Common use of Rejection of Sale Clause in Contracts

Rejection of Sale. Notwithstanding anything contained herein to the contrary, if Lessor or the Agent rejects the purchase offer for the Leased Properties as provided in Section 14.6, then (a) Lessee shall pay to the Agent the Recourse Deficiency Amount pursuant to Section 14.6(i), (b) Lessor shall retain title to the Leased Properties, and (c) in addition to Lessee's other obligations hereunder, Lessee will reimburse Lessor and the Agent, within ten (10) Business Days after written request, for all reasonable costs and expenses incurred by Lessor or Agent during the period ending on the first anniversary of the Lease Termination Date in connection with the marketing, sale, closing or transfer of the Leased Properties, which obligation shall survive the Lease Termination Date and the termination or expiration of this Lease.

Appears in 1 contract

Samples: Master Agreement (Ruby Tuesday Inc)

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Rejection of Sale. Notwithstanding anything contained herein to the contrary, if Lessor or the Agent rejects the purchase offer for the Leased Properties Property as provided in Section SECTION 14.6, then (a) Lessee shall pay to the Agent the Recourse Deficiency Amount pursuant to Section 14.6(iSECTION 14.6(I), (b) Lessor shall retain title to the Leased PropertiesProperty, and (c) in addition to Lessee's other obligations hereunder, Lessee will reimburse Lessor and the Agent, within ten (10) Business Days after written request, for all reasonable costs and expenses incurred by Lessor or Agent during the period ending on the first anniversary of the Lease Termination Date in connection with the marketing, sale, closing or transfer of the Leased PropertiesProperty, which obligation shall survive the Lease Termination Date and the termination or expiration of this Lease.

Appears in 1 contract

Samples: Lease Agreement (Supreme International Corp)

Rejection of Sale. Notwithstanding anything contained herein to the contrary, if Lessor or the Agent rejects the purchase offer for the Leased Properties Property as provided in Section 14.6, then (a) Lessee shall pay to the Agent the Recourse Deficiency Amount pursuant to Section 14.6(i), (b) Lessor shall retain title to the Leased PropertiesProperty, and (c) in addition to Lessee's other obligations hereunder, Lessee will reimburse Lessor and the Agent, within ten (10) Business Days after written request, for all reasonable costs and expenses incurred by Lessor or Agent during the period ending on the first anniversary of the Lease Termination Date in connection with the marketing, sale, closing or transfer of the Leased PropertiesProperty, which obligation shall survive the Lease Termination Date and the termination or expiration of this Lease.

Appears in 1 contract

Samples: Lease Agreement (Richfood Holdings Inc)

Rejection of Sale. Notwithstanding anything contained herein ----------------- to the contrary, if Lessor or the Agent rejects the purchase offer for the Leased Properties Property as provided in Section 14.6, then (a) Lessee shall pay to the ------------ Agent the Recourse Deficiency Amount pursuant to Section 14.6(i), (b) Lessor --------------- shall retain title to the Leased PropertiesProperty, and (c) in addition to Lessee's other obligations hereunder, Lessee will reimburse Lessor and the Agent, within ten (10) Business Days after written request, for all reasonable costs and expenses incurred by Lessor or Agent during the period ending on the first anniversary of the Lease Termination Date in connection with the marketing, sale, closing or transfer of the Leased PropertiesProperty, which obligation shall survive the Lease Termination Date and the termination or expiration of this Lease.

Appears in 1 contract

Samples: Master Agreement (Sterling Commerce Inc)

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Rejection of Sale. Notwithstanding anything contained herein to the contrary, if Lessor or the Agent rejects the purchase offer for the Leased Properties Property as provided in Section SECTION 14.6, then (a) Lessee shall pay to the Agent the Recourse Deficiency Amount pursuant to Section 14.6(iSECTION 14.6(I), (b) Lessor shall retain title to the Leased PropertiesProperty, and (c) in addition to Lessee's other obligations hereunder, Lessee will reimburse Lessor and the Agent, within ten (10) Business Days ds after written request, for all reasonable costs and expenses incurred by Lessor or Agent during the period ending on the first anniversary of the Lease Termination Date in connection with the marketing, sale, closing or transfer of the Leased PropertiesProperty, which obligation shall survive the Lease Termination Date and the termination or expiration of this Lease.

Appears in 1 contract

Samples: Lease Agreement (Supreme International Corp)

Rejection of Sale. Notwithstanding anything contained herein to the contrary, if Lessor or the Agent rejects the purchase offer for the Leased Properties as provided in Section 14.6, then (a) Lessee shall pay to the Agent the Recourse Deficiency Amount pursuant to Section 14.6(i), (b) Lessor shall retain title to the Leased Properties, and (c) in addition to Lessee's other obligations hereunder, Lessee will reimburse Lessor and the Agent, within ten (10) Business Days after written request, for all reasonable costs and expenses incurred by Lessor or Agent during the period ending on the first anniversary of the Lease Termination Date in connection with the marketing, sale, closing or transfer of the Leased Properties, which obligation shall survive the Lease Termination Date and the termination or expiration of this Lease.. Section XIV.8

Appears in 1 contract

Samples: Master Agreement (Ruby Tuesday Inc)

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