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.
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 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.
At Borrower’s election, with Lender’s prior written consent, Borrower may require Tenant to make a Rejectable Offer if a Permitted Lease Termination Event occurs, provided the terms of this Section 10.02 shall apply.
Notwithstanding the foregoing, if Landlord does not approve of a matter relating to a Rejectable Substitution Offer made pursuant to Section 3.3(c), a Rejectable Offer shall be made with respect to the applicable Project solely at Tenant's election as provided in Section 3.3(c).
If Lessor timely accepts the Rejectable Offer, then Lessee shall retain Control of the Transponders, and pay the Offer Amount to Lessor on the last day of the Lease Term, together with any and all Rent due and owing; and concurrently, Lessor shall transfer title to such Transponder to Lessee as is, where is, free and clear of all Lessor Liens and Owner Participant Liens, but otherwise without warranty, by executing and delivering to Lessee an instrument substantially in the form of Exhibit C to the Lease.
Additionally, as set forth at Section 12(c)(I) of the Lease, under certain circumstances after a Destruction, the Tenant may make a Rejectable Offer, provided that the terms of this Section 10.2 shall apply.