Common use of Acceleration of Purchase Obligation Clause in Contracts

Acceleration of Purchase Obligation. The Lessee shall ----------------------------------- be obligated to purchase the Lessor's interest in the Leased Property immediately, automatically and without notice upon the occurrence of any Event of Default specified in clause (l) of Article XII, for the purchase ----------- price set forth in Section 14.4. Upon the occurrence of any other Event of ------------ Default, the Lessee shall be obligated to purchase the Lessor's interest in the Leased 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)

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Acceleration of Purchase Obligation. The Lessee Lessees shall ----------------------------------- be obligated to purchase the Lessor's interest in the Leased Property Properties immediately, automatically and without notice upon the occurrence of any Event of Default specified in clause CLAUSE (lf) of Article ARTICLE XII, for the purchase ----------- price set forth in Section 14.4. Upon the occurrence of any other Event of ------------ Default, the Lessee shall be obligated to purchase the Lessor's interest in the Leased Property for the purchase price set forth in Section SECTION 14.4. Upon the occurrence and during the continuance of any other Event of Default, 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 the Lessor.

Appears in 1 contract

Samples: Master Lease Agreement (Cornell Companies Inc)

Acceleration of Purchase Obligation. The Lessee Lessees shall ----------------------------------- be obligated to purchase the Lessor's interest in the Leased Property Properties immediately, automatically and without notice upon the occurrence of any Event of Default specified in clause (lf) of Article XIIXII (subject to clause (ii) of the 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 Lessee Lessees shall be obligated to purchase the Lessor's interest in the Leased Property Properties 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 (Concord Efs Inc)

Acceleration of Purchase Obligation. The Lessee Lessees shall ----------------------------------- be obligated to purchase the Lessor's ’s interest in the Leased Property Properties immediately, automatically and without notice upon the occurrence of any Event of Default specified in clause (lf) of Article XIIXII (subject to clause (ii) of the 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 Lessee Lessees shall be obligated to purchase the Lessor's ’s interest in the Leased Property Properties 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 (Concord Efs Inc)

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Acceleration of Purchase Obligation. The Lessee shall ----------------------------------- be obligated to purchase the Lessor's interest in the Leased Property immediately, automatically and without notice upon the occurrence of any Event of Default specified in clause (l) of Article XII, for the ----------- purchase ----------- price set forth in Section 14.4. Upon the occurrence of any ------------ other Event of ------------ Default, the Lessee shall be obligated to purchase the Lessor's interest in the Leased 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)

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