Optionee Unaffected Sample Clauses

Optionee Unaffected. Nothing contained in this Lease or in any other Operative Agreement shall prohibit CERTIFIED GROCERS OF CALIFORNIA, LTD., a California corporation ("Optionee") from exercising its option to sublease or repurchase the Commerce -------- Distribution Center pursuant to Article 1.1.2 and Article 1.1.3 of the Option and Right of First Refusal Agreement, dated May 19, 1998, by and between Optionee and Lessee (the "Commerce Option"). In order to facilitate the Commerce --------------- Option, Lessor hereby agrees that, notwithstanding anything to the contrary set forth in Article XX, Lessee shall have the right to deliver an Election Notice ---------- pursuant to which Lessee exercises its Purchase Option with respect to all of the Properties but, with respect to the Commerce Distribution Center, Lessee may direct the Lessor to deliver the transfer documents described in the second paragraph of Section 20.2 above to the Optionee rather than to Lessee and to ------------ accept payment of the Termination Value with respect to the Commerce Distribution Center from Optionee on behalf of Lessee; provided that Lessee -------- shall comply fully with all of the terms and conditions set forth in this Lease with respect to delivery of an Election Notice and the exercise of its Purchase Option and provided, further, that Lessee shall remain liable for all of the -------- ------- payments required under Section 20.2 including, without limitation, payment of ------------ the Termination Value for the Commerce Distribution Center.
Sample 1
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Related to Optionee Unaffected

  • Existing rights unaffected No Creditor Party shall be obliged to exercise any of its rights under Clause 25.1; and those rights shall be without prejudice and in addition to any right of set-off, combination of accounts, charge, lien or other right or remedy to which a Creditor Party is entitled (whether under the general law or any document).

  • Obligations Unaffected Any invalidity, illegality or irregularity of a Lease or Leased Vehicle in the 2023-A Reference Pool will not affect the Depositor's obligations under this Agreement.

  • Other Provisions Unaffected Except as expressly amended hereby, the Second Restated Partnership Agreement shall remain in full force and effect in accordance with its terms.

  • Credit Agreement Unaffected Each reference to the Credit Agreement or in any other Loan Document shall hereafter be construed as a reference to the Credit Agreement as amended hereby. Except as herein otherwise specifically provided, all provisions of the Credit Agreement shall remain in full force and effect and be unaffected hereby. This Amendment is a Loan Document.

  • Borrower’s obligations unaffected The provisions of this Clause 18 do not affect:

  • Creditor Party rights unaffected Nothing in this Clause 30 shall exclude or limit any right which any Creditor Party may have (whether under the law of any country, an international convention or otherwise) with regard to the bringing of proceedings, the service of process, the recognition or enforcement of a judgment or any similar or related matter in any jurisdiction.

  • Termination Rights This Agreement may be terminated at any time prior to the Closing:

  • Effect of Expiration and Termination Expiration or termination of this Agreement shall not relieve the parties of any obligation accruing prior to such expiration or termination. The provisions of Articles 2, 5, 8, and Sections 3.8.1, 3.12, 7.4 and 9.11 shall survive the expiration or termination of this Agreement.

  • Effect of Partial Terminations Upon the earlier to occur of (a) the assignment of any Serviced Appointment to the Purchasers or the effectiveness of the appointment of another person as the Appointed Trustee under the terms of the Serviced Corporate Trust Contract related to such Serviced Appointment, or (b) the termination in accordance with its terms of any Serviced Corporate Trust Contract and the resulting termination of the Sellers’ duties as Appointed Trustee thereunder, the Purchasers’ duties and obligations hereunder with respect to such Serviced Appointment shall terminate; provided, however, that nothing in this Section 7.2.3 shall affect the Purchasers’ or Sellers’ obligations under Article 8 with respect to any such Serviced Corporate Trust Contract or Serviced Appointment.

  • Treatment of Expired Options and Unexercised Convertible Securities If, in any case, the total number of shares of Common Stock issuable upon exercise of any Option or upon conversion or exchange of any Convertible Securities is not, in fact, issued and the rights to exercise such Option or to convert or exchange such Convertible Securities shall have expired or terminated, the Exercise Price then in effect will be readjusted to the Exercise Price which would have been in effect at the time of such expiration or termination had such Option or Convertible Securities, to the extent outstanding immediately prior to such expiration or termination (other than in respect of the actual number of shares of Common Stock issued upon exercise or conversion thereof), never been issued.

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