Common use of Obsolescence of the Leased Property; Offer to Purchase Clause in Contracts

Obsolescence of the Leased Property; Offer to Purchase. If the Leased ------------------------------------------------------ Property becomes Unsuitable for its Primary Intended Use, all as set forth in an Officer's Certificate delivered to Lessor. Lessee may (provided this Lease is still in effect), purchase the Leased property for the Minimum Purchase Price on the first Payment Date occurring not less than 120 days after the date of such Officer's Certificate.

Appears in 1 contract

Samples: Lease Agreement (Emeritus Corp\wa\)

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Obsolescence of the Leased Property; Offer to Purchase. If the Leased ------------------------------------------------------ Property -------------------------------------------------------- Property, or any portion thereof, becomes Unsuitable for its Primary Intended Use, all as set forth in an Officer's Certificate delivered to Lessor. , Lessee may (provided this Lease is still in effect), purchase the affected portion of the Leased property Property for the Minimum Purchase Price on the first Payment Date occurring not less than 120 days after the date of such Officer's Certificate.

Appears in 1 contract

Samples: Lease Agreement (Emeritus Corp\wa\)

Obsolescence of the Leased Property; Offer to Purchase. If the Leased ------------------------------------------------------ Property becomes Unsuitable for its Primary Intended Use, all as set forth in an Officer's Certificate delivered to Lessor. Lessee may (provided this Lease is still in effect), purchase the Leased property Property for the Minimum Purchase Price on the first Payment Date occurring not less than 120 days after the date of such Officer's Certificate.

Appears in 1 contract

Samples: Lease Agreement (Emeritus Corp\wa\)

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Obsolescence of the Leased Property; Offer to Purchase. If the ------------------------------------------------------ Leased ------------------------------------------------------ Property becomes Unsuitable for its Primary Intended Use, all as set forth in an Officer's Certificate delivered to Lessor. Lessee may (provided this Lease is still in effect), purchase the Leased property Property for the Minimum Purchase Price on the first Payment Date occurring not less than 120 days after the date of such Officer's Certificate.

Appears in 1 contract

Samples: Lease Agreement (Emeritus Corp\wa\)

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