Examples of Purchase Option Date in a sentence
By: Name: Title: [Form to be used to exercise Purchase Option: Date: , 20___ The undersigned hereby elects irrevocably to exercise the Purchase Option for [___] Units of Selway Capital Acquisition Corporation and hereby makes payment of $[_________] (at the rate of $[___________] per Unit) in payment of the Exercise Price pursuant thereto.
Notwithstanding the foregoing, Lessee may, in accordance with Section 7(u) of the Participation Agreement, assume the principal amount of the Equipment Notes then outstanding on any applicable Purchase Option Date in which event Lessee shall receive a credit against the purchase price otherwise payable pursuant to the preceding two sentences in an amount equal to the principal amount so assumed.
The Redemption Date for Certificates to be redeemed shall be (A) in the case of a termination of the Lease pursuant to Section 9 thereof, on the Lease Termination Date or (B) in the case of purchase of the Aircraft by the Company pursuant to Section 18.2(b) of the Lease, on the Special Purchase Option Date.
If Lessor shall be unable to give title or to make conveyance, as stipulated in this Section 18.3, then, at Lessor's option, Lessor shall use reasonable efforts to remove all defects in title and the applicable Purchase Option Date and Time of Closing shall be extended for period of thirty (30) days other than with respect to any Encumbrances which Lessor has caused to exist.
If this Purchase Option is exercised, the closing shall occur and the Deed shall be delivered (the "Closing") at the office of Lessor at 12:00 o'clock noon (E.S.T.) on the applicable Purchase Option Date (such time, as the same may be extended by mutual written agreement of Lessor and Lessee, being hereinafter referred to as the "Time of Closing") in accordance with the terms of the Agreement Regarding Related Transactions.