Common use of Acceleration of Purchase Obligation Clause in Contracts

Acceleration of Purchase Obligation. (a) The Lessee shall be obligated to purchase for an amount equal to the Asset Termination Value (offsetting against such amount the aggregate amount of the Cash Collateral, if any, permitted to be retained by the Lessor, the Indenture Trustee and the Participants), the Lessor's interest in the Property (notwithstanding any prior election to exercise its Purchase Option pursuant to Section 20.1) (i) automatically and without notice upon the occurrence of any Lease Event of Default specified in clause (e) or (f) of Section 17.1, and (ii) as provided for at Section 17.2(e) immediately upon written demand of the Lessor upon the occurrence of any other Lease Event of Default (except as provided in Section 17.2(j)). (b) The Lessee shall be obligated to purchase for an amount equal to the Asset Termination Value (plus all other amounts owing in respect of Rent (including Supplemental Rent) theretofore accruing) (offsetting against such amount the aggregate amount of the Cash Collateral, if any, permitted to be retained by the Lessor, the Indenture Trustee and the Participants), immediately upon written demand of the Lessor, the Lessor's interest in the Property at any time during the term when the Lessor's interest in the Property is foreclosed due to an event arising out of a violation of the warranty of title contained in Section 12.1 hereof and the Lessor ceases to have title as contemplated by Section 12.1.

Acceleration of Purchase Obligation. (a) The Lessee shall be obligated to purchase the Lessor's interest in all of the Leased Assets for an amount equal to the Asset Termination Value (offsetting against such amount the aggregate amount sum of the Cash Collateral, if any, permitted to be retained by Lease Balances for all of the Lessor, Leased Assets (i) automatically and without notice upon the Indenture Trustee and the Participants), the Lessor's interest occurrence of any Event of Default specified in the Property clause (f) or (g) of Section 20.1 (notwithstanding any prior election to exercise its Purchase Option pursuant to Section 20.122.1) (i) automatically and without notice upon the occurrence of any Lease Event of Default specified in clause (e) or (f) of Section 17.1, and (ii) as provided for at in Section 17.2(e20.2(a)(v) immediately upon within ten (10) Business Days after written demand of the Lessor upon the occurrence of any other Lease Event of Default (except as provided in Section 17.2(j))Default. (b) The Lessee shall be obligated to purchase the Lessor's interest in any Leased Assets for an amount equal to the Asset Termination Value Lease Balance within ten (plus all other amounts owing in respect of Rent (including Supplemental Rent10) theretofore accruing) (offsetting against such amount the aggregate amount of the Cash Collateral, if any, permitted to be retained by the Lessor, the Indenture Trustee and the Participants), immediately upon Business Days after written demand of the Lessor, the Lessor's interest in the Property Lessor at any time during the term when the Lessor's interest in the Property is foreclosed due to an event arising out of a violation of the warranty of title contained in Section 12.1 hereof and (i) the Lessor ceases to have title to such Leased Assets as contemplated by Section 12.115.1 or (ii) any related Security Document to which the Lessee is a party shall cease to be in full force and effect, or shall cease to give the Lessor and/or the Collateral Agent the Liens, rights, powers and privileges purported to be created thereby. The Lessee's obligations under clause (ii) of this Section 22.2(b) shall not apply to any Leased Asset for which the Base Date has not occurred unless the defect in the Security Document resulted from the Lessee's acts or failures to act in accordance with this Lease and the other Operative Documents to which it is a party. (c) Any purchase under Section 22.1 or this Section 22.2 shall be in accordance with Section 25.1. ARTICLE

