Common use of Credit Bids Clause in Contracts

Credit Bids. At any Foreclosure Sale, any Person, including any Lessor Party, may bid for and acquire the Property or any part of it to the extent permitted by then applicable Governmental Rules. Instead of paying cash for that property, Lessor may settle for the purchase price by crediting the sales price of the Property against the Lessee Obligations in any order and proportions as Lessor in its sole discretion may choose.

Appears in 2 contracts

Samples: Lease Agreement (Kla Tencor Corp), Lease Agreement (Fair Isaac & Company Inc)

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Credit Bids. At any Foreclosure Sale, any Person, including the Lessor or any Lessor PartyParticipant, may bid for and acquire the Property or any part of it to the extent permitted by then applicable Governmental RulesApplicable Law. Instead of paying cash for that propertythe Property, the Lessor may settle for the purchase price by crediting the sales price of the Property against the Lessee Obligations in any order and proportions as the Lessor in its sole discretion may choose.

Appears in 2 contracts

Samples: Master Lease, Master Lease (Yahoo Inc)

Credit Bids. At any Foreclosure Sale, any Person, including the ----------- Lessor or any Lessor PartyParticipant, may bid for and acquire the Property or any part of it to the extent permitted by then applicable Governmental RulesApplicable Law. Instead of paying cash for that propertythe Property, the Lessor may settle for the purchase price by crediting the sales price of the Property against the Lessee Obligations in any order and proportions as the Lessor in its sole discretion may choose.

Appears in 2 contracts

Samples: Master Lease (Bea Systems Inc), Master Lease (Bea Systems Inc)

Credit Bids. At any Foreclosure Sale, any Person, ----------- including the Lessor or any Lessor PartyParticipant, may bid for and acquire the Property or any part of it to the extent permitted by then applicable Governmental RulesApplicable Law. Instead of paying cash for that propertythe Property, the Lessor may settle for the purchase price by crediting the sales price of the Property against the Lessee Obligations in any order and proportions as the Lessor in its sole discretion may choose.

Appears in 1 contract

Samples: Trust and Security Agreement (Asyst Technologies Inc /Ca/)

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Credit Bids. At any Foreclosure Sale, any Person, including any Lessor Party, may bid for and acquire the Property or any part of it to the extent permitted by then applicable Governmental Rules. Instead of paying cash for that propertythe Property, Lessor may settle for the purchase price by crediting the sales price of the Property against the Lessee Obligations in any order and proportions as Lessor in its sole discretion may choose.

Appears in 1 contract

Samples: Lease Agreement (Silicon Valley Group Inc)

Credit Bids. At any Foreclosure Sale, any Person, including any Lessor Party, may bid for and acquire the Property or any part of it to the extent permitted by then applicable Governmental Rules. Instead of paying cash for that property, Lessor may settle for the purchase price by crediting the sales price of the Property against the Lessee Obligations in any order and proportions as Lessor in its sole discretion may choose. 5.05.

Appears in 1 contract

Samples: Lease Agreement (Etec Systems Inc)

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