Common use of Alterations and Expansions During Last Five Years of Term Clause in Contracts

Alterations and Expansions During Last Five Years of Term. Landlord's prior written consent, which may be withheld in Landlord's sole, absolute, and subjective discretion, shall be required for any Expansions of or to the Premises to be constructed during the last five (5) years of the Term (including any Effective Extended Term); provided, however, that if Tenant shall then exercise its rights under Section 3.2 to extend the Term hereof so that at least five (5) years will remain in the Term once the construction is completed, the provisions of Section 9.1(a) shall apply.

Appears in 3 contracts

Samples: Lease (Red Lion Hotels Inc), Contribution Agreement (Red Lion Hotels Inc), Lease (Doubletree Corp)

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Alterations and Expansions During Last Five Years of Term. Landlord's prior written consent, which may be withheld in Landlord's sole, absolute, and subjective discretion, shall be required for any replacements, alterations or Expansions of or to the Premises to be constructed during the last five (5) years of the Term (including any Effective Extended Term); provided, provided however, that if Tenant shall then exercise its rights under Section 3.2 3.02 to extend the Term hereof so that at least five ten (510) years will remain in the Term once the construction is completed, then the provisions of Section 9.1(a) 9.01A shall apply.

Appears in 1 contract

Samples: Facilities Lease Agreement (Senior Housing Properties Trust)

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