Common use of Lessee’s Obligation to Purchase Clause in Contracts

Lessee’s Obligation to Purchase. If any Event of Default shall have occurred and be continuing, by so providing by separate notice given by Lessor to Lessee at any time thereafter prior to the time such Event of Default shall be cured, Lessor may require Lessee to purchase the Leased Property on the first Base Rent Payment Date occurring not less than thirty (30) days after the date of receipt of, or such later date that is specified in, said notice requiring such purchase for an amount equal to the higher of the then current Fair Market Value Purchase Price or the Minimum Repurchase Price of the Leased Property plus all Rent then due and payable (excluding the installment of Base Rent due on the purchase date) as of the date of purchase. If Lessor exercises such right, Lessor shall convey the Leased Property to Lessee on the date fixed therefor in accordance with the provisions of Article XVIII upon receipt of the purchase price therefor and this Lease shall thereupon terminate. Any purchase by Lessee of the Leased Property pursuant to this Section shall be in lieu of the damages specified in Section 16.1.

Lessee’s Obligation to Purchase. If any an Event of Default shall have occurred and be continuingoccurred, Lessor may require Lessees to purchase all of the Leased Property by so providing including such requirement in the Notice of Termination (as defined in Section 16.1, above) or by separate notice Notice given by Lessor to Lessee Lessees at any time thereafter prior to after the time such occurrence and continuance of an Event of Default during the Term. Such purchase by Lessees shall be cured, Lessor may require Lessee to purchase the Leased Property take place on the first Base Rent Payment Date occurring not less than thirty (30) days after the date of receipt of, or such later date that is may be specified in, said notice the Notice of Termination or separate Notice requiring such purchase. The purchase price for the Leased Property shall be an amount equal to the higher of the then current Fair Market Value Purchase Price thereof or the Minimum Repurchase Price of the Leased Property plus all Rent then due and payable (excluding the installment of Base Minimum Rent and Additional Charges due on the purchase date) as of the date of purchase. If Lessor exercises such right, upon payment of the purchase price Lessor shall convey the Leased Property to Lessee Lessees or their nominee, subject to the Permitted Encumbrances and any other easements, restrictions, liens or other matters of any kind except such encumbrances, if any, as may have been created by the act or negligence of Lessor, on the date fixed therefor specified in accordance with the provisions of Article XVIII upon receipt of the purchase price therefor this Section 16.4 and this Lease shall thereupon terminate. Any The purchase price paid by Lessee of Lessees for the Leased Property pursuant to this Section shall be in lieu credited against, but shall not relieve Lessees of liability for, the damages specified in Section 16.116.3(A), excluding, however, all prepaid Rent or Rent accruing after the date of the purchase of the Leased Property.

Lessee’s Obligation to Purchase. If Upon the occurrence of a Put ------------------------------- Event with respect to any Event of Default shall have occurred and be continuingFacility, by so providing by separate notice given by Lessor to Lessee at any time thereafter prior to the time such Event of Default shall be cured, Lessor may entitled to require Lessee to purchase the Leased Property of any such Facility on the first Base monthly Minimum Rent Payment Date occurring not less than thirty (30) days after the date of receipt of, or such later date that is specified in, said in a notice from Lessor requiring such purchase for an amount equal to the higher greater of (i) the then current Fair Market Value Purchase Price of such Facility, or (ii) the Minimum Repurchase Price of the Leased Property plus such Facility, plus, in either event, all Rent then due and payable (excluding the installment of Base monthly Allocated Minimum Rent due on the purchase date) with respect to such Facility as of the date of purchase. If Lessor exercises such right, Lessor shall convey to Lessee the Leased Property to Lessee of such Facility on the date fixed therefor in accordance with the provisions of Article XVIII upon receipt of the purchase price therefor and this Lease shall thereupon terminateterminate with respect to the Leased Property of such Facility. Any purchase by Lessee of the Leased Property of a Facility pursuant to this Section shall be in lieu of the damages specified in Section 16.116.3 with respect to such Facility.

Lessee’s Obligation to Purchase. If any an Event of Default shall have occurred and be continuing, by so providing including such requirement in the five (5) day notice of termination of this Lease given to Lessee by Lessor pursuant to the provisions of the first (unnumbered) paragraph of Section 16.1 (such notice requirement being set forth immediately following clause (t) of said Section 16.1) or by separate notice given by Lessor to Lessee at any time thereafter prior to the time such Event of Default shall be cured, Lessor may require Lessee to purchase the Leased Property on the first Base Minimum Rent Payment Date payment date occurring not less than thirty (30) days after the date of receipt of, or such later date that is specified in, said notice requiring such purchase for an amount equal to the higher of the then current Fair Market Value Purchase Price or the Minimum Repurchase Price of the Leased Property plus all Rent then due and payable (excluding the installment of Base Minimum Rent due on the purchase date) as of the date of purchase. If Lessor exercises such right, Lessor shall convey the Leased Property to Lessee on the date fixed therefor in accordance with the provisions of Article XVIII upon receipt of the purchase price therefor and this Lease shall thereupon terminate. , Any purchase by Lessee of the Leased Property pursuant to this Section shall be in lieu of the damages specified in Section 16.1Sections 16.3.

Lessee’s Obligation to Purchase. If any an Event of Default shall have occurred and be continuing, by so providing by separate notice given by Lessor to Lessee at any time thereafter prior to the time such Event of Default shall be curedoccurred, Lessor may require Lessee to purchase the Leased Property on the first Base Minimum Rent Payment Date occurring not less than thirty (30) days after the date specified in a notice from Lessor, which notice may be included in any notice of receipt oftermination of this Lease given to Lessee pursuant to Section 16.2 or by separate written notice given by Lessor to Lessee at any time thereafter, or such later date that is specified in, said notice requiring such purchase for an amount equal to the higher greater of (i) the then current Fair Market Value Purchase Price Value, or (ii) the Minimum Repurchase Price of the Leased Property plus Price, plus, in either event, all Rent then due and payable (excluding the installment of Base Minimum Rent due on the purchase date) as of the date of purchase). If Lessor exercises such right, Lessor shall convey the Leased Property to Lessee on the date fixed 35 41 therefor in accordance with the provisions of Article XVIII upon receipt of the purchase price therefor and this Lease shall thereupon terminate. Any purchase by Lessee of the Leased Property pursuant to this Section shall be in lieu of the damages specified in Section 16.116.3.