Purchase Option Exercise Amount definition

Purchase Option Exercise Amount means, as of any date of determination, the sum of (a) the Lease Balance as of the date of purchase, plus (b) all accrued but unpaid Rent, plus (c) all other sums then due and payable under the Operative Documents by Lessee and any of its Affiliates.
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Purchase Option Exercise Amount means, with respect to any Lease Supplement, ------------------------------- as of any date of determination, the sum of (a) the applicable Lease Supplement Balance with respect to such Lease Supplement, as of the date of purchase, plus ---- (b) all accrued but unpaid Rent, including any amount of Supplemental Rent owed by Lessee under Section 3.2 of the Lease with respect to such Lease Supplement, ----------- plus (c) all other sums then due and payable under the Operative Documents by ---- Lessee and any of its Affiliates (including, without limitation, any breakage fees pursuant to Section 2.12 of the Loan Agreement, plus (d) a prepayment ------------ ---- charge in an amount equal to the product of (i) the amount of the applicable Lease Supplement Balance with respect to such Lease Supplement, as of the date of purchase, and (ii) 0.36 of 1% (thirty-six (36) basis points) in the first month of the Base Term and declining ratably each succeeding month of the Base Term so that the prepayment charge would be equal to zero at the end of the Base Term. Appendix 1 to Participation Agreement
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Purchase Option Exercise Amount means, as of any date of determination, the sum of (a) the then outstanding Lease Balance, PLUS (b) all accrued but unpaid Periodic Rent, PLUS (c) all Supplemental Rent and other sums then due and payable under the Operative Documents by Lessee or any of its Affiliates.
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Examples of Purchase Option Exercise Amount in a sentence

  • If Lessee elects to purchase the Systems subject to a Lease ------ Supplement, Lessor shall transfer by ▇▇▇▇ of sale all of Lessor's right, title and interest in and to the Systems subject to such Lease Supplement to Lessee or its designee, without recourse or warranty (except as to the absence of Lessor Liens), against payment by Lessee of an amount equal to such Purchase Option Exercise Amount in immediately available funds.

  • In accordance with Section 4.4, Lessee will --------------- ----------- have the right, at its option at any time and from time to time, to purchase all (but not less than all) of the Systems then subject to a Lease Supplement at a price equal to the applicable Purchase Option Exercise Amount (the "Purchase -------- Option").

  • Lessee will have the right, at its option and upon ten (10) months prior written notice (which notice shall be irrevocable) to Lessor prior to expiration of the Lease Term, to purchase all (but not less than all) of the Sites then subject to the Lease Supplements at a price equal to the Purchase Option Exercise Amount (the "Purchase Option").

  • If Lessee has exercised the Purchase Option or any option under Section 9.5, Lessee may assign its right to purchase the Units to any other person or to designate any other person as the transferee under any ▇▇▇▇ of sale to be executed by Lessor in connection with such sale; provided, however, that Lessee shall remain primarily liable to pay the Purchase Option Exercise Amount and all other amounts then due and owing by Lessee under the Operative Documents.

  • If Lessee elects to exercise the Lessee Purchase Option with respect to all of the Functional Units then subject to this Lease, Lessee shall pay to Agent, for the benefit of the Lessors, the Purchase Option Exercise Amount, the Aggregate Make-Whole Premium (provided such premium shall not be due if such option is exercised at the end of the fifth Renewal Term) and any other amounts then due and payable by Lessee under the Lease or any other Operative Agreement.

  • Lessee hereby directs, and Lessor hereby agrees to, accept the Purchase Option Exercise Amount from Sublessee and upon receipt thereof to transfer the right, title and interest of Lessor in the Equipment to Sublessee if Sublessee has exercised its Purchase Option under the Sublease.

  • If the Purchase Option is elected and the payment of the Purchase Option Exercise Amount is at any time thereafter rescinded or must otherwise be restored or returned upon the occurrence of an event of the type specified in SECTIONS 10.1(f) or 10.1(g), the obligations of the Lessee hereunder to pay the Purchase Option Exercise Amount shall be reinstated as though such payment had been due but not paid as of such time.

  • If Lessee has exercised the Purchase Option or any option under Section 9.5, Lessee may assign its right to purchase the Units to any other person or to designate any other person as the transferee under any b▇▇▇ of sale to be executed by Lessor in connection with such sale; provided, however, that Lessee shall remain primarily liable to pay the Purchase Option Exercise Amount and all other amounts then due and owing by Lessee under the Operative Documents.

  • Lessee will have the right, at its option --------------- and upon delivery of prior written notice (which notice shall be irrevocable) to Lessor and Agent provided no later than twelve (12) months prior to expiration of the Lease Term, to purchase the entire Site at a price equal to the Purchase Option Exercise Amount (the "Purchase Option").


More Definitions of Purchase Option Exercise Amount

Purchase Option Exercise Amount means, on the last day of the Initial Term and each Renewal Term, the aggregate of all Supplement Purchase Option Exercise Amounts under all Lease Supplements.
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Purchase Option Exercise Amount means, as of any date of determination, the Termination Value.
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Purchase Option Exercise Amount. On the last day of the Base Term and each Renewal Term with respect to each Schedule, the sum of (i) the Schedule Balance and (ii) any applicable Other Charges, and (iii) all other amounts then due and payable under the Lease related to such Schedule.
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Purchase Option Exercise Amount. On the last day of the Base Term and each Renewal Term with respect to each Schedule, the sum of (i) the Schedule Balance and (ii) any applicable Other Charges, and (iii) all other amounts then due and payable under the Lease related to such Schedule. "Recourse Deficiency Amount". With respect to the exercise of the Sale Option, (a) for each Schedule, the difference of (i) the Purchase Option Exercise Amount at the end of any Renewal Term in which such Sale Option was elected minus (ii) the product obtained by multiplying (i) a percentage to be set forth on Annex II to such Schedule by (ii) the appraised value of the Units covered by such Schedule as of the first day of the Renewal Term in which the Sale Option was elected, and (b) for the Lease, the aggregate of all amounts determined pursuant to the foregoing clause (a) for all Schedules then in effect.
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Related to Purchase Option Exercise 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.

  • Option Exercise Notice shall have the meaning for such term set forth in Section 3.2.2.

  • Option Exercise Price means the price at which a share of Common Stock may be purchased upon the exercise of an Option.

  • Exercise Amount means for any number of Warrant Shares as to which this Warrant is being exercised the product of (i) such number of Warrant Shares times (ii) the Exercise Price.

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