Common use of Lessor Bankruptcy Clause in Contracts

Lessor Bankruptcy. During the Lease Term the parties hereto agree that if Lessee elects to remain in possession of any and all of the Property after the rejection of the Lease by Lessor under Section 365(h) of the Bankruptcy Code, all of the terms and provisions of this Lease shall be effective during such period of possession by Lessee, including the Renewal Terms and Lessee’s purchase rights hereunder, even if Lessor becomes subject to a case or proceeding under the Bankruptcy Code prior to the commencement of any such Renewal Term or the exercise by Lessee of such purchase rights.

Appears in 6 contracts

Samples: Lease Agreement (Vistra Energy Corp), Lease Agreement (Vistra Energy Corp), Lease Agreement (Cost Plus Inc/Ca/)

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Lessor Bankruptcy. During the Lease Term the parties hereto agree that if Lessee elects to remain in possession of any and all of the Property after the rejection of the Lease by Lessor under Section 365(h) of the Bankruptcy Code, all of the terms and provisions of this Lease shall be effective during such period of possession by Lessee, including the Renewal Terms and Lessee’s 's purchase rights hereunder, even if Lessor becomes subject to a case or proceeding under the Bankruptcy Code prior to the commencement of any such Renewal Term or the exercise by Lessee of such purchase rights.

Appears in 4 contracts

Samples: Lease Agreement (Griffin Capital Essential Asset REIT II, Inc.), Lease Agreement (Griffin Capital Essential Asset REIT II, Inc.), Purchase and Sale Agreement (Inland Western Retail Real Estate Trust Inc)

Lessor Bankruptcy. During the Lease Term the The parties hereto agree that if Lessee elects to remain in possession of any and all of the Property after the rejection of the this Lease by Lessor under Section 365(h) of the Bankruptcy Code, Code all of the terms and provisions of this Lease shall be effective during such period of possession by Lessee, including the Renewal Terms and Lessee’s purchase rights hereunderPurchase Option, even if Lessor becomes subject to a case or proceeding under the Bankruptcy Code prior to the commencement of any such Renewal Term or the exercise by Lessee of such purchase rights.

Appears in 2 contracts

Samples: Lease Agreement (United Therapeutics Corp), Lease Agreement (Human Genome Sciences Inc)

Lessor Bankruptcy. During the Lease Term Term, the parties hereto agree that if Lessee elects to remain in possession of any and all of the Property after the rejection of the this Lease by Lessor under Section 365(h) of the Bankruptcy Code, all of the terms and provisions of this Lease shall be effective during such period of possession by Lessee, including the Renewal Terms and Lessee’s purchase rights hereunder, even if Lessor becomes subject to a case or proceeding under the Bankruptcy Code prior to the commencement of any such Renewal Term or the exercise by Lessee of such purchase rights.

Appears in 2 contracts

Samples: Lease Agreement (Carter Validus Mission Critical REIT, Inc.), Lease Agreement (Carter Validus Mission Critical REIT, Inc.)

Lessor Bankruptcy. During the Lease Term the parties hereto agree that if Lessee elects to remain in possession of any and all of the Property after the rejection of the Lease by Lessor under Section 365(h) of the Bankruptcy Code, Code all of the terms and provisions of this Lease shall be effective during such period of possession by Lessee, including the Renewal Terms and Lessee’s purchase rights hereunder, even if Lessor becomes subject to a case or proceeding under the Bankruptcy Code prior to the commencement of any such Renewal Term or the exercise by Lessee of such purchase rights.

Appears in 2 contracts

Samples: Lease Agreement (Dollar General Corp), Lease Agreement (Dollar General Corp)

Lessor Bankruptcy. During the Lease Term the The parties hereto agree that if Lessee elects to remain in possession of any and all of the Property Properties after the rejection of the Lease by Lessor under Section 365(h) of the Bankruptcy Code, Code all of the terms and provisions of this Lease shall be effective during such period of possession by Lessee, including the Renewal Terms and Lessee’s purchase rights hereunder, 's Purchase Option even if Lessor becomes subject to a case or proceeding under the Bankruptcy Code prior to the commencement of any such Renewal Term or the exercise by Lessee of such purchase rights.

