Common use of Transaction Characterization Clause in Contracts

Transaction Characterization. The parties intend that (i) all components of the Transaction shall be considered a single integrated transaction and shall not be severable; and (ii) the Lease shall constitute a lease of the Properties and a unitary, unseverable instrument pertaining to the Properties.

Transaction Characterization. (a) The parties intend that (i) all components of the Transaction shall be considered a single integrated transaction and shall not be severable; and (ii) the Lease Agreement shall constitute a single master lease of all, but not less than all, of the Properties and Properties, the Lease Agreement shall be a unitary, unseverable instrument pertaining to all, but not less than all, of the Properties, and none of the Lease Agreement or Lessee’s rights, obligations or duties may be divided or otherwise allocated by Lessee among the Properties.

Transaction Characterization. (a) The parties intend that (i) all components of the Transaction shall be considered a single integrated transaction and shall not be severable; and (ii) the Lease shall constitute a lease of all, but not less than all, of the Properties and a unitary, unseverable instrument pertaining to the PropertiesProperty.

Transaction Characterization. (a) The parties intend that (i) all components of the Transaction shall be considered a single integrated transaction and shall not be severable; and (ii) the Lease Agreement shall constitute a lease of the Properties Property and a unitary, unseverable instrument pertaining to the PropertiesProperty.

Transaction Characterization. (a) The parties intend that (i) all components of the Transaction shall be considered a single integrated transaction and shall not be severable; and (ii) the Lease Agreement shall constitute a lease of the Properties Property and the Lease Agreement shall be a unitary, unseverable instrument pertaining to the PropertiesProperty.