Define: Buyout Option

How is Buyout Option defined in a legal contract?

• Buyout Option means an option provided to a counterparty within a power purchase agreement or lease, typically for a project or group member agreement. Seen in 6 SEC filings
• Buyout Option means the opportunity granted to a buyer by the seller to terminate an agreement and purchase some or all of the generating facilities at each project site. Seen in 3 SEC filings
• Buyout Option means the alternative afforded to a buyer by the seller to end an agreement and procure a generating facility. Seen in 3 SEC filings

Please note that specific details within the definition have been generalized to ensure a broad application across varied legal circumstances.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of buyout option' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Buyout Option means an option in an agreement, allowing a counterparty to stop their involvement and purchase project-related facilities.

Relevant Contract Types

• Lease Agreements
• Power Purchase Agreements
• Project Finance Agreements
• Joint Venture Agreements

Relevant Circumstances

• Acquisition or disposal of assets
• Termination of vested interest in a project
• Changes in business partnerships or alliances

Relevant Sectors

• Energy
• Real Estate
• Construction
• Infrastructure

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