Group 4 Facility definition
Examples of Group 4 Facility in a sentence
For purposes of Section 16.5 of the Master Lease, the amount required to be paid by Lessee upon any exercise of Lessor's rights to require Lessee to purchase a Group 4 Facility following a Put Event pursuant to such Section shall be equal to the applicable Group 4 Facility Put Event Price for such Facility, plus, in any event, all Rent then due and payable (excluding the installment of Minimum Rent due on the purchase date) under the Master Lease, as hereby amended, with respect to such Group 4 Facility.
The phrases "Group 3 Facilities" and "Group 3 Facility" appearing a number of times in Section 9.3 of the Master Lease is hereby amended to read "Group 3 Facilities and Group 4 Facilities" and "Group 3 Facility or Group 4 Facility," respectively, in each instance.
For purposes of Section 14.2.1 and 14.2.2 of the Master Lease, the purchase price as provided therein with respect to any Group 4 Facility shall be the applicable Group 4 Facility Purchase Price for such Facility immediately prior to such damage or destruction.
The phrases "Group 3 Facilities, Group 4 Facilities and Group 5 Facilities" and "Group 3 Facility, Group 4 Facility or Group 5 Facility" appearing a number of times in Section 9.3 of the Original Master Lease (as amended by the First Amendment and the Second Amendment) are hereby amended to read "Group 3 Facilities, Group 4 Facilities, Group 5 Facilities and Chestnut Hill Facility" and "Group 3 Facility, Group 4 Facility, Group 5 Facility or Chestnut Hill Facility," respectively, in each instance.
Provided no Event of Default has occurred and is continuing hereunder, Lessee shall have the option to purchase the Leased Property of all (but not less than all) of the Group 3 Facilities and Group 4 Facilities upon the expiration of the tenth (10th) Lease Year of the Group 4 Facilities, for an amount equal to the sum of the Group 3 Facility Purchase Price for all of the Group 3 Facilities and the Group 4 Facility Purchase Price for all of the Group 4 Facilities.
For purposes of Section 15.1.4 of the Master Lease, Lessor shall be entitled to receive from any Award relating to any Group 4 Facility, subject to the rights of Facility Mortgages, no less than the applicable Group 4 Facility Purchase Price for such Group 4 Facility immediately prior to the institution of the Condemnation.
The phrases "Group 3 Facilities and Group 4 Facilities" and "Group 3 Facility or Group 4 Facility" appearing a number of times in Section 9.3 of the Original Master Lease (as amended by the First Amendment) is hereby amended to read "Group 3 Facilities, Group 4 Facilities and Group 5 Facilities" and "Group 3 Facility, Group 4 Facility or Group 5 Facility," respectively, in each instance.