Tenant Repurchase Obligation Sample Clauses

Tenant Repurchase Obligation. In the event of an Event of Default arising from Tenant's failure to comply with Section 5.3 and during the pendency thereof, or if an Event of Default occurs and is continuing because the license of the Premises is revoked, suspended or materially limited for any of the uses included in the definition of Retirement Care Facilities, then in addition to Landlord's other rights and remedies under this Lease, Landlord shall have the right to put the Premises to Tenant. If Landlord exercises such right, Tenant shall purchase the Premises from Landlord for a cash price equal to the greater of the Adjusted Fair Market Value of the Premises or Landlord's Original Investment on the date of Landlord's notice of exercise. Such Adjusted Fair Market Value shall be as agreed between Landlord and Tenant. However, failing such agreement within ten (10) days of Landlord's notice of exercise under this Section, such Adjusted Fair Market Value shall be determined by the appraisal process set forth in Exhibit "C" attached hereto. Within ninety (90) days of Landlord's exercise of its put under this Section 5.4, such purchase shall be consummated utilizing an escrow at a national title company selected by Landlord. Such escrow shall be documented on such title company's standard sale escrow instructions without representations or warranties and without any due diligence or other contingencies in favor of the buyer. Tenant shall pay all costs of such sale transaction. At the close of such sale, Landlord shall deliver to Tenant title to the Premises subject only to those title exceptions shown on Exhibit "D" attached hereto.
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Tenant Repurchase Obligation. 13 5.5 No Liens; Permitted Contests.............................................14 5.6 Alterations by Tenant....................................................14 5.7 Capital Improvements Funded by Landlord..................................14
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Tenant Repurchase Obligation. 18 5.5 No Liens; Permitted Contests....................... 19 5.6
Sample 1
Tenant Repurchase Obligation. If Tenant fails to comply with Section 5.3 of this Lease, if any certification of any Facility comprising the Premises under Medicare or Medicaid (or any successor program) is ever granted and then later revoked, suspended or materially limited, or if any material license relating to the operation of any Facility comprising the Premises is revoked, suspended or materially limited, then in addition to Landlord's other rights and remedies under this Lease, Landlord shall have the right, thirty (30) days after providing to Tenant written notice an opportunity to cure, to put the applicable Facility to Tenant. If Landlord exercises such right, Tenant shall purchase the applicable Facility from Landlord for a cash price equal to the greater of (a) the portion of Landlord's Adjusted Investment allocable to such Facility as determined by Landlord in its reasonable discretion, or (b) the fair market value of the applicable Facility on the date of Landlord's notice of exercise, provided that, notwithstanding anything to the contrary contained in this Lease, for purposes of determining such fair market value under this Section 5.4 (whether by agreement or through appraisal) it shall be assumed that, as applicable, Section 5.3 of this Lease had not been breached, that such certification under Medicare or
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Tenant Repurchase Obligation. 17 5.5 No Liens; Permitted Contests . . . . . . . . . . . . . . . 18 5.6 Alterations by Tenant . . . . . . . . . . . . . . . . . . . 18 5.7 Capital Improvements Funded by Landlord . . . . . . . . . . 20 5.8
Sample 1
Tenant Repurchase Obligation. If Tenant fails to comply with Section 5.3, if the certification of the Premises under Medicare or MediCal (or any successor program) is revoked, suspended or materially limited, or if the hospital (or nursing home license, if any) of the Premises is revoked, suspended or materially limited, then in addition to Landlord's other rights and remedies under this Lease, Landlord shall have the right to put the Premises to Tenant. If Landlord exercises such right, Tenant shall purchase the Premises from Landlord for a cash price equal to the greater of Landlord's Original Investment ($4,350,000) as increased under Section 5.7 below, if applicable or the fair market value of the Premises on the date of Landlord's notice of exercise; provided, however, in no event shall the cash price exceed Landlord's Original Investment ($4,350,000) (as increased under Section 5.7 below, if applicable) increased by three percent (3%) per annum compounded annually. Such fair market value shall be as agreed between Landlord and Tenant. However, failing such agreement within ten (10) days of Landlord's notice of exercise under this Section, such fair market value shall be determined by the appraisal process set forth in Exhibit "D" attached hereto. Within ninety (90) days of Landlord's exercise of its put under this Section 5.4, such purchase shall be consummated utilizing an escrow at a national title company selected by Landlord. Such escrow shall be documented on such title company's standard sale escrow instructions without representations or warranties and without any due diligence or other contingencies in favor of the buyer.
Sample 1
Tenant Repurchase Obligation. [INTENTIONALLY DELETED]
Sample 1
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Tenant Repurchase Obligation. 25 5.5 No Liens; Permitted Contests........................... 26 5.6 Alterations by Tenant.................................. 27 5.7 Capital Improvements Funded by Landlord................ 28 5.8 Compliance With IRS Guidelines......................... 28 5.9 Skyway Improvements; Re-plotting....................... 29
Sample 1

