Removal or Purchase of System Sample Clauses

Removal or Purchase of System. Upon the Expiration Date, if State Purchaser has not elected to renew the Term for this Agreement in accordance with Section 10.2.3(i), State Purchaser shall have the option to purchase the System by paying Provider the Fair Market Value thereof no later than one-hundred and eighty (180) days prior to the Expiration Date. The “Fair Market Value” of the System shall be the value determined by the mutual agreement of State Purchaser and Provider within ten (10) days after receipt by Provider of State Purchaser’s notice of its election to purchase the System. If State Purchaser and Provider cannot mutually agree to a Fair Market Value, then the Parties shall select a nationally recognized independent appraiser with experience and expertise in the solar photovoltaic industry to value such equipment. Such appraiser shall act reasonably and in good faith to determine the Fair Market Value and shall set forth such determination in a written opinion delivered to the Parties. The valuation made by the appraiser shall be binding on the Parties in the absence of fraud or manifest error. The costs of the appraisal shall be borne by the Parties equally. To the extent transferable, the remaining period, if any, on all warranties for the system will be transferred from Provider to State Purchaser at State Purchaser’s sole expense. If the Parties are unable to agree on the selection of an appraiser, such appraiser shall be jointly selected by the appraiser firm proposed by State Purchaser and the appraiser firm proposed by Provider. Upon receipt by Provider of payment of the Fair Market Value, title to the System as well as Environmental Attributes and Incentives shall transfer to State Purchaser as-is, where-is. If State Purchaser does not exercise such option to purchase the System, Provider shall, at its sole cost and expense, remove all of its tangible property comprising the System from the Site by a mutually convenient date but in no case later than one hundred eighty (180) days after the Expiration Date. The Site shall be returned to its original condition except for ordinary wear and tear, and Provider shall leave the Site in neat and clean order.
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Related to Removal or Purchase of System

  • Sale and Purchase of Stock 10 2.1. Sale and Purchase of Stock, Etc.......................................................10 2.2. Deposit...............................................................................10 2.3.

  • Prohibition of City Funding for Purchase of Single Serving Bottled Water The City’s policy is that City funds should not be used for the purchase of single-serving bottled water except for any of the following: • Public safety emergencies, investigations and extended deployments or activation of the Office of Emergency Services; • Situations where there is a high risk of cross-contamination with non-potable water; or • Situations where there are no reasonable alternatives to bottled water, such as large public events and when large quantities of water need to be distributed for health and safety reasons. An invoice seeking reimbursement from City for the cost of single-serving bottled water under one of the above exceptions must be accompanied by a waiver form provided by the City and signed by the Director.

  • Sale and Purchase of Shares Upon the terms and subject to the conditions contained herein, on the Closing Date the Seller shall sell, assign, transfer, convey and deliver to the Purchaser, and the Purchaser shall purchase from the Seller, all of the Shares.

  • Purchase of Equipment For any equipment purchased in whole or in part with Grant Funds, if Grantor determines that Grantee has not met the conditions of 2 CFR 200.439, the costs for such equipment will be disallowed. Grantor must notify Grantee in writing that the purchase of equipment is disallowed.

  • SALE AND PURCHASE OF THE SALE SHARES 2.1 Subject to and upon the terms and conditions of this Agreement, the Vendor shall sell as beneficial owner and the Purchaser shall purchase the Sale Shares with effect from Completion free from all Encumbrances together with all rights now or hereafter attaching thereto including but not limited to all dividends paid, declared or made in respect thereof on or after the date of Completion.