Examples of Rejectable Offer in a sentence
In the event of the termination of this Lease as provided in Section 15.3, Lessee shall offer to acquire the Leased Property from Lessor for a purchase price equal to the Rejectable Offer Price of the Leased Property without regard to such taking and, if accepted, Lessee shall receive the entire Award.
During such time as an Indenture encumbers a particular Project, no rejection of a Rejectable Offer with respect to that Project shall be effective unless countersigned by the Lender.
If the Lease Termination Date occurs during the Primary Term, such notice must be accompanied by either a Rejectable Offer or a Rejectable Substitution Offer, as described in Section 3.3, in which event the provisions of such Section shall be controlling.
In the event of the termination of this Lease as provided in Section 15.3, Lessee may offer to acquire the Leased Property from Lessor for a purchase price equal to the Rejectable Offer Price of the Leased Property without regard to such Taking and, if accepted, Lessee shall receive the entire Award.
In any event, the entire amount of the Rejectable Offer Price (as defined in such Lease) for any such acquisition shall be paid to Agent for application to the Obligations in accordance with the provisions of Section 2.19(c) of the Credit Agreement.
If Tenant acquires the affected Property or Properties in accordance with the provisions of Article 14 of the related Leases (which acquisition shall be subject to the provision of the foregoing clause (iii)), Agent shall disburse the Net Proceeds to Tenant (or, at Tenant's option, cause the same to be applied to the Obligations and credit the amount of such Net Proceeds against the Rejectable Offer Price payable to Agent pursuant to clause (iii) above).
In such event, this Lease shall continue in full force and effect, Tenant shall be deemed to have made a Rejectable Offer on the initially-scheduled Lease Termination Date, and Landlord shall either accept or reject such deemed Rejectable Offer no later than sixty (60) days after the initially-scheduled Lease Termination Date.
If Borrower fails to deliver cash or a Letter of Credit equal to the Prepayment Consideration within such seventy (70) day period, then Lender may exercise on Borrower's behalf the right to reject such Rejectable Offer which notice of rejection by Lender shall be fully binding on Borrower as if Borrower had joined in such rejection.
If Tenant shall make a Rejectable Offer with respect to Mortgaged Property pursuant to any provision of the Master Lease, and Owner has made the payment to Lender required with respect thereto pursuant to Section 2.8 of this Indenture, then Lender shall release to Owner its interest in the related Mortgaged Property and the Loss Proceeds, if any, pursuant to Section 2.27.
Additionally, as set forth at Section 12(c) of the Lease, under certain circumstances after a Destruction the Tenant may make a Rejectable Offer, provided that the terms of this Section 10.02 shall apply.