Termination of Base Lease and Lease; Purchase Price Sample Clauses

Termination of Base Lease and Lease; Purchase Price. If said notice of election to purchase is given, the Issuer and the Company shall terminate the Base Lease and this Lease and the Issuer shall release all of its interest in the Project to the Company on the Closing Date free and clear of all liens and encumbrances except:
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Termination of Base Lease and Lease; Purchase Price. If said notice of election to purchase is given, the Issuer shall terminate the Base Lease and this Lease and the Issuer shall release all of its interests in the Project to the Company on the Closing Date free and clear of all liens and encumbrances except (a) Permitted Encumbrances, (b) those to which title was subject on the date of this Lease, or to which title became subject with the Company’s written consent, or which resulted from any failure of the Company to perform any of its covenants or obligations under this Lease, (c) outstanding taxes and assessments, general and special, if any, which have been assessed but not yet paid and (d) the rights of any party having condemned or who is attempting to condemn title to, or the use for a limited period of, all or any part of the Project, for a price determined as follows (which the Company agrees to pay in immediately available funds at the time of delivery of the Issuer’s release or other instrument or instruments of transfer of the Project to the Company as hereinafter provided):
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Related to Termination of Base Lease and Lease; Purchase Price

  • Termination of Lease Landlord may terminate Tenant’s interest under the Lease, but no act by Landlord other than notice of termination from Landlord to Tenant shall terminate this Lease. The Lease shall terminate on the date specified in the notice of termination. Upon termination of this Lease, Tenant will remain liable to Landlord for damages in an amount equal to the rent and other sums that would have been owing by Tenant under this Lease for the balance of the Lease term, less the net proceeds, if any, of any re-letting of the Premises by Landlord subsequent to the termination, after deducting all of Landlord’s Reletting Expenses (as defined below). Landlord shall be entitled to either collect damages from Tenant monthly on the days on which rent or other amounts would have been payable under the Lease, or alternatively, Landlord may accelerate Tenant’s obligations under the Lease and recover from Tenant: (i) unpaid rent which had been earned at the time of termination; (ii) the amount by which the unpaid rent which would have been earned after termination until the time of award exceeds the amount of rent loss that Tenant proves could reasonably have been avoided; (iii) the amount by which the unpaid rent for the balance of the term of the Lease after the time of award exceeds the amount of rent loss that Tenant proves could reasonably be avoided (discounting such amount by the discount rate of the Federal Reserve Bank of San Francisco at the time of the award, plus 1%); and (iv) any other amount necessary to compensate Landlord for all the detriment proximately caused by Tenant’s failure to perform its obligations under the Lease, or which in the ordinary course would be likely to result from the Event of Default, including without limitation Reletting Expenses described below.

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