Common use of Special Purchase Provisions Clause in Contracts

Special Purchase Provisions. It is the intention of this --------------------------- Section 16.12 to set forth specific provisions that, in limited circumstances, ------------- for a limited number of times and only in connection with the occurrence of Events of Default under Section 16.1(m) and/or Section 16.1(q) of this Lease, --------------- --------------- allow Tenant a non-renewing right to purchase a Leased Property(ies) and thereby to reduce the number of Leased Properties as to which Section 16.1(m) and/or --------------- Section 16.1(q) Events of Default continue to exist to below the applicable --------------- Section 16.10.1 Number, and, by doing so strictly on the terms and conditions provided in this Section 16.12, thereby to avoid the exercise by Lessor of ------------- termination and/or dispossession rights and remedies against all Leased Properties covered hereby on account of such Section 16.1(m) and/or Section --------------- ------- 16.1(q) Event(s)

Appears in 4 contracts

Samples: Master Lease Agreement (Kindred Healthcare Inc), Master Lease Agreement (Ventas Inc), Master Lease Agreement (Kindred Healthcare Inc)

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Special Purchase Provisions. It is the intention of --------------------------- this --------------------------- Section 16.12 to set forth specific provisions that, in limited ------------- circumstances, ------------- for a limited number of times and only in connection with the occurrence of Events of Default under Section 16.1(m) and/or Section 16.1(q) of --------------- --------------- this Lease, --------------- --------------- allow Tenant a non-renewing right to purchase a Leased Property(ies) and thereby to reduce the number of Leased Properties as to which Section ------- 16.1(m) and/or --------------- Section 16.1(q) Events of Default continue to exist to below the ------- --------------- applicable --------------- Section 16.10.1 Number, and, by doing so strictly on the terms and conditions provided in this Section 16.12, thereby to avoid the exercise by ------------- Lessor of ------------- termination and/or dispossession rights and remedies against all Leased Properties covered hereby on account of such Section 16.1(m) and/or --------------- Section --------------- ------- 16.1(q) Event(s)) of Default. Tenant's purchase rights as set forth in --------------- this Section 16.12 are not applicable to any other Events of Default or in any ------------- other circumstances and are strictly limited in number and non-renewing.

Appears in 1 contract

Samples: Master Lease Agreement (Kindred Healthcare Inc)

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