Distribution and Application of Purchase Payment. With respect to any Leased Property, the payment by a Lessee of:
(a) the purchase price for a consummated sale of such Leased Property received by the Agent in connection with such Lessee's exercise of the Purchase Option or Partial Purchase Option under Section 14.1 of the Lease or such Lessee's or the Construction Agent's exercise of its option to purchase such Leased Property under Section 5.3 of the Construction Agency Agreement, or
(b) the payment payable in connection with such Lessee's compliance with its obligation to purchase the Leased Property in accordance with Section 14.2 or 14.3 of the Lease, or
(c) the Leased Property Balance therefor in accordance with Section 10.1 or Section 10.2 of the Lease, shall be distributed by Agent as promptly as possible, to the Funding Parties pro rata in accordance with, and for application to, their respective Funding Party Balances in respect of such Leased Property or Properties (including both that portion of the A Loans and that portion of the B Loans allocated to such Leased Property or Properties).
Distribution and Application of Purchase Payment. The payment by the Lessee or the Construction Agent of:
(a) the purchase price for a consummated sale of the Lessor’s interest in the Leased Property received by the Agent in connection with the Lessee’s exercise of the Purchase Option under Section 14.1 of the Lease or the Construction Agent’s exercise of its option to purchase the Lessor’s interest in the Leased Property under Section 5.3 of the Construction Agency Agreement, or
(b) the payment payable in connection with the Lessee’s compliance with its obligation to purchase the Lessor’s interest in the Leased Property in accordance with Section 14.2 or 14.3 of the Lease, or
(c) the Lease Balance in accordance with Section 10.1 or Section 10.2 of the Lease, shall be distributed by Agent as promptly as possible, to the Funding Parties pro rata for application to their respective Funding Party Balances.
Distribution and Application of Purchase Payment. The ------------------------------------------------ payment by the Lessee of:
(a) the purchase price for a consummated sale of the Leased Property received by the Agent in connection with the Lessee's exercise of the Purchase Option under Section 14.1 of the Lease, or
(b) the Lessee's compliance with its obligation to purchase the Leased Property in accordance with Section 14.2 or 14.3 of the Lease, or
(c) the payment by the Lessee to Agent of the Lease Balance in accordance with Section 10.1 or Section 10.2 of the Lease,
Distribution and Application of Purchase Payment. With respect to any Leased Property, the payment by the Lessee of:
(a) the purchase price for a consummated sale of such Leased Property received by the Agent in connection with the Lessee's exercise of the Purchase Option or Partial Purchase Option under Section 14.1 of the Lease, or
(b) the Lessee's compliance with its obligation to purchase the Leased Property in accordance with Section 14.2 or 14.3 of the Lease, or
(c) the payment by the Lessee to Agent of the related Leased Property Balance therefor in accordance with Section 10.1 or Section 10.2 of the Lease, shall be distributed by Agent as promptly as possible first, to the Lenders pro rata in accordance with, and for application to, their respective Funding Party Balances in respect of such Leased Property and second, to the Lessor for application to its Funding Party Balance in respect of such Leased Property.
Distribution and Application of Purchase Payment. The payment by the Lessee of:
(i) the purchase price for a consummated sale of the Leased Property received by the Lender in connection with the Lessee's exercise of the Purchase Option under Section 15.1 of the Lease, or
(ii) the Lessee's compliance with its obligation to purchase the Leased Property in accordance with Section 15.2 of the Lease, or
(iii) the Lease Balance in accordance with Section 11.1 or Section 11.2 of the Lease, shall be applied by the Lender first to the accrued and unpaid interest on the Loan, second to Breakage Costs, if any, third to the outstanding principal of the Loan and fourth, an amount equal to the sum of all accrued and unpaid Contribution Return and the outstanding balance of the Contribution shall be paid to the order of Lessor.
