Obligation to Purchase All Properties. If on the Purchase Decision Date the then Termination Value of all the Properties is less than the Maximum Purchase Option Amount, then on the Maturity Date Lessee shall be required to exercise its Purchase Option on the Maturity Date with respect to all remaining Properties.
Appears in 2 contracts
Samples: Lease, Security Agreement and Financing Agreement (Quality Food Centers Inc), Lease, Security Agreement and Financing Agreement (Fred Meyer Inc)
Obligation to Purchase All Properties. If on the Purchase Decision date which is twelve months prior to the Maturity Date the then Termination Value of all the Properties (including any Substitute Property) is less than the Maximum Purchase Option Amount, then on the Maturity Date Lessee shall be required to exercise its Purchase Option on the Maturity Date with respect to all remaining Properties.
Appears in 2 contracts
Samples: Lease (Living Centers of America Inc), Lease (Paragon Health Network Inc)
Obligation to Purchase All Properties. If on the Purchase Decision date which is nine months prior to the Maturity Date the then Termination Value of all the Properties is less than the Maximum Purchase Option Amount, then on the Maturity Date Lessee shall be required to exercise its Purchase Option on the Maturity Date with respect to all remaining Properties.
Appears in 1 contract
Samples: Kindercare Learning Centers Inc /De
Obligation to Purchase All Properties. If on the Purchase Decision date which is ------------------------------------- twelve months prior to the Maturity Date the then Termination Value of all the Properties is less than the Maximum Purchase Option Amount, then on the Maturity Date Lessee shall be required to exercise its Purchase Option on the Maturity Date with respect to all remaining Properties.
Appears in 1 contract
Samples: Lease (Sailors Inc)
Obligation to Purchase All Properties. If Notwithstanding any provision contained in any Lease or any other Operative Agreement, if on the Purchase Decision date which is two months prior to the Maturity Date the then Termination Value of all the Properties (other than Properties with respect to which a Lessee has given notice of its intention to exercise its Purchase Option) is less than the Maximum Purchase Option Amount, then on the Maturity Date Lessee the Lessees shall be required to exercise its their respective Purchase Option Options on the Maturity Date with respect to all remaining Properties.
Appears in 1 contract
Obligation to Purchase All Properties. If on the Purchase Decision date which is twelve months prior to the Maturity Date the then Termination Value of all the Properties is less than the Maximum Purchase Option Amount, then on the Maturity Date Lessee shall be required to exercise its Purchase Option on the Maturity Date with respect to all remaining Properties.. 21. SALE OF PROPERTY
Appears in 1 contract
Samples: Lease (Dominicks Supermarkets Inc)
