Third Party Sale Option. (a) Provided, that (i) no Default or Event of Default shall have occurred and be continuing and (ii) the Election Notice has been appropriately given specifying the Sale Option, Lessee shall undertake to cause a sale of the Properties on the Expiration Date (all as specified in the Election Notice) in accordance with the provisions of Section 22.1 hereof.
Appears in 9 contracts
Samples: Lease Agreement (Acxiom Corp), Lease Agreement (Lexicon Genetics Inc/Tx), Credit Agreement (Correctional Services Corp)
Third Party Sale Option. (a) Provided, that (i) no Default or Event of Default shall have occurred and be continuing and (ii) the Election Notice has been appropriately given specifying the Sale Option, Lessee shall undertake to cause a sale of the Properties on the Expiration applicable Election Date (all as specified in the Election Notice) ), in accordance with the provisions of Section 22.1 hereof. Such Election Date on which a sale is required may be hereafter referred to as the "Sale Date".
Appears in 6 contracts
Samples: Lease Agreement (Rf Micro Devices Inc), Lease Agreement (Pep Boys Manny Moe & Jack), Lease Agreement (Pep Boys Manny Moe & Jack)
Third Party Sale Option. (a) Provided, that (i) Provided no Default or Event of Default shall have occurred and be continuing and (ii) provided that the Election Notice has been appropriately given specifying the Sale Option, Lessee shall undertake to cause a sale of the Properties on the Expiration Date (all as specified in the Election Notice) in accordance with the provisions of Section 22.1 hereof.
Appears in 3 contracts
Samples: Operative Agreements (Capital One Financial Corp), Lease Agreement (Capital One Financial Corp), Lease Agreement (Capital One Financial Corp)
Third Party Sale Option. (a) Provided, that (i) no Default or Event of Default shall have occurred and be continuing and (ii) the Election Notice has been appropriately given specifying the Sale Option, Lessee shall undertake to cause a sale of the Properties Property on the Expiration Date (all as specified in the Election Notice) in accordance with the provisions of Section 22.1 hereof.
Appears in 2 contracts
Samples: Lease Agreement (Convergys Corp), Lease Agreement (Convergys Corp)
Third Party Sale Option. (a) Provided, that (i) no Default or Event of Default shall have occurred and be continuing and (ii) the Election Notice has been appropriately given specifying the Sale Option, the applicable Lessee shall undertake to cause a sale of the applicable Property or Properties on the Expiration applicable Election Date (all as specified in the Election Notice) ), in accordance with the provisions of Section 22.1 hereof. Such Election Date on which a sale is required may be hereafter referred to as the "Sale Date".
Appears in 2 contracts
Samples: Certain Operative Agreements (Dollar Tree Stores Inc), Lease Agreement (Dollar Tree Stores Inc)
Third Party Sale Option. (a) Provided, that (i) no Default or Event of Default shall have occurred and be continuing and (ii) the Election Notice has been appropriately given specifying the Sale Option, Lessee shall undertake to cause a sale of the Properties Property on the Expiration applicable Election Date (all as specified in the Election Notice) ), in accordance with the provisions of Section 22.1 hereof. Such Election Date on which a sale is required may be hereafter referred to as the “Sale Date”.
Appears in 2 contracts
Samples: Lease Agreement (Human Genome Sciences Inc), Lease Agreement (United Therapeutics Corp)
Third Party Sale Option. (a) Provided, that (i) no Default or Event of Default shall have occurred and be continuing and (ii) the Election Notice has been appropriately given specifying the Sale Option, Lessee shall undertake to cause a sale of all, but not less than all, the Properties on the Expiration Date (all as specified in the Election Notice) in accordance with the provisions of Section 22.1 hereof.
Appears in 2 contracts
Samples: Lease Agreement (Sabre Holdings Corp), Lease Agreement (Sabre Holdings Corp)
Third Party Sale Option. (a) Provided, that (i) no Default or Event of Default shall have occurred and be continuing and (ii) the Election Notice has been appropriately given specifying the Sale Option, Lessee shall undertake to cause a sale of the Properties on the Expiration applicable Election Date (all as specified in the Election Notice) ), in accordance with the provisions of Section 22.1 hereof.
Appears in 2 contracts
Samples: Lease Agreement (Healthsouth Corp), Lease Agreement (Healthsouth Corp)
Third Party Sale Option. (a) Provided, Provided that (i) no Default or Event of Default shall have occurred and be continuing and (ii) the Election Notice has been appropriately given specifying the Sale Option, Lessee shall undertake to cause a sale of the Properties Property on the Expiration Election Date (all as specified in the Election Notice) ), in accordance with the provisions of Section 22.1 21.1 hereof. Such Election Date on which a sale is required may be hereafter referred to as the “Sale Date”.
Appears in 1 contract
Third Party Sale Option. (a) Provided, that (i) no Default or Event of Default shall have occurred and be continuing and (ii) the Election Notice has been appropriately given specifying the Sale Option, each Lessee shall undertake to cause a sale of the Properties each Property with respect to which such Lessee has executed a Lease Supplement on the Expiration applicable Election Date (all as specified in the Election Notice) ), in accordance with the provisions of Section 22.1 hereof. Such Election Date on which a sale is required may be hereafter referred to as the "Sale Date".
