Common use of Option to Remarket Clause in Contracts

Option to Remarket. Subject to the fulfillment of each of the conditions set forth in this Section 14.6, the Lessees shall have the option to market all of, but not less than all of, the Leased Properties for Lessor (the "Remarketing Option"). The Lessees' effective exercise and consummation of the Remarketing Option shall be subject to the due and timely fulfillment of each of the following provisions, the failure of any of which, unless waived in writing by Lessor and the Lenders, shall render the Remarketing Option and the Lessees' exercise thereof null and void, in which event, each Lessee shall be obligated to perform its obligations under Section 14.2.

Appears in 4 contracts

Samples: Master Lease Agreement (Choicepoint Inc), Lease Agreement (Dollar Tree Stores Inc), Master Lease Agreement (Choicepoint Inc)

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Option to Remarket. Subject to the fulfillment of each of ------------------ the conditions set forth in this Section 14.6, the Lessees shall have the option ------------ to market all of, but not less than all of, the Leased Properties for Lessor (the "Remarketing Option"). ------------------ The Lessees' effective exercise and consummation of the Remarketing Option shall be subject to the due and timely fulfillment of each of the following provisions, the failure of any of which, unless waived in writing by Lessor and the Lenders, shall render the Remarketing Option and the Lessees' exercise thereof null and void, in which event, each Lessee shall be obligated to perform its obligations under Section 14.2.. ------------

Appears in 2 contracts

Samples: Master Lease Agreement (Hughes Supply Inc), Master Lease Agreement (Rowe Companies)

Option to Remarket. Subject to the fulfillment of each of the conditions set forth in this Section 14.6, the Lessees Lessee shall have the option to market all of, but not less than all of, the Leased Properties for Lessor (the "Remarketing Option"). The Lessees' Lessee's effective exercise and consummation of the Remarketing Option shall be subject to the due and timely fulfillment of each of the following provisions, the failure of any of which, unless waived in writing by Lessor and the Lenders, shall render the Remarketing Option and the Lessees' Lessee's exercise thereof null and void, in which event, each Lessee shall be obligated to perform its obligations under Section 14.2.

Appears in 2 contracts

Samples: Master Agreement (Ruby Tuesday Inc), Master Agreement (Ruby Tuesday Inc)

Option to Remarket. Subject to the fulfillment of each of the conditions set forth in this Section SECTION 14.6, and provided that no Lessee has exercised a Partial Purchase Option, the Lessees shall have the option to market all of, but not less than all of, the Leased Properties for Lessor (the "Remarketing OptionREMARKETING OPTION"). The Lessees' effective exercise and consummation of the Remarketing Option shall be subject to the due and timely fulfillment of each of the following provisions, the failure of any of which, unless waived in writing by Lessor and the Lenders, shall render the Remarketing Option and the Lessees' exercise thereof null and void, in which event, each Lessee shall be obligated to perform its obligations under Section SECTION 14.2.

Appears in 1 contract

Samples: Master Lease Agreement (Cornell Companies Inc)

Option to Remarket. Subject to the fulfillment of each of the conditions set forth in this Section 14.6subparagraph (f), the Lessees Lessee shall have the option to market all of, (but not less than all of, all) of the Leased Properties Property for the Lessor (the "Remarketing Option"). The Lessees' Lessee's effective exercise and consummation of the Remarketing Option shall be subject to the due and timely fulfillment of each of the following provisions, the failure of any of which, unless waived in writing by the Lessor and the LendersAgent, shall render the Remarketing Option and the Lessees' Lessee's exercise thereof null and void, in which event, each the Lessee shall be obligated to perform its obligations under Section 14.2.subparagraph (b) above:

Appears in 1 contract

Samples: Lease Agreement (Human Genome Sciences Inc)

Option to Remarket. Subject to the fulfillment of each of the conditions set forth in this Section 14.6Section, the Lessees Lessee shall have the option to market all of, but not less than all of, the Leased Properties for Lessor (the "Remarketing Option")) to market all, but not less than all, of the Leased Property and to procure a purchaser therefor. The Lessees' Lessee's effective exercise and consummation of the Remarketing Option shall be subject to the due and timely fulfillment of each of the following provisions, the failure of any of which, unless waived in writing by Lessor and the Lenders, which shall render the Remarketing Option and the Lessees' Lessee's exercise thereof null and void, in which event, each Lessee shall be remain obligated to perform all of its obligations under Section 14.2.SECTION 15.2 ("Purchase Obligation"):

