Third Party Sale Option. 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.
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Samples: Participation Agreement (Correctional Services Corp), Participation Agreement (Lexicon Genetics Inc/Tx)
Third Party Sale Option. 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".
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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".
(b) In the event a particular Lessee exercises the Sale Option then, as soon as practicable and in all events not less than sixty
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Third Party Sale Option. 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.
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Third Party Sale Option. 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/)
