Common use of Acceptance and Lease of Property Clause in Contracts

Acceptance and Lease of Property. Subject to the terms and conditions set forth herein and in the Participation Agreement, including without limitation the satisfaction or waiver of the conditions set forth in Article VI thereof, the Lessor hereby agrees to accept, pursuant to the terms of the Participation Agreement, delivery on each Acquisition Date of a Property from one or more third parties designated by the Lessee and simultaneously to demise and lease to the Lessee hereunder and under the relevant Lease Supplement for the Lease Term, the Lessor's interest in such Property and the Lessee hereby agrees, expressly for the direct benefit of the Lessor, to lease from the Lessor for the Lease Term the interest of the Lessor in such Property identified in the applicable Lease Supplement.

Acceptance and Lease of Property. Subject to the terms and conditions set forth herein and in the Participation Agreement, including without limitation the satisfaction or waiver of the conditions set forth in Article VI thereof, the Lessor hereby agrees to accept, pursuant to the terms of the Participation Agreement, delivery on each the Acquisition Date of a the Property from one or more third parties designated by the Lessee and simultaneously to demise and lease to the Lessee hereunder and under the relevant Lease Supplement for the Lease Term, the Lessor's interest in such the Property and the Lessee hereby agrees, expressly for the direct benefit of the Lessor, to lease from the Lessor for the Lease Term the interest of the Lessor in such the Property identified in the applicable Lease Supplement.

Acceptance and Lease of Property. Subject to the terms and conditions set forth herein and in the Participation Agreement, including without limitation the satisfaction or waiver of the conditions set forth in Article VI thereof, the Lessor hereby covenants and agrees to accept, pursuant to the terms of the Participation Agreement, delivery on each Acquisition Date of acquire a Property from one or more third parties designated by the Lessee leasehold interest in and simultaneously to demise and lease to the Lessee hereunder and under the relevant Lease Supplement Supplements for the Lease Term, the Lessor's interest in the Land together with any Improvements which thereafter may be constructed on such Property Land pursuant to the Construction Agency Agreement or this Master Lease, and the Lessee hereby agrees, expressly for the direct benefit of the Lessor, to lease from the Lessor for the Lease Term Term, the Lessor's interest of the Lessor in such Property identified Parcels of Land and in such Improvements together with any Improvements so acquired by Lessor, which thereafter may be constructed on such Land pursuant to the applicable Lease SupplementConstruction Agency Agreement and this Master Lease.

Acceptance and Lease of Property. Subject to the terms and conditions set forth herein and in the Participation Agreement, including without limitation the satisfaction or waiver of the conditions set forth in Article VI thereof, the Lessor hereby agrees to accept, accept pursuant to the terms of the Participation Agreement, Agreement delivery on each Acquisition Date of a the Property from one or more third parties designated Equity Interest to be delivered by the Lessee seller thereof on such Acquisition Date and simultaneously to demise and lease to the applicable Lessee hereunder and under the relevant Lease Supplement for the Lease Term, the Lessor's interest in such Property Property, and the Lessee Lessees hereby agreesagree, expressly for the direct benefit of the Lessor, to lease from the Lessor for the Lease Term Term, the Lessor's interest of the Lessor in such Property identified in the applicable Lease Supplementeach Property.