Appears in 1 contract

Samples: Lease and Development Agreement (STB Systems Inc)

Option to Remarket. Subject to the fulfillment of each of the conditions set forth in this Section 14.6, the Lessees shall have the option to market all of, but not less than all of, any of the Leased Properties for Lessor (the "Remarketing Option"). The Lessees' effective exercise and consummation of the Remarketing Option shall be subject to the due and timely fulfillment of each of the following provisions, the failure of any of which, unless waived in writing by Lessor and the Lenders, shall render the Remarketing Option and the Lessees' exercise thereof null and void, in which event, each Lessee shall be obligated to perform its obligations under Section 14.2.

Appears in 1 contract

Samples: Master Lease Agreement (Concord Efs Inc)

Option to Remarket. Subject to the fulfillment of each of the conditions set forth in this Section 14.6, the Lessees shall have the option to market all of, but not less than all of, the Leased Properties for Lessor (the "Remarketing Option"). The Lessees' effective exercise and consummation of the Remarketing Option shall be subject to the due and timely fulfillment of each of the following provisions, the failure of any of which, unless waived in writing by Lessor and the LendersLender, shall render the Remarketing Option and the Lessees' exercise thereof null and void, in which event, each Lessee shall be obligated to perform its obligations under Section 14.2.

Appears in 1 contract

Samples: Master Lease Agreement (Dollar General Corp)

Option to Remarket. Subject to the fulfillment of ------------------ each of the conditions set forth in this Section 14.6, the Lessees Lessee shall have ------------ the option to market all of, but not less than all of, of the Leased Properties Property for the Lessor (the "Remarketing Option"). The Lessees' Lessee's effective exercise and consummation of ------------------ the Remarketing Option shall be subject to the due and timely fulfillment of each of the following provisions, the failure of any of which, unless waived in writing by Lessor the Lessor, the Agent and the Lenders, shall render the Remarketing Option and the Lessees' Lessee's exercise thereof null and void, in which event, each the Lessee shall be obligated to perform its obligations under Section 14.2.. ------------

Appears in 1 contract

Samples: Master Lease Agreement (Jones Financial Companies Lp LLP)

Option to Remarket. Subject to the fulfillment of each of the conditions set forth in this Section 14.6Section, the Lessees Lessee shall have the option to market all of, but not less than all of, the Leased Properties for Lessor (the "Remarketing Option")) to market all, but not less than all, of the Leased Property and to procure a purchaser therefor. The Lessees' Lessee's effective exercise and consummation of the Remarketing Option shall be subject to the due and timely fulfillment of each of the following provisions, the failure of any of which, unless waived in writing by Lessor and the Lenders, which shall render the Remarketing Option and the Lessees' Lessee's exercise thereof null and void, in which event, each Lessee shall be remain obligated to perform all of its obligations under Section 14.2.15.2 (the "Purchase Obligation"):

Appears in 1 contract

Samples: Master Lease and Development Agreement (Atria Communities Inc)

Option to Remarket. Subject to the fulfillment of each of the conditions set forth in this Section 14.6, the Lessees Lessee shall have the option to market all of, but not less than all of, the Leased Properties for Lessor (the "Remarketing Option"). The Lessees' Lessee's effective exercise and consummation of the Remarketing Option shall be subject to the due and timely fulfillment of each of the following provisions, the failure of any of which, unless waived in writing by Lessor and the Lenders, which shall render the Remarketing Option and the Lessees' Lessee's exercise thereof null and void, in which event, each Lessee shall be obligated to perform its obligations under Section 14.2.

