Common use of Funding of Accounts on Purchase Clause in Contracts

Funding of Accounts on Purchase. Lessee will not exercise the purchase option under this Section 22 unless either (a) the full amount required to fund the Post Lease Term Reserve Account is (upon consummation of such purchase and distribution of all amounts required to be distributed by the Collateral Agent under the Collateral Agency Agreement) and will be then available to the Collateral Agent to fund such account or (b) an indemnity pursuant to Section 3.13 of the Collateral Agency Agreement has been provided.

Funding of Accounts on Purchase. Lessee will not exercise ------------------------------- the purchase option under this Section 22 unless either (a) the full amount required to fund the Post Lease Term Reserve Account is (upon consummation of such purchase and distribution of all amounts required to be distributed by the Collateral Agent under the Collateral Agency Intercreditor Agreement) and will be then available to the Collateral Agent to fund such account account, or (b) an indemnity pursuant to Section 3.13 of the Collateral Agency Intercreditor Agreement has been provided.