Common use of Closing of Purchase Clause in Contracts

Closing of Purchase. On the Closing Date Issuer shall deliver to Tenant its special warranty deed or other appropriate instrument or instruments of conveyance or assignment, properly executed and conveying the Project to Tenant free and clear of all liens and encumbrances whatsoever except as set forth in the preceding section above or conveying such other title to the Project as may be acceptable to Tenant, and then and there Tenant shall pay the full purchase price 1677850N.003 for the Project as follows: (a) the amount specified in clause (i) of Section 16.2 shall be paid to the Trustee who shall deposit the same in the Principal and Interest Payment Account and shall use the same to pay or redeem the Bonds and the interest thereon as provided in the Indenture, and (b) the amount specified in clause (ii) of said Section 16.2 shall be paid to Issuer; provided, however, nothing herein shall require Issuer to deliver its said special warranty deed or other appropriate instrument or instruments of assignment or conveyance to Tenant until after all duties and obligations of Tenant under the Lease to the date of such delivery have been fully performed and satisfied. Upon the delivery to Tenant of Issuer's said special warranty deed or other appropriate instrument or instruments of assignment or conveyance and payment of the purchase price by Tenant, the Lease shall, ipso facto, terminate.

Closing of Purchase. On the Closing Date Date, Issuer shall deliver to Tenant Corporation its special warranty deed or other appropriate instrument or instruments of conveyance or assignment, properly executed and conveying the Project to Tenant Corporation free and clear of all liens and encumbrances whatsoever except as set forth in the preceding section above or conveying such other title to the Project as may be acceptable to TenantCorporation, and then and there Tenant Corporation shall pay the full purchase price 1677850N.003 for the Project as follows: (a) the amount specified in clause (i) of Section 16.2 17.2 shall be paid to the Trustee who shall deposit the same in the Principal and Interest Payment Account and shall use the same to pay or redeem the Bonds and the interest thereon as provided in the Indenture, and (b) the amount specified in clause (ii) of said Section 16.2 17.2 shall be paid to Issuer; provided, however, nothing herein shall require Issuer to deliver its said special warranty deed or other appropriate instrument or instruments of assignment or conveyance to Tenant Corporation until after all duties and obligations of Tenant Corporation under the this Lease to the date of such delivery have been fully performed and satisfied. Upon the delivery to Tenant Corporation of Issuer's said special warranty deed or other appropriate instrument or instruments of assignment or conveyance and payment of the purchase price by TenantCorporation, the this Lease shall, ipso facto, terminate.

Closing of Purchase. On the Project Closing Date the Issuer shall deliver to the Tenant its special warranty deed or other appropriate instrument or instruments of conveyance or assignment, properly executed and conveying the Project to the Tenant free and clear of all liens and encumbrances whatsoever except as set forth in the preceding section above or conveying such other title to the Project as may be acceptable to the Tenant, and then and there the Tenant shall pay the full purchase price 1677850N.003 for the Project as follows: (a) the amount specified in clause (ia) of Section 16.2 SECTION 13.3 shall be paid to the Trustee Trustee, who shall deposit the same in the Principal and Interest Payment Account Debt Service Fund and shall use the same to pay or redeem the Bonds and the interest thereon as provided in the Indenture, and (b) the amount specified in clause (iib) of said Section 16.2 SECTION 13.3 shall be paid to the Issuer; provided, however, that nothing contained herein shall require the Issuer to deliver its said special warranty deed or other appropriate instrument or instruments of assignment or conveyance to the Tenant until after all duties and obligations of the Tenant under the this Lease to the date of such delivery have been fully performed and satisfied. Upon the delivery to the Tenant of the Issuer's said special warranty deed or other appropriate instrument or instruments of assignment or conveyance and payment of the purchase price by the Tenant, the this Lease shall, ipso facto, terminate.

