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 Defeasance Deposit Collateral and Cash Collateral, if any, permitted to be retained by the Lessor, the Agent 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. (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 Defeasance Deposit Collateral and Cash Collateral, if any, permitted to be retained by the Lessor, the Agent 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 for an amount equal to the Asset Termination Value (offsetting against such amount the aggregate amount of the Defeasance Deposit Collateral and Cash Collateral, if any, permitted to be retained by the Lessor, the Agent and the Participants), the Lessor's interest in the Property (notwithstanding any prior election to exercise its Purchase Option or Partial Purchase Option pursuant to Section 20.1) ------- 20 (i) ------------ automatically and without notice upon the occurrence of any Lease ---- Event of Default specified in clause (ef) or (fg) of Section 17.1, and (ii) as provided for ---------- --- ------------ provided for at Section 17.2(e) immediately upon written demand of the Lessor --------------- upon the --------------- occurrence of any other Lease Event of DefaultDefault (except as provided in Section 17.2(i) and subject to Section 16.1(b) and (c)) with respect to the --------------- --------------- --- Lessee's recourse liability if such Lease Event of Default arises during the Agency Term. (b) The Lessee shall be obligated to purchase for an amount equal to the Asset Termination Value (plus all other amounts (without duplication) owing in respect of Rent (including Supplemental Rent) theretofore accruing) (offsetting against such amount amount, subject to the terms of the Cash Collateral Agreement, the aggregate amount of the Defeasance Deposit Collateral and Cash Collateral, if any, permitted to be retained by the Lessor, the Agent 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 for an amount equal to the Asset Termination Value (offsetting against such amount the aggregate amount of the Defeasance Deposit Collateral and Cash Collateral, if any, permitted to be retained by the Lessor, the Agent and the Participants), the Lessor's interest in the Property (notwithstanding any prior election to exercise its Purchase Option or Partial Purchase Option pursuant to Section ------- 20.1) (i) ------------ automatically and without notice upon the occurrence of any Lease ---- Event of Default specified in clause (ef) or (fg) of Section 17.1, and (ii) as provided for ---------- --- ------------ provided for at Section 17.2(e) immediately upon written demand of the Lessor upon the --------------- occurrence of any other Lease Event of DefaultDefault (except as provided in Section 17.2(i) and subject to Section 16.1(b) and (c)) with respect to the --------------- --------------- --- Lessee's recourse liability if such Lease Event of Default arises during the Agency Term. (b) The Lessee shall be obligated to purchase for an amount equal to the Asset Termination Value (plus all other amounts (without duplication) owing in respect of Rent (including Supplemental Rent) theretofore accruing) (offsetting against such amount amount, subject to the terms of the Cash Collateral Agreement, the aggregate amount of the Defeasance Deposit Collateral and Cash Collateral, if any, permitted to be retained by the Lessor, the Agent 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. ------------