Common use of Quality of Title - Purchase Price Clause in Contracts

Quality of Title - Purchase Price. If said notice of election to purchase is given as provided in Section 17.6 Issuer shall convey the real property described in Tenant's notice to Tenant on the specified date free and clear of all liens and encumbrances except (I) Permitted Encumbrances, (ii) those to which the title was subject on the date of conveyance to Issuer of the Land, or to which title became subject with Tenants written consent, or which resulted from any failure of Tenant to perform any of its covenants or obligations under this Lease, (iii) taxes and assessments, general and special, if any, and (iv) the interests of any party having condemned or who is attempting to condemn title to, or the use for a limited period of, all or any part of the real property described in Tenant's notice. The xxxxxxse price shall be an amount equal to the then current fair market value thereof, as determined with reference to the independent appraiser's report furnished to the Trustee or the original cost to Collins Industries, Xxx., xhichever is less.

Quality of Title - Purchase Price. If said notice of election to purchase is given as provided in Section 17.6 Issuer shall sell and convey the real property described in Tenant's ’s aforesaid notice to Tenant on the specified date free and clear of all liens and encumbrances whatsoever except (I) Permitted Encumbrances, (iii) those to which the title was subject on the date of conveyance to Issuer commencement of the Landterm of this Lease, or to which title became subject with Tenants Tenant’s written consent, or which resulted from any failure of Tenant to perform any of its covenants agreements or obligations under this Lease, (iiiii) taxes and assessments, general and or special, if any, and (iviii) the interests rights, titles and interest of any party having condemned or who is attempting to condemn title to, or the use for a limited period of, all or any part of the real property described in Tenant's ’s aforesaid notice. The xxxxxxse purchase price shall be an amount equal to the then current fair market value thereof, as determined with reference to the independent appraiser's ’s report furnished to the Trustee or the original cost to Collins Industries, XxxTrustee., xhichever is less.

Quality of Title - Purchase Price. If said notice of election to purchase is given as provided in Section section 17.6 Issuer shall sell and convey the real property described in Tenant's aforesaid notice to Tenant on the specified date free and clear of all liens and encumbrances whatsoever except (I) Permitted Encumbrances, (iii) those to which the title was subject on the date of conveyance to Issuer commencement of the Landterm of this Lease, or to which title became subject with Tenants Tenant's written consent, or which resulted from any failure of Tenant to perform any of its covenants agreements or obligations under this Lease, (iiiii) taxes and assessments, general and or special, if any, and (iviii) the rights, titles and interests of any party having condemned or who is attempting to condemn title to, or the use for a limited period of, all or any part of the real property described in Tenant's aforesaid notice. The xxxxxxse purchase price shall be an amount equal to the then current fair market value thereof, as determined with reference to the independent appraiser's report furnished to the Trustee or the original cost to Collins Industries, XxxTrustee., xhichever is less.

Quality of Title - Purchase Price. If said notice of election to purchase is given as provided in Section 17.6 17.6, Issuer shall sell and convey the real property described in TenantCorporation's aforesaid notice to Tenant Corporation on the specified date free and clear of all liens and encumbrances whatsoever except (I) Permitted Encumbrances, (iii) those to which the title was subject on the date of conveyance to Issuer commencement of the Landterm of this Lease, or to which title became subject with Tenants Corporation's written consent, or which resulted from any failure of Tenant Corporation to perform any of its covenants agreements or obligations under this Lease, (iiiii) taxes and assessments, general and or special, if any, and (iviii) the rights, titles and interests of any party having condemned or who is attempting to condemn title to, or the use for a limited period of, all or any part of the real property described in TenantCorporation's aforesaid notice. The xxxxxxse purchase price shall be an amount equal to the then current fair market value thereof, as determined with reference to the independent appraiser's report furnished to the Trustee or the original cost to Collins Industries, XxxTrustee., xhichever is less.