Common use of Transfer of Operational Control of the Facilities Clause in Contracts

Transfer of Operational Control of the Facilities. Lessee shall cooperate fully in transferring operational control of all of the Facilities which are then subject to this Lease to Lessor or Lessor's nominee if the Term expires without renewal or this Lease is terminated upon the occurrence of an Event of Default or for any other reason, and Lessee shall use its best efforts to cause the business conducted at all such Facilities to continue without interruption. To that end, pending completion of the transfer of the operational control of such Facilities to Lessor or its nominee:

Appears in 4 contracts

Samples: Master Lease (Williams Communications Group Inc), Credit Agreement (Williams Companies Inc), Master Lease (Williams Companies Inc)

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Transfer of Operational Control of the Facilities. Lessee shall cooperate fully in transferring operational control of all of the Facilities which are then subject to this Lease to Lessor or Lessor's ’s nominee if the Term expires without renewal or purchase by Lessee, or this Lease is terminated upon the occurrence of an Event of Default or for any other reason, and Lessee shall use its reasonable best efforts to cause the business conducted at all such the Facilities to continue without interruption. To that end, pending completion of the transfer of the operational control of such the Facilities to Lessor or its nominee:

Appears in 1 contract

Samples: Master Lease (Omega Healthcare Investors Inc)

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