Remarketing Option. Subject to the fulfillment of each of the conditions set forth in this Section 18.3 and in Section 18.4 hereof (all of such conditions, collectively, the "Return Conditions"), the Lessee may elect to remarket the Property (such election being referred to as the "Remarketing Option"). The effective exercise and consummation of the Remarketing Option by the Lessee shall be subject to the due and timely fulfillment of each of the following provisions as of the dates set forth below.
(a) Not later than three hundred and sixty-four (364) days prior to the Maturity Date, the Lessee shall have given to the Lessor and the other Lessor Parties written notice (a "Remarketing Notice") of the Lessee's exercise of the Remarketing Option, which exercise shall be irrevocable.
(b) On the date of the Lessee's notice to the Lessor of the Lessee's exercise of the Remarketing Option, no Lease Event of Default or Lease Default under this Master Lease or Acceleration Event or Unmatured Acceleration Event shall exist, and thereafter, no Lease Event of Default or Lease Default under this Master Lease or Acceleration Event or Unmatured Acceleration Event shall occur.
(c) Not later than sixty (60) days prior to the Lease Termination Date, the Lessee shall deliver to the Lessor and the other Lessor Parties (x) an Environmental Audit for the Master Lease Property and (y) an ALTA Survey with respect to the Property. Each Environmental Audit described in this clause (c) shall be prepared by an environmental consultant selected by the Agent in the Agent's reasonable discretion and shall contain conclusions reasonably satisfactory to the Agent as to the environmental status of the Property. If any such Environmental Audit indicates any exceptions, the Lessee shall have also delivered prior to the Lease Termination Date a Phase Two environmental assessment by such environmental consultant and a written statement by such environmental consultant indicating that all such exceptions have been remedied in compliance with Applicable Law. Each ALTA Survey delivered pursuant to this clause(c) shall be reasonably satisfactory to the Agent.
(d) The Lessee shall have completed all Modifications, restoration and rebuilding of the Property required pursuant to Sections 10.2 and 14.2 hereof (as the case may be) and shall have fulfilled all of the conditions and requirements in connection therewith pursuant to such Sections, in each case prior to the date on which the Lessee delivers its Remarketing No...
Remarketing Option. 25 Section 20.1. Option to Remarket....................................................................... 25 Section 20.2. Procedures During Remarketing............................................................ 26
Remarketing Option. Option to Remarket.................................................................................28 20.2
Remarketing Option. (i) For as long as the Initial Holder is Holder of 100 per cent. of the CCNs, the Initial Holder may, at any time, increase the Rate of Interest on the CCNs (such increased rate, the “New Interest Rate”) as determined by an independent investment bank appointed by the Initial Holder (the “Remarketing Agent”) but with effect only from the date that the CCNs are sold by the Initial Holder to any other person other than any State Entity (a “Third Party Sale”).
(ii) For the purposes of this Condition 3(g), the New Interest Rate will not exceed 18.00 per cent. per annum.
(iii) The Initial Holder will provide at least 15 Business Days notice in writing to the Issuer of any proposed Third Party Sale or such longer period as may be approved in writing by the Initial Holder. During such period, the Issuer may solicit other third party investors, at a potentially lower interest rate than the rate described in Condition 3(g)(ii), to whom the entire principal amount of the CCNs may be sold at an equivalent or higher price than the Initial Holder would receive for any proposed Third Party Sale.
(iv) Notwithstanding any other provision of these Conditions or the Agency Deed to the contrary, the Initial Holder shall have absolute discretion as to whether to sell the CCNs, to whom it may sell the CCNs and the terms of any such sale.
(v) The Issuer shall, if required by the Initial Holder: (a) disclose to the Initial Holder the identity of any third party investors solicited or to be solicited by the Issuer pursuant to Condition 3(g)(iii) and (b) provide and/or disclose all such information necessary, as determined by the Initial Holder in its absolute discretion, to facilitate the effecting of a Third Party Sale.
Remarketing Option. 14.1. Intalco may give notice to Powerex to remarket all or a portion of the Delivered Quantity due to reduction in Intalco's load. Such notice shall specify the duration and the quantity of power to be remarketed. The quantity of power to be remarketed shall be remarketed at 100% load factor for the specified duration.
Remarketing Option of the Lease is hereby deleted in its entirety. Any reference in the Operative Documents to the Remarketing Option shall be of no force or effect. Xxxx Furniture hereby unconditionally agrees that it shall be obligated to exercise the Purchase Option pursuant to Section 14.1 of the Lease on the Lease Termination Date. The definition of "Recourse Deficiency Amount" set forth in Appendix A is hereby deleted in its entirety.
Remarketing Option. If any Initial Holder serves notice in writing on the Issuer under Condition 3(g)(iii) of any proposed Third Party Sale, the Minister will on the date of such service notify the Investors in writing of such service.
Remarketing Option. Lessee shall not have given written notice to Lessor of Lessee's exercise of any Site Remarketing Option with respect to a Site pursuant to Section 22.1 of the Lease or, on or after the fifth anniversary of the Document Closing Date, an Equipment Remarketing Option with respect to an Equipment Pool pursuant to Section 22.2 of the Lease.
Remarketing Option. Lessee shall not have given written notice to Lessor of Lessee's exercise of a Remarketing Option pursuant to Article XXII of the Lease.
Remarketing Option. SECTION 20.1.