Closing of Purchase. On the Closing Purchase Date the Issuer shall deliver to the Tenant its special warranty deed or and/or other appropriate instrument or instruments of conveyance or assignment, properly executed and conveying the Project to the Tenant free and clear of all liens and encumbrances whatsoever except as set forth in the preceding section above above, or conveying convoying such other title to the Project as may be acceptable to the Tenant, and then and there the Tenant shall pay the full purchase price 1677850N.003 for the Project as follows: (a) the amount specified in clause (i1) of Section 16.2 17.2 shall be paid to the Trustee who shall for deposit the same in the Principal and Interest Payment Account and shall use the same Debt Service Fund to be used to pay or redeem the Bonds and the interest thereon as provided in the Indenture, and (b) the amount specified in clause (ii2) of said Section 16.2 17.2 shall be paid to the Issuer; provided, however, nothing herein shall require the Issuer to deliver its said special warranty deed or other appropriate instrument or instruments of assignment or conveyance to the Tenant until after all duties and obligations of the Tenant under the this Lease to the date of such delivery have been fully performed and satisfiedsatisfied or adequate provision made for such performance and satisfaction. Upon the delivery to the Tenant of the Issuer's said special warranty deed or other ’s appropriate instrument or instruments of assignment or conveyance and conveyance, payment of the purchase price by Tenantthe Tenant and legal defeasance of the Bonds, this Lease shall ipso facto terminate, subject to the Lease shall, ipso facto, terminateprovisions of Section 20.2 hereof.

Closing of Purchase. On the Closing Date Issuer shall deliver to Tenant its special warranty deed or other appropriate instrument or instruments of conveyance or assignment, properly executed and conveying the Project to Tenant free and clear of all liens and encumbrances whatsoever except as set forth in the preceding section above or conveying such other title to the Project as may be acceptable to Tenant, and then and there Tenant shall pay the full purchase price 1677850N.003 for the Project as follows: (a) the amount specified in clause (i) of Section 16.2 17.2 shall be paid to the Trustee who shall deposit the same in the Principal and Interest Payment Account and shall use the same to pay or redeem the Bonds and the interest thereon as provided in the IndentureIndenture and pay the fees, costs and expenses of the Issuer and the Trustee, and (b) the amount specified in clause (ii) of said Section 16.2 17.2 shall be paid to Issuer; provided, however, nothing herein shall require Issuer to deliver its said special warranty deed or other appropriate instrument or instruments of assignment or conveyance to Tenant until after all duties and obligations of Tenant under the this Lease to the date of such delivery have been fully performed and satisfied. Upon the delivery to Tenant of Issuer's ’s said special warranty deed or other appropriate instrument or instruments of assignment or conveyance and payment of the purchase price by Tenant, the this Lease shall, ipso facto, terminate.

Closing of Purchase. On the Closing Purchase Date the Issuer shall deliver to the Tenant its special warranty deed or and/or other appropriate instrument or instruments of conveyance or assignment, properly executed and conveying the Project Leased Property to the Tenant free and clear of all liens and encumbrances whatsoever except as set forth in the preceding section above above, or conveying such other title to the Project Leased Property as may be acceptable to the Tenant, and then and there the Tenant shall pay the full purchase price 1677850N.003 for the Project Leased Property as follows: (a) the amount specified in clause (i1) of Section 16.2 17.2 shall be paid to the Trustee who shall for deposit the same in the Principal and Interest Payment Account and shall use the same Debt Service Fund to be used to pay or redeem the Bonds and the interest thereon as provided in the Indenture, and (b) the amount specified in clause (ii2) of said Section 16.2 17.2 shall be paid to the Issuer; provided, however, nothing herein shall require the Issuer to deliver its said special warranty deed or other appropriate instrument or instruments of assignment or conveyance to the Tenant until after all duties and obligations of the Tenant under the this Lease to the date of such delivery have been fully performed and satisfiedsatisfied or adequate provision made for such performance and satisfaction. Upon the delivery to the Tenant of the Issuer's said special warranty deed or other ’s appropriate instrument or instruments of assignment or conveyance and conveyance, payment of the purchase price by Tenantthe Tenant and legal defeasance of the Bonds, this Lease shall ipso facto terminate, subject to the Lease shall, ipso facto, terminateprovisions of Section 20.2 hereof.

