Common use of Conditions to Termination of Lease Agreement Clause in Contracts

Conditions to Termination of Lease Agreement. In the event of the termination or expiration of this Lease Agreement in accordance with the provisions of Sections 4.2, 10.2 or 11.1 hereof, the Company shall make or cause to be made the following payments: (a) To the Agency or the Taxing Authorities, as appropriate pursuant to Section 5.1 hereof: all PILOT Payments due and payable hereunder as of the date of the termination or expiration of this Lease Agreement; (b) To the Agency: the purchase price with respect to the Equipment of one dollar ($1.00); (c) To the Agency: all amounts due and payable under Section 5.4 hereof; (d) To the Agency: an amount certified by the Agency to be sufficient to pay all unpaid fees and expenses of the Agency incurred under the Agency Documents; and (e) To the appropriate Person: an amount sufficient to pay all other fees, expenses or charges, if any, due and payable or to become due and payable under the Company Documents.

Appears in 12 contracts

Samples: Lease and Project Agreement, Lease and Project Agreement (Chembio Diagnostics, Inc.), Lease and Project Agreement

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Conditions to Termination of Lease Agreement. In the event of the termination or expiration of this Lease Agreement in accordance with the provisions of Sections 4.2, 10.2 or 11.1 hereof, the Company shall make or cause to be made the following payments: (a) To the Agency or the Taxing Authorities, as appropriate pursuant to Section 5.1 hereof: all PILOT Payments due and payable hereunder as of the date of the termination or expiration of this Lease Agreement; (b) To the Agency: the purchase price with respect to the Equipment of one dollar ($1.00); (c) To the Agency: all amounts due and payable under Section 5.4 hereof; (d) To the Agency: an amount certified by the Agency to be sufficient to pay all unpaid fees and expenses of the Agency incurred under the Agency Documents; and (e) To the appropriate Person: an amount sufficient to pay all other fees, expenses or charges, if any, including attorneys’ fees, due and payable or to become due and payable under the Company Documents.

Appears in 3 contracts

Samples: Lease and Project Agreement, Lease and Project Agreement, Lease and Project Agreement

Conditions to Termination of Lease Agreement. In the event of the termination or expiration of this Lease Agreement in accordance with the provisions of Sections 4.2, 10.2 or 11.1 hereof, the Company shall make or cause to be made the following payments: (a) To the Agency or the Taxing Authorities, as appropriate pursuant to Section 5.1 hereof: all PILOT Payments due and payable hereunder as of the date of the termination or expiration of this Lease Agreement; (b) To the Agency: the purchase price with respect to the Facility Equipment of one dollar ($1.00); (c) To the Agency: all amounts due and payable under Section 5.4 hereof; (d) To the Agency: an amount certified by the Agency to be sufficient to pay all unpaid fees and expenses of the Agency incurred under the Agency Documents; and (e) To the appropriate Person: an amount sufficient to pay all other fees, expenses or charges, if any, due and payable or to become due and payable under the Company Documents.

Appears in 2 contracts

Samples: Lease and Project Agreement (CVD Equipment Corp), Lease and Project Agreement

Conditions to Termination of Lease Agreement. In the event of the termination or expiration of this Lease Agreement in accordance with the provisions of Sections 4.2, 10.2 or 11.1 hereof, the Company shall make or cause to be made the following payments: (a) To the Agency or the Taxing Authoritiestaxing authorities, as appropriate pursuant to Section 5.1 hereof: all PILOT Payments due and payable hereunder as of the date of the termination or expiration of this Lease Agreement; (b) To the Agency: the purchase price with respect to the Facility Equipment of one dollar ($1.00); (c) To the Agency: all amounts due and payable under Section 5.4 hereof; (d) To the Agency: an amount certified by the Agency to be sufficient to pay all unpaid fees and expenses of the Agency incurred under the Agency Documents; and (e) To the appropriate Person: an amount sufficient to pay all other fees, expenses or charges, if any, due and payable or to become due and payable under the Company Documents.

Appears in 1 contract

Samples: Lease and Project Agreement

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Conditions to Termination of Lease Agreement. In the event of the termination or expiration of this Lease Agreement in accordance with the provisions of Sections 4.2, 10.2 or 11.1 hereof, the Company shall make or cause to be made the following payments: (a) To the Agency or the Taxing Authorities, as appropriate pursuant to Section 5.1 hereof: all PILOT Payments due and payable hereunder as of the date of the termination or expiration of this Lease Agreement; (b) To the Agency: the purchase price with respect to the Equipment of one dollar ($1.00); (c) To the Agency: all amounts due and payable under Section Sections 4.3, 5.1 5.4 and 8.2 hereof; (d) To the Agency: an amount certified by the Agency to be sufficient to pay all unpaid fees and expenses of the Agency incurred under the Agency Documents; and (e) To the appropriate Person: an amount sufficient to pay all other fees, expenses or charges, if any, including attorneys’ fees, due and payable or to become due and payable under the Company Documents.

Appears in 1 contract

Samples: Phase 2b Lease and Project Agreement

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