Common use of Provisions Relating to Lessee's Exercise of its Purchase Option Clause in Contracts

Provisions Relating to Lessee's Exercise of its Purchase Option. Subject to Section 19.2, in connection with any termination of this Lease with respect to any Property pursuant to the terms of Section 16.2, or in connection with Lessee's exercise of its Purchase Option, upon the date on which this Lease is to terminate with respect to any Property, and upon tender by Lessee of the amounts set forth in Sections 16.2(b) or 20.2, as applicable, Lessor shall execute and deliver to Lessee (or to Lessee's designee) at Lessee's cost and expense an assignment (by deed or other appropriate instrument) of Lessor's entire interest in such Property, in each case in recordable form and otherwise in conformity with local custom and free and clear of any Lessor Liens attributable to Lessor but without any other warranties (of title or otherwise) from Lessor. Such Property shall be conveyed to Lessee "AS-IS, "WHERE-IS" and in then present physical condition.

Appears in 11 contracts

Samples: Lease Agreement (Acxiom Corp), Lease Agreement (Sunrise Assisted Living Inc), Lease Agreement (Guilford Pharmaceuticals Inc)

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Provisions Relating to Lessee's Exercise of its Purchase Option. Subject to Section 19.2, in connection with any termination of this Lease with respect to any Property pursuant to the terms of Section 16.2, or in connection with Lessee's ’s exercise of its Purchase Option, upon the date on which this Lease is to terminate with respect to any Property, and upon tender by Lessee of the amounts set forth in Sections 16.2(b) or 20.2, as applicable, Lessor shall execute and deliver to Lessee (or to Lessee's ’s designee) at Lessee's ’s cost and expense an assignment (by a special warranty deed or other appropriate instrument) conveyance instrument of Lessor's ’s entire interest in such Property, in each case in recordable form and otherwise in conformity with local custom and free and clear of any Lessor Liens attributable to Lessor but without any other warranties (of title or otherwise) from Lessor. Such Property shall be conveyed to Lessee "AS-IS, ",” “WHERE-IS" and in then present physical condition.

Appears in 2 contracts

Samples: Lease Agreement (Sabre Holdings Corp), Lease Agreement (Sabre Holdings Corp)

Provisions Relating to Lessee's Exercise of its Purchase Option. Subject to Section 19.2, in connection with any termination of this Lease with respect to any the Property pursuant to the terms of Section 16.2, or in connection with Lessee's exercise of its Purchase Option, upon the date on which this Lease is to terminate with respect to any the Property, and upon tender by Lessee of the amounts set forth in Sections 16.2(b) or 20.2, as applicable, Lessor shall execute and deliver to Lessee (or to Lessee's designee) at Lessee's cost and expense an assignment (by deed or other appropriate instrument) of Lessor's entire interest in such the Property, in each case in recordable form and otherwise in conformity with local custom and free and clear of any Lessor Liens attributable to Lessor but without any other warranties (of title or otherwise) from the Lessor. Such The Property shall be conveyed to Lessee "AS-AS IS, " "WHERE-WHERE IS" and in then present physical condition.

Appears in 2 contracts

Samples: Lease Agreement (Capital One Financial Corp), Lease Agreement (Capital One Financial Corp)

Provisions Relating to Lessee's Exercise of its Purchase Option. Subject to Section 19.2, in connection with any termination of this Lease with respect to any the Property pursuant to the terms of Section 16.2, or in connection with Lessee's exercise of its Purchase OptionOption respecting the Property, upon the date on which this Lease is to terminate with respect to any the Property, and upon tender by Lessee of the amounts set forth in Sections 16.2(b) or 20.2, as applicable, Lessor shall execute and deliver to Lessee (or to Lessee's designee) at Lessee's cost and expense an assignment (by deed or other appropriate instrument) of Lessor's entire interest in such the Property, in each case in recordable form and otherwise in conformity with local custom and free and clear of any Lessor Liens attributable to Lessor but without any other warranties (of title or otherwise) from Lessor. Such The Property shall be conveyed to Lessee "AS-IS, "WHERE-IS" and in then present physical condition.

