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addition, Purchaser may sell or transfer the Site, subject to the terms of Section 14 of this Agreement, in which case all rights and obligations of Purchaser under this Agreement and the License shall be assigned and transferred to the transferee and Purchaser shall be released from any further obligation hereunder or under the License. 8. Purchaser's End of Schedule Term Options Subject to the terms of this Agreement, upon the expiration of a Schedule Term or termination of a Schedule by either Party, Purchaser may choose one of the following options by providing written notice to Power Provider of its intent between three hundred sixty-five (365) days and one hundred eighty (180) days prior to such expiration of the Schedule Term: (a) Extension of Schedule Term. Provided no Event of Default by Purchaser has occurred and is continuing under this Agreement, unless such Event of Default has been waived in writing by Power Provider, Purchaser may, upon written notice to Power Provider at least 90 days prior to the end of the Initial Term or current Renewal Term, as applicable, extend the Schedule Term for an additional period of 5 year(s) (each, a "Renewal Term") and during any Renewal Term the terms and conditions of this Agreement shall remain in effect except that the rates and charges payable pursuant to Section 5 with respect to such Renewal Period shall be equal to the retail rate per kilowatt-hour charged by the Electric Distribution Company as of the first day of such Renewal Period purchase rates and charges payable under this Agreement modified to equal the then fair market renewal rate in continued use, as determined in Power Provider's sole discretion, (b) Purchase of the Solar Power Facilities. Provided no Event of Default by Purchaser has occurred and is continuing under this Agreement, unless such Event of Default has been waived in writing by Power Provider, Purchaser may purchase all, but not less than all, of the Solar Power Facilities to which such expired Schedule Term, extension term, or terminated Schedule relates, on an as -is, where -is basis, at a purchase price equal to the then fair market value of such Solar Power Facilities in continued use. The fair market value shall be determined by two (2) qualified appraisers, one to be selected by Power Provider and one to be selected by Purchaser. Each appraiser shall act reasonably and in good faith to determine fair market value and shall set forth such determination in a written opinion delivered to the Parties. The appraisal values shall be averaged; provided, however, if the appraisal amounts vary by more than five percent (5%), the appraisers shall appoint a third qualified appraiser whose appraisal value shall govern. The determination of fair market value derived as above shall be binding upon the Parties in the absence of fraud or manifest error. The costs of the appraisal shall be borne by the Parties equally. The term "fair market value" for purposes of this Agreement means, with respect to any tangible asset or service, the price that would be negotiated in an arm's-length, free market transaction, for cash, between an informed, willing seller and an informed, willing buyer, neither of whom is under compulsion to complete the transaction. or (c) Removal of the Solar Power Facilities. Purchaser may require Power Provider to remove each Solar Power Facility (with the exception of mounting pads, other supporting structures and wiring and equipment located within roof and wall cavities and underground) to which such expired Schedule Term or terminated Schedule relates from the applicable Site by a mutually convenient date. Purchaser shall provide Power Provider with reasonable access to perform such removal. Any removal of the Solar Power Facility shall be completed at Power Provider's sole cost, within 60 days of termination, and subject to all of the terms and conditions of Section 2 of this Agreement, including the indemnities given therein which shall survive such termination. Power Provider shall promptly repair and restore any damage to the Site or any improvements thereon, including without limitation roof and/or roof membrane, caused by such removal at Power Provider's sole cost and to Purchaser's reasonable satisfaction. If Purchaser timely exercises its option to purchase the Solar Power Facilities pursuant to Section 8(b), the closing of such purchase shall be in accordance with Section 23. Page 11 of 30 SE PPA 11/11/15