Common use of Final Liquidated Damages Clause in Contracts

Final Liquidated Damages. If a Lease Event of Default shall have occurred and be continuing, Lessor shall have the right to recover, by demand to Lessee and at Lessor's election, and Lessee shall pay to Lessor, as and for final liquidated damages, but exclusive of the indemnities payable under Section 12 of the Participation Agreement, and in lieu of all damages beyond the date of such demand the sum of (a) the Termination Value, plus (b) all other amounts owing in respect of Rent theretofore accruing under this Lease. Upon payment of the amount specified pursuant to the first sentence of this Section 17.2, Lessor shall, at Lessee's cost, assign all of Lessor's right, title and interest in the Properties, in each case in recordable form and otherwise in conformity with local custom and free and clear of the Lien of the Lease Supplement. Lessee (or Lessee's designee) shall execute and deliver to Lessor an assumption of all of Lessor's obligations under the Ground Leases, if any. The Properties shall be transferred to Lessee (or Lessee's designee) "AS IS" and in their then present physical condition. If any statute or rule of law shall limit the amount of such final liquidated damages to less than the amount agreed upon, Lessor shall be entitled to the maximum amount allowable under such statute or rule of law; provided, that Lessee shall not be entitled to receive an assignment of Lessor's interest under the Ground Leases, if any, or in the Properties unless (a) Lessee shall have paid in full the Termination Value of each of Properties or (b) Lessor otherwise elects to make such assignment.

Final Liquidated Damages. If a Lease Event of Default shall have occurred and be continuing, Lessor shall have the right to recover, by demand to Lessee and at Lessor's election, and Lessee shall pay to Lessor, as and for final liquidated damages, but exclusive of the indemnities payable under Section 12 13 of the Participation AgreementAgreement (to the extent any such liabilities do not constitute Supplemental Rent), and in lieu of all damages beyond the date of such demand the sum of (a) the Termination Value, plus (b) all other amounts owing in respect of Rent and Supplemental Rent theretofore accruing under this Lease. Upon payment of the amount specified pursuant to the first sentence of this Section 17.2, Lessor shallLessee shall be entitled to receive from Lessor, at Lessee's request and cost, assign all an assignment of Lessor's right, title and interest in the PropertiesEquipment, in each case in recordable form and otherwise in conformity with local custom and free and clear of the Lien of the Lease Supplement. Lessee (or Lessee's designee) shall execute Security Agreement and deliver to any Lessor an assumption of all of Lessor's obligations under the Ground Leases, if anyLiens. The Properties Equipment shall be transferred quitclaimed to Lessee (or Lessee's designee) "AS IS" and in their its then present physical condition. If any statute or rule of law shall limit the amount of such final liquidated damages to less than the amount agreed upon, Lessor shall be entitled to the maximum amount allowable under such statute or rule of law; provided, that Lessee shall not be entitled to receive an assignment of Lessor's interest under the Ground Leases, if any, or in the Properties unless (a) Lessee shall have paid in full the Termination Value of each of Properties or (b) Lessor otherwise elects to make such assignment.

Final Liquidated Damages. If a Lease Event of Default shall have ------------------------ occurred and be continuing, Lessor shall have the right to recover, by demand to Lessee and at Lessor's election, and Lessee shall pay to Lessor, as and for final liquidated damages, but exclusive of the indemnities payable under Section 12 13 of the Participation AgreementAgreement (to the extent any such liabilities do not constitute Supplemental Rent), and in lieu of all damages beyond the date of such demand the sum of (a) the Termination Value, plus (b) all other amounts owing in respect of Rent and Supplemental Rent theretofore accruing under this Lease. Upon payment of the amount specified pursuant to the first sentence of this Section 17.2, Lessor shallLessee shall be entitled to receive from Lessor, at Lessee's request and cost, assign all an assignment of Lessor's right, title and interest in the PropertiesEquipment, in each case in recordable form and otherwise in conformity with local custom and free and clear of the Lien of the Lease Supplement. Lessee (or Lessee's designee) shall execute Security Agreement and deliver to any Lessor an assumption of all of Lessor's obligations under the Ground Leases, if anyLiens. The Properties Equipment shall be transferred quitclaimed to Lessee (or Lessee's designee) "AS IS" and in their its then present physical condition. If any statute or rule of law shall limit the amount of such final liquidated damages to less than the amount agreed upon, Lessor shall be entitled to the maximum amount allowable under such statute or rule of law; provided, that Lessee shall not be entitled to receive an assignment of Lessor's interest under the Ground Leases, if any, or in the Properties unless (a) Lessee shall have paid in full the Termination Value of each of Properties or (b) Lessor otherwise elects to make such assignment.

Final Liquidated Damages. If a Lease Event of Default shall have occurred and be continuing, Lessor shall have the right to recover, by demand to Lessee and at Lessor's election, and Lessee shall pay to Lessor, as and for final liquidated damages, but exclusive of the indemnities payable under Section 12 of the Participation Agreement, and in lieu of all damages beyond the date of such demand the sum of (a) the Termination Value, plus (b) all other amounts owing in respect of Rent and Supplemental Rent theretofore accruing under this Lease. Upon payment of the amount specified pursuant to the first sentence of this Section 17.2, Lessee shall be entitled to receive from Lessor shalland the Issuer, at Lessee's request and cost, assign all an assignment of Lessor's and the Issuer's right, title and interest in the PropertiesProject, in each case in recordable form and otherwise in conformity with local custom and free and clear of the Lien of the Lease Supplement. Lessee (or Lessee's designee) shall execute Operative Agreements, Issuer Liens and deliver to Lessor an assumption of all of Lessor's obligations under the Ground Leases, if anyLiens. The Properties Project shall be transferred quitclaimed to Lessee (or Lessee's designee) "AS IS" and in their its then present physical condition. If any statute or rule of law shall limit the amount of such final liquidated damages to less than the amount agreed upon, Lessor shall be entitled to the maximum amount allowable under such statute or rule of law; provided, that Lessee shall not be entitled to receive an assignment of Lessor's interest under the Ground Leases, if any, or in the Properties unless (a) Lessee shall have paid in full the Termination Value of each of Properties or (b) Lessor otherwise elects to make such assignment.