Appears in 1 contract

Samples: Lease Agreement (Convergys Corp)

Provisions Relating to Lessee's Exercise of its Purchase Option. Subject to Section 19.2, in connection with any termination of this Lease with respect to any Property pursuant to the terms of Section 16.2, or in connection with Lessee's ’s exercise of its Purchase OptionOption or its option to purchase all the Properties pursuant to Section 20.1, upon the date on which this Lease is to terminate with respect to any Propertyterminate, and upon tender by Lessee of the amounts set forth in Sections 16.2(b) ), 20.1 or 20.2, as applicable, Lessor shall execute and deliver to Lessee (or to Lessee's ’s designee) ), at Lessee's ’s cost and expense a deed and an assignment (by deed or other appropriate instrument) of Lessor's ’s entire interest in such Propertythe Properties, in each case in recordable form and otherwise in conformity with local custom and free and clear of the Lien of this Lease and any Lessor Liens attributable to Lessor but without any other warranties (of title or otherwise) from the Lessor. Such All Property shall be conveyed to Lessee "AS-“AS IS, "WHERE-” “WHERE IS" and in then present physical condition.

Appears in 1 contract

Samples: Lease Agreement (Healthsouth Corp)

Provisions Relating to Lessee's Exercise of its Purchase Option. Subject to Section 19.2, in In connection with any termination of this Lease with respect to all or any portion of the Property pursuant to the terms of Section 16.2, or in connection with Lessee's exercise of its Purchase Option, upon the date on which this Lease is to terminate with respect to all or any portion of the Property, and upon tender by Lessee of the amounts set forth in Sections 16.2(b) or 20.2, as applicable, Lessor shall execute and deliver to Lessee (or to Lessee's designee) at Lessee's cost and expense an assignment (by deed or other appropriate instrument) of Lessor's entire interest in the Property or such portion of the Property, in each case in recordable form and otherwise in conformity with local custom and free and clear of any Lessor Liens attributable to Lessor but without any other warranties (of title or otherwise) from LessorLessor other than absence of Lessor Liens. Such The Property or such portion thereof shall be conveyed to Lessee "AS-IS, "WHERE-IS" and in then present physical condition.

Appears in 1 contract

Samples: Master Lease Agreement (Veritas Software Corp /De/)

Provisions Relating to Lessee's Exercise of its Purchase Option. Subject to Section 19.2, in connection with any termination of this Lease with respect to any Property pursuant to the terms of Section 16.2, or in connection with Lessee's exercise of its Purchase OptionOption or its option to purchase all Properties pursuant to Section 20.1, upon the date on which this Lease is to terminate with respect to any Propertyterminate, and upon tender by Lessee of the amounts set forth in Sections 16.2(b) ), 20.1 or 20.2, as applicable, Lessor shall execute and deliver to Lessee (or to Lessee's designee) at Lessee's cost and expense a deed and an assignment (by deed or other appropriate instrument) of Lessor's entire interest in such Propertythe Properties, in each case in recordable form and otherwise in conformity with local custom and free and clear of the Lien of this Lease and any Lessor Liens attributable to Lessor but without any other warranties (of title or otherwise) from the Lessor. Such All Property shall be conveyed to Lessee "AS-AS IS, " "WHERE-WHERE IS" and in then present physical condition.

Appears in 1 contract

Samples: Lease Agreement (Healthsouth Corp)

Provisions Relating to Lessee's Exercise of its Purchase Option. Subject to Section 19.2, in connection with any termination of this Lease with respect to any the Property pursuant to the terms of Section 16.2, or in connection with Lessee's ’s exercise of its Purchase OptionOption respecting the Property, upon the date on which this Lease is to terminate with respect to any the Property, and upon tender by Lessee of the amounts set forth in Sections 16.2(b) or 20.2, as applicable, Lessor shall execute and deliver to Lessee (or to Lessee's ’s designee) at Lessee's ’s cost and expense an assignment (by deed or other appropriate instrument) of Lessor's ’s entire interest in such the Property, in each case in recordable form and otherwise in conformity with local custom and free and clear of any Lessor Liens attributable to Lessor but without any other warranties (of title or otherwise) from Lessor. Such The Property shall be conveyed to Lessee "AS-IS, "WHERE-IS" and in then present physical condition.

