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.
Appears in 3 contracts
Samples: Master Lease Agreement (Dollar General Corp), Master Lease Agreement (Choicepoint Inc), Master Lease Agreement (Choicepoint Inc)
Acceleration of Purchase Obligation. The Lessees Lessee shall be obligated to purchase Lessor's interest in the Leased Properties Property immediately, automatically and without notice upon the occurrence of any Event of Default specified in clause CLAUSE (f) or (gF) of Article ARTICLE XII, for the purchase price set forth in Section SECTION 14.4. Upon the occurrence and during the continuance of any other Event of Default, the Lessees Lessee shall be obligated to purchase Lessor's interest in the Leased Properties Property for the purchase price set forth in Section SECTION 14.4 upon notice of such obligation from Lessor.
Appears in 2 contracts
Samples: Lease Agreement (Supreme International Corp), Lease Agreement (Supreme International Corp)
Acceleration of Purchase Obligation. The Lessees Lessee 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 Lessee 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.
Appears in 2 contracts
Samples: Master Agreement (Ruby Tuesday Inc), Master Agreement (Ruby Tuesday Inc)
Acceleration of Purchase Obligation. The Lessees Lessee shall be obligated to purchase Lessor's ’s interest in the Leased Properties Property immediately, automatically and without notice upon the occurrence of any Event of Default specified in clause (f), (g) or (gh) 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 Lessee shall be obligated to purchase Lessor's ’s interest in the Leased Properties Property for the purchase price set forth in Section 14.4 upon notice of such obligation from Lessor.
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Acceleration of Purchase Obligation. The Lessees Lessee shall ----------------------------------- be obligated to purchase the Lessor's interest in the Leased Properties Property immediately, automatically and without notice upon the occurrence of any Event of Default specified in clause (f) or (gl) 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 Lessee shall be obligated to purchase the Lessor's interest in the Leased Properties Property for the purchase price set forth in Section 14.4 upon ------------ notice of such obligation from the Lessor.
Appears in 1 contract
Samples: Master Lease Agreement (Jones Financial Companies Lp LLP)
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 of Article XII (gsubject to clause (ii) of Article XIIthe definition of Limited Event of Default), for the purchase price set forth in Section 14.4. Upon Subject to Section 13.4, 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.
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Acceleration of Purchase Obligation. The Lessees Lessee 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 Lessee 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.
Appears in 1 contract
Samples: Master Agreement (Ruby Tuesday Inc)
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.
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Acceleration of Purchase Obligation. The Lessees Lessee shall ----------------------------------- be obligated to purchase the Lessor's interest in the Leased Properties Property immediately, automatically and without notice upon the occurrence of any Event of Default specified in clause (f) or (gl) 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 Lessee shall be obligated to purchase the Lessor's interest in the Leased Properties Property for the purchase price set forth in Section 14.4 upon notice of such obligation from the Lessor.. ------------
Appears in 1 contract
Samples: Master Lease Agreement (Jones Financial Companies Lp LLP)
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 CLAUSE (f) or (g) of Article ARTICLE XII, for the purchase price set forth in Section 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 SECTION 14.4 upon notice of such obligation from Lessor.
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Acceleration of Purchase Obligation. The Lessees Lessee shall be obligated to purchase Lessor's interest in the Leased Properties Property immediately, automatically and without notice upon the occurrence of any Event of Default specified in clause (f) or (g) of Article XIIXIII provided, for the purchase price set forth in however, that (without affecting any of Lessee's obligations under Section 14.4. Upon the occurrence and during the continuance of any other Event of Default, the Lessees 15.5 or otherwise) Lessor's obligations under Section 15.5(a) shall be obligated limited to purchase Lessor's interest in delivery of a quit claim deed of the Leased Properties for the purchase price set forth in Section 14.4 upon notice of such obligation from LessorProperty.
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Acceleration of Purchase Obligation. The Lessees Lessee shall be ----------------------------------- obligated to purchase Lessor's interest in the Leased Properties Property 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 Lessee shall be obligated to purchase Lessor's interest in the Leased Properties Property for the purchase price set forth in Section 14.4 upon notice of ------------ such obligation from Lessor.
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Acceleration of Purchase Obligation. The Lessees Lessee shall be obligated to purchase Lessor's interest in the Leased Properties Property immediately, automatically and without notice upon the occurrence of any Event of Default specified in clause (f) or (g) of Article XIIXIII; provided, for the purchase price set forth in however, that (without affecting any of Lessee's obligations under Section 14.4. Upon the occurrence and during the continuance of any other Event of Default, the Lessees 15.5 or otherwise) Lessor's obligations under Section 15.5 (a) shall be obligated limited to purchase Lessor's interest in delivery of a quit claim assignment of the Leased Properties for the purchase price set forth in Section 14.4 upon notice of such obligation from LessorProperty.
Appears in 1 contract
Samples: Lease and Development Agreement (Eagle Usa Airfreight Inc)
Acceleration of Purchase Obligation. The Lessees Lessee shall be obligated to purchase Lessor's ’s interest in the Leased Properties immediately, automatically and without notice upon the occurrence of any Event of Default specified in clause (fi), (j) or (gk) 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 Lessee shall be obligated to purchase Lessor's ’s interest in the Leased Properties for the purchase price set forth in Section 14.4 upon notice of such obligation from Lessor.
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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 CLAUSE (f) or (g) of Article ARTICLE XII, for the purchase price set forth in Section 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 SECTION 14.4 upon notice of such obligation from Lessor.
Appears in 1 contract
Samples: Master Lease Agreement (Allete Inc)
Acceleration of Purchase Obligation. The Lessees Lessee 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 paragraph (fi), (j) or (gk) 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 Lessee 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.
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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.
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Acceleration of Purchase Obligation. The Lessees Lessee shall be obligated to purchase Lessor's entire interest in all, but not less than all, of the Leased Properties Property 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.clause
Appears in 1 contract
Samples: Master Lease and Development Agreement (Atria Communities Inc)
Acceleration of Purchase Obligation. The Lessees Lessee shall be obligated to purchase Lessor's interest in the Leased Properties Property 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 Lessee shall be obligated to purchase Lessor's interest in the Leased Properties Property for the purchase price set forth in Section 14.4 upon notice of such obligation from Lessor.
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Acceleration of Purchase Obligation. The Lessees shall be obligated to purchase Lessor's ’s interest in the Leased Properties immediately, automatically and without notice upon the occurrence of any Event of Default specified in clause (f) or of Article XII (gsubject to clause (ii) of Article XIIthe definition of Limited Event of Default), for the purchase price set forth in Section 14.4. Upon Subject to Section 13.4, upon the occurrence and during the continuance of any other Event of Default, the Lessees shall be obligated to purchase Lessor's ’s interest in the Leased Properties for the purchase price set forth in Section 14.4 upon notice of such obligation from Lessor.
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