Common use of Event of Taking Clause in Contracts

Event of Taking. (a) If an Event of Taking shall occur, Lessee shall give Lessor and Administrative Agent prompt written notice of such occurrence and the date thereof, and Lessee shall purchase all of the Systems subject to the Lease Supplement affected thereby from Lessor on the next succeeding Payment Date after the date on which such Event of Taking shall have occurred at a purchase price equal to the sum of (i) the applicable Lease Supplement Balance plus (ii) ---- all accrued but unpaid Rent, plus (iii) all other sums due and payable by Lessee ---- to Lessor with respect to such Systems under any of the Operative Documents.