Acceleration of Purchase Obligation. The Lessees shall be obligated to purchase Lessor's interest in the Leased Properties immediately, automatically and without notice upon the occurrence of any Event of Default specified in clause (f) or (g) of Article XII, for the purchase price set forth in Section 14.4. Upon the occurrence and during the continuance of any other Event of Default, the Lessees shall be obligated to purchase Lessor's interest in the Leased Properties for the purchase price set forth in Section 14.4 upon notice of such obligation from Lessor.
Acceleration of Purchase Obligation. The Lessee shall be obligated to purchase for an amount equal to the Lease Balance all of the interest of the Lessor Trust in all of the Properties (notwithstanding any prior election to exercise its Purchase Option pursuant to Section 18.1) automatically and without notice upon the occurrence of any Lease Event of Default described in clause (i) of Section 16.1. Any purchase under this Section 18.3 shall be in accordance with the procedures set forth in Section 21.1(a).
Acceleration of Purchase Obligation. 33 ARTICLE XXI.....................................................................................................33 21.1 Renewal...........................................................................................33 ARTICLE XXII....................................................................................................34
Acceleration of Purchase Obligation. (a) The Lessee shall be obligated ----------------------------------- to purchase for an amount equal to the Asset Termination Value the Lessor's interest in the Property (notwithstanding any prior election to exercise its Purchase Option pursuant to Section 20.1) (i) automatically and without notice ------------ upon the occurrence of any Lease Event of Default specified in clause (f) or (g) ---------- --- of Section 17.1, and (ii) as provided for at Section 17.2(e) immediately upon ------------ --------------- written demand of the Lessor upon the occurrence of any other Lease Event of Default (except as provided in Section 17.2(h) or 17.2(i)). ---------------------------
Acceleration of Purchase Obligation. (a) The Lessee shall be obligated to purchase for an amount equal to the Lease Balance the Lessor's interest in the Leased Assets at any time during the Lease Term (notwithstanding any prior election to exercise its Purchase Option pursuant to SECTION 22.1) (i) automatically and without notice upon the occurrence of any Event of Default specified in clause (g) or (h) of SECTION 20.1 with respect to the Lessee and (ii) as provided for in SECTION 20.2(a)(v) immediately upon written demand of the Lessor upon the occurrence of any other Event of Default.
Acceleration of Purchase Obligation. 23 SECTION 15.4
Acceleration of Purchase Obligation. The Lessee shall be obligated to purchase the Lessor's interest in the Leased Property immediately, and automatically, for the purchase price set forth in SECTION 15.4 hereof, and without notice upon the occurrence of any Event of Default specified in CLAUSE (g) of ARTICLE XIII hereof; provided, however, that (without affecting any of the Lessee's obligations under SECTION 15.5 hereof or otherwise) the Lessor's obligations under SECTION 15.5(a) hereof shall be limited to delivery of a quit claim deed of the Leased Property.
Acceleration of Purchase Obligation. (a) The Lessee shall be obligated to purchase for an amount equal to the Asset Termination Value the Lessor's interest in the Property (notwithstanding any prior election to exercise its Purchase Option pursuant to Section 20.1) (i) automatically and without notice upon the occurrence of any Lease Event of Default specified in clause (f) or (g) of Section 17.1, and (ii) as provided for at Section 17.2(e) immediately upon written demand of the Lessor upon the occurrence of any other Lease Event of Default.
Acceleration of Purchase Obligation. (a) The Lessee shall be obligated to purchase for an amount equal to the Asset Termination Value (offsetting against such amount the aggregate amount of the Cash Collateral, if any, permitted to be retained by the Lessor, the Indenture Trustee and the Participants), the Lessor's interest in the Property (notwithstanding any prior election to exercise its Purchase Option pursuant to Section 20.1) (i) automatically and without notice upon the occurrence of any Lease Event of Default specified in clause (e) or (f) of Section 17.1, and (ii) as provided for at Section 17.2(e) immediately upon written demand of the Lessor upon the occurrence of any other Lease Event of Default (except as provided in Section 17.2(j)).
Acceleration of Purchase Obligation. (a) The Lessee shall be obligated to purchase for an amount equal to the Asset Termination Value the Lessor's interest in the Property