Distribution and Application of Purchase Payment. With ------------------------------------------------ respect to any Leased Property, the payment by a Lessee of:
(a) the purchase price for a consummated sale of such Leased Property received by the Agent in connection with such Lessee's exercise of the Purchase Option under Section 14.1 of the Lease, or such Lessee's exercise of its purchase option pursuant to Section 14.3 of the Lease, or such Lessee's or the Construction Agent's exercise of its option to purchase such Leased Property under Section 5.3 of the Construction Agency Agreement, or
(b) the Leased Property Balance therefor in accordance with Section 10.1 or Section 10.2 of the Lease, shall be distributed by Agent as promptly as possible, first, to the Lenders pro rata in accordance with, and for application to, their respective Funding Party ---- Balances in respect of such Leased Property or Properties and second, to the ------ Lessor.
Distribution and Application of Purchase Payment. The payment by any Lessee or the Construction Agent of:
(a) the purchase price for a consummated sale of the Lessor's interest in the Leased Property received by the Agent in connection with such Lessee's exercise of the Purchase Option under Section 14.1(a) of the Lease or such Lessee's or the Construction Agent's exercise of its option to purchase the Lessor's interest in a Leased Property under Section 5.3 of the Construction Agency Agreement, or
(b) the payment payable in connection with such Lessee's compliance with its obligation to purchase the Lessor's interest in the Leased Property in accordance with Section 14.2 or 14.3 of the Lease, or
(c) the Leased Property Balance therefor in accordance with Section 10.1 or Section 10.2 of the Lease, shall be distributed by Agent as promptly as possible, to the Funding Parties pro rata for application to their respective Funding Party Balances in respect of such Leased Property or Leased Properties.
Distribution and Application of Purchase Payment. The payment by the Lessee of:
(a) the purchase price for a consummated sale of the Leased Property received by the Agent in connection with the Lessee's exercise of the Purchase Option under Section 14.1 of the Lease, or
(b) the Lessee's compliance with its obligation to purchase the Leased Property in accordance with Section 14.2 or 14.3 of the Lease, or
(c) the payment by the Lessee to Agent of the Lease Balance in accordance with Section 10.1 or Section 10.2 of the Lease, shall be distributed by Agent as promptly as possible first, to the Lenders, pro rata in accordance with, and for application to, their respective Funding Party Balances and second, to the Lessor for application to its Funding Party Balance.
Distribution and Application of Purchase Payment. With respect to any Leased Property, the payment by a Lessee of:
(a) the purchase price for a consummated sale of such Leased Property received by the Agent in connection with such Lessee's exercise of the Purchase Option or Partial Purchase Option under Section 14.1 of the Lease or such Lessee's or the Construction Agent's exercise of its option to purchase such Leased Property under Section 5.3 of the Construction Agency Agreement, or
(b) the payment payable in connection with such Lessee's compliance with its obligation to purchase the Leased Property in accordance with Section 14.2 or 14.3 of the Lease, or
(c) the Leased Property Balance therefor in accordance with Section 10.1 or Section 10.2 of the Lease, shall be distributed by the Agent, as promptly as possible, to the Funding Parties PRO RATA in accordance with, and for application to, their respective Funding Party Balances in respect of such Leased Property or Properties (including both that portion of the A Loans and that portion of the B Loans allocated to such Leased Property or Properties).
Distribution and Application of Purchase Payment. With respect to any Leased Property, the payment by the Lessee of:
(i) the purchase price for a consummated sale of such Leased Property received by the Agent in connection with the Lessee’s exercise of a Purchase Option under Section 14.1 of the Lease or the Lessee’s or the Construction Agent’s exercise of its option to purchase such Leased Property under Section 5.3 of the Construction Agency Agreement, or
(ii) the payment payable in connection with the Lessee’s compliance with its obligation to purchase the Leased Property in accordance with Section 14.2 or 14.3 of the Lease, or
(iii) the Leased Property Balance therefor in accordance with Section 10.1 or Section 10.2 of the Lease, shall be distributed by Agent as promptly as possible, to the Funding Parties pro rata in accordance with, and for application to, their respective Funding Party Balances in respect of such Leased Property or Properties.
