option, an amount equal to the sum of:

Purchase Option Amount shall have the meaning given to such term in ------------------------ Section 28(b) hereof.

Purchase Option Amount. Has the meaning set forth in Section 1 of the Head Lease.

Purchase Option Amount means the amount specified as such in the relevant Payment Schedule;