Acceleration of Purchase Obligation. (a) The Lessee shall be obligated to purchase for an amount equal to the Asset Termination Value (offsetting against such amount the aggregate amount of the Cash Collateral, if any, permitted to be retained by the Lessor, the Indenture Trustee and the Participants), Lease Balance the Lessor's interest in the Property Leased Assets (notwithstanding any prior election to exercise its Purchase Option pursuant to Section 20.122.1) (i) automatically and without notice upon the occurrence of any Lease Event of Default specified in clause (ef) or (fg) of Section 17.1, 20.1 and (ii) as provided for at Section 17.2(e20.2(e) immediately upon written demand of the Lessor upon the occurrence of any other Lease Event of Default (except as provided in Section 17.2(j))Default. (b) The Lessee shall be obligated to purchase the Lessor's interest in the Leased Assets for an amount equal to the Asset Termination Value (plus all other amounts owing in respect of Rent (including Supplemental Rent) theretofore accruing) (offsetting against such amount the aggregate amount of the Cash Collateral, if any, permitted to be retained by the Lessor, the Indenture Trustee and the Participants), Lease Balance immediately upon written demand of the Lessor, the Lessor's interest in the Property Lessor at any time during the term when the Lessor's interest in the Property is foreclosed due (i) subject to an event arising out of a violation of the warranty of title contained in Section 12.1 hereof and 21.1, the Lessor ceases to have title as contemplated by Section 12.115.1 or (ii) any related Security Document (other than this Lease) to which the Lessee is a party shall cease to be in full force and effect, or shall cease to give the Lessor the Liens, rights, powers and privileges purported to be created thereby. (c) Any purchase under Section 22.1 or this Section 22.2 shall be in accordance with Section 25.1(a).

Acceleration of Purchase Obligation. (a) The Lessee shall be obligated to purchase for an amount equal to the Asset Termination Value (offsetting against such amount the aggregate amount of the Cash Collateral, if any, permitted to be retained by the Lessor, the Indenture Trustee and the Participants), Lease Balance the Lessor's interest in the Property Leased Assets (notwithstanding any prior election to exercise its Purchase Option pursuant to Section 20.122.1) (i) automatically and without notice upon the occurrence of any Lease Event of Default specified in clause (ef) or (fg) of Section 17.1, 20.1 and (ii) as provided for at Section 17.2(e20.2(e) immediately upon written demand of the Lessor upon the occurrence of any other Lease Event of Default (except as provided in Section 17.2(j))Default. (b) The Lessee shall be obligated to purchase the Lessor's interest in the Leased Assets for an amount equal to the Asset Termination Value (plus all other amounts owing in respect of Rent (including Supplemental Rent) theretofore accruing) (offsetting against such amount the aggregate amount of the Cash Collateral, if any, permitted to be retained by the Lessor, the Indenture Trustee and the Participants), Lease Balance immediately upon written demand of the Lessor, the Lessor's interest in the Property Lessor at any time during the term when the Lessor's interest in the Property is foreclosed due (i) subject to an event arising out of a violation of the warranty of title contained in Section 12.1 hereof and 21.1, the Lessor ceases to have title as contemplated by Section 12.115.1 or (ii) any related Security Document (other than this Lease) to which the Lessee is a party shall cease to be in full force and effect, or shall cease to give the Lessor the Liens, rights, powers and privileges purported to be created thereby. (c) Any purchase under this Section 22.2 shall be in accordance with Section 25.1(a).

Acceleration of Purchase Obligation. (a) The Lessee shall be obligated to purchase for an amount equal to the Asset Termination Value (offsetting against such amount the aggregate amount of the Cash Collateral, if any, permitted to be retained by the Lessor, the Indenture Trustee and the Participants), Lease Balance the Lessor's interest in the Property Leased Assets at any time during the Lease Term (notwithstanding any prior election to exercise its Purchase Option pursuant to Section 20.1SECTION 22.1) (i) automatically and without notice upon the occurrence of any Lease Event of Default specified in clause (eg) or (fh) of Section 17.1, SECTION 20.1 with respect to the Lessee and (ii) as provided for at Section 17.2(ein SECTION 20.2(a)(v) immediately upon written demand of the Lessor upon the occurrence of any other Lease Event of Default (except as provided in Section 17.2(j))Default. (b) The Lessee shall be obligated to purchase the Lessor's interest in any Leased Assets for an amount equal to the Asset Termination Value (plus all other amounts owing in respect of Rent (including Supplemental Rent) theretofore accruing) (offsetting against such amount the aggregate amount of the Cash Collateral, if any, permitted to be retained by the Lessor, the Indenture Trustee and the Participants), Lease Balance immediately upon written demand of the Lessor, the Lessor's interest in the Property Lessor at any time during the term Lease Term when the Lessor's interest in the Property is foreclosed due to an event arising out of a violation of the warranty of title contained in Section 12.1 hereof and (i) the Lessor ceases to have title to such Leased Assets as contemplated by Section 12.1SECTION 15.1 or (ii) any related Security Document (other than this Lease) to which the Lessee is a party shall cease to give the Lessor the Liens, rights, powers and privileges purported to be created thereby. (c) Any purchase under SECTION 22.1 or this SECTION 22.2 shall be in accordance with SECTION 25.1.