Common use of Acceleration of Purchase Obligation Clause in Contracts

Acceleration of Purchase Obligation. The Lessees shall be obligated to purchase Lessor's interest in the Leased Properties immediately, automatically and without notice upon the occurrence of any Event of Default specified in clause (f) of Article XII (subject to clause (ii) of the definition of Limited Event of Default), for the purchase price set forth in Section 14.4. Subject to Section 13.4, upon the occurrence and during the continuance of any other Event of Default, the Lessees shall be obligated to purchase Lessor's interest in the Leased Properties for the purchase price set forth in Section 14.4 upon notice of such obligation from Lessor.

Appears in 1 contract

Sources: Master Lease Agreement (Concord Efs Inc)

Acceleration of Purchase Obligation. The Lessees Lessee shall be ----------------------------------- obligated to purchase Lessor's interest in the Leased Properties Property immediately, automatically and without notice upon the occurrence of any Event of Default specified in clause (fg) of Article XII (subject to clause (ii) of the definition of Limited Event of Default)XII, for the purchase price set forth in Section 14.4. Subject to Section 13.4, upon the occurrence and during the continuance of any other Event of Default, the Lessees shall be obligated to purchase Lessor's interest in the Leased Properties for the purchase price set forth in Section 14.4 upon notice of such obligation from Lessor.---------- -----------

Appears in 1 contract

Sources: Master Agreement (Sterling Commerce Inc)

Acceleration of Purchase Obligation. The Lessees shall be obligated to purchase Lessor's ’s interest in the Leased Properties immediately, automatically and without notice upon the occurrence of any Event of Default specified in clause (f) of Article XII (subject to clause (ii) of the definition of Limited Event of Default), for the purchase price set forth in Section 14.4. Subject to Section 13.4, upon the occurrence and during the continuance of any other Event of Default, the Lessees shall be obligated to purchase Lessor's ’s interest in the Leased Properties for the purchase price set forth in Section 14.4 upon notice of such obligation from Lessor.

Appears in 1 contract

Sources: Master Lease Agreement (Concord Efs Inc)

Acceleration of Purchase Obligation. The Lessees Lessee shall ----------------------------------- be obligated to purchase the Lessor's interest in the Leased Properties Property immediately, automatically and without notice upon the occurrence of any Event of Default specified in clause (fl) of Article XII (subject to clause (ii) of the definition of Limited Event of Default)XII, for the purchase ----------- price set forth in Section 14.4. Subject to Section 13.4, upon Upon the occurrence and during the continuance of any other Event of ------------ Default, the Lessees Lessee shall be obligated to purchase the Lessor's interest in the Leased Properties Property for the purchase price set forth in Section 14.4 upon ------------ notice of such obligation from the Lessor.

Appears in 1 contract

Sources: Master Lease Agreement (Jones Financial Companies Lp LLP)

Acceleration of Purchase Obligation. The Lessees shall be ----------------------------------- obligated to purchase Lessor's interest in the Leased Properties immediately, automatically and without notice upon the occurrence of any Event of Default specified in clause (f) of Article XII (subject to clause (ii) of the definition of Limited Event of Default)XII, for the purchase price set forth in Section 14.4. Subject to Section 13.4, upon the occurrence and during the continuance of any other Event of Default, the Lessees shall be obligated to purchase Lessor's interest in the Leased Properties for the purchase price set forth in Section 14.4 upon notice of such obligation from Lessor.---------- -----------

Appears in 1 contract

Sources: Master Lease Agreement (Rowe Companies)

Acceleration of Purchase Obligation. The Lessees Lessee shall ----------------------------------- be obligated to purchase the Lessor's interest in the Leased Properties Property immediately, automatically and without notice upon the occurrence of any Event of Default specified in clause (fl) of Article XII (subject to clause (ii) of the definition of Limited Event of Default)XII, for the ----------- purchase price set forth in Section 14.4. Subject to Section 13.4, upon Upon the occurrence and during the continuance of any ------------ other Event of Default, the Lessees Lessee shall be obligated to purchase the Lessor's interest in the Leased Properties Property for the purchase price set forth in Section 14.4 upon notice of such obligation from the Lessor.. ------------

Appears in 1 contract

Sources: Master Lease Agreement (Jones Financial Companies Lp LLP)