Common use of Return of the Undivided Interest Clause in Contracts

Return of the Undivided Interest. On the Lease Termination Date, the Lessee will (1) surrender possession of the Undivided Interest and the Real Property Interest to the Lessor (or to a Person specified by the Lessor to the Lessee in writing not less than 6 months prior to the Lease Termination Date) (i) with full rights as a Transferee" and the sole "Participant" with respect to the Undivided Interest and the Real Property Interest within the meaning of Section 15.10 of the ANPP Participation Agreement and (ii) without a P▇▇▇▇-▇▇▇▇▇▇▇▇ Event (as hereinafter defined) having arisen prior to, or arising upon, or immediately following, such surrender and (2) furnish to the -9-

Appears in 2 contracts

Sources: Facility Lease (Public Service Co of New Mexico), Facility Lease (Public Service Co of New Mexico)