Appears in 2 contracts

Samples: Lease Agreement (Human Genome Sciences Inc), Lease Agreement (Goldman Sachs Group Inc)

Lessor Bankruptcy. During the Lease Term Term, the parties hereto agree that if Lessee elects to remain in possession of any and all of the Property after the rejection of the this Lease by Lessor under Section 365(h) of the Bankruptcy Code, all of the terms and provisions of this Lease shall be effective during such period of possession by LesseeXxxxxx, including the Renewal Terms and LesseeXxxxxx’s purchase rights hereunder, even if Lessor becomes subject to a case or proceeding under the Bankruptcy Code prior to the commencement of any such Renewal Term or the exercise by Lessee of such purchase rights.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

Lessor Bankruptcy. During the Lease Term Term, the parties hereto agree that if Lessee elects to remain in possession of any and all of the Property after the rejection of the this Lease by Lessor under Section 365(h) of the Bankruptcy Code, all of the terms and provisions of this Lease shall be effective during such period of possession by Lessee, including the Renewal Terms and Lessee’s purchase rights hereunder, . even if Lessor becomes subject to a case or proceeding under the Bankruptcy Code prior to the commencement of any such Renewal Term or the exercise by Lessee of such purchase rights.

Appears in 1 contract

Samples: Real Estate Sale Contract (Inland American Real Estate Trust, Inc.)

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Lessor Bankruptcy. During the Lease Term the The parties hereto agree that if the Lessee elects to remain in possession of any and all of the Property Facility after the rejection of the Lease by the Lessor under Section 365(h) of the Bankruptcy Code, Code all of the terms and provisions of this Lease shall be effective during such period of possession by the Lessee, including the Renewal Terms and Lessee’s purchase rights hereunder, Purchase Option even if the Lessor becomes subject to a case or proceeding under the Bankruptcy Code prior to the commencement of any such Renewal Term or the exercise by the Lessee of such purchase rights.

Appears in 1 contract

Samples: Lease Agreement (Ross Stores Inc)

Lessor Bankruptcy. During the Lease Term the The parties hereto agree that if the Lessee elects to remain in possession of any and all of the Property Facility after the rejection of the Lease by the Lessor under Section 365(h) of the Bankruptcy Code, Code all of the terms and provisions of this Lease shall be effective during such period of possession by the Lessee, including the Renewal Terms Lessee's Purchase Option and Lessee’s purchase rights hereunderSite Purchase Option, even if the Lessor becomes subject to a case or proceeding under the Bankruptcy Code prior to the commencement of any such Renewal Term or the exercise by the Lessee of such purchase rights.

Appears in 1 contract

Samples: Participation Agreement, Lease Agreement and Construction Agency Agreement (Ross Stores Inc)

Lessor Bankruptcy. During the Lease Term the The parties hereto agree that if Lessee elects to remain in possession of any and all of the Property after the rejection of the this Lease by Lessor under Section 365(h) of the Bankruptcy Code, Code all of the terms and provisions of this Lease shall be effective during such period of possession by Lessee, including the Renewal Terms and Lessee’s purchase rights hereunder, even if Lessor becomes subject to a case or proceeding under the Bankruptcy Code prior to the commencement of any such Renewal Term or the time for the exercise by Lessee of any such purchase rights.

Appears in 1 contract

Samples: Lease Agreement (Ca, Inc.)

Lessor Bankruptcy. During the Lease Term Term, the parties hereto agree that if Lessee elects to remain in possession of any and all of the Property after the rejection of the Lease by Lessor under Section 365(h) of the Bankruptcy Code, all of the terms and provisions of this Lease shall be effective during such period of possession by Lessee, including the Renewal Terms and Lessee’s purchase rights hereunder, even if Lessor becomes subject to a case or proceeding under the Bankruptcy Code prior to the commencement of any such Renewal Term or the exercise by Lessee of such purchase rights.

Appears in 1 contract

Samples: Lease Agreement (Kindercare Learning Centers Inc /De)

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