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HomeMy WebLinkAbout1469 . r _ ~ - ' . , r i ~ ~ . i . : . 4 ~ E ~ - . ,t:,; . oEEU REcnros ~~t~2;~4 ~r,~~~~ vG~~423 faGE ~~v ? . ; Pansraph 19 . . ~ ehall be deposited in the Debt Service ~nd), all of its interest in the ~ Lensed Parcels which the Company has elected to pnrchase, and Prop- erties and the Trustee shall promptly take such ateps as may be neces- ' sary to cause the lien of tLe Indentnre, insofar as it covers or affects the title to snch Leasecl Parcelc, to be discharged; Provided, however, that, i without limitiug the Company's obligations pnrsnant to Paragraph ~ 8(a) (iv) arising in the circumstances described in the penultimate ~ sentence of Section 707 of the Indenture, the Companp shall not be ; . reqnired to accept conveyauce of Properties' i~iterest in any or all of s such Leased Parcels at the closing and makc payment of the con- - sideration therefor if in its sole discretion it elects not to do so, in f which event the Company shall pay all of the costs and egpenses of ~ _ Properties and tLe Trustee in connection therewith. Conveyance of : t ' title to that portion of su~h Leased Parcels constituting real property f ; sh~ll be macie b~~ a deed complying ~vith the provisions of Paragrapli 20 ~ ~ and conveyance of title to that portion, if anp, of snch Leased Parce]s _ ~ ~ constitiitina personAl propert~ (inclnding all rights of Properties and ' ~ the Trustee in t~nd to the proceeds attribntable to any casnalty or con- ~ i ~len~nation affceting such I.eased Parcels) shall be made by bill of salc• ; ~ and assignment complying ~cith the provisions of Paragraph 20. Thc ~ Company (or such designee or designees) shall take title to such Leasecl Pareels subject to such la~c~, ordinances, rales or regnlations as shall ~ ~ be binding. n~wn it, and ~Il ~ iolations thereof, ~and the Company shall ; bear all of the costs ~nd e~cpenses in connection with the preparatio~i ~ of the deed And the bill of sale and assi~~ment and the delivery thereof ~ and all tases t~nd char~es pa~able in connection with the con~~evance = of title. Upon con~=~~ ance of titl~ and Payment of the consideration ~ ~ therefor as aforesaid, tLe l~asehold estate created by this Letise with ~ K respect to snch Leased Parcels shall terminate, and snch Leased Parcels ~ ~ shall no longer be considcred for any pnrpose to be a part of the Leaseci ~ ~ Premises herennder. In the erent that the entire Leased Premise~ J shall have been so con~ eved, all obli~ations of the Company herennder, ~ ~ eacept nnder Paragraphs 8(e), 17 and 26 snd except obligations which ~ ~ shall have theretofore accrn~d, sht~ll terminate on and as of the Note x ~ . Pa~ment Date nezt follon ing the closing of the last such convevancc ; ~ ~ nr~n-ided that snch t~rmination shall not occnr nnless and nntil (i) thc ~ ~ ~ ~ ' # ~ 4 ~ ~ R - ~.c~3~..P~~,'.~1 ~ , , 9~ ~ ~