Purchase Option Exercise Amount definition

Purchase Option Exercise Amount means, as of any date of ------------------------------- determination, the sum of (a) the Lease Balance as of the date of purchase, plus ---- (b) all accrued but unpaid Rent, plus (c) all other sums then due and payable ---- under the Operative Documents, including any breakage costs pursuant to Section ------- 7.7, by Lessee or any of its Affiliates. ---
Sample 1
Purchase Option Exercise Amount means, with respect to any Lease Supplement, ------------------------------- as of any date of determination, the sum of (a) the applicable Lease Supplement Balance with respect to such Lease Supplement, as of the date of purchase, plus ---- (b) all accrued but unpaid Rent, including any amount of Supplemental Rent owed by Lessee under Section 3.2 of the Lease with respect to such Lease Supplement, ----------- plus (c) all other sums then due and payable under the Operative Documents by ---- Lessee and any of its Affiliates (including, without limitation, any breakage fees pursuant to Section 2.12 of the Loan Agreement, plus (d) a prepayment ------------ ---- charge in an amount equal to the product of (i) the amount of the applicable Lease Supplement Balance with respect to such Lease Supplement, as of the date of purchase, and (ii) 0.36 of 1% (thirty-six (36) basis points) in the first month of the Base Term and declining ratably each succeeding month of the Base Term so that the prepayment charge would be equal to zero at the end of the Base Term. Appendix 1 to Participation Agreement
Sample 1Sample 2Sample 3
Purchase Option Exercise Amount means, as of any date of determination, the sum of (a) the Lease Balance, determined as of the date of purchase after payment of all Basic Rent due on such date, PLUS (b) all accrued but unpaid Accrual Rent, PLUS (c) all other sums then due and payable under the Operative Documents by Lessee or any of its Affiliates.
Sample 1

Examples of Purchase Option Exercise Amount in a sentence

  • In accordance with Section 4.4, Lessee will --------------- ----------- have the right, at its option at any time and from time to time, to purchase all (but not less than all) of the Systems then subject to a Lease Supplement at a price equal to the applicable Purchase Option Exercise Amount (the "Purchase -------- Option").

  • If Lessee elects to purchase the Systems subject to a Lease ------ Supplement, Lessor shall transfer by xxxx of sale all of Lessor's right, title and interest in and to the Systems subject to such Lease Supplement to Lessee or its designee, without recourse or warranty (except as to the absence of Lessor Liens), against payment by Lessee of an amount equal to such Purchase Option Exercise Amount in immediately available funds.

  • Lessee will have the right, at its option and upon ten (10) months prior written notice (which notice shall be irrevocable) to Lessor prior to expiration of the Lease Term, to purchase all (but not less than all) of the Sites then subject to the Lease Supplements at a price equal to the Purchase Option Exercise Amount (the "Purchase Option").

  • Lessee hereby directs, and Lessor hereby agrees to, accept the Purchase Option Exercise Amount from Sublessee and upon receipt thereof to transfer the right, title and interest of Lessor in the Equipment to Sublessee if Sublessee has exercised its Purchase Option under the Sublease.

  • If Lessee has exercised the Purchase Option or any option under Section 9.5, Lessee may assign its right to purchase the Units to any other person or to designate any other person as the transferee under any xxxx of sale to be executed by Lessor in connection with such sale; provided, however, that Lessee shall remain primarily liable to pay the Purchase Option Exercise Amount and all other amounts then due and owing by Lessee under the Operative Documents.

  • Lessee will have the right, at its option --------------- and upon delivery of prior written notice (which notice shall be irrevocable) to Lessor and Agent provided no later than twelve (12) months prior to expiration of the Lease Term, to purchase the entire Site at a price equal to the Purchase Option Exercise Amount (the "Purchase Option").

  • If Lessee has exercised the Purchase Option or any option under Section 9.5, Lessee may assign its right to purchase the Units to any other person or to designate any other person as the transferee under any bxxx of sale to be executed by Lessor in connection with such sale; provided, however, that Lessee shall remain primarily liable to pay the Purchase Option Exercise Amount and all other amounts then due and owing by Lessee under the Operative Documents.

