Purchase Option Amount definition

Purchase Option Amount has the meaning set forth in Section 28.2 of the Lease Agreement.
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Purchase Option Amount shall have the meaning given to such term in Section 28(b) hereof.
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Purchase Option Amount has the meaning set forth in Section 2.3.
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Examples of Purchase Option Amount in a sentence

  • If six months prior to the Maturity Date, the then Termination Value of all the Equipment is less than the Maximum Purchase Option Amount, then on the Maturity Date Lessee shall be required to exercise its Maturity Date Purchase Option on the Maturity Date with respect to all remaining Equipment.

  • If Lessee has not timely satisfied the obligations and conditions set forth in Section 6.1 with respect to the redelivery of each and every Item of Equipment, then Lessee shall be deemed to have exercised the purchase option set forth in Section 28.2 and Lessee shall pay to Lessor the Purchase Option Amount with respect to all Items of Equipment.

  • If Obligor gives such written notice to Obligee same shall constitute a binding obligation of Obligor to purchase Obligee's interest in all of such Items of Equipment and to pay Obligee the Purchase Option Amount on the Termination Date thereof.

  • If on the Purchase Decision Date the then Termination Value of all the Properties is less than the Maximum Purchase Option Amount, then on the Maturity Date Lessee shall be required to exercise its Purchase Option on the Maturity Date with respect to all remaining Properties.

  • If Lessee fails to give such written notice to Lessor, such failure shall constitute an election and a binding obligation of Lessee to exercise the purchase option hereunder and to pay Lessor the Purchase Option Amount with respect thereto on the Termination Date.

  • If twelve (12) months prior to the Expiration Date, the then Termination Value of all the Equipment is less than the Maximum Purchase Option Amount, then on the Expiration Date Lessee shall be required to exercise its Expiration Date Purchase Option on the Expiration Date with respect to all remaining Equipment.

  • If on the date which is twelve months prior to the Maturity Date the then Termination Value of all the Properties (including any Substitute Property) is less than the Maximum Purchase Option Amount, then the Lessee shall be required to exercise its Purchase Option on the Maturity Date with respect to all remaining Properties.

  • If Lessee has not timely satisfied the obligations and conditions set forth in Section 6.1 with respect to the redelivery of each and every Item of Equipment, then Lessee shall be deemed to have exercised the purchase option set forth in Section 28.2 hereof and Lessee shall pay to Lessor the Purchase Option Amount with respect to all Items of Equipment.

  • In the event any indemnity payments shall be paid to Lessor under this Tax Rider with respect to the Aircraft, the Casualty Value, Upgrade Option Amount, Early Purchase Option Amount and/or Termination Amount, if applicable, of the Aircraft shall be adjusted appropriately.

  • If Head Lessee has not timely satisfied the obligations and conditions set forth in Section 5.1 with respect to the redelivery of each and every Compressor, then Head Lessee shall be deemed to have exercised the Head Lessee Purchase Option set forth in Section 21.1 hereof and Head Lessee shall pay to Head Lessor the Purchase Option Amount with respect to all such Compressors in such Lease Pool.


More Definitions of Purchase Option Amount

Purchase Option Amount. With respect to each Lease Pool for which the Head Lessee has elected to exercise the Head Lessee Purchase Option, an amount equal to the sum of:
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Purchase Option Amount shall have the meaning given to such term in ------------------------ Section 28(b) hereof.
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Purchase Option Amount. Has the meaning set forth in Section 1 of the Head Lease.
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Purchase Option Amount means the amount specified as such in the relevant Payment Schedule;
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Related to Purchase Option Amount

  • Purchase Option Price means the amount payable by a Lessee upon the exercise of its option to purchase a related 2018-1 Vehicle which amount equals (a) with respect to a Matured Vehicle, the Contract Residual Value plus any fees, taxes and other charges imposed in connection with such purchase and (b) with respect to a related 2018-1 Vehicle for which the related 2018-1 Lease has been terminated early by the Lessee, the sum of (i) any unpaid Monthly Payments due, (ii) any fees, taxes and other charges imposed in connection with the related 2018-1 Lease, (iii) an early termination fee and (iv) the Actuarial Payoff.

  • Purchase Option Period As defined in Section 9.03(a) hereof.

  • Purchase Option Notice As defined in Section 3.18(e).

  • Final Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency determined by the Calculation Agent equal to the Notional Amount multiplied by:

  • Early Preference Share Redemption Amount means, subject to the provisions of the Articles and the Conditions, in respect of each Preference Share, an amount expressed in the Settlement Currency calculated by the Calculation Agent as the fair market value (calculated without taking into account the creditworthiness of the Company) of a Preference Share as of the Early Preference Share Valuation Date taking into account such factor(s) as the Calculation Agent determines appropriate, including, but not limited to, the relevant Early Preference Share Redemption Event after deducting any Associated Costs (to the extent not already reflected in such fair market value).