Lease of the Facility. The Agency hereby leases the Facility Personalty and subleases the Facility Realty to the Lessee, and the Lessee hereby leases the Facility Personalty and subleases the Facility Realty from the Agency, for and during the term herein and subject to the terms and conditions herein set forth. The Agency hereby delivers to the Lessee, and the Lessee hereby accepts sole and exclusive possession of the Facility. Simultaneously with its execution and delivery of this Agreement, the Lessee will execute and deliver the Sublease Agreement with the Sublessee.
Lease of the Facility. (a) The Agency hereby leases to the Lessee, and the Lessee hereby leases from the Agency, the Facility for and during the term herein and subject to the terms and conditions herein set forth. The Agency hereby delivers to the Lessee, and the Lessee hereby accepts, sole and exclusive possession of the Facility (it being understood by the parties hereto that delivery of possession to the Agency of the Facility as the same is acquired, constructed and renovated shall take no further act or deed by the parties hereto).
Lease of the Facility. The Head Lessor hereby leases the Facility to the Head Lessee, upon the terms and conditions set forth herein, for the term described below, and the Head Lessee hereby leases the Facility, upon the terms and conditions set forth herein, from the Head Lessor. The Head Lessor and the Head Lessee understand and agree that (a) legal title to the Facility remains vested in the Head Lessor throughout the Head Lease Term, (b) this Head Lease is subject to the Permitted Closing Date Liens set forth in Attachment B hereto and (c) this Head Lease is intended to be a lease of personal property under Tennessee law. The Head Lessor and the Head Lessee acknowledge and agree that (as of the date hereof) the Facility has not achieved Substantial Completion. The Head Lessor and Head Lessee further acknowledge and agree that title to 1 portions of the Facility which will be added to, or otherwise become a part of, the Facility after the Closing Date in accordance with the Construction Documents (at no additional cost to the Head Lessee and with no adjustment to Basic Lease Rent or Termination Value) shall remain in the Head Lessor and shall automatically and, without further act, become subject to this Head Lease and, so long as the Lien of the Lease Indenture shall not have been terminated or discharged, the Lien of the Lease Indenture, and shall be deemed part of the Facility for all purposes, including for purposes of this Head Lease. The Facility also includes an interest in (i) all Modifications which are incorporated in the Facility and which pursuant to Section 8.3 of the Facility Lease and Section 9 hereof become subject to this Head Lease and (ii) all Replacement Components which become part of the Facility pursuant to Section 7.2 of the Facility Lease and Section 10 hereof. SECTION 3.
Lease of the Facility. (a) The Agency hereby leases to the Company, and the Company hereby leases from the Agency, the Facility for and during the term herein and subject to the terms and conditions herein set forth. The Agency hereby delivers to the Company, and the Company hereby accepts, sole and exclusive possession of the Facility (it being understood by the parties hereto that delivery of possession to the Agency of the Facility as the same is acquired, constructed and renovated shall take no further act or deed by the parties hereto).
Lease of the Facility. The Agency hereby leases the Facility Personalty and sub-sub-subleases the Facility Realty to the Lessee, and the Lessee hereby leases the Facility Personalty and sub-sub-subleases the Facility Realty from the Agency, for and during the term herein and subject to the terms and conditions herein set forth. The Agency hereby delivers to the Lessee, and the Lessee hereby accepts sole and exclusive possession of the Facility. Notwithstanding the foregoing, during the term of this Agreement, the parties to this Agreement acknowledge that title to the Facility Realty shall remain solely with the Owner, and the Owner shall be the owner of the Facility Realty for federal income tax purposes and shall be solely entitled to all benefits arising from the ownership of the Facility Realty, including without limitation, all depreciation, amortization, tax credits, losses, income and gain, except for any benefits derived by the Lessee solely from the grant by the Agency of financial assistance for the Project to the Lessee in the form of PILOT Benefits. However, neither the Agency nor the Lessee represents or warrants any such title or ownership interest of the Owner, nor any benefits deriving therefrom.
Lease of the Facility. The Agency hereby leases to the Lessee, and the Lessee hereby leases from the Agency, the Facility for and during the term herein provided and upon and subject to the terms and conditions herein set forth. The Lessee shall at all times during the term of this Agreement occupy, use and operate the Facility as a manufacturing facility in accordance with the provisions of the Act and for the general purposes specified in the recitals to this Agreement. The Lessee shall not occupy, use or operate the Facility or allow the Facility or any part thereof to be occupied, used or operated for any unlawful purpose or in violation of any certificate of occupancy affecting the Facility or which may constitute a nuisance, public or private, or make void or voidable any insurance then in force with respect thereto.
Lease of the Facility. Lessor hereby leases the Diablo Canyon Power Plant, upon the terms and conditions set forth herein, to Lessee for the Lease Term, and Lessee hereby leases the Diablo Canyon Power Plant, upon the terms and conditions set forth herein, from Lessor.
Lease of the Facility. The Agency hereby leases to the Lessee and the Lessee hereby leases from the Agency the Facility, all for and during the term herein provided and upon and subject to the terms and conditions herein
Lease of the Facility. The Owner Lessor is leasing the Facility, upon the terms and conditions set forth in the Facility Lease, to the Facility Lessee for the term set forth below and, subject to the Facility Lessee's exercise of any of its renewal options, the renewal term or terms provided for in the Facility Lease; and the Facility Lessee is leasing the Facility upon such terms and conditions from the Owner Lessor.
Lease of the Facility. The Issuer shall (a) request promptly after any reasonable request to do so from any holder of a Note, a written estoppel certificate pursuant to Section 21.1(a) of the Facility Lease Agreements and upon receipt thereof provide a copy to each holder of Notes, and (b) provide to each holder of Notes a copy of any estoppel certificate promptly after any delivery thereof by the Issuer pursuant to Section 21.1(b) of the Facility Lease Agreements. In addition, the Issuer shall cause:
