Common use of Effect of Purchase on Lease Clause in Contracts

Effect of Purchase on Lease. The exercise by the Tenant of the option granted under these Sections 17.6 to 17.10 and the purchase and sale and conveyance of a portion or portions of the Land constituting a part of the Project pursuant hereto shall in no way whatsoever affect this Lease, and all the terms and provisions hereof shall remain in full force and effect the same as though no notice of election to purchase had been given, and specifically, but not in limitation of the generality of the foregoing, exercise of such option shall not affect, alter, diminish, reduce or xxxxx the Tenant’s obligations to pay all Basic Rent and Additional Rent required hereunder.

Appears in 2 contracts

Samples: Lease (Lmi Aerospace Inc), Lease (MGP Ingredients Inc)

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Effect of Purchase on Lease. The exercise by the Tenant of the option granted under these Sections 17.6 10.04 to 17.10 10.08 and the purchase and sale and conveyance of a portion or portions of the Land constituting a part of the Project pursuant hereto shall in no way whatsoever affect this Lease, and all the terms and provisions hereof shall remain in full force and effect the same as though no notice of election to purchase had been given, and specifically, but not in limitation of the generality of the foregoing, exercise of such option shall not affect, alter, diminish, reduce or xxxxx the Tenant’s 's obligations to pay all Basic Rent and Additional Rent Lease Payments required hereunder.

Appears in 1 contract

Samples: Lease (National Beef Packing Co LLC)

Effect of Purchase on Lease. The exercise by the Tenant of the option granted under these Sections 17.6 to 17.10 this ARTICLE XIV and the purchase and sale and conveyance of a portion or portions of the Land constituting a part of the Project pursuant hereto shall in no way whatsoever affect this Lease, and all the terms and provisions hereof shall remain in full force and effect the same as though no notice of election to purchase had been given, and specifically, but not in limitation of the generality of the foregoing, exercise of such option shall not affect, alter, diminish, reduce or xxxxx axxxx the Tenant’s 's obligations to pay all Basic Rent and Additional Rent required hereunder.

Appears in 1 contract

Samples: Lease (Capital Lease Funding Inc)

Effect of Purchase on Lease. The exercise by the Tenant of the option granted under these Sections 17.6 17.06 to 17.10 and the purchase and sale and conveyance of a portion or portions of the Land constituting a part of the Project pursuant hereto shall in no way whatsoever affect this Lease, and all the terms and provisions hereof shall remain in full force and effect the same as though no notice of election to purchase had been given, and specifically, but not in limitation of the generality of the foregoingforgoing, exercise of such option shall not affect, alter, diminish, reduce or xxxxx the Tenant’s obligations to pay all Basic Rent and Additional Rent required hereunder.

Appears in 1 contract

Samples: Master Lease Agreement

Effect of Purchase on Lease. The exercise by the Tenant Corporation of the option granted under these Sections 17.6 to through 17.10 and the purchase and sale and conveyance of a portion or portions of the Land constituting a part of the Project pursuant hereto shall in no way whatsoever affect this Lease, and all the terms and provisions hereof shall remain in full force and effect the same as though no notice of election to purchase had been given, and specifically, but not in limitation of the generality of the foregoing, exercise of such option shall not affect, alter, diminish, reduce or xxxxx the Tenant’s abate Corporation's obligations to pay all Basic Rent and Additional Rent Xxxx required hereunder.

Appears in 1 contract

Samples: Lease Agreement (Elecsys Corp)

Effect of Purchase on Lease. The exercise by the Tenant of the option granted under these Sections 17.6 to 17.10 and the purchase and sale and conveyance of a portion or portions of the Land constituting a part of the Project pursuant hereto shall in no way whatsoever affect this Lease, and all the terms and provisions hereof shall remain in full force and effect the same as though no notice of election to purchase had been given, and specifically, but not in limitation of the generality of the foregoing, exercise of such option shall not affect, alter, diminish, reduce or xxxxx the abate Tenant’s obligations to pay 's obligaxxxxx xx xxx all Basic Rent and Additional Rent required hereunder.

Appears in 1 contract

Samples: Lease (Collins Industries Inc)

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Effect of Purchase on Lease. The exercise by the Tenant of the option granted under these Sections 17.6 to 17.10 herein and the purchase and sale and conveyance of a portion or portions of the Land constituting a part of the Project pursuant hereto shall in no way whatsoever affect this Lease, and all the terms and provisions hereof shall remain in full force and effect the same as though no notice of election to purchase had been given, and specifically, but not in limitation of the generality of the foregoingforgoing, exercise of such option shall not affect, alter, diminish, reduce or xxxxx the Tenant’s obligations to pay all Basic Rent and Additional Rent required hereunder.

Appears in 1 contract

Samples: Lease

Effect of Purchase on Lease. The exercise by the Tenant of the option granted under these Sections 17.6 to 17.10 and the purchase and sale and conveyance of a portion or portions of the Land constituting a part of the Project pursuant hereto shall in no way whatsoever affect this Lease, and all the terms and provisions hereof shall remain in full force and effect the same as though no notice of election to purchase had been given, and specifically, but not in limitation of the generality of the foregoing, exercise of such option shall not affect, alter, diminish, reduce or xxxxx the axxxx Tenant’s 's obligations to pay all Basic Rent and Additional Rent required hereunder.

Appears in 1 contract

Samples: Lease (Collins Industries Inc)

Effect of Purchase on Lease. The exercise by the Tenant of the option granted under these Sections 17.6 to 17.10 and the purchase and sale and conveyance of a portion or portions of the Land constituting a part of the Project pursuant hereto shall in no way whatsoever affect this Lease, and all the terms and provisions hereof shall remain in full force and effect the same as though no notice of election to purchase had been given, and specifically, but not in limitation of the generality of the foregoing, exercise of such option shall not affect, alter, diminish, reduce or xxxxx the axxxx Tenant’s obligations to pay all Basic Rent and Additional Rent required hereunder.

Appears in 1 contract

Samples: Lease Agreement (Federal Home Loan Bank of Topeka)

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