Common use of Suspension of Rent and Other Payments Clause in Contracts

Suspension of Rent and Other Payments. In the event the Ground Lessee is entitled by the terms of the Facility Lease to exercise remedies as a result of a Lease Event of Default and any amounts remain unpaid to the Ground Lessee under the Facility Lease or any other Operative Document as a result of such Lease Event of Default, payment of any amounts owed to the Ground Lessor by the Ground Lessee under this Facility Site Lease, including without limitation, payments of rent and other amounts pursuant to Section 3.1 or 3.2 hereof, may, in the sole discretion of the Ground Lessee, be suspended until such time as all amounts due and owing to the Ground Lessee from the Ground Lessor under the Operative Documents have been paid in full.

Appears in 2 contracts

Samples: Lease and Easement Agreement (Mirant Mid Atlantic LLC), Lease and Easement Agreement (Mirant Mid Atlantic LLC)

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Suspension of Rent and Other Payments. In the event the Ground Lessee as Lessor under the Facility Lease is entitled by the terms of the Facility Lease to exercise remedies as a result of a Lease Event of Default and any amounts remain unpaid to the Ground Lessee under the Facility Lease or any other Operative Document as a result of such Lease Event of Default, payment payments of any amounts owed to the Ground Lessor by the Ground Lessee under this Facility Site Lease, including including, without limitation, payments of rent and other amounts pursuant to Section 3.1 or 3.2 hereof, may, in the sole discretion of the Ground Lessee, be suspended until such time as all amounts due and owing by the Ground Lessor to the Ground Lessee from the Ground Lessor under the Operative Documents shall have been paid in full.

Appears in 2 contracts

Samples: Site Lease Agreement (Dynegy Danskammer LLC), Participation Agreement (Dynegy Danskammer LLC)

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Suspension of Rent and Other Payments. In the event the Ground Lessee as Lessor under the Facility Lease is entitled by the terms of the Facility Lease to exercise remedies as a result of a Lease Event of Default and any amounts remain unpaid to the Ground Lessee under the Facility Lease or any other Operative Document as a result of such Lease Event of Default, payment of any amounts owed to the Ground Lessor by the Ground Lessee under this Facility Site LeaseLease and Sublease, including without limitation, payments of rent and other amounts pursuant to Section 3.1 or 3.2 hereof, may, in the sole discretion of the Ground Lessee, be suspended until such time as all amounts due and owing to the Ground Lessee from the Ground Lessor under the Operative Documents shall have been paid in full.

Appears in 2 contracts

Samples: Lease and Sublease Agreement (PPL Montana LLC), Site Lease and Sublease Agreement (PPL Montana LLC)

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