  • If the Purchase Option is elected and the payment of the Purchase Option Exercise Amount is at any time thereafter rescinded or must otherwise be restored or returned upon the occurrence of an event of the type specified in SECTIONS 10.1(f) or 10.1(g), the obligations of the Lessee hereunder to pay the Purchase Option Exercise Amount shall be reinstated as though such payment had been due but not paid as of such time.


More Definitions of Purchase Option Exercise Amount

Purchase Option Exercise Amount. On the last day of the Base Term and each Renewal Term with respect to each Schedule, the sum of (i) the Schedule Balance and (ii) any applicable Other Charges, and (iii) all other amounts then due and payable under the Lease related to such Schedule. "Recourse Deficiency Amount". With respect to the exercise of the Sale Option, (a) for each Schedule, the difference of (i) the Purchase Option Exercise Amount at the end of any Renewal Term in which such Sale Option was elected minus (ii) the product obtained by multiplying (i) a percentage to be set forth on Annex II to such Schedule by (ii) the appraised value of the Units covered by such Schedule as of the first day of the Renewal Term in which the Sale Option was elected, and (b) for the Lease, the aggregate of all amounts determined pursuant to the foregoing clause (a) for all Schedules then in effect.
Sample 1
Purchase Option Exercise Amount means, as of any date of determination, the Termination Value.
Sample 1
Purchase Option Exercise Amount means, on the last day of the Initial Term and each Renewal Term, the aggregate of all Supplement Purchase Option Exercise Amounts under all Lease Supplements.
Sample 1
Purchase Option Exercise Amount. On the last day of the Base Term and each Renewal Term with respect to each Schedule, the sum of (i) the Schedule Balance and (ii) any applicable Other Charges, and (iii) all other amounts then due and payable under the Lease related to such Schedule.
Sample 1

Related to Purchase Option Exercise Amount

  • Purchase Option Price means the amount payable by a Lessee upon the exercise of its option to purchase a related 2023-1 Vehicle which amount equals (a) with respect to a Matured Vehicle, the Contract Residual Value plus any fees, taxes and other charges imposed in connection with such purchase and (b) with respect to a related 2023-1 Vehicle for which the related 2023-1 Lease has been terminated early by the Lessee, the sum of (i) any unpaid Monthly Payments due, (ii) any fees, taxes and other charges imposed in connection with the related 2023-1 Lease, (iii) an early termination fee and (iv) the Actuarial Payoff.

  • Option Exercise Notice has the meaning provided in Section 3.6 below.

  • Option Exercise Price means the price at which a share of Common Stock may be purchased upon the exercise of an Option.

  • Exercise Amount has the meaning set forth in Section 2(a).

  • Purchase Option Notice As defined in Section 3.18(e).

  • Minimum Exercise Amount means the Minimum Exercise Amount as specified in § 1 of the Product and Underlying Data.

  • Aggregate Option Exercise Price means, as of any date of determination, the sum of the exercise prices payable upon exercise in full of all Vested Options held by all Optionholders immediately prior to the Effective Time, based on the Estimated Merger Consideration or the Final Adjusted Merger Consideration, as applicable.

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • Warrant Exercise Price means $0.01 per share.

  • Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:

  • Exercise Notice has the meaning set forth in Section 3.2(1);

  • Initial Exercise Price shall have the meaning set forth in Section 2.4.1.

  • Initial Warrant Exercise Date means __________, 1997.

  • Option Exercise Period has the meaning set forth in Section 6.4.

  • Option Exercise Date has the meaning specified in Section 2.1.

  • Notice of Exercise means a notice in writing addressed to the Company at its address first recited, which notice shall specify therein the number of Optioned Shares in respect of which the Option is being exercised;

  • Repurchase Option has the meaning set forth in Section 1.3(a) hereto.

  • New Exercise Date means a new Exercise Date if the Administrator shortens any Offering Period then in progress.

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.

  • Exercise Agreement has the meaning set forth in Section 3(a)(i).

  • Demand Exercise Notice has the meaning set forth in Section 2.1(a).

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Exercise Price means the initial exercise price or the adjusted exercise price, depending on the context.

  • Option Price means the price at which a Share may be purchased by a Participant pursuant to an Option.

  • Total Exercise Price shall have the meaning set forth in Section 4(a) hereof.