Options in Favor of Lessee. SECTION 10.01. Options to Terminate 27 SECTION 10.02. Conveyance of the Project to the Lessee 27 SECTION 10.03. Conveyance at Closing 27
Options in Favor of Lessee. Section 11.1 Options to Terminate the Lease Term 23 Section 11.2 Option to Purchase Project 23 Section 11.3 Conveyance on Purchase 24 Section 11.4 Option to Purchase Unimproved Land 24 Section 11.5 Relative Position of Options and Financing Agreement 24
Options in Favor of Lessee. 35 Section 11.1 General Option to Purchase Project........................35 Section 11.2 Option to Purchase a Portion of the Project...............36 Section 11.3 Conveyance on Purchase....................................37 Section 11.4 Relative Position of Options and Indenture................38 Section 11.5 Lessee's Option to Terminate..............................38 Section 11.6 Conveyance of Project at End of Lease Term................38 ARTICLE XII - MISCELLANEOUS...................................................39
Options in Favor of Lessee. Section 11.1 General Option to Purchase Project 32 Section 11.2 Option to Purchase a Portion of the Project 32 Section 11.3 Conveyance on Purchase 33 Section 11.4 Relative Position of Options and Indenture 34 Section 11.5 Lessee’s Option to Terminate 34 Section 11.6 Conveyance of Project at End of Lease Term 35 ARTICLE XII MISCELLANEOUS Section 12.1 Notices 35 Section 12.2 Binding Effect 36 Section 12.3 Severability 36 Section 12.4 Amounts Remaining in Funds 36 Section 12.5 Amendments, Changes and Modifications 36 Section 12.6 Execution Counterparts 37 Section 12.7 Captions 37 Section 12.8 Recording of Lease 37 Section 12.9 Law Governing Construction of Lease 37 Section 12.10 Net Lease 37 Section 12.11 Survival of Purchase Options 37 EXHIBIT A—LAND EXHIBIT B—THE PROJECT STATE OF GEORGIA COUNTY OF XXXXXX THIS LEASE AGREEMENT made and entered into as of December 1, 2002 (this “Lease”) by and between DEVELOPMENT AUTHORITY OF XXXXXX COUNTY (herein called the “Issuer”), a public body corporate and politic duly organized and existing under the laws of the State of Georgia, as Lessor, and ADESA ATLANTA, LLC (herein called the “Lessee”), a limited liability corporation duly organized and existing under the laws of the State of New Jersey, as Lessee.
Options in Favor of Lessee. 24 Section 11.1. Options to Terminate the Lease Term...................................................24 Section 11.2. Option to Purchase Project............................................................24 Section 11.3. Conveyance on Purchase................................................................24 Section 11.4. Deed and Bill of Sale Held in Escrow..................................................24
Options in Favor of Lessee
