Effect of Failure to Complete Purchase. If, for any reason, the purchase of the Project by the Tenant pursuant to valid notice of election to purchase is not effected on the Release Date, this Project Lease shall be and remain in full force and effect according to its terms as if no notice of election under Section 17.1 had been given. The Issuer and Tenant agree to use all commercially reasonable efforts to effect the assignment and release as soon as possible.
Appears in 4 contracts
Samples: Project Lease, Project Lease, Project Lease
Effect of Failure to Complete Purchase. If, for any reasonreason whatsoever, the purchase of the Project by the Tenant pursuant to valid notice of election to purchase given as aforesaid is not effected on the Release Closing Date, this Project Lease shall be and remain in full force and effect according to its terms the same as if though no notice of election under Section 17.1 to purchase had been given. The Issuer and Tenant agree to use all commercially reasonable efforts to effect the assignment and release as soon as possible., except that:
Appears in 2 contracts
Samples: Lease (Federal Home Loan Bank of Topeka), Collins Industries Inc
Effect of Failure to Complete Purchase. If, for any reasonreason whatsoever, the purchase of the Project by the Tenant pursuant to valid notice of election to purchase given as aforesaid is not effected on the Release Project Closing Date, this Project Lease shall be and remain in full force and effect according to its terms the same as if though no notice of election under Section 17.1 to purchase had been given. The Issuer and Tenant agree to use all commercially reasonable efforts to effect the assignment and release as soon as possible., except that:
Appears in 1 contract
Samples: Capital Lease Funding Inc
Effect of Failure to Complete Purchase. If, for any reasonreason whatsoever, the purchase of the Project by the Tenant pursuant to valid notice of election to purchase given as aforesaid is not effected on the Release Closing Date, this Project the Lease shall be and remain in full force and effect according to its terms the same as if though no notice of election under Section 17.1 to purchase had been given. The Issuer and Tenant agree to use all commercially reasonable efforts to effect the assignment and release as soon as possible., except that:
Appears in 1 contract
Samples: Supplemental Lease Agreement (Royal Caribbean Cruises LTD)
