Deferred Payment for Early Purchase Option Sample Clauses

Deferred Payment for Early Purchase Option. If Lessee ------------------------------------------ elects to exercise an early purchase option pursuant to Section 22.1(b) of the Lease with respect to Units in a Basic Group, Lessee may, at its option, either (x) pay the entire Early Purchase Price applicable to such Units on the applicable Early Purchase Date, as provided in Section 22.1(b) of the Lease and Schedule 6A of this Participation Agreement or (y) pay a portion of such Early Purchase Price on the applicable Early Purchase Date and the balance in installments thereafter, on the applicable dates and in the applicable amounts for such Basic Group as indicated on Schedule 6B; provided that Lessee may not elect the option set forth in this clause (y) herein unless the principal amount of the related Equipment Note applicable to such Units together with accrued interest thereon and any applicable Make-Whole Amount shall have been paid in respect of such Units pursuant to Section 2.10(c) of the Indenture and all other sums due and owing to Indenture Trustee and Loan Participants under the Operative Agreements shall have been paid in full on or prior to the Early Purchase Date. Notwithstanding anything in this Agreement to the contrary, the Lessee shall not be permitted to exercise any of its rights under Section 9 of this Agreement with respect to any Units as to which the Lessee has exercised its option set forth in clause (y) of the first paragraph of this Section 10.
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Deferred Payment for Early Purchase Option. 55 Appendix A Definitions EXHIBITS Exhibit A-1 Insurance (Primary Liability) Exhibit A-2 Insurance (Excess Liability) Exhibit B Insurance Requirements SCHEDULES Schedule 1 Description of Equipment, Designation of Basic Groups and Equipment Cost Schedule 2 Commitment Percentage and Payment Information for Participants Schedule 3A Schedule of Basic Rent Payments for Basic Groups I-IV Schedule 3B Schedule of Allocation of Basic Rent Payments for Basic Groups I-IV Schedule 4 Schedule of Stipulated Loss Value and Termination Value for Basic Groups I-IV Schedule 5 Terms of Equipment Notes Schedule 6A Early Purchase Information for Basic Groups I-IV Schedule 6B Deferred Early Purchase Information for Basic Group I-IV Schedule 7 Basic Term Purchase Information for Basic Groups I-IV Schedule 8 Cumulative Rent Payable and Allocated PARTICIPATION AGREEMENT (GATX Rail Trust No. 2000-1)
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Related to Deferred Payment for Early Purchase Option

  • Payment for Purchase Shares For each Regular Purchase, the Investor shall pay to the Company an amount equal to the Purchase Amount with respect to such Regular Purchase as full payment for such Purchase Shares via wire transfer of immediately available funds on the same Business Day that the Investor receives such Purchase Shares, if such Purchase Shares are received by the Investor before 1:00 p.m., Eastern time, or, if such Purchase Shares are received by the Investor after 1:00 p.m., Eastern time, the next Business Day. For each Accelerated Purchase, the Investor shall pay to the Company an amount equal to the Purchase Amount with respect to such Accelerated Purchase as full payment for such Purchase Shares via wire transfer of immediately available funds on the third Business Day following the date that the Investor receives such Purchase Shares. If the Company or the Transfer Agent shall fail for any reason or for no reason to electronically transfer any Purchase Shares as DWAC Shares in respect of a Regular Purchase or Accelerated Purchase (as applicable) within three (3) Business Days following the receipt by the Company of the Purchase Price or Accelerated Purchase Price, respectively, therefor in compliance with this Section 2(c), and if on or after such Business Day the Investor purchases (in an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale by the Investor of such Purchase Shares that the Investor anticipated receiving from the Company in respect of such Regular Purchase or Accelerated Purchase (as applicable), then the Company shall, within three (3) Business Days after the Investor’s request, either (i) pay cash to the Investor in an amount equal to the Investor’s total purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased (the “Cover Price”), at which point the Company’s obligation to deliver such Purchase Shares as DWAC Shares shall terminate, or (ii) promptly honor its obligation to deliver to the Investor such Purchase Shares as DWAC Shares and pay cash to the Investor in an amount equal to the excess (if any) of the Cover Price over the total Purchase Price for such Regular Purchase plus the total Accelerated Purchase Price for such Accelerated Purchase (as applicable). The Company shall not issue any fraction of a share of Common Stock upon any Regular Purchase or Accelerated Purchase. If the issuance would result in the issuance of a fraction of a share of Common Stock, the Company shall round such fraction of a share of Common Stock up or down to the nearest whole share. All payments made under this Agreement shall be made in lawful money of the United States of America or wire transfer of immediately available funds to such account as the Company may from time to time designate by written notice in accordance with the provisions of this Agreement. Whenever any amount expressed to be due by the terms of this Agreement is due on any day that is not a Business Day, the same shall instead be due on the next succeeding day that is a Business Day.

  • Exercise of Repurchase Option The Repurchase Option shall be exercised by written notice signed by an officer of the Company or by any assignee or assignees of the Company and delivered or mailed as provided in Section 17(a). Such notice shall identify the number of shares of Stock to be purchased and shall notify Purchaser of the time, place and date for settlement of such purchase, which shall be scheduled by the Company within the term of the Repurchase Option set forth in Section 2(a) above. The Company shall be entitled to pay for any shares of Stock purchased pursuant to its Repurchase Option, at the Company's option, in cash or by offset against any indebtedness owing to the Company by Purchaser, or by a combination of both. Upon delivery of such notice and payment of the purchase price in any of the ways described above, the Company shall become the legal and beneficial owner of the Stock being repurchased and all rights and interest therein or related thereto, and the Company shall have the right to transfer to its own name the Stock being repurchased by the Company, without further action by Purchaser.

  • Termination of Repurchase Option Sections 2, 3, 4 and 5 of this Agreement shall terminate upon the exercise in full or expiration of the Repurchase Option, whichever occurs first.

  • Special Optional Redemption In the event of a Change of Control, the Issuer will have the option to redeem the Series A Preferred Stock, in whole or in part, within 120 days after the first date on which such Change of Control has occurred for cash at a redemption price of $25.00 per share, plus any accrued and unpaid dividends (whether or not declared) to, but not including, the redemption date. If the Issuer exercises its redemption right, by sending the required notice, with respect to some or all of the Series A Preferred Stock, the holders of Series A Preferred Stock will not be permitted to exercise the conversion rights described below in respect of any Series A Preferred Stock called for redemption.

  • Steps for Exercise of Equity Interest Purchase Option Subject to the provisions of the laws and regulations of China, Party A may exercise the Equity Interest Purchase Option by issuing a written notice to Party B (the “Equity Interest Purchase Option Notice”), specifying: (a) Party A’s or the Designee’s decision to exercise the Equity Interest Purchase Option; (b) the portion of equity interests to be purchased by Party A or the Designee from Party B (the “Optioned Interests”); and (c) the date for purchasing the Optioned Interests or the date for transfer of the Optioned Interests.