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