Common use of Amendment of Requirements Clause in Contracts

Amendment of Requirements. 27 Application of Insurance Proceeds................................................................... 28 SECTION 12 INSPECTION ........................................................................................................ 30 SECTION 13 TERMINATION OPTION FOR BURDENSOME EVENTS............................... 31 Section 13.1 Section 13.2 Section 13.3 Section 13.4 Election to Terminate ....................................................................................... 31 Solicitation of QualifYing Cash Bids; Payments Upon Termination ............... 31 Procedure for Exercise of Termination Option ................................................ 32 Assumption of the Notes .................................................................................. 33 SECTION 14 TERMINATION FOR OBSOLESCENCE; PARTIAL RELEASE OF INTERESTS..................................................................................................... 34 Section 14.1 Section 14.2 Section 14.3 Section 14.4 Section 14.5 Section 14.6 Termination ...................................................................................................... 34 Solicitation of Offers........................................................................................ 34 Right of Owner Lessor to Retain the Owner Lessor's Interest......................... 35 Procedure for Exercise of Termination Option ................................................ 36 Certain Conditions to Termination .................................................................. 37 Partial Release oflnterest; Further Assurances ............................................... 37 SECTION 15 LEASE RENEWAL............................................................................................... 39 Section 15.1 Section 15.2 Section 15.3 Section 15.4 Section 15.5 Section 15.6 First Wintergreen Renewal Lease Term .......................................................... 39 Second Wintergreen Renewal Lease Term ...................................................... 39 Fair Market Value Renewal Lease Terms........................................................ 40 Renewal Lease Rent for the Renewal Lease Terms......................................... 40 Determination of Fair Market Rental Value.................................................... 41 Termination Value During Renewal Lease Terms........................................... 41 HOUO 1:587609.2

Appears in 1 contract

Sources: Facility Lease Agreement (GenOn Energy, Inc.)

Amendment of Requirements. 27 28 Section 11.7 Application of Insurance Proceeds................................................................... 28 ..........................................................29 SECTION 12 INSPECTION ........................................................................................................ INSPECTION............................................................................................30 SECTION 13 TERMINATION OPTION FOR BURDENSOME EVENTS............................... ..............................................................31 Section 13.1 Election to Terminate......................................................................31 Section 13.2 Section 13.3 Section 13.4 Election to Terminate ....................................................................................... 31 Solicitation of QualifYing Qualifying Cash Bids; Payments Upon Termination ............... 31 Termination............................32 Section 13.3 Procedure for Exercise of Termination Option ................................................ 32 Option...............................................33 Section 13.4 Assumption of the Notes .................................................................................. 33 Notes....................................................................34 SECTION 14 TERMINATION FOR OBSOLESCENCE; PARTIAL RELEASE OF INTERESTS..................................................................................................... ............................................34 Section 14.1 Termination................................................................................34 Section 14.2 Section 14.3 Section 14.4 Section 14.5 Section 14.6 Termination ...................................................................................................... 34 Solicitation of Offers........................................................................................ 34 .....................................................................35 Section 14.3 Right of Owner Lessor to Retain the Owner Lessor's Interest......................... ................................35 Section 14.4 Procedure for Exercise of Termination Option ................................................ Option...............................................36 Section 14.5 Certain Conditions to Termination .................................................................. Termination..........................................................37 Section 14.6 Partial Release oflnterestof Interest; Further Assurances ............................................... 37 SECTION 15 LEASE RENEWAL............................................................................................... 39 Section 15.1 Section 15.2 Section 15.3 Section 15.4 Section 15.5 Section 15.6 First Wintergreen Renewal Lease Term .......................................................... 39 Second Wintergreen Renewal Lease Term ...................................................... 39 Fair Market Value Renewal Lease Terms........................................................ 40 Renewal Lease Rent for the Renewal Lease Terms......................................... 40 Determination of Fair Market Rental Value.................................................... 41 Termination Value During Renewal Lease Terms........................................... 41 HOUO 1:587609.2Assurances............................................38

Appears in 1 contract

Sources: Facility Lease Agreement (Reliant Energy Mid Atlantic Power Services Inc)