Sale Option Date definition

Sale Option Date is defined in Section 9.8(a) of the Company LLC Agreement.
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Examples of Sale Option Date in a sentence

  • Lessee shall within five (5) Business Days of the Early Sale Option Date of any Aircraft certify to Lessor in writing the amount and terms of such sale and the name and address of the party or parties acquiring such Aircraft.

  • Lessor shall retain from the aggregate net Sale Proceeds with respect to any Aircraft an amount equal to the aggregate outstanding Lease Balance for such Aircraft as of such Early Sale Option Date (as determined after the payment of all Rent due on such date).

  • Any sale of any Aircraft pursuant to this Section 21.1(b) shall be completed on the Early Sale Option Date for such Aircraft and if such sale is not completed on such date, Lessee shall be deemed to have elected the Voluntary Termination Option with respect to such Aircraft for such date and comply with the provisions of Section 21.1(a) hereof as if such option had been elected.

  • On the Early Sale Option Date of any Aircraft, Lessee shall pay to Lessor all Rent then due together with all other amounts due and payable by Lessee to Lessor, any Financing Party or any Indemnitee under the Operative Documents.

  • If the net Sale Proceeds with respect to any Aircraft are less than the aggregate outstanding Lease Balance for such Aircraft, the Lessee shall pay or shall cause to be paid to Lessor, as Supplemental Rent, on the Early Sale Option Date, in addition to such net Sale Proceeds, an amount equal to the amount by which the Lease Balance for such Aircraft exceeds such net Sale Proceeds actually and irrevocably received by Lessor.

Related to Sale Option Date

  • Call Option Date As defined in Section 10.01(a) hereof.

  • Option Date means, with respect to any Stock Option, the date on which the Stock Option is awarded under the Plan.

  • Initial Optional Purchase Date The first Distribution Date following the date on which the Aggregate Loan Balance is less than 10.00% of the Cut-off Date Balance.

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.