Required Purchase Sample Clauses

Required Purchase. So long as Agent or Lessor has not exercised any other remedy inconsistent therewith, Lessee shall be obligated to purchase all of the Items of Equipment for the Purchase Amount automatically and without notice upon the occurrence of any Lease Event of Default described in clause (e)(vi) or (f) of Section 12.1 and, within five (5) Business Days after notice from Agent or Lessor, upon the occurrence of any other Lease Event of Default, and upon receipt of the Purchase Amount, the Items of Equipment shall be transferred to Lessee as set forth in the last sentence of the first paragraph of Section 14.1(a).

Required Purchase. If, in the Lessor’s sole judgment, any item of Equipment is damaged or does not meet the standards set forth above, or if Lessee fails to discharge its obligations set forth above with regard to any item of Equipment, Lessee shall pay to Lessor, immediately upon demand, at Lessor’s election, (a) the amount which Lessor determines will be necessary to return the Equipment to its required condition and/or to replace missing, damaged or non- performing items or equipment, or (b) Payments due and to become due under the terms of the Lease, Taxes, fees and charges due and to become due under the terms of the Lease, plus the residual value as indicated in Lessor’s books and records associated with such item of Equipment.

Required Purchase. In the event Director ceases to act as a director for any reason, any Options which have not vested are automatically terminated. Any Option shares which have vested may be purchased through exercise of the Option by Director according to the terms of the 1992 Plan. Option Shares which have not vested shall not be considered to be "Options" until they are vested for purposes of the 1992 Plan.

Required Purchase. On or after the Base Term Commencement Date and so long as the Lessor has not exercised any other remedy inconsistent therewith, the Lessee shall be obligated to purchase the Leased Property for the Purchase Amount automatically and without notice upon the occurrence of any Event of Default described in clauses (h) or (i) of Article XVII and upon receipt of the Purchase Amount the Leased Property shall be transferred to the Lessee (or its designee) pursuant to Section 23.11 whereupon this Lease shall terminate except for such provisions which expressly survive such a termination.

Required Purchase. Provided that Lessor has not exercised any other remedy inconsistent therewith, Lessee shall be obligated to purchase Lessor's interest in the Premises for the Purchase Amount (a) automatically and without notice upon the occurrence of any Lease Event of Default arising as a result of an Insolvency Event, (b) immediately upon the written demand of Lessor upon the occurrence of any other Lease Event of Default.

Required Purchase. Lessee shall be obligated to purchase for the Purchase Amount all of Lessor's interest in the Leased Property (a) automatically and without notice upon the occurrence of any Lease Event of Default specified in clauses(h) or (i) of Article XVI, or (b) immediately upon written demand of Lessor upon the occurrence of any other Lease Event of Default pursuant to and for the amount described in Section 17.1(d).

Required Purchase. So long as Lessor has not exercised any other remedy inconsistent therewith, Lessee shall be obligated to purchase all of the Items of Equipment for the Purchase Amount automatically and without notice upon the occurrence of any Lease Event of Default described in clause (e)(vi) or (f) of Section 9.1 and, within five (5) Business Days after notice from Lessor, upon the occurrence of any other Lease Event of Default, and upon receipt of the Purchase Amount, the Items of Equipment shall be transferred to Lessee pursuant Section 11.1.

Required Purchase. Provided that Lessor has not exercised any other remedy inconsistent therewith, Lessee shall be obligated to purchase the Aircraft then subject to this Lease for the Purchase Amount (a) automatically and without notice upon the occurrence and during the continuation of any Lease Event of Default arising as a result of an Insolvency Event and (b) immediately upon written demand of Lessor upon the occurrence and during the continuation of any other Lease Event of Default. Upon payment to the Lessor of the Purchase Amount, Lessor shall transfer its right, title and interest in such Aircraft to the Lessee pursuant to Section 23.2 hereof.

Required Purchase. Client may be required to purchase from Host other equipment, accessories, software, or hardware, such as power cords (“Required Purchase”), to ensure compliance with the technical and fire safety norms at the Hosting Facility. Client shall be notified about and approve of any Required Purchase in advance. If Client does not approve of a Required Purchase within 2 days of being notified of such Required Purchase, Host may either (i) proceed with most cost-effective option, and Client agrees to pay any associated fees in connection therewith or (ii) terminate the Agreement and have the Client Server returned to Client at Client’s expense and the Agreement would be deemed terminated with Client owing the Termination Fee (as set forth above).