Relative Position of Options and Indenture. The options respectively granted to the Lessee in this Article shall be and remain prior and superior to the Indenture and may be exercised whether or not the Lessee is in default hereunder, provided that such default will not result in the nonfulfillment of any condition to the exercise of any such option.
Appears in 3 contracts
Samples: Lease Agreement (Adesa California, LLC), Lease Agreement (Adesa Inc), Lease Agreement (Allete Inc)
Relative Position of Options and Indenture. The options respectively granted to the Lessee in this Article shall be and remain prior and superior to the Indenture and may be exercised whether or not the Lessee is in default hereunder, provided that such default will not result in the nonfulfillment of any condition to the exercise of any such option.
Appears in 2 contracts
Samples: Lease Agreement, Ground Lease Agreement (Wells Real Estate Investment Trust Inc)
Relative Position of Options and Indenture. The options respectively granted to the Lessee in this Article shall be and remain prior and superior to the Indenture and may be exercised whether or not the Lessee is in default hereunder, provided that such default will not result in the nonfulfillment non-fulfillment of any condition to the exercise of any such option.
Appears in 1 contract
Samples: Lease Agreement (Bluerock Residential Growth REIT, Inc.)
Relative Position of Options and Indenture. The options respectively Options granted to the Lessee in this Article XI, shall be and remain prior and superior to the Indenture and may be exercised whether or not the Lessee is in default hereunder, provided that such default will not result in the nonfulfillment non-fulfillment of any condition to the exercise of any such option.
Appears in 1 contract
