Common use of Lessor Commitment Clause in Contracts

Lessor Commitment. Subject to the conditions and terms ----------------- hereof, the Lessor shall take the following actions at the written request of the Lessee from time to time during the Commitment Period: (a) make Advances (out of funds provided by the Participants) for the purpose of financing the acquisition of the Land Interest and the Equipment and construction of the Improvements; (b) acquire the Land Interest and the Equipment (using funds provided by the Participants); and (c) lease the Property as lessor to the Lessee under the Lease.

Appears in 2 contracts

Samples: Participation Agreement (Quantum Corp /De/), Participation Agreement (Vitesse Semiconductor Corp)

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Lessor Commitment. Subject to the conditions and terms ----------------- hereof, the Lessor shall take the following actions at the written request of the Lessee from time to time during the Commitment Period: (a) make Advances (out of funds provided by the Participants) for the purpose of financing the acquisition of the Land Interest and the Equipment and construction of the Improvements; (b) acquire the Land Interest and the Equipment (using funds provided by the Participants); and (c) lease the Property as lessor to the Lessee under the Lease.

Appears in 1 contract

Samples: Participation Agreement (Quantum Corp /De/)

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Lessor Commitment. Subject to the conditions and terms ----------------- hereof, the Lessor shall take the following actions at the written request of the Lessee from time to time during the Commitment Period: (a) make Advances (out of funds provided by the Participants) for the purpose of financing the acquisition of the Land Interest and the Equipment and construction of the ImprovementsEquipment; (b) acquire the Land Interest and the Equipment (using funds provided by the Participants); and (c) lease the Property as lessor to the Lessee under the Lease.

Appears in 1 contract

Samples: Participation Agreement (Vitesse Semiconductor Corp)

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