ACCEPTANCE AND LEASE OF PROPERTY AND FACILITIES. (a) On the Documentation Date Lessor hereby agrees with respect to the Original Property, subject to the satisfaction or waiver of the conditions set forth in Article III of the Participation Agreement, to continue to lease such Property to Lessee and Lessee, subject to satisfaction or waiver of the conditions set forth in Article III of the Participation Agreement, hereby agrees, expressly for the direct benefit of Lessor, to continue to lease, commencing on such Documentation Date, from Lessor for the Lease Term, such Property. On the Acquisition Date, Lessor, subject to the satisfaction or waiver of the conditions set forth in Article III of the Participation Agreement, hereby agrees to purchase and accept delivery on such Acquisition Date of the Additional Property to be delivered on such Acquisition Date pursuant to the terms of the Participation Agreement and simultaneously to lease such Property to Lessee hereunder, and Lessee, subject to the satisfaction or waiver of the conditions set forth in Article III of the Participation Agreement, hereby agrees, expressly for the direct benefit of Lessor, to lease commencing on such Acquisition Date from Lessor for the remainder of the Lease Term, such Property to be delivered on Acquisition Date.
ACCEPTANCE AND LEASE OF PROPERTY AND FACILITIES. On the Documentation Date, Lessor, subject to the satisfaction or waiver of the conditions set forth in Article III of the Participation Agreement, hereby agrees to purchase and accept delivery on such Documentation Date of the Property to be delivered on such Documentation Date pursuant to the terms of the Participation Agreement and simultaneously to lease such Property to Lessee hereunder, and Lessee, subject to the satisfaction or waiver of the conditions set forth in Article III of the Participation Agreement, hereby agrees, expressly for the direct benefit of Lessor, to lease commencing on such Documentation Date from Lessor for the Lease Term, such Property to be delivered on such Documentation Date. SECTION 2.2.
