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HomeMy WebLinkAbout1467 . , . s . . ~ . j . . . . ~ , ; . ~ , i' ~ , . . OE EU RE~:~rn~; ~~~1423 f~,t.E ~~~ii;~~4 ira~c i~5~ . . ~ Parapap6s la, 19 . ~ ~ ~ Paragraph 18 and sueh other instrumeuts of further as5ur~uce in that f ! ' conneetion as ma~ be reasonably requested by the Company. ` , I9. COMPANY~S OPTIONS TO PIIRCHABI~ OB TE$MINATg. i (a) Op~ions. At any time or from time to time dnring the Lease f ~ Term, the Company shall have the following options to pnrahase, and i Properties agrees ta sell, any one or more of the Leased Parcels (in- clnding all rights~ of Properties and the Trnatee in and to the proceeds attributable to any casnalty or condemnation affecting snch Lesaed Parcels) as followa: ~ (i) The Company shall have the option to pnreLase for caeh any one or more of the Leased Parcels at a pnrchase price which shall be eqnal to the amonnt aufficient to prepay the Notee Allocable (as hereinafter defined) to snch Leased Parcel or Parcels in accord- ance with the provisiona of the Indentnre (inclnding, withont limit- ing the generality of the foregoing, Section ?05 thereof on the ! Note Payment Date neat following the closing of snch purchase ; hereinaftsr provided for on which prepayment may be effected, plus ; applicable preminm, if any, on the Notes ~ilocable thereto, and the ! amonnt of interest due and to become due on the Notea Allocable ~ thereto on or prior to snch prepayment plne interest, to the eatent ~ permitted by applicable law, at the respective rate or rates provided ~ . in the Indentnre, on all overdne principal, interest and premium (if ~ any) on the Notes Allocable thereto; provided, however, that the ~ Company shall be entitled to credit against such parchase price.the amonnt then held by the Trnatee in the Debt Service ~nd, and ~ available at the time of the aforesaid closing for credit againat snch price. (ii) The Company ahall have the option to purchase any one ~ or more of the Leased Parcels for a consideration consisting of the ~ delivery to the Trustee, on or prior to the dats of the closing oi ~ such pnrchase hereinafter provided ior, of a promisaory note or ~ notes of Continental, complying with the provisions of Paragraph ~ 3(e), in that aggregate principal amonnt which, after dedncting therefrom the mandatory prepayment reqnired to be made in ~ reapect of such principal amount prior to the Note Payment Date , ~ negt following the closing of snch pnrchase, will be eqnal to the ~ nnpaid principal amount of the Notes Allocable to snch Leased ~ ~ ' Parcel or Parcels, and the opinion of connsel addressed to the ~ Trnstee with respect to snch promissory note or notes provided for ' in Paragraph 3(e) and stating that such promisaory note or notea ~ comply with the provisions of this Paragraph 19(a). 8 Ev:.r ~ c~iut r ~ ~ ~ ~ ;~~~~'t ~t,•• .