Purchase or Substitution Sample Clauses

Purchase or Substitution. In the event Lessor accepts any offer by ------------------------ Lessee to purchase the Leased Property or to substitute a property or properties for the Leased Property, this Lease shall terminate upon payment of the purchase price and execution and delivery of all appropriate documentation, in accordance with Article 17, or execution and delivery of all documents required in connection with a Substitute Property under Article 20.

Purchase or Substitution. 23 13.9 Waiver................................................................................... 23

Purchase or Substitution. In the event that Tenant has not caused a particular Project to comply with ADA within thirty-six (36) months after the date of this Lease (subject to Force Majeure), Tenant shall, if requested by Landlord, be obligated to make either a Rejectable Offer or a Rejectable Substitution Offer with respect to such Project. Such offer shall be made in accordance with the provisions of Section 3.3(a) (except that the certificate shall describe the reason for non-compliance with ADA), and Tenant shall be obligated to thereafter comply with the applicable provisions of Sections 3.4, 3.5 and 3.6 in connection therewith, including, without limitation, the payment of the purchase price, Basic Rent, Additional Rent and other amounts set forth therein. Without limiting the provisions of such Sections 3.4, 3.5 and 3.6 and without limiting the other amounts payable under said Sections, Tenant shall be obligated to pay the Make-Whole Premium in connection with a Rejectable Offer. Landlord shall be entitled to enforce the obligation under this Section 9.2 by an action for specific performance and other appropriate remedies.

Purchase or Substitution. Required Upon Breach of Certain Representations and Warranties..................................................

Purchase or Substitution of Mortgage Loans by the Seller, a Servicer or Saxon

Purchase or Substitution. 23 13.9 Waiver ............................................23 ARTICLE 14 CONDEMNATION ...............................................23 14.1 Parties' Rights and Obligations ...................23 14.2

Purchase or Substitution. (a) Pursuant to the Master Participation Agreement and the limitations set forth below, the Transferor will have the right but not the obligation to purchase any Collateral ​ Obligations or substitute for, any of the following Collateral Obligations transferred to the Issuer by the Transferor: (i) Collateral Obligation that becomes a Defaulted Obligation; (ii) Collateral Obligation that has a Material Covenant Default; (iii) Collateral Obligation that becomes subject to a proposed Specified Amendment; or (iv) Collateral Obligation that becomes a Credit Risk Obligation (each of the above, a “Substitution Event”). (b) At all times, (i) the Aggregate Principal Balance of all Collateral Obligations that are substituted Collateral Obligations (each such Collateral Obligation purchased at the direction of the Transferor, a “Substitute Collateral Obligation”) owned by the Issuer at any time since the Closing Date plus (ii) the Aggregate Principal Balance related to all Collateral Obligations that have been purchased by the Transferor pursuant to its right of optional purchase or substitution since the Closing Date and not subsequently applied to purchase a Substitute Collateral Obligation may not exceed an amount equal to 20% of the Net Purchased Loan Balance in the aggregate; provided that clause (ii) above shall not include (A) the principal balance related to any Collateral Obligation that is purchased by the Transferor in connection with a proposed Specified Amendment to such Collateral Obligation so long as (x) the Transferor determines that such purchase is, in its commercially reasonable business judgment, necessary or advisable in connection with the restructuring of such Collateral Obligation and such restructuring is expected to result in a Specified Amendment to such Collateral Obligation and (y) the Investment Manager determines that the Investment Manager either would not be permitted to or would not elect to enter into such Specified Amendment pursuant to the Standard of Care or any provisions of this Indenture or the Investment Management Agreement or (B) the purchase price of any Collateral Obligations or, for the avoidance of doubt, any Equity Securities sold by the Issuer to the Transferor pursuant to Section 12.1. The foregoing provisions in this paragraph are the “Repurchase and Substitution Limit”. (c) The substitution of any Substitute Collateral Obligation will be subject to the satisfaction of the “Substitute Collateral Obligations Qualifi...

Purchase or Substitution. In the event Lessor accepts any offer by -------------------------- Lessee to purchase the affected Facility or to substitute a property or properties for the affected Facility, this Lease as to the affected Facility shall terminate upon payment of the purchase price and execution and delivery of all documentation in accordance with Article 17, or execution and delivery of all documents required in connection with a Substitute Property under Article 20. Lessor shall remit to Lessee, or in the case of a purchase allow Lessee a credit toward the purchase price, in an amount equal to all insurance proceeds being held in trust by Lessor.

Purchase or Substitution. Required Upon Breach of Certain Representations and Warranties............................................................. 10 3.04 Requirements for Repurchase or Substitution of Lease Receivables and Acquisition of Additional or Substitute Lease Receivables................................................................................ 10