Common use of Early Buy-Out Clause in Contracts

Early Buy-Out. If no Event of Default exists, Lessee may purchase all, but not less than all, Units subject to this Schedule at the end of the 72nd scheduled Base Rent installment date of the Base Term of each such Unit (the "Early Buy-Out Date"), by notice to Lessor not less than 90 days prior to the Early Buy-Out Date. On the Early Buy-Out Date, Lessee shall pay to Lessor the Base Rent installment due, together with all other amounts then owing, plus an amount equal to $34,358.08, plus applicable taxes. Upon such payment the obligation of Lessee to pay rent hereunder with respect to the Units after the Early Buy-Out Date shall cease, the Lease term for the Units shall end on the respective Early Buy-Out Date, and Lessor shall execute and deliver to Lessee a quitclaim xxxx of sale for the Units. (b)

Appears in 1 contract

Samples: Lease Agreement (R B Rubber Products Inc)

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Early Buy-Out. If no Event event of Default exists, Lessee may purchase all, but not less than all, Units subject to this Schedule at the end as of the 72nd 66th scheduled Base Rent installment date of the Base Term of each such Unit (( the "Early Buy-Out Date"), by notice to Lessor not less than 90 180 days prior to the Early early Buy-Out Date. On the Early Buy-Out Date, Lessee shall pay to Lessor the Base Rent installment due, together with all other amounts then owing, plus an amount equal to $34,358.08, 49,287.44 plus any applicable taxes. Upon such payment payment, the obligation of Lessee to pay rent hereunder with respect to the Units after the Early Buy-Out Date shall cease, the Lease lease term for the Units shall end on the respective Early Buy-Out Date, and Lessor shall execute and deliver to Lessee a quitclaim xxxx bxxx of sale for the Units. (b)

Appears in 1 contract

Samples: Tor Minerals International Inc

Early Buy-Out. If no Event event of Default exists, Lessee may purchase all, but not less than all, Units subject to this Schedule at the end as of the 72nd 48th scheduled Base Rent installment date of the Base Term of each such Unit (( the "Early Buy-Out Date"), by notice to Lessor not less than 90 days prior to the Early early Buy-Out Date. On the Early Buy-Out Date, Lessee shall pay to Lessor the Base Rent installment due, together with all other amounts then owing, plus an amount equal to $34,358.08, 67,926.20 plus any applicable taxes. Upon such payment payment, the obligation of Lessee to pay rent hereunder with respect to the Units after the Early Buy-Out Date shall cease, the Lease lease term for the Units shall end on the respective Early Buy-Out Date, and Lessor shall execute and deliver to Lessee a quitclaim xxxx of sale for the Units. (b).

Appears in 1 contract

Samples: Lease Agreement (Tor Minerals International Inc)

Early Buy-Out. If no Event event of Default existsexists and is continuing, Lessee may purchase all, but not less than all, Units subject to this Schedule at the end of the 72nd scheduled Base Rent installment date of the Base Term of each such Unit (( the "Early Buy-Out Date"" ), by notice to Lessor not less than 90 180 days prior to the Early early Buy-Out Date. On the Early Buy-Out Date, Lessee shall pay to Lessor the Base Rent installment due, together with all other amounts then owing, plus an amount equal to $34,358.08, plus applicable taxes24.82% of Lessor's Cost. Upon such payment payment, the obligation of Lessee to pay rent hereunder with respect to the Units after the Early Buy-Out Date shall cease, the Lease sublease term for the Units shall end on the respective Early Buy-Out Date, and Lessor shall execute and deliver to Lessee a quitclaim xxxx bill of sale for the Units. (b)

Appears in 1 contract

Samples: Tor Minerals International Inc

Early Buy-Out. If no Event of Default exists, Lessee may purchase all, but not less than all, Units subject to this Schedule at the end of the 72nd scheduled Base Rent installment date of the Base Term of each such Unit (the "Early Buy-Out Date"), by notice to Lessor not less than 90 days prior to the Early Buy-Out Date. On the Early Buy-Out Date, Lessee shall pay to Lessor the Base Rent installment due, together with all other amounts then owing, plus an amount equal to $34,358.0867,158.08, plus applicable taxes. Upon such payment the obligation of Lessee to pay rent hereunder with respect to the Units after the Early Buy-Out Date shall cease, the Lease term for the Units shall end on the respective Early Buy-Out Date, and Lessor shall execute and deliver to Lessee a quitclaim xxxx of sale for the Units. (b)

Appears in 1 contract

Samples: Lease Agreement (R B Rubber Products Inc)

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Early Buy-Out. If no Event event of Default exists, Lessee may purchase all, but not less than all, Units subject to this Schedule at the end as of the 72nd 48th scheduled Base Rent installment date of the Base Term of each such Unit (( the "Early Buy-Out Date"), by notice to Lessor not less than 90 days prior to the Early early Buy-Out Date. On the Early Buy-Out Date, Lessee shall pay to Lessor the Base Rent installment due, together with all other amounts then owing, plus an amount equal to $34,358.08, 31,295.31 plus any applicable taxes. Upon such payment payment, the obligation of Lessee to pay rent hereunder with respect to the Units after the Early Buy-Out Date shall cease, the Lease lease term for the Units shall end on the respective Early Buy-Out Date, and Lessor shall execute and deliver to Lessee a quitclaim xxxx bill of sale for the Units. (b)

Appears in 1 contract

Samples: Tor Minerals International Inc

Early Buy-Out. If no Event event of Default exists, Lessee may purchase all, but not less than all, Units subject to this Schedule at the end as of the 72nd scheduled Base Rent installment date of the Base Term of each such Unit (( the "Early Buy-Out Date"), by notice to Lessor not less than 90 180 days prior to the Early early Buy-Out Date. On the Early Buy-Out Date, Lessee shall pay to Lessor the Base Rent installment due, together with all other amounts then owing, plus an amount equal to $34,358.08, 64,392.21 plus any applicable taxes. Upon such payment payment, the obligation of Lessee to pay rent hereunder with respect to the Units after the Early Buy-Out Date shall cease, the Lease lease term for the Units shall end on the respective Early Buy-Out Date, and Lessor shall execute and deliver to Lessee a quitclaim xxxx of sale for the Units. (b).

Appears in 1 contract

Samples: Tor Minerals International Inc

Early Buy-Out. If no Event of Default exists, Lessee may purchase all, but not less than all, Units subject to this Schedule at the end of the 72nd scheduled Base Rent installment date of the Base Term of each such Unit (the "Early Buy-Out Date"), by notice to Lessor not less than 90 days prior to the Early Buy-Out Date. On the Early Buy-Out Date, Lessee shall pay to Lessor the Base Rent installment due, together with all other amounts then owing, plus an amount equal to $34,358.08271,054.00, plus applicable taxes. Upon such payment the obligation of Lessee to pay rent hereunder with respect to the Units after the Early Buy-Out Date shall cease, the Lease term for the Units shall end on the respective Early Buy-Out Date, and Lessor shall execute and deliver to Lessee a quitclaim xxxx of sale for the Units. (b)

Appears in 1 contract

Samples: Lease Agreement (R B Rubber Products Inc)

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