Lessor's Option. At the option of the Lessor, which may be exercised at any time, the Lessee shall, upon written request of the Lessor, on the first day on the calendar month immediately following such request, and on the first day of each calendar month thereafter during the Term (each of which dates is referred to as a "Monthly Deposit Date"), pay to and deposit with the Lessor a sum equal to one-twelfth (1/12th) of the Impositions to be levied, charged, filed, assessed or imposed upon or against the Leased Property within one (1) year after said Monthly Deposit Date and a sum equal to one-twelfth (1/12th) of the premiums for the insurance policies required pursuant to Article 12 which are payable within one (1) year after said Monthly Deposit Date. If the amount of the Impositions to be levied, charged, assessed or imposed or insurance premiums to be paid within the ensuing one (1) year period shall not be fixed upon any Monthly Deposit Date, such amount for the purpose of computing the deposit to be made by the Lessee hereunder shall be estimated by the Lessor with an appropriate adjustment to be promptly made between the Lessor and the Lessee as soon as such amount becomes determinable. In addition, the Lessor may, at its option, from time to time require that any particular deposit be greater than one-twelfth (1/12th) of the estimated amount payable within one (1) year after said Monthly Deposit Date, if such additional deposit is required in order to provide to the Lessor a sufficient fund from which to make payment of all Impositions on or before the next due date of any installment thereof, or to make payment of any required insurance premiums not later than the due date thereof.
Lessor's Option. If the rents remain unpaid for twenty (20) days after the due date or if Lessee is in default of any of the terms or conditions stated herein, Lessor shall have the right to declare the Lease forfeited, and upon written notice, Lessor may re-enter and take possession of the Premises and remove all persons and property therefrom. Lessor, may at his option, re-let the Premises without prejudice to Xxxxxx's remedies for collection of rents, or damages incurred by Xxxxxx. It is understood and agreed that each and all of the remedies given Lessor under this Lease are cumulative and that the exercise of one right or remedy by Lessor shall not impair its right to any other remedy.
Lessor's Option. (See Addendum-Paragraph 36.) Upon reasonable advance notice and notwithstanding anything to the contrary contained herein and in addition to the rights provided Lessor in Paragraph 7.3, Lessor may at its option (but shall not be required to) enter upon the Premises at any time during the term hereof and perform any maintenance, repairs or alterations which Lessor is entitled to perform under the terms of the Lease, and Lessee shall pay Lessor Lessee's share of the cost of any such maintenance, repairs or alterations, as such share shall be equitably determined by Lessor, promptly upon Lessor's billing Lessee therefor. Lessor's reasonable determination thereof, in good faith, shall be conclusive. Lessor agrees to perform any such work in a manner which reasonably minimizes disruption to Lessee's business activities.
Lessor's Option. The occurrence of any one or more of the following events shall constitute a material default and breach of this Lease by Xxxxxx:
Lessor's Option. Within thirty (30) days after Xxxxxx's receipt of Xxxxxx's Request for Transfer, Lessor may, in its sole discretion, exercise any one of the options described below by providing written notice to Xxxxxx of Lessor's election. If for any reason, Lessor fails to give Xxxxxx written notice of Xxxxxx's election as authorized by this subparagraph 53.3 within the said thirty (30) day period, Lessor shall be deemed to have elected to consent to the Transfer. The options available to Lessor are as follows:
Lessor's Option. At the option of Lessor upon the occurrence of an event or circumstance which, with the giving of notice and/or the passage of time, would constitute a Lease Default, which may be exercised at any time thereafter, Lessee shall, upon written request of Lessor, on the first day on the calendar month immediately following such request, and on the 31
Lessor's Option. Upon a Lease Default, or an event which, with the giving of notice or passage of time, and/or both, would constitute a Lease Default, at the option of Lessor, which may be exercised at any time thereafter, Lessee shall, upon written request of Lessor, on the first day of the calendar month immediately following such request, and on the first day of each calendar month thereafter during the Term (each of which dates is referred to as a "Monthly Deposit Date"), pay to and deposit with Lessor a sum equal to one-twelfth (1/12th) of the Impositions to be levied, charged, filed, assessed or imposed upon or against the Leased Property within one (1) year after said Monthly Deposit Date and a sum equal to one-twelfth (1/12th) of the premiums for the insurance policies required pursuant to Article 12 which are payable within one (1) year after said Monthly Deposit Date. If the amount of the Impositions to be levied, charged, assessed or imposed or insurance premiums to be paid within the ensuing one (1) year period shall not be fixed upon any Monthly Deposit Date, such amount for the purpose of computing the deposit to be made by Lessee hereunder shall be estimated by Lessor with an appropriate adjustment to be promptly made between Lessor and Lessee as soon as such amount becomes determinable. In addition, Lessor may, at its option, from time to time require that any particular deposit be greater than one-twelfth (1/12th) of the estimated amount payable within one (1) year after said Monthly Deposit Date, if such additional deposit is required in order to provide to Lessor a sufficient fund from which to make payment of all Impositions on or before the next due date of any installment thereof, or to make payment of any required insurance premiums not later than the due date thereof.
Lessor's Option. If Lessee is in default of any of the terms or conditions under this Lease, Lessor may demand performance in writing. If thirty (30) days elapse after such notice and no performance has occurred, then Lessor shall have the right to declare the Lease forfeited, and to re-let the Premises. It is understood and agreed that each and all of the remedies given Lessor under this Lease are cumulative and that the exercise of one right or remedy by Lessor shall not impair its right to any other remedy. of 17
Lessor's Option. Subsequent to Xxxxxx’s breach of any covenant or agreement under the Deed of Trust or any other mortgage or other security instrument for which this Lease or any improvements on the Premises are pledged as security, and upon the expiration of any applicable cure period, Lessor shall have an option (herein, the “option”) to acquire Lessee’s leasehold interest (subject to all valid liens and encumbrances) upon either payment in full of all sums secured by the Deed of Trust or assumption of the Loan with the approval of the Lender or HUD as evidenced by the promissory note (the “Promissory Note”) and the Deed of Trust and execution of an assumption agreement acceptable in all respects to the Lender. Such option is subject to the following conditions:
Lessor's Option. Notwithstanding anything contained herein to the contrary, and provided that the Indenture shall have been satisfied and discharged by the payment in full of all principal of and premium, if any, and interest on the Secured Notes and all other amounts then due and payable to the holders of Secured Notes or the Indenture Trustee under the Indenture or otherwise, Lessor may, at its option, upon written notice to Lessee given at least 10 (but not more than 30) days prior to the Termination Date, refuse to sell its interest in the Equipment pursuant to the procedures set forth in Section 21(a), in which case the Lease Term for the Equipment shall end.
