Lessee's Right to Cure. Notwithstanding any provision contained in this Lease or any other Operative Agreement, if a Lease Event of Default has occurred and is continuing, Lessee shall have the right to cure such Lease Event of Default by exercising its Purchase Option at any time prior to such time as a foreclosure upon or sale of the Property has been completed.
Appears in 2 contracts
Samples: Lease (Wind River Systems Inc), McData Corp
Lessee's Right to Cure. Notwithstanding any provision contained in this ---------------------- the Lease or any other Operative Agreement, if a Lease Event of Default has occurred and is continuing, the Lessee shall have the right to cure such Lease Event of Default by exercising its Purchase Option at any time prior to such time as a foreclosure upon or sale of the Property has been completed.
Appears in 2 contracts
Samples: Participation Agreement (Vitesse Semiconductor Corp), Participation Agreement (Quantum Corp /De/)
Lessee's Right to Cure. Notwithstanding any provision contained in this the Lease or any other Operative Agreement, if a Lease Event of Default has occurred and is continuing, the Lessee shall have the right to cure such Lease Event of Default by exercising its Purchase Option at any time prior to the termination of the Lessee's possessory interest in the Property and the thirty (30) day period following the occurrence of a Lease Event of Default and purchasing the Property at any time prior to such time as a foreclosure upon or sale of the Property has been completed.
Appears in 1 contract
Samples: Master Lease (Peoplesoft Inc)
Lessee's Right to Cure. Notwithstanding any provision contained in this Lease or any other Operative Agreement, if a Lease an Event of Default has occurred and is continuing, Lessee shall have the right to cure such Lease Event of Default by exercising its Purchase Option at any time prior to such time as a foreclosure upon or sale of the Property has been completed.
Appears in 1 contract
Lessee's Right to Cure. Notwithstanding any provision contained in this Lease or any other Operative Agreement, if a Lease Event of Default has occurred and is continuing, Lessee shall have the right to cure such Lease Event of Default by exercising its Purchase Option with respect to all (but not less than all) of the Equipment at any time prior to such time as a foreclosure upon or sale of any of the Property Equipment has been completed.
Appears in 1 contract
Lessee's Right to Cure. Notwithstanding any provision contained in this the Lease or any other Operative Agreement, if a Lease Event of Default has occurred and is continuing, the Lessee shall have the right to cure such Lease Event of Default by exercising its Purchase Option at any time prior to such time as a foreclosure upon or sale of the Property has been completed.
Appears in 1 contract
Samples: Chase Industries Inc
Lessee's Right to Cure. Notwithstanding any provision contained in this Lease or any other Operative Agreement, if a Lease an Event of Default has occurred and is continuing, Lessee shall have the right to cure such Lease Event of Default by exercising its Purchase Option at any time prior to such time as a foreclosure upon or sale of the any Property has been completed.
Appears in 1 contract
Samples: Master Lease (Symantec Corp)