Appears in 1 contract
Third Party Sale Option. (a) Provided, that (i) no Default or Event of Default shall have occurred and be continuing and (ii) the Election Notice has been appropriately given specifying the Sale Option, Lessee shall undertake to cause a sale of the Lessor's Related Property and Bond Interest in all of the Properties on the Expiration Date (all as specified in the Election Notice) in accordance with the provisions of Section 22.1 hereof.
Appears in 1 contract
Third Party Sale Option. (a) Provided, that (i) no Default or Event of Default shall have occurred and be continuing and (ii) the Election Notice has been appropriately given specifying the Sale Option, Lessee shall undertake to cause a sale of the Properties on the Expiration Date (all as specified in the Election Notice) in accordance with the provisions of Section 22.1 hereof.the
Appears in 1 contract
Samples: Deed of Lease Agreement (Lci International Inc /Va/)
Third Party Sale Option. (a) Provided, Provided that (i) no Default or Event of Default shall have occurred and be continuing and (ii) the Election Notice has been appropriately given specifying the Sale Option, Lessee shall undertake to cause a sale of of, the Properties Property on the Expiration Election Date (all as specified in the Election Notice) ), in accordance with the provisions of Section 22.1 21.1 hereof. The Expiration Date may be hereafter referred to as the “Sale Date”.
Appears in 1 contract
Third Party Sale Option. (a) Provided, that (i) no Default or Event of Default shall have occurred and be continuing and (ii) the Election Notice has been appropriately given specifying the Sale Option, Lessee shall undertake to cause a sale of the Properties Property on the Expiration applicable Election Date (all as specified in the Election Notice) ), in accordance with the provisions of Section 22.1 hereof. Such Election Date on which a sale is required may be hereafter referred to as the "Sale Date".
Appears in 1 contract
Samples: Lease Agreement (Toys R Us Inc)
Third Party Sale Option. (a) Provided, that (i) no Lease Default or Lease Event of Default shall have occurred and be continuing and (ii) the Election Notice has been appropriately given specifying the Sale Option, Lessee shall undertake to cause a sale of the Properties on the Expiration Date (all as specified in the Election Notice) in accordance with the provisions of Section 22.1 hereof.
Appears in 1 contract
Third Party Sale Option. (a) Provided, that (i) no Default or Event of Default shall have occurred and be continuing and (ii) the Election Notice has been appropriately given specifying the Sale Option, Lessee shall undertake to cause a sale of the Properties Initial Improvements or Subsequent Improvements, and all related portions of the Property, on the Expiration Date applicable thereto (all as specified in the Election Notice) in accordance with the provisions of Section 22.1 hereof.
Appears in 1 contract
Samples: Master Lease Agreement (Veritas Software Corp /De/)
Third Party Sale Option. (a) Provided, that (i) no Lease Default or Lease Event of Default shall have occurred and be continuing and (ii) the Election Notice has been appropriately given specifying the Sale Option, Lessee shall undertake to cause a sale of all the Properties (with respect to which the Sale Option has been elected) on the Expiration Date (all as specified in the Election Notice) ), in accordance with the provisions of Section 22.1 hereof. The Expiration Date may be hereafter referred to as the "Sale Date".
Appears in 1 contract
Third Party Sale Option. (a) Provided, that (i) no Default or Event of Default shall have occurred and be continuing and (ii) the Election Notice has been appropriately given specifying the Sale Option, . Lessee shall undertake to cause a sale of the Properties on the Expiration Date (all as specified in the Election Notice) in accordance with the provisions of Section 22.1 hereof.
Appears in 1 contract
Samples: Master Lease Agreement (Veritas Software Corp /De/)
Third Party Sale Option. (a) Provided, that (i) no Default or Event of Default shall have -------- occurred and be continuing and (ii) the Election Notice has been appropriately given specifying the Sale Option, Lessee shall undertake to cause a sale of the Properties on the Expiration applicable Election Date (all as specified in the Election Notice) ), in accordance with the provisions of Section 22.1 hereof22.1. Such Election Date on which a sale is required may be hereafter referred to as the "Sale Date." ---------
Appears in 1 contract
Samples: Lease Agreement (Us Foodservice/Md/)
Third Party Sale Option. (a) Provided, that (i) no Lease Default or Lease Event of -------- Default shall have occurred and be continuing and (ii) the Election Notice has been appropriately given specifying the Sale Option, Lessee shall undertake to cause a sale of the Properties Property on the Expiration applicable Election Date (all as specified in the Election Notice) ), in accordance with the provisions of Section 22.1 hereof.. Such Election Date on which a sale is required may be hereafter referred to as the "Sale Date". ---------
Appears in 1 contract
Third Party Sale Option. (a) Provided, that (i) no Default or Event of Default shall have occurred and be continuing and (ii) the Election Notice has been appropriately given specifying the Sale Option, Lessee shall undertake to cause a sale of the Properties on the Expiration Date (all as specified in the Election Notice) in accordance with the provisions of Section 22.1 hereof.the
Appears in 1 contract
