Examples of Removal Option in a sentence
The Aggregate Receivable Value of Receivables and the related Equipment with respect to which the Purchaser may exercise its Removal Option at any time before the Redemption Date shall not exceed ten percent (10%) of the Aggregate Receivable Value as of the Cut-off Date.
The Aggregate Receivable Value of Receivables and the related Equipment with respect to which the Seller may exercise its Removal Option at any time before the Redemption Date shall not exceed ten percent (10%) of the Aggregate Receivable Value as of the Cut-off Date.
The Purchaser (or its assignee) may sell, transfer, assign or otherwise convey its Removal Option with respect to any such Receivable and the other related Purchaser Assets to any party at any time after the related Receivable becomes a Delinquent Receivable or the Obligor thereon is subject to a bankruptcy proceeding.
The Aggregate Receivable Value of Receivables and the related Equipment with respect to which the Purchaser (or its assignee) may exercise its Removal Option at any time before the Redemption Date shall not exceed ten percent (10%) of the Aggregate Receivable Value as of the Cut-off Date.
The Seller (or its assignee) may sell, transfer, assign or otherwise convey its Removal Option with respect to any such Receivable and the other related Purchaser Assets to any party at any time after the related Receivable becomes a Delinquent Receivable or the Obligor thereon is subject to a bankruptcy proceeding.
If the taking or threatened taking is a Material Taking (as defined below), then Purchaser may elect, by written notice to be delivered to Seller on or before the sooner of (i) the tenth (10th) day after Purchaser’s receipt of such notice, or (ii) the Closing Date, to exercise its Project Removal Option with respect to the applicable Project.
If Purchaser does not so exercise its Project Removal Option, then the Parties shall proceed in the same manner as if there had been no Material Taking.
Seller’s failure to comply with the terms of this Section 3.19(d) by Closing shall not be deemed a default by Seller hereunder so long as Seller uses good faith efforts to so comply, but if Seller fails to so comply with the terms of this Section 3.19(d) by Closing, Purchaser may exercise its Project Removal Option with respect to any Projects Under Construction for which Seller has not so completed the construction and otherwise satisfied the requirements of this Section 3.19(d).
The Seller may sell, transfer, assign or otherwise convey its [Purchase] [Removal] Option with respect to any such [Loan] [Receivable and the other related Purchaser Assets] to any party at any time after the related [Loan] [Receivable] becomes a Delinquent [Loan] [Receivable] or the Obligor thereon is subject to a bankruptcy proceeding.
Landlord may exercise this option by written notice (the "Removal Option Notice") to Tenant given at least thirty (30) days in advance of the removal, provided Landlord shall be responsible for all costs related to such removal, including but not limited to the cost of any improvements or alterations required to partition the Exit Vestibule from the Leased Premises.