Appears in 1 contract

Samples: Lease Participation Agreement (Aaron Rents Inc)

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Option to Remarket. Subject to the fulfillment of ------------------ each of the conditions set forth in this Section 14.6, the Lessees Lessee shall ------------ have the option to market all of, but not less than all of, of the Leased Properties Property for the Lessor (the "Remarketing Option"). The Lessees' Lessee's effective exercise and consummation ------------------ of the Remarketing Option shall be subject to the due and timely fulfillment of each of the following provisions, the failure of any of which, unless waived in writing by Lessor the Lessor, the Agent and the Lenders, shall render the Remarketing Option and the Lessees' Lessee's exercise thereof null and void, in which event, each the Lessee shall be obligated to perform its obligations under Section 14.2.. ------------

Appears in 1 contract

Samples: Master Lease Agreement (Jones Financial Companies Lp LLP)

Option to Remarket. Subject to the fulfillment of each of the conditions set forth in this Section 14.6, the Lessees shall have the option to market all of, but not less than all of, any of the Leased Properties for Lessor (the "Remarketing Option"). The Lessees' effective exercise and consummation of the Remarketing Option shall be subject to the due and timely fulfillment of each of the following provisions, the failure of any of which, unless waived in writing by Lessor and the Lenders, shall render the Remarketing Option and the Lessees' exercise thereof null and void, in which event, each Lessee shall be obligated to perform its obligations under Section 14.2.

Appears in 1 contract

Samples: Master Lease Agreement (Concord Efs Inc)

Option to Remarket. Subject to the fulfillment of each of the conditions set forth in this Section 14.6, the Lessees Lessee shall have the option to market all of, but not less than all of, the Leased Properties Property for Lessor (the "Remarketing Option"). The Lessees' Lessee’s effective exercise and consummation of the Remarketing Option shall be subject to the due and timely fulfillment of each of the following provisions, the failure of any of which, unless waived in writing by Lessor and the Lenders, shall render the Remarketing Option and the Lessees' Lessee’s exercise thereof null and void, in which event, each the Lessee shall be obligated to perform its obligations under Section 14.2.

Appears in 1 contract

Samples: Lease Agreement (Bank of New York Co Inc)

Option to Remarket. Subject to the fulfillment of each of the conditions set forth in this Section 14.6SECTION 15.6, the Lessees Lessee shall have the option to market all of, but not less than all of, the Leased Properties for Lessor (the "Remarketing Option")) to market the Leased Property for the Lessor and to procure a purchaser therefor. The Lessees' Lessee's effective exercise and consummation of the Remarketing Option shall be subject to the due and timely fulfillment of each of the following provisions, the failure of any of which, unless waived in writing by Lessor and the Lenders, which shall render the Remarketing Option and the Lessees' Lessee's exercise thereof null and void, in which event, each the Lessee shall be obligated to perform its obligations under Section 14.2.SECTION 15.2 hereof, "Purchase Obligation":

Appears in 1 contract

Samples: Lease Agreement (Minnesota Power Inc)

Option to Remarket. Subject to the fulfillment of each of the conditions set forth in this Section 14.6, the Lessees Lessee shall have the option to market all of, but not less than all of, the Leased Properties for Lessor (the "Remarketing Option"). The Lessees' Lessee’s effective exercise and consummation of the Remarketing Option shall be subject to the due and timely fulfillment of each of the following provisions, the failure of any of which, unless waived in writing by Lessor and the Lenders, shall render the Remarketing Option and the Lessees' Lessee’s exercise thereof null and void, in which event, each Lessee shall be obligated to perform its obligations under Section 14.2.

Appears in 1 contract

Samples: Master Lease Agreement (Checkfree Corp \Ga\)

Option to Remarket. Subject to the fulfillment of each of the conditions set forth in this Section SECTION 14.6, the Lessees shall have the option to market all of, but not less than all of, the Leased Properties for Lessor (the "Remarketing OptionREMARKETING OPTION"). The Lessees' effective exercise and consummation of the Remarketing Option shall be subject to the due and timely fulfillment of each of the following provisions, the failure of any of which, unless waived in writing by Lessor and the Lenders, shall render the Remarketing Option and the Lessees' exercise thereof null and void, in which event, each Lessee shall be obligated to perform its obligations under Section SECTION 14.2.

Appears in 1 contract

Samples: Master Lease Agreement (Allete Inc)

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