Common use of Event of Loss; Condemnation or Casualty Clause in Contracts

Event of Loss; Condemnation or Casualty. (a) If an Event of Loss shall occur, Lessee shall give Lessor and Agent prompt written notice of such occurrence and the date thereof and Lessee shall purchase the Site(s) affected thereby from Lessor on the next succeeding Payment Date after the date such Event of Loss shall have occurred at a purchase price equal to the sum of (A) the Allocated Amount, plus (B) all accrued but unpaid Rent, plus (C) all other sums due and payable by Lessee to Lessor, Agent or any Lender with respect to such affected Site(s) under any of the Operative Documents. (b) Upon payment in full of all amounts payable pursuant to Section 13.1(a) and the discharge of the Lien of the Mortgage pursuant to Section 6.3 thereof, (i) the Lease Term shall end with respect to the affected Site(s), (ii) the obligations of Lessee hereunder with respect to the affected Site(s) (other than any obligations expressed herein as surviving termination of this Lease) shall terminate as of the date of such payment.

Event of Loss; Condemnation or Casualty. (a) If an Event of Loss shall occur, Lessee shall give Lessor and Administrative Agent prompt written notice of such occurrence and the date thereof and Lessee shall purchase the Site(s) affected thereby Property suffering such Event of Loss from Lessor on the next succeeding first to occur of (i) the first Rent Payment Date occurring at least 30 days on or after the date such Event of Loss shall have occurred and (ii) the Termination Date, at a purchase price equal to the sum of (A) the Allocated Amountthen outstanding Lease Balance, or if only one Property has suffered the Event of Loss, the then outstanding Property Balance of the affected Property, plus (B) all accrued but unpaid Rent, plus (C) all other sums due and payable by Lessee to Lessor, Agent or any Lender Lessor with respect to such affected Site(s) Property under this Lease or any of the other Operative Documents. (b) Upon payment in full of all amounts payable pursuant to Section SECTION 13.1(a) and the discharge of the Lien of the Mortgage pursuant to Section 6.3 thereof), (i) the Lease Term shall end with respect to the affected Site(s), Property and (ii) the obligations of Lessee hereunder with respect to the affected Site(s) such Property (other than any obligations expressed herein as surviving termination of this Lease) shall terminate as of the date of such payment.

Event of Loss; Condemnation or Casualty. (a) If an Event of Loss shall occur, Lessee shall give Lessor and Agent prompt written notice of such occurrence and the date thereof and Lessee shall purchase the Site(s) affected thereby from Lessor on the next succeeding Payment Date after the date such Event of Loss shall have occurred at Lease Agreement a purchase price equal to the sum of (A) the Allocated Amount, plus (B) all accrued but unpaid Rent, plus (C) all other sums due and payable by Lessee to Lessor, Agent or any Lender with respect to such affected Site(s) under any of the Operative Documents. (b) Upon payment in full of all amounts payable pursuant to Section 13.1(a) and the discharge of the Lien of the Mortgage pursuant to Section 6.3 thereof, (i) the Lease Term shall end with respect to the affected Site(s), (ii) the obligations of Lessee hereunder with respect to the affected Site(s) (other than any obligations expressed herein as surviving termination of this Lease) shall terminate as of the date of such payment.

Event of Loss; Condemnation or Casualty. (a) If an Event of Loss shall occuroccur or a Casualty event as described in the first sentence of Section 13.4, Lessee shall give Lessor and Agent prompt ------------ written notice of such occurrence and the date thereof and Lessee shall purchase the Site(s) Site affected thereby from Lessor on the next succeeding Payment Date after the date such Event of Loss shall have occurred at a purchase price equal to the sum of (Aa) the Allocated AmountLease Balance, plus (Bb) all accrued but unpaid Rent, plus (Cc) all other sums due and payable by Lessee to Lessor, Investor, Agent or any Lender with respect to such affected Site(s) Site under any of the Operative Documents. (b) Upon payment in full of all amounts payable pursuant to Section 13.1(a------- 13.1 (a) and the discharge of the Lien of the Mortgage pursuant to Section 6.3 thereofthereto, (i) the ------- Lease Term shall end with respect to the affected Site(s)end, and (ii) the obligations of Lessee hereunder with respect to the affected Site(s) (other than any obligations expressed herein as surviving termination of this Lease) shall terminate as of the date of such payment.