Common use of Lessee Directions Clause in Contracts

Lessee Directions. The Lessor and each of the Lenders ----------------- hereby agree that, so long as no Lease Default or Lease Event of Default exists, the Lessee shall have the exclusive right to exercise any right of the Lessor under the applicable Participation Agreement upon not less than ten (10) Business Days' prior written notice from the Lessee to the Lessor, unless the Lessor objects to such exercise within five (5) Business Days of receipt of such notice.

Appears in 1 contract

Samples: Participation Agreement (Palm Inc)

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Lessee Directions. The Lessor Lessor, the Agent, the Financing ----------------- Lenders, the Equity Lenders, and each of the Lenders ----------------- Lessee hereby agree that, so long as no Lease Default or Lease Event of Default exists, the Lessee shall have the exclusive right to exercise any right of the Lessor under the applicable Participation Loan Agreement upon not less than ten two (102) Business Days' prior written notice from the Lessee to the Lessor, unless the Lessor objects to such exercise within five two (52) Business Days of receipt of such notice.

Appears in 1 contract

Samples: Participation Agreement (Mail Well Inc)

Lessee Directions. The Lessor and each of the Lenders ----------------- hereby agree that, so long as no Lease Default or Lease Event of Default exists, the Lessee shall have the exclusive right to exercise any right of the Lessor under the applicable Participation Loan Agreement upon not less than ten two (102) Business Days' prior written notice from the Lessee to the Lessor, unless the Lessor objects to such exercise within five (5) Business Days of receipt of such notice.

Appears in 1 contract

Samples: Participation Agreement (Symantec Corp)

Lessee Directions. The Lessor and each of the Lenders ----------------- Lender hereby agree that, so long as no Lease Default or Lease Event of Default exists, the Lessee shall have the exclusive right to exercise any right of the Lessor as borrower under the applicable Participation Loan Agreement upon not less than ten three (103) Business Days' ’ prior written notice from the Lessee to the Lessor, unless the Lessor objects to such exercise within five two (52) Business Days of receipt of such notice.

Appears in 1 contract

Samples: Participation Agreement (Citrix Systems Inc)

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Lessee Directions. The Lessor and each of the Lenders ----------------- hereby agree that, so long as no Lease Default or Lease Event of Default exists, the Lessee shall have the exclusive right to exercise any right of the Lessor under the applicable Participation Loan Agreement upon not less than ten two (102) Business Days' prior written notice from the Lessee to the Lessor, unless the Lessor objects to such exercise within five (5) Business Days of receipt of such notice.. Participation Agreement

Appears in 1 contract

Samples: Participation Agreement (Symantec Corp)

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