Related to Tenant Repurchase Obligation

  • Repurchase Obligation At any time after the date hereof, the Partnership, the members of the Family Group of a Partner that becomes a Former Partner and the Family Holders that are not members of such Family Group shall collectively have the obligation (the “Repurchase Obligation”) to purchase from any Person who is then a Former Partner all of the Partnership Interests (the “Repurchase Interests”) directly or indirectly owned by such Former Partner immediately prior to the applicable Withdrawal Event, and such Former Partner shall be obligated to sell to the purchasing members of such Family Group, such Family Holders and/or the Partnership, as the case may be, all of such Person’s Repurchase Interests. In order to purchase Repurchase Interests pursuant to the Repurchase Obligation, such Family Group member or Family Holder must be an Authorized Transferee of the Former Partner. The Repurchase Obligation shall be effected as follows:

  • Purchase Obligation An obligation of the Company to repurchase Mortgage Loans under the circumstances and in the manner provided in Section 2.07 or Section 2.08.

  • Capital Lease Obligations With respect to any Person, the obligations of such Person to pay rent or other amounts under any Capitalized Lease.

  • Operating Lease Obligations On the Effective Date, none of the Loan Parties has any Operating Lease Obligations other than the Operating Lease Obligations set forth on Schedule 6.01(q).

  • Lease Obligations The Company shall not, and shall not suffer or permit any Subsidiary to, create or suffer to exist any obligations for the payment of rent for any property under lease or agreement to lease, except for:

  • Capitalized Lease Obligation 3 Commission................................................................ 4

  • Capitalized Lease Obligations Sale and Leaseback Transactions, export credit facilities with a maturity of at least one year and Purchase Money Indebtedness of, including Guarantees of any of the foregoing by, the Issuer and/or any Restricted Subsidiary, in an aggregate principal amount at any one time outstanding not to exceed U.S.$1 billion;

  • Permitted Purchase Money Debt Purchase Money Debt of Borrowers and Subsidiaries that is unsecured or secured only by a Purchase Money Lien, as long as the aggregate principal amount does not exceed $5,000,000 outstanding at any one time, so long as its incurrence does not violate Section 10.2.3.

  • Permitted Contingent Obligations Contingent Obligations (a) arising from endorsements of Payment Items for collection or deposit in the Ordinary Course of Business; (b) arising from Hedging Agreements permitted hereunder; (c) existing on the Closing Date, and any extension or renewal thereof that does not increase the amount of such Contingent Obligation when extended or renewed; (d) incurred in the Ordinary Course of Business with respect to surety, appeal or performance bonds, or other similar obligations; (e) arising from customary indemnification obligations in favor of purchasers in connection with dispositions of Equipment permitted hereunder; (f) arising under the Loan Documents; (g) guaranties of Permitted Debt; or (h) in an aggregate amount of $250,000 or less at any time.

  • Unconditional Purchase Obligations The Borrower shall not and shall not permit any Subsidiary to enter into or be a party to any contract for the purchase of materials, supplies or other property or services if such contract requires that payment be made by it regardless of whether delivery is ever made of such materials, supplies or other property or services.

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