Certain Obligations Continue. During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Properties (including without limitation the installment of Basic Rent due on the Expiration Date) shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the Maximum Residual Guarantee Amount, the amount due under Section 22.3, if any, and all other amounts due to Lessor or any other Person with respect to all Properties or any Operative Agreement. Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XXII.
Appears in 12 contracts
Sources: Lease Agreement (Sabre Holdings Corp), Lease Agreement (Sabre Holdings Corp), Participation Agreement (Franklin Resources Inc)
Certain Obligations Continue. During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Properties (including without limitation the installment of Basic Rent due on the Expiration Sale Date) shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the Maximum Residual Guarantee Amount, the amount due under Section 22.3, if any, and all other amounts due to Lessor or any other Person with respect to all Properties or any Operative Agreement. Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XXII.
Appears in 10 contracts
Sources: Lease Agreement (Healthsouth Corp), Lease Agreement (Sterile Recoveries Inc), Lease Agreement (Pep Boys Manny Moe & Jack)
Certain Obligations Continue. During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Properties (including without limitation the installment of Basic Rent due on the applicable Expiration Date or Payment Date) shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the Maximum Residual Guarantee Amount, the amount due under Section 22.3, if any, and all other amounts due to Lessor or any other Person with respect to all Properties or any Operative AgreementProperties. Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XXII.
Appears in 2 contracts
Sources: Lease Agreement (Wackenhut Corrections Corp), Lease Agreement (Wackenhut Corrections Corp)
Certain Obligations Continue. During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Properties Property (including without limitation the installment of Basic Rent due on the Expiration Date) shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the Maximum Residual Guarantee Amount, the amount due under Section 22.3, if any, and all other amounts due to Lessor or any other Person with respect to all Properties the Property or any Operative Agreement. Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XXII.
Appears in 2 contracts
Sources: Lease Agreement (Convergys Corp), Deed of Lease Agreement (Lci International Inc /Va/)
Certain Obligations Continue. During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Properties Property (including without limitation the installment of Basic Rent due on the Expiration Sale Date) shall continue undiminished until payment in full to Lessor of the Maximum Residual Guarantee Amount or the Deficiency Balance (as applicable), the sale proceeds, if any, for the Maximum Residual Guarantee AmountProperty in accordance with this Lease, the amount due under Section 22.3, if any, and all other amounts due to Lessor or any other Person with respect to all Properties the Property or any Operative Agreement. Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XXII.
Appears in 2 contracts
Sources: Lease Agreement (United Therapeutics Corp), Lease Agreement (Human Genome Sciences Inc)
Certain Obligations Continue. During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Properties (including without limitation the installment of Basic Rent due on the Expiration Date) shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the Maximum Residual Guarantee AmountAmount or portion thereof payable under Section 22.1(b), the amount due under Section 22.3, if any, and all other amounts due to Lessor or any other Person with respect to all Properties or any Operative AgreementProperties. Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XXII.
Appears in 2 contracts
Sources: Lease Agreement (Capital One Financial Corp), Lease Agreement (Capital One Financial Corp)
Certain Obligations Continue. During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Properties Property (including without limitation the installment of Basic Rent due on the Expiration Sale Date) shall continue undiminished until payment in full to Lessor of the Maximum Residual Guarantee Amount, the sale proceeds, if any, remaining after the payment of the Maximum Residual Guarantee Amount, the amount due under Section 22.3, if any, and all other amounts due to Lessor or any other Person with respect to all Properties the Property or any Operative Agreement. Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XXII.
Appears in 2 contracts
Sources: Lease Agreement (Capital One Financial Corp), Lease Agreement (Toys R Us Inc)
Certain Obligations Continue. During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Properties (including without limitation the installment of Basic Rent due on the Expiration Date) shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the lesser of the Deficiency Balance and the Maximum Residual Guarantee Amount, the amount due under Section 22.3, if any, and all other amounts due to Lessor or any other Person with respect to all Properties or any Operative Agreement. Lessor shall have the right, but shall be 26 237 under no duty, to solicit bids, to inquire into the efforts of Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XXII.
Appears in 1 contract
Certain Obligations Continue. During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Properties Equipment (including without limitation the installment of Basic Rent due on the Expiration Dateexpiration date of the Basic Term or Renewal Term, as the case may be) shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the Maximum Residual Value Guarantee Amount, the amount due under Section 22.323.3, if any, and all other amounts due to Lessor or any other Person with respect to all Properties or any Operative Agreementsuch Equipment. Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XXIISection 23.
Appears in 1 contract
Certain Obligations Continue. During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Properties Property (including without limitation the installment of Basic Rent due on the Expiration Date) shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the Maximum Residual Guarantee Amount, the amount due under Section 22.3, if any, and all other amounts due to Lessor or any other Person with respect to all Properties Property or any Operative Agreement. Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XXII.
Appears in 1 contract
Certain Obligations Continue. During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Properties (including without limitation the installment of Basic Rent due on the Expiration Sale Date) ), pay indemnities, maintain the Property and maintain insurance shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the Maximum Residual Guarantee AmountAmount or the Deficiency Balance (as applicable), the amount due under Section 22.321.3, if any, and all other amounts due to Lessor or any other Person with respect to all Properties the Property or any Operative Agreement. Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XXIIXXI.
