Purchase Option Payment definition

Purchase Option Payment means as specified in each Contract, any payment made by the Obligor to purchase the Equipment covered thereby, including any funds received in respect of either (w) an end of term purchase option for $1, (x) an end of term option to purchase the Equipment at a stated percentage of the original cost of the Equipment, (y) an option to purchase the Equipment at the fair market value of the Equipment determined at the end of the Contract term or (z) an end of term option to extend the term of the lease for another immediately successive twelve month period upon the expiration of which the lessee will own the equipment.
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Purchase Option Payment means, with respect to any Lease, any payment (received on or after the applicable Cut-Off Date for such Lease) made by a Lessee to purchase the Equipment subject to the Lease.
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Purchase Option Payment means the amount set forth in Schedule 2.5 to be paid by Buyer upon exercising its purchase option under Section 2.5(a).
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Examples of Purchase Option Payment in a sentence

  • If Customer exercises the Option to Purchase, title to, and ownership of, the Water Heater will transfer to Customer with payment of the Purchase Option Payment described in Paragraph 5.

  • In the event of such an Early Termination, Customer shall pay the sum of: (1) all payments which were due or overdue at the time of termination; plus (2) the sum of the remaining monthly payments; plus (3) the Purchase Option Payment.

  • Voucher Purchase Option: Payment in full will also offer an “on-credit” instalment payment option to support a participant with completing a full payment purchase from various sources.


More Definitions of Purchase Option Payment

Purchase Option Payment means as specified in each Contract, any payment made by the User to purchase the Equipment covered thereby, including any funds received in respect of either (w) an end of term purchase option for a nominal amount, (x) an end of term option to purchase the Equipment at a stated percentage of the original cost of the Equipment, (y) an option to purchase the Equipment at the fair market value of the Equipment determined at the end of the Contract term or (z) an end of term option to extend the term of the lease for another immediately successive period upon the expiration of which the lessee will own the equipment.
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Purchase Option Payment means, with respect to any Contract, any payment (received on or after the applicable Cut-Off Date for such Contract) made by an Obligor to purchase the Equipment subject to the Contract.
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Purchase Option Payment means the amount of $1,000.00, plus all reasonable costs, fees, and expenses necessary to transfer all of the Lessor’s interest in the Project to the Lessee and any other costs, fees, and expenses incurred by the Lessor in connection with the Lessee’s exercise of the Purchase Option.
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Purchase Option Payment means as specified in each Contract, any payment made by the Obligor to purchase the Equipment covered thereby, including any funds received in respect of (w) an end of term purchase option for $1, (x) an end of term option to purchase the Equipment at a stated percentage of the original cost of the Equipment, (y) an option to purchase the Equipment at the fair market value of the Equipment determined at the end of the Contract term or (z) an end of term option to extend the term of the lease for another immediately successive twelve month period upon the expiration of which the lessee will own the equipment. RATING AGENCIES: _________________. RATINGS EFFECT: a reduction or withdrawal of a rating on a class of Notes by a Rating Agency.
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Purchase Option Payment. With respect to a Lease, any payment set forth in such Lease payable by the User (including any Security Deposit applied in respect thereof) upon the exercise of a purchase option for the Equipment relating to such Lease, whether or not the User actually exercises such purchase option, or with respect to any Lease which does not set forth a purchase option, any payment made by a User to purchase the Equipment relating to such Lease at the end of the term of such Lease.
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Purchase Option Payment means as specified in each Contract, any payment made by the Obligor to purchase the Equipment covered thereby, including any funds received in respect of either (w) an end of term purchase option for $1, (x) an end of term option to purchase the Equipment at a stated percentage of the original cost of the Equipment, (y) an option to purchase the Equipment at the fair market value of the Equipment determined at the end of the Contract term or
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Related to Purchase Option Payment

  • Purchase Option Price means the amount payable by a Lessee upon the exercise of its option to purchase a related 2024-1 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 2024-1 Vehicle for which the related 2024-1 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 2024-1 Lease, (iii) an early termination fee and (iv) the Actuarial Payoff.

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

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

  • Purchase Option As defined in Section 3.18(c).

  • Option Consideration has the meaning set forth in Section 3.3(a).

  • Put Right has the meaning set forth in Section 8.05(a).

