Common use of Effect of Failure to Complete Purchase Clause in Contracts

Effect of Failure to Complete Purchase. If, for any reason, the purchase by the Tenant of the portion of the real property described in the notice is not effected on the specified date, this Project Lease shall be and remain in full force and effect according to its terms the same as though no notice of election to purchase had been given.

Appears in 5 contracts

Sources: Project Lease, Project Lease, Project Lease

Effect of Failure to Complete Purchase. If, for any reasonreason whatsoever, the purchase by the Tenant of the portion of the real property described in the said notice is not effected on the specified date, this Project Lease shall be and remain in full force and effect according to its terms the same as though no notice of election to purchase had been given.

Appears in 3 contracts

Sources: Lease Agreement (Federal Home Loan Bank of Topeka), Lease (Collins Industries Inc), Lease (Collins Industries Inc)

Effect of Failure to Complete Purchase. If, for any reasonreason whatsoever, the purchase by the Tenant of the portion of the real property described in the said notice is not effected on the specified date, this Project Lease shall be and remain in full force and effect according to its terms the same as though no notice of election to purchase had been given.

Appears in 3 contracts

Sources: Lease, Lease (MGP Ingredients Inc), Lease (National Beef Packing Co LLC)

Effect of Failure to Complete Purchase. If, for any reasonreason whatsoever, the purchase by the Tenant of the portion Corporation of the real property described in the said notice is not effected on the specified date, this Project Lease shall be and remain in full force and effect according to its terms the same as though no notice of election to purchase had been given.

Appears in 1 contract

Sources: Lease Agreement (Elecsys Corp)

Effect of Failure to Complete Purchase. If, for any reasonreason whatsoever, the purchase by the Tenant of the portion of the real property described in the said notice is not effected on the specified date, this Project Lease shall be and remain in full force and effect according to its terms the same as though thought no notice of election to purchase had been given.

Appears in 1 contract

Sources: Master Lease Agreement

Effect of Failure to Complete Purchase. If, It for any reasonreason whatsoever, the purchase by the Tenant of the portion of the real property described in the said notice is not effected on the specified date, this Project Lease shall be and remain in full force and effect according to its terms the same as though no notice of election to purchase had been given.

Appears in 1 contract

Sources: Lease (Lmi Aerospace Inc)