Appears in 1 contract
Certain Obligations Continue. During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Properties Property (including without limitation the installment of Basic Rent due on the Expiration Sale Date) ), pay indemnities, maintain the Property and maintain insurance shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the Maximum Residual Guarantee AmountAmount or the Deficiency Balance (as applicable), the amount due under Section 22.321.3, if any, and all other amounts due to Lessor or any other Person with respect to all Properties Property or any Operative Agreement. Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XXIIXXI.
Appears in 1 contract
Certain Obligations Continue. During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Properties Equipment (including without limitation the installment of Basic Rent due on the Expiration Lease Termination Date) shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the Maximum Residual Guarantee Amount, if any, the amount due under Section 22.320(c), if any, and all other amounts due to Lessor or any other Person with respect to all Properties or any Operative Agreementthe Equipment. Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XXIISection 20.
Appears in 1 contract
Certain Obligations Continue. During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Properties (including without limitation the installment of Basic Rent due on the Expiration Date) shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the lesser of the Deficiency Balance and the Maximum Residual Guarantee Amount, the amount due under Section 22.3, if any, and all other amounts due to Lessor or any other Person with respect to all Properties or any Operative Agreement. Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XXII.
Appears in 1 contract
Sources: Lease Agreement (Acxiom Corp)
Certain Obligations Continue. During the Marketing Period, the obligation of Lessee to pay Rent with respect to all the Properties (including without limitation the installment of Basic Rent due on the Expiration Sale Date) shall continue undiminished until payment in full to Lessor of the Maximum Residual Guarantee Amount, the sale proceeds, if any, remaining after the payment of the Maximum Residual Guarantee Amount, the amount due under Section 22.3, if any, and all other amounts due to Lessor or any other Person with respect to all one or more Properties or any Operative Agreement. Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XXII.
Appears in 1 contract
Certain Obligations Continue. During the Marketing Period, the ---------------------------- obligation of Lessee to pay Rent with respect to the Properties each piece of Equipment (including without limitation the installment of Basic Rent due on the Expiration Maturity Date) shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the Maximum Residual Guarantee Amount, if any, the amount due under Section 22.321.3, if any, and all other amounts due to Lessor or any other Person with respect to all Properties or any Operative Agreementthe piece of Equipment. Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XXIISection 21.
Appears in 1 contract
Sources: Lease (Hanover Compressor Co /)
Certain Obligations Continue. During the Marketing Period, the obligation of each Lessee to pay Rent with respect to the Properties of such Lessee (including without limitation the installment of Basic Rent due on the Expiration Sale Date) shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the Maximum Residual Guarantee Amount, the amount due under Section 22.3, if any, and all other amounts due to Lessor or any other Person with respect to all Properties or any Operative Agreement. Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of any Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XXII.
Appears in 1 contract
Certain Obligations Continue. During the Marketing Period, the obligation of Lessee to pay Rent Lessee's obligations with respect to the Properties (including without limitation the installment of Basic Rent due on the Expiration Date) shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the Maximum Residual Guarantee Amount, the amount due under Section 22.3, if any, and all other amounts due to Lessor or any other ------------ Person with respect to all Properties or any Operative Agreement. Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XXII.. ------------
Appears in 1 contract
Certain Obligations Continue. During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Properties (including without limitation the installment of Basic Rent due on the Applicable Expiration Date) shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the Maximum Residual Guarantee Amount, the amount due under Section SECTION 22.3, if any, and all other amounts due to Lessor or any other Person with respect to all Properties or any Operative AgreementProperties. Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article ARTICLE XXII.
Appears in 1 contract
Sources: Lease Agreement (Tech Data Corp)
Certain Obligations Continue. During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Properties (including without limitation the installment of Basic Rent due on the Expiration Date) shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the Maximum Residual Guarantee Amount, the amount due under Section 22.3, if any, and all other amounts due to Lessor or any other Person with respect to all Properties the Property or any Operative Agreement. Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XXII.
Appears in 1 contract
Certain Obligations Continue. During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Properties in the related Pool (including without limitation the installment of Basic Rent due on the Expiration Date) shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the Maximum Residual Guarantee Amount, the amount due under Section 22.3, if any, and all other amounts due to Lessor or any other Person with respect to all Properties or any Operative Agreementin such Pool. Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XXII.
23.1 [RESERVED.]
Appears in 1 contract
Sources: Lease Agreement (Tech Data Corp)
Certain Obligations Continue. During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Properties (including without limitation the installment of Basic Rent due on the Expiration Sale Date) ), pay indemnities, maintain the Property and maintain insurance shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the Maximum Residual Guarantee AmountAmount or the Deficiency Balance (as applicable), the amount due under Section 22.321.3, if any, and all other amounts due to Lessor or any other Person with respect to all Properties the Property or any Operative Agreement. Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of Lessee ▇▇▇▇▇▇ to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XXIIXXI.
Appears in 1 contract
Sources: Lease Agreement