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

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

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

  • Put Option Notice means a notice which must be delivered to a Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;

  • Call Option Notice means a written notice from the holder of the Call Option or the Administrator, as applicable, stating its desire to exercise the Call Option on the related Reset Date, delivered to each Clearing Agency, the Indenture Trustee, the Remarketing Agents, the Rating Agencies and, if the related class of Reset Rate Notes is then listed on the Luxembourg Stock Exchange, the Administrator will forward a copy to the Luxembourg Listing Agent (the contents of which are to be published in a leading newspaper having general circulation in Luxembourg).

  • Payment Shares has the meaning set forth in Section 2.02;

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

  • Conversion Option means the Company’s option to convert some or all of the Series D Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.

  • Early Preference Share Redemption Notice means a notice of early redemption of some or all of the Preference Shares given by or on behalf of the Company in accordance with Condition 6 (Notices).

  • subscription payments recurring payments” “reference transactions” "preauthorized transfers" or "preapproved payment." You can cancel your billing agreement at any time in your account interface or by contacting us. Where a payment under that billing agreement is scheduled to be made before the end of the next Business Day after you tell us to cancel it, we may cancel your billing agreement after that payment has been made. If you cancel a billing agreement, you may still owe the recipient money for goods or services that you have received but have not paid for. If we determine currency conversion is necessary for a billing agreement payment, and we perform the conversion, we will use the transaction exchange rate in effect at the time the payment is processed. The transaction exchange rate for each payment transaction may vary. Refunds to your account How refunds can happen We may allow the recipient of your payment to: • Refuse to accept it. • Decide to accept it and then use our service to send you a refund of all or any part of the amount of the payment later. We will return the amount of any refused payment or refunded payment to your Balance. We will return the amount of an unclaimed payment to your balance within 30 days after the date you initiated the payment. If any amount of any payment is returned to you in any of the ways outlined above, we may convert the returned amount for you into either: • The currency of the balance you used for the original payment (before any conversion into the currency received by the recipient happened). • The opening currency of your account. • US dollars (opening a balance in that currency for you, if you don’t have one already). If the original payment you sent involved a currency conversion we will convert the returned amount from the currency received by the recipient as follows: • If the amount is returned within one day of the date of the original payment we will use our transaction exchange rate applicable on the date of the original payment, so that you receive the original amount in the original currency you converted for the original payment. • If the amount is returned after one day of the date of the original payment we will use and you agree to accept our transaction exchange rate applicable at the time of the conversion of the returned amount. The transaction exchange rate may be applied immediately and without notice to you. We may also automatically withdraw the returned amount from your Balance and transfer the funds back to the funding source you used for the original payment. Withdrawals can also involve a currency conversion – see the section on Withdrawing money above. Risks when receiving refunds The returned amount could be lower in value than your original payment amount. This can happen as a result of: • The recipient sending you a refund lower in value than your original payment amount. As we are only a payment service provider, we cannot know what you are entitled to from the original payment recipient as a refund or why the recipient sent the refund in a particular amount. • Transaction exchange rate fluctuations. PayPal is not responsible for any loss resulting from the recipient's decision to refuse or refund your payment, except to the extent that a refund sent by the recipient is a payment executed incorrectly by PayPal We are not liable to you for the difference between the value of your original payment and the value of the resulting refund, except to the extent that the refund is an incorrect payment (see the section on Resolving Problems).

  • Exercise Payment means the amount of money equal to the Exercise Price multiplied by the number of Optioned Shares specified in the Notice of Exercise;

  • Conversion Right has the meaning set forth in Section 4.05(a) hereof.

  • Option Units means the Common Units that the Partnership will agree to issue upon an exercise of the Over-Allotment Option.

  • Put Price has the meaning set forth in Section 8.05(a).

  • Remaining Shares has the meaning set forth in Section 4.1.2.

  • Put Option Agreement has the meaning set forth in the recitals.

  • Alternate VRDP Shares Purchase Agreement means any agreement with a successor liquidity provider replacing the VRDP Shares Purchase Agreement (or any replacement therefor) upon its termination in accordance with its terms and containing a Purchase Obligation substantially similar to the Purchase Obligation therein, as determined by the Fund.

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

  • Series A Purchase Agreement means the Series A Preferred Unit Purchase Agreement, dated as of June 20, 2017, by and among the Partnership and the Series A Purchasers thereunder, as may be amended from time to time.

  • Warrant Consideration has the meaning specified in Section 4(i)(i) hereof.