Common use of Rights and Obligations of the Company upon Prepayment of Loan Clause in Contracts

Rights and Obligations of the Company upon Prepayment of Loan. In the event any Loan shall have been paid in full prior to the termination date specified in Section 5.2(b) hereof (i) all references in this Lease Agreement to such Lender, such Note and such Mortgage applicable to such Loan shall be ineffective, and (ii) the Company shall be entitled, at its option, to the exclusive use, occupancy and enjoyment of the Facility from the date of such payment until the scheduled expiration of the Lease Term, on all of the terms and conditions hereof, except that the Company shall not be required to carry any insurance for the benefit of any such Lender, or the Company may, at its option, terminate this Lease Agreement in accordance with Article XI hereof and require the Agency to convey the Facility to the Company pursuant to the terms of Section 11.3 hereof. In the event of any such payment or the making of any such provision, the Agency, at the sole cost of the Company, shall obtain and cause to be recorded or filed appropriate discharges or releases of the applicable Mortgage and any other security interest relating to the Facility or this Lease Agreement.

Rights and Obligations of the Company upon Prepayment of Loan. In the event any Loan shall have been paid in full prior to the termination date specified in Section 5.2(b4.2(b) hereof (i) all references in this Lease Agreement to such Lender, such Note and such Mortgage applicable to such Loan shall be ineffective, and (ii) the Company shall be entitled, at its option, to the exclusive use, occupancy and enjoyment of the Facility from the date of such payment until the scheduled expiration of the Lease Term, on all of the terms and conditions hereof, except that the Company shall not be required to carry any insurance for the benefit of any such Lender, or the Company may, at its option, terminate this Lease Agreement in accordance with Article XI hereof and require the Agency to convey the Facility to the Company pursuant to the terms of Section 11.3 hereof. In the event of any such payment or the making of any such provision, the Agency, at the sole cost of the Company, shall obtain and cause to be recorded record or filed file appropriate discharges or releases of the applicable Mortgage and any other security interest relating to the Facility or this Lease Agreement. Nothing contained in this Section shall be deemed to prohibit the Company from obtaining future financing after the payment in full of a then-existing Loan.

Rights and Obligations of the Company upon Prepayment of Loan. In the event any the Loan shall have been paid in full prior to the termination date specified in Section 5.2(b) hereof (i) all references in this Lease Agreement to such Lenderthe Mortgagee, such the Loan Agreement, the Note and such the Mortgage applicable to such Loan shall be ineffective, ineffective and (ii) the Company shall be entitled, at its option, to the exclusive use, occupancy and enjoyment of the Facility from the date of such payment until the scheduled expiration of the Lease Term, on all of the terms and conditions hereof, except that the Company shall not be required to carry any insurance for the benefit of any such Lenderthe Mortgagee, or the Company may, at its option, terminate this Lease Agreement in accordance with Article XI hereof and require the Agency to convey the Facility to the Company pursuant to the terms of Section 11.3 1l.3 hereof. In in the event of any such payment or the making of any such provision, the Agency, at the sole cost of the Company, shall obtain and cause to be recorded record or filed file appropriate discharges or releases of the applicable Mortgage and any other security interest relating to the Facility or this Lease Agreement.

Rights and Obligations of the Company upon Prepayment of Loan. In the event any Loan shall have been paid in full prior to the termination date specified in Section 5.2(b) hereof (i) all references in this Lease Agreement to such Lender, such Note and such Mortgage applicable to such Loan shall be ineffective, and (ii) the Company shall be entitled, at its option, to the exclusive use, occupancy and enjoyment of the Company Facility from the date of such payment until the scheduled expiration of the Lease Term, on all of the terms and conditions hereof, except that the Company shall not be required to carry any insurance for the benefit of any such Lender, or the Company may, at its option, terminate this Lease Agreement in accordance with Article XI hereof and require the Agency to convey the Company Facility to the Company pursuant to the terms of Section 11.3 hereof. In the event of any such payment or the making of any such provision, the Agency, at the sole cost of the Company, shall obtain and cause to be recorded record or filed file appropriate discharges or releases of the applicable Mortgage and any other security interest relating to the Company Facility or this Lease Agreement.