Examples of Rejectable Purchase Offer in a sentence
If the Mortgage corresponding to the Property to be purchased is still outstanding, any rejection of the Rejectable Purchase Offer by Lessor shall not be effective unless it is consented to in writing by Lender.
If Lessor accepts the Rejectable Purchase Offer or is deemed to have accepted the Rejectable Purchase Offer or if Lender does not consent in writing to any rejection of the Rejectable Purchase Offer by Lessor, then Lessee shall complete such purchase, subject, however, to the satisfaction of each of the terms and conditions set forth in the following subsection B.
Lessor's failure to deliver such notice within such time period shall be deemed to constitute Lessor's acceptance of the Rejectable Purchase Offer.
Lessor shall have 90 days from the delivery of the Rejectable Purchase Offer notice to deliver to Lessee written notice of its election to either accept or reject the Rejectable Purchase Offer.
If Lessor shall have given Lessee notice of a breach of the Aggregate Fixed Charge Coverage Ratio requirement under this Lease, Lessee shall have the right to deliver a rejectable offer to Lessor (a "Rejectable Purchase Offer") to purchase such of the Properties as is contemplated by Section 23.A(ix)(2), subject to the fulfillment of all of the conditions set forth in this Section 58.
County shall be the local authority responsible for the designation of the closure and assuring installation of the proper waterway markers.A. Channel closure buoys shall be placed in the navigation channel; located in the center of the channel, at a location seventy five (75) feet, both upstream and downstream, from the centerline of Haynes Road at the bridge location;B.
During such time as an Indenture encumbers the Premises, no rejection of a Rejectable Purchase Offer shall be effective unless countersigned by the Lender.
Within 90 days of the date Landlord receives the Rejectable Purchase Offer, Landlord shall deliver written notice of its election to either accept or reject Tenant's Rejectable Purchase Offer (with a failure to respond constituting an acceptance of such Rejectable Purchase Offer).
If Lessor rejects the Rejectable Purchase Offer pursuant to the previous paragraph, and such rejection is consented to by Lender, this Lease shall terminate with respect to the Property which Lessee proposed to purchase on the next scheduled Base Monthly Rental payment date (the "Early Purchase Termination Date") provided Lessee has paid to Lessor all Base Annual Rental, Additional Rental and all other sums and obligations then due and payable under this Lease as of such Early Purchase Termination Date.
Lessor's failure to respond to such Rejectable Purchase Offer notice within such time period shall be deemed to constitute Lessor's acceptance of the Rejectable Purchase Offer.