Common use of Conveyance of Leased Property Clause in Contracts

Conveyance of Leased Property. In the event Lessee elects to purchase the Leased Property pursuant to Section 19.2, then on the first Payment Date occurring not less than 120 days after the date of the Officer's Certificate referred to in Section 19.2, Lessor shall, upon receipt from Lessee of the Minimum Repurchase Price as of the date of such purchase and all Rent and or other sums then due and payable under this Lease (excluding any installment of Minimum Rent due on such Payment Date), convey the Leased Property to Lessee on such date in accordance with the provisions of Article XVII and this Lease shall thereupon terminate as to the Leased Property.

Appears in 3 contracts

Samples: Lease Agreement (Balanced Care Corp), Lease Agreement (Balanced Care Corp), Lease (Balanced Care Corp)

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Conveyance of Leased Property. In the event Lessee elects to purchase the Leased Property pursuant to Section 19.2, then on the first Payment Date occurring not less than 120 days after the date of the Officer's ’s Certificate referred to referenced in Section 19.2, Lessor shall, upon receipt from Lessee of the Minimum Repurchase Price as of the date of such purchase price provided for above and all any Rent and or other sums then due and payable under this Lease (excluding any the installment of Minimum Rent due on such Payment Datethe date of conveyance), convey the Leased Property to Lessee on such date in accordance with the provisions of Article XVII and this Lease shall thereupon terminate as to the Leased Property.

Appears in 2 contracts

Samples: Assignment and Assumption of Lease (Global Medical REIT Inc.), Assignment and Assumption of Lease (Global Medical REIT Inc.)

Conveyance of Leased Property. In the event Lessee elects to purchase the Leased Property pursuant to Section 19.2, then on the first Payment Date occurring not less than 120 days after the date of the Officer's Certificate referred to in Section 19.2, Lessor shall, upon receipt from Lessee of the Minimum Repurchase Price Purchase Amount as of the date of such purchase and all Rent and or other sums then due and payable under this Lease (excluding any installment of Minimum Rent due on such Payment Date), convey the Leased Property to Lessee on such date in accordance with the provisions of Article XVII and this Lease shall thereupon terminate as to the Leased Property.

Appears in 2 contracts

Samples: Lease Agreement (Integrated Living Communities Inc), Lease Agreement (Integrated Living Communities Inc)

Conveyance of Leased Property. In the event Lessee elects to purchase the Leased Property pursuant to Section 19.2, then on the first Payment Date occurring not less than 120 days after the date of the Officer's Certificate referred to in Section 19.2, Lessor shall, upon receipt from Lessee of the Minimum Repurchase Price as of the date of such purchase price provided for above and all any Rent and or other sums then due and payable under this Lease (excluding any the installment of Minimum Rent due on such Payment Datethe date of conveyance), convey the Leased Property property to Lessee on such date in accordance with the provisions of Article XVII and this Lease shall thereupon terminate as to the Leased Property.

Appears in 1 contract

Samples: Lease Agreement (Ramsay Health Care Inc)

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Conveyance of Leased Property. In the event Lessee elects to purchase the Leased Property pursuant to Section 19.2, then on the first Payment Date occurring not less than 120 days after the date of the Officer's Certificate referred to in Section 19.2, Lessor shall, upon receipt from Lessee of the Minimum Repurchase Price as of the date of such purchase price provided for above and all any Rent and or other sums then due and payable under this Lease (excluding any the installment of Minimum Rent due on such Payment Datethe date of conveyance), convey the Leased Property to Lessee on such date in accordance with the provisions of Article XVII and this Lease shall thereupon terminate as to the Leased Property.

Appears in 1 contract

Samples: Lease Agreement (Ramsay Health Care Inc)

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