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.

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 (i) an end of term purchase option for a nominal amount, (ii) an end of term option to purchase the Equipment at a stated percentage of the original cost of the Equipment, (iii) an option to purchase the Equipment at the fair market value of the Equipment determined at the end of the Contract term or (iv) 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.

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.

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.

• Accordingly, Licensor represents, acknowledges and warrants it understands that it may never be able to dispose of the Initial Payment and, if applicable, the Extended Term Payment and Purchase Option Payment issued pursuant to this Agreement using an exemption provided for by Rule 144, or any other exemption.

• As a result, Licensor may not be able to sell the Initial Payment and, if applicable, the Extended Term Payment and Purchase Option Payment until and unless such securities are registered with the SEC, an exemption for the sales other than Rule 144 can be relied upon, and/or both Licensee and Licensor fully comply with all applicable requirements of Rule 144.

• Licensor acknowledges that the certificates representing the Initial Payment and, if applicable, the Extended Term Payment and Purchase Option Payment shall bear the following or similar legend: “THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”), OR APPLICABLE STATE SECURITIES LAWS.

• Licensor understands that no federal, state or provincial agency has passed on or made any recommendation or endorsement of the shares underlying the Initial Payment and, if applicable, the Extended Term Payment and Purchase Option Payment.

More Definitions of Purchase Option Payment

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).

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.

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.

Purchase Option Payment means, with respect to a Lease, any payment set forth in such Lease payable by the Lessee (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 Lessee actually exercises such purchase option, or with respect to any Lease which does not set forth a purchase option, any payment made by a Lessee to purchase the Equipment relating to such Lease at the end of the term of such Lease.

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

Purchase Option Payment means, with respect to a Contract, any payment set forth in such Contract payable by the Obligor (including any security deposit applied in respect thereof) upon the exercise of a purchase option for the Equipment relating to such Contract at the end of the term of such Contract, whether or not the Obligor actually exercises such purchase option, or with respect to any Contract which does not set forth a purchase option, any payment made by an Obligor to purchase the Equipment relating to such Contract at the end of the term of such Contract.

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.