Common use of Retake Possession Clause in Contracts

Retake Possession. With or without terminating this Lease, the Trustee may retake possession of and the Lessee agrees to vacate the Facilities and the Trustee may, but is under no obligation to, lease or lease the Facilities for the account of the Lessee holding the Lessee liable for the difference between (i) the payment or other amounts payable by the Lessee hereunder to the end of the then current Renewal Term and (ii) the amounts paid by a lessee or sublessee, if any, of the Facilities pursuant to such lease. The Trustee may continue to lease the Facilities and apply any funds received for the account of the Bondholders as provided in the Indenture during the remainder of the term of the Ground Lease.

Appears in 2 contracts

Samples: Facilities Lease Agreement, Facilities Lease Agreement

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Retake Possession. With or without terminating this Lease, the Trustee may retake possession of and the Lessee agrees to vacate the Facilities Property and the Trustee may, but is under no obligation to, lease or lease the Facilities Property for the account of the Lessee holding the Lessee liable for the difference between (i) the payment or other amounts payable by the Lessee hereunder to the end of the then current Renewal Term and (ii) the amounts paid by a lessee or sublessee, if any, of the Facilities Property pursuant to such lease. The Trustee may continue to lease the Facilities Property and apply any funds received for the account of the Bondholders as provided in the Indenture during the remainder of the term of the Ground Land Lease.

Appears in 1 contract

Samples: Sublease Agreement

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Retake Possession. With or without terminating this Lease, the Trustee may retake possession of and the Lessee agrees to vacate the Facilities and the Trustee may, but is under no obligation to, lease or lease the Facilities for the account of the Lessee holding the Lessee liable for the difference between (i) the payment or other amounts payable by the Lessee hereunder to the end of the then current Renewal Term and (ii) the amounts paid by a lessee or sublessee, if any, of the Facilities pursuant to such lease. The Trustee may continue to lease the Facilities and apply any funds received for the account of the Bondholders as provided in the Indenture during the remainder of the term of the Ground Site Lease.

Appears in 1 contract

Samples: Facilities Lease Agreement

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