Common use of Remedies for Failed Remarketing Clause in Contracts

Remedies for Failed Remarketing. If the Lessee effectively elects the Remarketing Option with respect to any Property and each of the conditions and requirements in Sections 20.1 and 20.2 shall have been satisfied, but nevertheless the Lessee is unable to obtain bids satisfactory to the Lessor, and the sale of a Property is not consummated prior to the end of the Marketing Period, the Lessor shall by written notice to the Lessee choose one or both of the following remedies (which election may be changed at any time):

Appears in 2 contracts

Samples: Master Lease And (Lam Research Corp), Master Lease And (Lam Research Corp)

AutoNDA by SimpleDocs

Remedies for Failed Remarketing. If the Lessee effectively elects the Remarketing Option with respect to any Property and each of the conditions and requirements in Sections 20.1 and 20.2 shall have been satisfied, but nevertheless the Lessee is unable to obtain bids satisfactory to the LessorCertificate Holders, and the sale of a Property the Properties is not consummated prior to the end of the Marketing Period, the Lessor Agent Certificate Holder shall by written notice to the Lessee choose one or both of the following remedies (which election may be changed at any time):

Appears in 2 contracts

Samples: Participation Agreement (Mondavi Robert Corp), Construction Agency Agreement (Mondavi Robert Corp)

Remedies for Failed Remarketing. If the Lessee effectively elects the Remarketing Option with respect to any Property and each of the conditions and requirements in Sections 20.1 and 20.2 shall have been satisfied, but nevertheless the Lessee is unable to obtain bids reasonably satisfactory to the LessorLessors, and the sale of a the Property is not consummated prior to the end of the Marketing Period, the Agent Lessor shall by written notice to the Lessee choose one or both of the following remedies (which election may be changed at any time):remedies:

Appears in 1 contract

Samples: Trust and Security Agreement (Alumax Inc)

AutoNDA by SimpleDocs

Remedies for Failed Remarketing. If the Lessee effectively elects the Remarketing Option with respect to any Property and each of the conditions and requirements in Sections 20.1 and 20.2 shall have been satisfied, but nevertheless the Lessee is unable to obtain bids satisfactory to the Lessor, and the sale of a Property the Properties is not consummated prior to the end of the Marketing Period, the Lessor shall by written notice to the Lessee choose one or both of the following remedies (which election may be changed at any time):

Appears in 1 contract

Samples: Master Lease (Tandem Health Care, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.