Obligation to Purchase Facility. 29 Section 11.4 Conveyance on Purchase............................29 ARTICLE XII
Obligation to Purchase Facility. Upon termination or expiration of the Lease Term, in accordance with Sections 5.2 or 11.1 hereof, the Company shall be obligated to purchase the Facility from the Agency for the purchase price of One Dollar $l.00) plus all unpaid payments in lieu of taxes pursuant to the PILOT Agreement through the date upon which this Lease Agreement terminates or expires. The Company shall purchase the Facility by giving written notice to the Agency and to the Mortgagee (which may be contained in the certificate referred to in Section 11.1 hereof) (i) declaring the Company's election to purchase and (ii) fixing the date of closing such purchase, which shall be the date on which this Lease Agreement is to be terminated.
Obligation to Purchase Facility. Upon termination of the Lease Term in accordance with Sections 2.5, 7.2 or Section 8.1 hereof, the Company shall purchase the Facility from the Agency (or if the Agency’s interest is a leasehold, the Agency shall surrender its leasehold estate) for One Dollar ($1.00) plus all rental payments reserved and unpaid as described in Section
Obligation to Purchase Facility. 40 SECTION 11.4 Conveyance on Purchase. . . . . . . . . . . . . 40 SECTION 11.5 Amounts Remaining on Deposit with Bondholder upon Payment of Bond . . . . . . . . . . . 41 ARTICLE XII MISCELLANEOUS
Obligation to Purchase Facility. Upon termination of the Lease term, the Agency shall have the obligation to sell the Project to Lessee, and the Lessee shall have the obligation to purchase the Project from the Agency for the purchase price of One Dollar ($1.00). The Lessee shall purchase the Project by giving written notice to the Agency (which may be contained in the certificate referred to in Section 7.1) fixing the date of closing such purchase, which shall be on or about the date on which this Lease is to be terminated. This Lease shall thereupon terminate, with the exception of Section 4.8, which shall survive any termination hereof.
Obligation to Purchase Facility. Upon termination of the term of this Lease Agreement in accordance with Section 2.5 or Section 8.1 hereof, the Company shall purchase the Facility from the Agency for the purchase price of One ($1.00)
Obligation to Purchase Facility. Upon termination of the term of this Leaseback Agreement in accordance with Sections 2.5, 7.2 or 8.1 hereof, the Company shall purchase the Facility from the Agency (or if the Agency's interest is a leasehold, the Agency shall surrender its leasehold estate) for One Dollar ($1.00) plus all rental reserved and unpaid as described in Section 2.6 hereof (the "Purchase Payment"). The Company shall exercise its obligation to purchase or option to have the Agency's leasehold interest terminated by giving written notice to the Agency and paying said amount to the Agency.
Obligation to Purchase Facility. Upon termination or expiration of the Lease Term, in accordance with Sections 5.2 or 11.1 hereof, the Company shall purchase the Facility from the Agency for the purchase price of One Dollar ($1.00) plus all unpaid payments in lieu of taxes pursuant to the PILOT Agreement through the date upon which this Lease Agreement terminates or expires and all unpaid installments of rent payable (whether past due or scheduled to become due pursuant to Sections 5.3(a) and (b) hereof). The Company shall purchase the Facility by giving written notice to the Agency (which may be contained in the certificate referred to in Section 11.1 hereof) (i) declaring the Company's election to purchase and (ii) fixing the date of closing such purchase, which shall be the date on which this Lease Agreement is to be terminated.
Obligation to Purchase Facility. Upon termination or expiration of the Lease Term, in accordance with Sections 5.2 or 11.1A or 11.1B hereof, the Issuer will sell and the Company or its designee shall purchase the Facility from the Issuer for the purchase price of One Dollar ($1.00) plus all unpaid payments in lieu of taxes pursuant to the PILOT Agreement through the date upon which this Lease Agreement terminates or expires. The Company shall purchase the Facility by giving written notice to the Issuer and to the Bondholder (which may be contained in the certificate referred to in Section 11.1A hereof) (i) declaring the Company's election to purchase and (ii) fixing the date of closing such purchase, which shall be the date on which this Lease Agreement is to be terminated.
