Common use of No Purchase or Termination With Respect to Less than All of a Property Clause in Contracts

No Purchase or Termination With Respect to Less than All of a Property. Lessee shall not be entitled to exercise its Purchase Option or the Sale Option separately with respect to a portion of any Property consisting of Land, Equipment, Improvements and/or any interest pursuant to a Ground Lease but shall be required to exercise its Purchase Option or the Sale Option with respect to an entire Property.

Appears in 5 contracts

Samples: Lease Agreement (Healthsouth Corp), Participation Agreement (Lexicon Genetics Inc/Tx), Lease Agreement (Guilford Pharmaceuticals Inc)

AutoNDA by SimpleDocs

No Purchase or Termination With Respect to Less than All of a Property. Lessee shall not be entitled to exercise its Purchase Option or the Sale Option separately with respect to a portion of any Property consisting of Land, Equipment, Equipment and/or Improvements and/or any interest pursuant to a Ground Lease but shall be required to exercise its Purchase Option or the Sale Option with respect to an entire Property.

Appears in 2 contracts

Samples: Lease Agreement (Pep Boys Manny Moe & Jack), Lease Agreement (Pep Boys Manny Moe & Jack)

No Purchase or Termination With Respect to Less than All of a Property. Except as provided in Section 22.6, Lessee shall not be entitled to exercise its Purchase Option or the Sale Option separately with respect to a portion of any Property consisting of Land, Equipment, Equipment and/or Improvements and/or any interest pursuant to a Ground Lease but shall be required to exercise its Purchase Option or the Sale Option with respect to an entire Property.

Appears in 2 contracts

Samples: Lease Agreement (Sabre Holdings Corp), Lease Agreement (Sabre Holdings Corp)

No Purchase or Termination With Respect to Less than All of a Property. Except as otherwise expressly provided in Section 20.1 hereof, Lessee shall not be entitled to exercise its Purchase Option or the Sale Option separately with respect to a portion of any Property consisting of Land, Equipment, Improvements and/or any interest pursuant to a Ground Lease but shall be required to exercise its Purchase Option or the Sale Option with respect to an entire Property.

Appears in 1 contract

Samples: Lease Agreement (Acxiom Corp)

AutoNDA by SimpleDocs

No Purchase or Termination With Respect to Less than All of a Property. No Lessee shall not be entitled to exercise its Purchase Option or the Sale Option separately with respect to a portion of any Property consisting of Land, Equipment, Improvements and/or any interest pursuant to a Ground Lease but shall be required to exercise its Purchase Option or the Sale Option with respect to an entire Property.

Appears in 1 contract

Samples: Lease Agreement (Dollar Tree Stores Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!