Closing of Purchase. On the Closing Date Issuer shall deliver to Tenant its special warranty deed or other appropriate instrument or instruments of conveyance or assignment, properly executed and conveying the Project to Tenant free and clear of all liens and encumbrances whatsoever except as set forth in the preceding section above or conveying such other title to the Project as may be acceptable to Tenant, and then and there Tenant shall pay the full purchase price 1677850N.003 for the Project as follows: (a) the amount specified in clause (i) of Section 16.2 17.2 shall be paid to the Trustee who shall deposit the same in the Principal and Interest Payment Account and shall use the same to pay or redeem the Bonds and the interest thereon as provided in the Indenture, and (b) the amount specified in clause (ii) of said Section 16.2 17.2 shall be paid to Issuer; provided, however, nothing herein shall require Issuer to deliver its said special warranty deed or other appropriate instrument or instruments of assignment or conveyance to Tenant until after all duties and obligations of Tenant under the this Lease to the date of such delivery have been fully performed and satisfied. Upon the delivery to Tenant of Issuer's said special warranty deed or other appropriate instrument or instruments of assignment or conveyance and payment of the purchase price by Tenant, the this Lease shall, ipso facto, terminate.

Closing of Purchase. On the Closing Purchase Date the Issuer shall deliver to the Tenant its special warranty deed or and/or other appropriate instrument or instruments of conveyance or assignment, properly executed and conveying the Project to the Tenant free and clear of all liens and encumbrances whatsoever except as set forth in the preceding section above above, or conveying such other title to the Project as may be acceptable to the Tenant, and then and there the Tenant shall pay the full purchase price 1677850N.003 for the Project as follows: (a) the amount specified in clause (i1) of Section 16.2 17.2 shall be paid to the Trustee who shall for deposit the same in the Principal and Interest Payment Account and shall use the same Debt Service Fund to be used to pay or redeem the Bonds and the interest thereon as provided in the Indenture, and (b) the amount specified in clause (ii2) of said Section 16.2 17.2 shall be paid to the Issuer; provided, however, nothing herein shall require the Issuer to deliver its said special warranty deed or other appropriate instrument or instruments of assignment or conveyance to the Tenant until after all duties and obligations of the Tenant under the this Lease to the date of such delivery have been fully performed and satisfiedsatisfied or adequate provision made for such performance and satisfaction. Upon the delivery to the Tenant of the Issuer's said special warranty deed or other ’s appropriate instrument or instruments of assignment or conveyance and conveyance, payment of the purchase price by Tenantthe Tenant and legal defeasance of the Bonds, this Lease shall ipso facto terminate, subject to the Lease shall, ipso facto, terminateprovisions of Section 20.2 hereof.

Closing of Purchase. On the Closing Date Issuer shall deliver to Tenant its special warranty deed or and/or other appropriate instrument or instruments of conveyance or assignment, properly executed and conveying the Project to Tenant free and clear of all liens and encumbrances whatsoever except as set forth in the preceding section above above, or conveying such other title to the Project as may be acceptable to Tenant, and then and there Tenant shall pay the full purchase price 1677850N.003 for the Project as follows: (a) the amount specified in clause (iI) of Section 16.2 17.2 shall be paid to the Trustee who shall for deposit the same in the Principal and Interest Payment Account and shall use the same to be used to pay or redeem the Bonds and the interest thereon as provided in the Indenture, and (b) the amount specified in clause (ii) of said Section 16.2 17.2 shall be paid to Issuer; provided, however, nothing herein shall require Issuer to deliver its said special warranty deed or other appropriate instrument or instruments of assignment or conveyance to Tenant until after all duties and obligations of Tenant under the this Lease to the date of such delivery have been fully performed and satisfied. Upon the delivery to Tenant of Issuer's said special warranty deed or other appropriate instrument or instruments of assignment or conveyance and payment of the purchase price by Tenant, this Lease shall ipso facto terminate, subject to the Lease shall, ipso facto, terminateprovisions of Section 20.2 hereof.