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.
Appears in 4 contracts
Samples: Lease Agreement (Lam Research Corp), Lease Agreement (Lam Research Corp), Lease Agreement (Lam Research Corp)
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 - Special Land Value 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.
Appears in 2 contracts
Samples: Lease Agreement (Lam Research Corp), Lease Agreement (Lam Research Corp)
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 Purchase Amount automatically and without notice upon the occurrence of any Event of Default described in clauses clause (h) or (ie) of Article XVII and and, upon receipt of the Break Even Price Purchase Amount, the Leased Property shall be transferred to the Lessee (or its designee) pursuant to Section 23.11.Lessee
Appears in 1 contract
Samples: Lease Agreement (Big Lots Inc)
