Certain Obligations Continue. During the period following Lessee’s exercise of the Sale Option and until and including the Lease Expiration Date, the obligation of the Lessee under the Lease, including, without limitation, the obligation of Lessee to pay Rent with respect to the Items of Equipment (including the installment of Rent due on the Lease Expiration Date), shall continue undiminished. The Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of the Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XV.
Appears in 2 contracts
Samples: Lease and Security Agreement (Lsi Logic Corp), Lease and Security Agreement (Lsi Logic Corp)
Certain Obligations Continue. During the period following Lessee’s 's exercise of the Sale Option and until and including the Lease Expiration Date, the obligation of the Lessee under the Lease, including, without limitation, the obligation of Lessee to pay Rent with respect to the Items of Equipment (including the installment of Rent due on the Lease Expiration Date), ) shall continue undiminished. The Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of the Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XV.
Appears in 2 contracts
Samples: Lease and Security Agreement (Lsi Logic Corp), Lease and Security Agreement (Lsi Logic Corp)
Certain Obligations Continue. During the period following LesseeXxxxxx’s exercise of the Sale Option and until and including the Lease Expiration Date, the obligation of the Lessee under the Lease, including, without limitation, the obligation of Lessee to pay Rent with respect to the Items of Equipment Leased Property (including the installment of Rent due on the Lease Expiration Date), ) shall continue undiminished. The Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of the Lessee Xxxxxx to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XVXX.
Appears in 2 contracts
Samples: Debt and Security Agreement, Corning Inc /Ny
Certain Obligations Continue. During the period following Lessee’s 's exercise of the Sale Option and until and including the Lease Expiration Date, the obligation of the Lessee under the Lease, including, without limitation, the obligation of Lessee to pay Rent with respect to the Items of Equipment Leased Property (including the installment of Rent due on the Lease Expiration Date), ) shall continue undiminished. The Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of the Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XVXX.
Appears in 2 contracts
Samples: Lease (Kansas City Power & Light Co), Kansas City Power & Light Co
Certain Obligations Continue. During the period following Lessee’s exercise of the Sale Option and until up to and including the Lease Expiration Date, the obligation of the Lessee under the Leasehereunder, including, without limitation, including the obligation of Lessee to pay Rent with respect to the Items of Equipment Leased Property (including the installment of Rent due on the Lease Expiration Date), shall continue undiminished. The Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of the Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XVXX.
Appears in 2 contracts
Samples: Trust and Security Agreement (Silicon Laboratories Inc), Trust and Security Agreement (Silicon Laboratories Inc)
Certain Obligations Continue. During the period following Lessee’s exercise of the Sale Option and until and including the Lease Expiration Date, the obligation of the Lessee under the Lease, including, without limitation, the obligation of Lessee to pay Rent with respect to the Items of Equipment Leased Property (including the installment of Rent due on the Lease Expiration Date), ) shall continue undiminished. The Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of the Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XVXX. Section 20.3.
Appears in 1 contract
Samples: Debt and Security Agreement
Certain Obligations Continue. During the period following Lessee’s 's exercise of the Sale Option and until and including the Lease Expiration Date, the obligation of the Lessee under the Lease, including, without limitation, the obligation of Lessee to pay Rent with respect to the Items of Equipment (including the installment of Rent due on the Lease Expiration Date), ) shall continue undiminished. The Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of the Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XV12.
Appears in 1 contract
Certain Obligations Continue. During the period following Lessee’s 's exercise of the Sale Option and until and including the Lease Expiration Date, the obligation of the Lessee under the Lease, including, without limitationOption, the obligation of Lessee to pay Rent with respect to the Items of Equipment Premises (including the installment of Rent due on the Lease Expiration Date), Date for the Premises) shall continue undiminished. The Agent Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of the Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XVArtice XX.
Appears in 1 contract
Samples: Secures Future Advances (Adc Telecommunications Inc)
Certain Obligations Continue. During the period following Lessee’s exercise of the Sale Option and until and including the Lease Expiration Date, the obligation of the Lessee under the Lease, including, without limitation, the obligation of Lessee to pay Rent with respect to the Items of Equipment Leased Property (including the installment of Rent due on the Lease Expiration Date), ) shall continue undiminished. The Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of the Lessee to obtain bids or otherwise to take action in connection with any such sale, other than as expressly provided in this Article XVXX.
Appears in 1 contract
Samples: Debt and Security Agreement (Norfolk Southern Corp)