Required Purchase. So long as the Lessor has not exercised any other remedy inconsistent therewith, the Lessee shall be obligated to purchase the Leased Property for the Break Even Price automatically and without notice upon the occurrence of any Event of Default described in clauses (h) or (i) of Article XVII and upon receipt of the Break Even Price the Leased Property shall be transferred to the Lessee (or its designee) pursuant to Section 23.11.
Required Purchase. So long as Agent or Lessor has not exercised any other remedy inconsistent therewith, Lessee shall be obligated to purchase all of the Items of Equipment for the Purchase Amount automatically and without notice upon the occurrence of any Lease Event of Default described in clause (e)(vi) or (f) of Section 12.1 and, within five (5) Business Days after notice from Agent or Lessor, upon the occurrence of any other Lease Event of Default, and upon receipt of the Purchase Amount, the Items of Equipment shall be transferred to Lessee as set forth in the last sentence of the first paragraph of Section 14.1(a).
Required Purchase. If, in the Lessor’s sole judgment, any item of Equipment is damaged or does not meet the standards set forth above, or if Lessee fails to discharge its obligations set forth above with regard to any item of Equipment, Lessee shall pay to Lessor, immediately upon demand, at Lessor’s election, (a) the amount which Lessor determines will be necessary to return the Equipment to its required condition and/or to replace missing, damaged or non- performing items or equipment, or (b) Payments due and to become due under the terms of the Lease, Taxes, fees and charges due and to become due under the terms of the Lease, plus the residual value as indicated in Lessor’s books and records associated with such item of Equipment.
Required Purchase. In the event Director ceases to act as a director for any reason, any Options which have not vested are automatically terminated, My Option shares which have vested may be purchased through exercise of the Option by Director according to the terms at the 1994 Plan. Option Shares which have not vested shall riot be considered to be 'Options' until they are vested for purposes of the 1994 Plan
Required Purchase. On or after the Base Term Commencement Date and so long as the Lessor has not exercised any other remedy inconsistent therewith, the Lessee shall be obligated to purchase the Leased Property for the Purchase Amount automatically and without notice upon the occurrence of any Event of Default described in clauses (h) or (i) of Article XVII and upon receipt of the Purchase Amount the Leased Property shall be transferred to the Lessee (or its designee) pursuant to Section 23.11 whereupon this Lease shall terminate except for such provisions which expressly survive such a termination.
Required Purchase. Provided that Lessor has not exercised any other remedy inconsistent therewith, Lessee shall be obligated to purchase Lessor's interest in the Premises for the Purchase Amount
(a) automatically and without notice upon the occurrence of any Lease Event of Default arising as a result of an Insolvency Event, (b) immediately upon written demand of Lessor upon the occurrence of any other Lease Event of Default.
Required Purchase. Lessee shall be obligated to purchase for the Purchase Amount all of Lessor's interest in the Leased Property (a) automatically and without notice upon the occurrence of any Lease Event of Default specified in clauses(h) or (i) of Article XVI, or (b) immediately upon written demand of Lessor upon the occurrence of any other Lease Event of Default pursuant to and for the amount described in Section 17.1(d).
Required Purchase. 26 ARTICLE XX
Required Purchase. So long as the Lessor has not exercised any other remedy inconsistent therewith, the Lessee shall be obligated to purchase the Leased Property for the Purchase Amount automatically and without notice upon the occurrence of any Event of Default described in clause (e) of Article XVII and, upon receipt of the Purchase Amount, the Leased Property shall be transferred to the Lessee BUSINESS.29631318.9 (or its designee) pursuant to Section 23.11 whereupon this Lease shall terminate except for such provisions which expressly survive such a termination.
Required Purchase. So long as Lessor has not exercised any other remedy inconsistent therewith, Lessee shall be obligated to purchase all of the Items of Equipment for the Purchase Amount automatically and without notice upon the occurrence of any Lease Event of Default described in clause (e)(vi) or (f) of Section 9.1 and, within five (5) Business Days after notice from Lessor, upon the occurrence of any other Lease Event of Default, and upon receipt of the Purchase Amount, the Items of Equipment shall be transferred to Lessee pursuant Section 11.1.