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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 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 Property, 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 Property, 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)

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

Appears in 1 contract

Samples: Lease Agreement (Human Genome Sciences Inc)

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

Appears in 1 contract

Samples: Master Lease Agreement (Jones Financial Companies Lp LLP)

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

Appears in 1 contract

Samples: Master Lease Agreement (Jones Financial Companies Lp LLP)