Required Purchase. So long as the Lessor has not exercised any other remedy inconsistent therewith, the Lessee shall be obligated to purchase the Leased Property for the Break Even Price automatically and without notice upon the occurrence of any Event of Default described in clauses (h) or (i) of Article XVII and upon receipt of the Break Even Price the Leased Property shall be transferred to the Lessee (or its designee) pursuant to Section 23.11.
Required Purchase. So long as Agent or Lessor has not exercised any other remedy inconsistent therewith, Lessee shall be obligated to purchase all of the Items of Equipment for the Purchase Amount automatically and without notice upon the occurrence of any Lease Event of Default described in clause (e)(vi) or (f) of Section 12.1 and, within five (5) Business Days after notice from Agent or Lessor, upon the occurrence of any other Lease Event of Default, and upon receipt of the Purchase Amount, the Items of Equipment shall be transferred to Lessee as set forth in the last sentence of the first paragraph of Section 14.1(a).
Required Purchase. So long as the Lessor has not exercised any other remedy inconsistent therewith, the Lessee shall be obligated to purchase the Leased Property for the Purchase Amount automatically and without notice upon the occurrence of any Event of Default described in clause (e) of Article XVII and, upon receipt of the Purchase Amount, the Leased Property shall be transferred to the Lessee BUSINESS.29631318.9 (or its designee) pursuant to Section 23.11 whereupon this Lease shall terminate except for such provisions which expressly survive such a termination.
Required Purchase. Lessee shall be obligated to purchase for the Purchase Amount all of Lessor's interest in the Leased Property: (a) automatically and without notice upon the occurrence of any Lease Event of Default specified in CLAUSES(g) or (h) of ARTICLE XVI, or (b) immediately upon written demand of Lessor upon: (i) the occurrence of any other Lease Event of Default pursuant to and for the amount described in SECTION 17.1(d), or (ii) any Significant Condemnation or Significant Casualty occurs with respect to the Leased Property.
Required Purchase. Provided that Lessor has not exercised any other remedy inconsistent therewith, Lessee shall be obligated to purchase Lessor's interest in the Premises for the Purchase Amount (a) automatically and without notice upon the occurrence of any Lease Event of Default arising as a result of an Insolvency Event, (b) immediately upon the written demand of Lessor upon the occurrence of any other Lease Event of Default.
Required Purchase. In the event Director ceases to act as a director for any reason, any Options which have not vested are automatically terminated. Any Option shares which have vested may be purchased through exercise of the Option by Director according to the terms of the 1992 Plan. Option Shares which have not vested shall not be considered to be "Options" until they are vested for purposes of the 1992 Plan.
Required Purchase. The City shall purchase a particular area within the Two-Mile Area before the City commences construction of any water system to provide water for the benefit of such area. Before the City lets bids for such construction, the City shall give prior notice that it will purchase such area from Water District. Such notice shall conform to and constitute the notice described in Section 4 of this Agreement and the purchase shall thereafter be completed in the manner described in Section 4. If the City fails to give the foregoing notice, then Water District may at any time either give the notice provided in Section 4 and consummate the purchase in accordance with Section 4 or enjoin the City from continuing such construction until it has purchased the subject area.
Required Purchase. Unless otherwise prohibited by law, the only purchases required to obtain and maintain an Ambassador are Annual Membership/Replicated Website/Web Hosting Fee. Product purchases are optional.
Required Purchase. 1. In the case of a cross‐purchase type buy‐sell agreement, it may be appropriate to require that shareholders obtain and maintain life insurance of a particular amount on the life of each of the other shareholders.
Required Purchase. To the extent Bakex xxxeives from any Moorx x Xarticipation Notice, Bakex xxxll be required to purchase from such Moorx xxxt number of Shares held by such Moorx xxxermined in accordance with the following formula: A=(B-C)xD For purposes of this Formula: A= the number of Shares to be purchased from the Moorx xxxch delivered the Exercise Notice. B= 100 in the case of the first Upstream Trigger to occur after the date of this Agreement. For each Upstream Trigger thereafter, "B" shall equal the percentage of the Base Number of the shares of Common Stock held, directly or indirectly, by Bakex xxxediately prior to such Upstream Trigger.
