Common use of Third Party Bids and Credit Bids Clause in Contracts

Third Party Bids and Credit Bids. At any Foreclosure Sale, any Person, including any Lessor Party, may bid for and acquire the Facility 3 Property or any part of it to the extent permitted by then applicable Governmental Rules. Instead of paying cash for the Facility 3 Property, Lessor (and no other Lessor Party) may settle for the purchase price by crediting the sales price of the Facility 3 Property against the Lessee Obligations in any order and proportions as Lessor in its sole discretion may choose.

Appears in 1 contract

Samples: Participation Agreement (Novellus Systems Inc)

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Third Party Bids and Credit Bids. At any Foreclosure Sale, any Person, including any Lessor Party, may bid for and acquire the Facility 3 Property or any part of it to the extent permitted by then applicable Governmental Rules. Instead of paying cash for the Facility 3 Property, Lessor (and no other Lessor Party) may settle for the purchase price by crediting the sales price of the Facility 3 Property against the Lessee Obligations in any order and proportions as Lessor in its sole discretion may choose.

Appears in 1 contract

Samples: Participation Agreement (Novellus Systems Inc)

Third Party Bids and Credit Bids. At any Foreclosure Sale, any Person, including any Lessor Party, may bid for and acquire the Facility 3 1 Property or any part of it to the extent permitted by then applicable Governmental Rules. Instead of paying cash for the Facility 3 1 Property, Lessor (and no other Lessor Party) may settle for the purchase price by crediting the sales price of the Facility 3 1 Property against the Lessee Obligations in any order and proportions as Lessor in its sole discretion may choose.

Appears in 1 contract

Samples: Participation Agreement (Novellus Systems Inc)

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Third Party Bids and Credit Bids. At any Foreclosure Sale, any Person, including any Lessor Party, may bid for and acquire the Facility 3 2 Property or any part of it to the extent permitted by then applicable Governmental Rules. Instead of paying cash for the Facility 3 2 Property, Lessor (and no other Lessor Party) may settle for the purchase price by crediting the sales price of the Facility 3 2 Property against the Lessee Obligations in any order and proportions as Lessor in its sole discretion may choose.

Appears in 1 contract

Samples: Participation Agreement (Novellus Systems Inc)

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