Common use of Procedures During Remarketing Clause in Contracts

Procedures During Remarketing. (a) During the Marketing Period, the Lessee shall, as nonexclusive agent for the Lessor, use its best efforts to sell the interest of the Lessor in the Property and will attempt to obtain the highest purchase price therefor. The Lessee will be responsible for hiring brokers (if the Lessee so elects) and making the Property available for inspection by prospective purchasers. The Lessee shall promptly upon request permit inspection of the Property and any maintenance records relating to the Property by the Lessor, any Participant and any potential purchasers, and the Lessee shall otherwise do all things necessary to sell and deliver possession of the Property to any purchaser. All such marketing of the Property shall be at the Lessee's sole expense.

Appears in 1 contract

Samples: Sabre Holdings Corp

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Procedures During Remarketing. (a) During the Marketing Period, the Lessee shall, as nonexclusive agent for the Lessor, use its best efforts to sell the interest of the Lessor in each Property for which the Property Remarketing Option has been exercised and will attempt to obtain the highest purchase price therefortherefor and for not less than the Fair Market Sales Value. The Lessee will be responsible for hiring brokers (if the Lessee so elects) and making the each Property available for inspection by prospective purchasers. The Lessee shall promptly upon request permit inspection of the each Property and any maintenance records relating to the each Property by the Lessor, any Participant and any potential purchasers, and the Lessee shall otherwise do all things necessary to sell and deliver possession of the each Property to any purchaser. All such marketing of the Property Properties shall be at the Lessee's sole expense.

Appears in 1 contract

Samples: Master Lease And (Lam Research Corp)

Procedures During Remarketing. (a) During the Marketing Period, the Lessee shall, as nonexclusive agent for the Lessor, use its best efforts to sell the interest of the Lessor in each Property for which the Property Remarketing Option has been exercised and will attempt to obtain the highest purchase price therefortherefor and for not less than the Fair Market Sales Value. The Lessee will be responsible for hiring brokers (if the Lessee so elects) and making the each Property available for inspection by prospective purchasers. The Lessee shall promptly upon request permit inspection of the each Property and any maintenance records relating to the each Property by the Lessor, any Participant and any potential purchasers, and the Lessee shall otherwise do all things necessary to sell and deliver possession of the each Property to any purchaser. All such marketing of the Property Properties shall be at the Lessee's sole expense.

Appears in 1 contract

Samples: Master Lease And (Lam Research Corp)

Procedures During Remarketing. (a) During the Marketing Period, the Lessee shall, as nonexclusive agent for the LessorLessor Trust, use its best efforts to sell the interest of the Lessor Trust in the Property Properties and will attempt to obtain the highest purchase price therefortherefor and for not less than the Fair Market Sales Value. The Lessee will be responsible for hiring brokers (if the Lessee so elects) and making the Property available for inspection by prospective purchasers. The Lessee shall promptly upon request permit inspection of the Property and any maintenance records relating to the any Property by the LessorAgent Certificate Holder, any Participant and any potential purchasers, and the Lessee shall otherwise do all things necessary to sell and deliver possession of the Property Properties to any purchaser. All such marketing of the Property Properties shall be at the Lessee's sole expense.

Appears in 1 contract

Samples: Participation Agreement (Mondavi Robert Corp)

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Procedures During Remarketing. (a) During the Marketing Period, the Lessee shall, as nonexclusive agent for the Agent Lessor, use its commercial best efforts to sell the interest of the Agent Lessor in the Property and will attempt to obtain the highest purchase price therefortherefor and for not less than the Fair Market Sales Value. The Lessee will be responsible for hiring brokers (if the Lessee so elects) and making the Property available for inspection by prospective purchasers. The Lessee shall promptly upon reasonable request permit during normal business hours inspection of the Property and any maintenance records relating to the Property by the Agent Lessor, any Participant and any potential purchasers, and the Lessee and the Lessee shall otherwise do all things necessary to sell and deliver possession of the Property to any purchaser. All such marketing of the Property shall be at the Lessee's sole expense.

Appears in 1 contract

Samples: Trust and Security Agreement (Alumax Inc)

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