Common use of Rejection of Sale Clause in Contracts

Rejection of Sale. Notwithstanding anything contained herein to the contrary, if the Lessor or the Agent rejects the purchase offer for the Property as provided in subparagraph (f) above, then (A) the Lessee shall pay to the Agent the Residual Guaranty Amount pursuant to clause (ix) of subparagraph (f), (B) the Lessor shall retain title to the 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 the Agent during the period ending on the first anniversary of the Expiration Date in connection with the marketing, sale, closing or transfer of the Property, which obligation shall survive the Expiration Date and the termination or expiration of this Lease.

Appears in 1 contract

Samples: Lease Agreement (Human Genome Sciences Inc)

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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 subparagraph (f) aboveSection 14.6, then (Aa) the ------------ Lessee shall pay to the Agent the Residual Guaranty Recourse Deficiency Amount pursuant to clause (ix) of subparagraph (fSection 14.6(i), (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 Expiration Lease Termination Date in connection with the marketing, sale, closing or transfer of the Leased Property, which obligation shall survive the Expiration 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 subparagraph (f) aboveSection 14.6, then (Aa) the ------------ Lessee shall pay to the Agent the Residual Guaranty Recourse Deficiency Amount pursuant to clause (ix) of subparagraph (fSection 14.6(i), (Bb) the Lessor shall retain title to its interest in 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 Expiration Lease Termination Date in connection with the marketing, sale, closing or transfer of the Leased Property, which obligation shall survive the Expiration Lease Termination Date and the termination or expiration of this Lease.

Appears in 1 contract

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

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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 subparagraph (f) aboveSection 14.6, then (Aa) the Lessee shall pay to the ------------ Agent the Residual Guaranty Recourse Deficiency Amount pursuant to clause (ix) of subparagraph (fSection 14.6(i), (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 Expiration Lease Termination Date in connection with the marketing, sale, closing or transfer of the Leased Property, which obligation shall survive the Expiration 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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