Common use of Facility Leases Clause in Contracts

Facility Leases. Concurrently with the Closing, the applicable Sellers and CTTBuyer (or another Subsidiary of PSABuyer designated by Buyer in writing to Sellers prior to Closing) shall enter into mutually agreeable leases or subleases for the Owned Real Property or leased real property, as applicable, identified on Schedule 6.16, each with the applicable material terms set forth in Schedule 6.16.

Facility Leases. Concurrently with the Closing, the applicable Sellers and CTTBuyer CTT (or another Subsidiary of PSABuyer PSA designated by Buyer in writing to Sellers prior to Closing) shall enter into mutually agreeable leases or subleases for the Owned Real Property or leased real property, as applicable, identified on Schedule 6.16, each with the applicable material terms set forth in Schedule 6.16.