OPTION TO PURCHASE; PARTIAL PREPAYMENT Sample Clauses

The "Option to Purchase; Partial Prepayment" clause grants a party the right to buy an asset, property, or interest under specified conditions, while also addressing the treatment of any partial payments made before the full purchase. Typically, this clause outlines the process for exercising the purchase option, such as notice requirements and payment terms, and clarifies whether partial prepayments will be credited toward the final purchase price or handled differently. Its core function is to provide a clear mechanism for acquiring ownership and to ensure transparency regarding how any advance payments are applied, thereby reducing potential disputes and facilitating smoother transactions.
OPTION TO PURCHASE; PARTIAL PREPAYMENT. Section 10.01. Purchase Option. Section 10.02. Partial Prepayment. Section 10.03. Determination of Fair Rent and Purchase Price.
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OPTION TO PURCHASE; PARTIAL PREPAYMENT. Section 5.01. Purchase Option 6 Section 5.02. Partial Prepayment 6 Section 5.03. Determination of Fair Rent and Purchase Price 7
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OPTION TO PURCHASE; PARTIAL PREPAYMENT. Section 6.01. Purchase Option 9 Section 6.02. Partial Prepayment 10 Section 7.01. Electronic Transactions 10 Section 7.02. Applicability of Original Lease 10 Signatures and Seals 11 Schedule 1 – Description of the Leased Property Exhibit A – Schedule of Basic Rent Payments Supplemental Lease”), dated as of April 1, 2018, is entered into between UMB BANK, N.A., a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”), and the CITY OF BRENTWOOD, MISSOURI, a fourth-class city and political subdivision organized and existing under the laws of the State of Missouri (the “City”).
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OPTION TO PURCHASE; PARTIAL PREPAYMENT 
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Related to OPTION TO PURCHASE; PARTIAL PREPAYMENT

  • Optional Prepayment (a) Subject to payment of any applicable premium as set forth in paragraph (b) below, the Borrower shall have the right at any time and from time to time to prepay any Borrowing, in whole or in part, upon at least three Business Days’ prior written or fax notice (or telephone notice promptly confirmed by written or fax notice) in the case of Eurodollar Loans, or written or fax notice (or telephone notice promptly confirmed by written or fax notice) at least one Business Day prior to the date of prepayment in the case of ABR Loans, to the Administrative Agent before 12:00 (noon), New York City time; provided, however, that each partial prepayment shall be in an amount that is an integral multiple of $100,000 and not less than $1,000,000. (b) Each prepayment of Loans made pursuant to Section 2.11(a) shall be made together with a prepayment premium in an amount equal to (i) if such prepayment is made prior to the first anniversary of the Closing Date, 2.00%, and (ii) if such prepayment is made on or after the first anniversary of the Closing Date but prior to the second anniversary of the Closing Date, 1.00%, in each case of the aggregate principal amount of Loans being prepaid. (c) Each notice of prepayment shall specify the prepayment date, the principal amount of each Borrowing (or portion thereof) to be prepaid, shall be irrevocable (unless such notice is expressly conditioned upon a refinancing of the Credit Facility, in which case such notice may be rescinded if such refinancing shall not be consummated or shall otherwise be delayed) and shall commit the Borrower to prepay such Borrowing by the amount stated therein on the date stated therein. All prepayments under this Section 2.11 shall be subject to paragraph (b) above (if applicable) and to Section 2.15 but otherwise without premium or penalty. All prepayments under this Section 2.11 shall be accompanied by accrued and unpaid interest on the principal amount to be prepaid to but excluding the date of payment.

  • Optional Prepayments The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with Section 3.04(b).