Common use of Purchase or Substitution Clause in Contracts

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 documentation in accordance with Article XVII, or execution and delivery of all documents required in connection with a Substitute Property under Article XX. Lessor shall remit to Lessee, or in the case of a purchase allow Lessee a credit toward the purchase price, an amount equal to all insurance proceeds being held in trust by Lessor.

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, Property this Lease and Lease obligations shall terminate upon payment of the purchase price and execution and delivery of all appropriate documentation in accordance with Article XVII, or execution and delivery of all documents required in connection with a Substitute Property under Article XX. Lessor shall remit to Lessee, or in the case of a purchase allow Lessee a credit toward the purchase price, an amount equal to all insurance proceeds being held in trust by Lessor.

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 documentation in accordance with Article XVII17, or execution and delivery of all documents required in connection with a Substitute Property under Article XX20. Lessor shall remit to Lessee, or in the case of a purchase allow Lessee a credit toward the purchase price, an amount equal to all insurance proceeds being held in trust by Lessor.

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 XVII, or execution and delivery of all documents required in connection with a Substitute Property under Article XX. Lessor shall remit to Lessee, or in the case of a purchase allow Lessee a credit toward the purchase price, an amount equal to all insurance proceeds being held in trust by Lessor.

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 documentation in accordance with Article XVII17, or execution and delivery of all documents required in connection with a Substitute Property under Article XX20. 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. 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 XVII17, or execution and delivery of all documents required in connection with a Substitute Property under Article XX20. Lessor shall remit to Lessee, or in the case of a purchase allow Lessee a credit toward the purchase price, an amount equal to all insurance proceeds being held in trust by Lessor.ARTTCLF 15 DEFAULT 15.1

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 XVII17, or execution and delivery of all documents required in connection with a Substitute Property under Article XX. Lessor shall remit to Lessee, or in the case of a purchase allow Lessee a credit toward the purchase price, an amount equal to all insurance proceeds being held in trust by Lessor20.

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 XVII, or execution and delivery of all documents required in connection with a Substitute Property under Article XX. Lessor shall remit to Lessee, or in the case of a purchase allow Lessee a credit toward the purchase price, an amount equal to all insurance proceeds being held in trust by Lessor.