Common use of Notice from the Lessee Clause in Contracts

Notice from the Lessee. The Lessee shall give the Lessor, the Owner Participant and the Indenture Trustee not more than 180 days nor less than 90 days prior written notice of its election to purchase pursuant to Section 4.02(a)(D) or 4.02(a)(E) of the Lease. Such notice shall either direct the Lessor to prepay the Certificates in full on such Termination Date pursuant to Section 6.02 of the Indenture or state that the Lessee shall exercise its option to assume the Certificates pursuant to Section 7.11 of the Participation Agreement and Section 2.12

Appears in 2 contracts

Samples: Lease Agreement (Federal Express Corp), Lease Agreement (Federal Express Corp)

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Notice from the Lessee. The Lessee shall give the Lessor, the Owner Participant and the Indenture Trustee not more than 180 360 days nor less than 90 days prior written notice of its election to purchase pursuant to Section 4.02(a)(D) or 4.02(a)(E) of the Lease. Such notice shall either direct the Lessor to prepay the Certificates in full on such Termination Date pursuant to Section 6.02 of the Indenture or state that the Lessee shall exercise its option to assume the Certificates pursuant to Section 7.11 of the Participation Agreement and Section 2.12

Appears in 2 contracts

Samples: Lease Agreement (Federal Express Corp), Lease Agreement (Federal Express Corp)

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Notice from the Lessee. The Lessee shall give the Lessor, the Owner Participant and the Indenture Trustee not more than 180 days nor less than 90 30 days prior written notice of its election to purchase pursuant to Section 4.02(a)(D) or 4.02(a)(E) of the Lease. Such notice shall either direct the Lessor to prepay the Certificates in full on such Termination Date pursuant to Section 6.02 of the Indenture or state that the Lessee shall exercise its option to assume the Certificates pursuant to Section 7.11 of the Participation Agreement and Section 2.12

Appears in 1 contract

Samples: Lease Agreement (Federal Express Corp)

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