Effect of Conveyance to Lessee. Upon conveyance of the Leased Property after the exercise by Lessee of any of its rights to purchase the Leased Property, including its rights under Section 14.1(e), or after exercise of the Remarketing Option and the fulfillment of the applicable conditions of clauses (i) through (x) of Section 15.6, this Lease shall automatically terminate unless Lessee otherwise elects in writing.
Appears in 2 contracts
Samples: Master Lease and Development Agreement (Atria Communities Inc), Master Lease and Development Agreement (Eagle Usa Airfreight Inc)
Effect of Conveyance to Lessee. Upon conveyance of the Leased Property after the exercise by Lessee of any of its rights to purchase the Leased Property, including its rights under Section 14.1(e), ) or after exercise of the Remarketing Option and the fulfillment of the applicable conditions of clauses (i) through (x) of Section 15.6Option, this Lease shall automatically terminate unless Lessee otherwise elects in writing.
Appears in 2 contracts
Samples: Lease and Development Agreement (Huffy Corp), Lease and Development Agreement (Eagle Usa Airfreight Inc)
Effect of Conveyance to Lessee. Upon conveyance of the Leased Property after the exercise by Lessee of any of its rights to purchase the Leased Property, including its rights under Section SECTION 14.1(e), or after exercise of the Remarketing Option and the fulfillment of the applicable conditions of clauses CLAUSES (i) through (x) of Section SECTION 15.6, this Lease shall automatically terminate unless Lessee otherwise elects in writing.
Appears in 1 contract
Samples: Lease Agreement (STB Systems Inc)