Appears in 1 contract

Samples: Lease Agreement (Convergys Corp)

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Provisions Relating to Lessee's Exercise of its Purchase Option. Subject to Section 19.2, in connection with any termination of this Lease with respect to any Property pursuant to the terms of Section 16.2, or in connection with Lessee's ’s exercise of its Purchase Option, upon the date on which this Lease is to terminate with respect to any Property, and upon tender by Lessee of the amounts set forth in Sections 16.2(b) or 20.2, as applicable, Lessor shall execute and deliver to Lessee (or to Lessee's ’s designee) at Lessee's ’s cost and expense an assignment (by deed or other appropriate instrument) of Lessor's ’s entire interest in such Property, in each case in recordable form and otherwise in conformity with local custom and free and clear of any Lessor Liens attributable to Lessor but without any other warranties (of title or otherwise) from Lessor. Such Property shall be conveyed to Lessee "AS-IS, "WHERE-IS" and in then present physical condition.

Appears in 1 contract

Samples: Lease Agreement (Healthsouth Corp)

Provisions Relating to Lessee's Exercise of its Purchase Option. Subject to Section 19.2, in connection with any termination of this Lease ------------ with respect to any Property pursuant to the terms of Section 16.2, or in ------------ connection with Lessee's exercise of its Purchase Option, upon the date on which this Lease is to terminate with respect to any Property, and upon tender by Lessee of the amounts set forth in Sections 16.2(b) or 20.2, as applicable, ---------------- ---- Lessor shall execute and deliver to Lessee (or to Lessee's designee) at Lessee's cost and expense an assignment (by deed or other appropriate instrument) of Lessor's entire interest in such Property, in each case in recordable form and otherwise in conformity with local custom and free and clear of any Lessor Liens attributable to Lessor but without any other warranties (of title or otherwise) from Lessor. Such Property shall be conveyed to Lessee "AS-IS, "WHERE-IS" and in then present physical condition.

Appears in 1 contract

Samples: Lease Agreement (Smart & Final Inc/De)

Provisions Relating to Lessee's Exercise of its Purchase Option. Subject to Section 19.2, in connection with any termination of this Lease with respect to any Property pursuant to the terms of Section 16.2, or in connection with Lessee's exercise of its Purchase Option, upon the date on which this Lease is to terminate with respect to any Property, and upon tender by Lessee of the amounts set forth in Sections 16.2(b) or 20.2, as applicable, Lessor shall execute and deliver to Lessee (or to Lessee's designee) at Lessee's cost and expense an assignment (by deed or other appropriate instrument) of Lessor's entire interest in such PropertyProperty (including Lessor's leasehold interests under any Head Lease), in each case in recordable form and otherwise in conformity with local custom and free and clear of any Lessor Liens attributable to Lessor but without any other warranties (of title or otherwise) from Lessor. Such Property (or leasehold interests under any Head Lease) shall be conveyed to Lessee "AS-IS, "WHERE-IS" and in then present physical condition.

Appears in 1 contract

Samples: Lease Agreement (Sterile Recoveries Inc)

Provisions Relating to Lessee's Exercise of its Purchase Option. Subject to Section 19.2, in connection with any termination of this Lease with respect to any Property pursuant to the terms of Section 16.2, or in connection with Lessee's exercise of its Purchase Option, upon the date on which this Lease is to terminate with respect to any Property, and upon tender by Lessee of the amounts set forth in Sections 16.2(b) or 20.2, as applicable, Lessor shall execute and deliver to Lessee (or to Lessee's designee) at Lessee's cost and expense an assignment (by deed or other appropriate instrument) of Lessor's entire interest in such Property, in each case in recordable form and otherwise in conformity with local custom and free and clear of any Lessor Liens attributable to Lessor but without any other warranties (of title or otherwise) from Lessor. Such Property shall be conveyed to Lessee "AS-IS, "WHERE-IS" and in then present physical condition.

Appears in 1 contract

Samples: Credit Agreement (Correctional Services Corp)

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