Common use of Alterations by Lessee Clause in Contracts

Alterations by Lessee. Lessee may alter, improve, exchange, replace, modify or expand (collectively, “Alterations”) the Facility, equipment or appliances on the Premises from time to time as it may determine is desirable for the continuing and proper use and maintenance of the Premises; provided, that any Alterations in excess of One Hundred Thousand Dollars ($100,000.00) with respect to the Facility in any rolling twelve (12) month period shall require Lessor’s prior written consent, which shall not be unreasonably withheld, delayed, or conditioned. All Alterations shall immediately become a part of the Premises and the property of Lessor subject to this Lease, and the cost of all Alterations or other purchases, whether undertaken as an on-going licensing, Medicare, Medicaid or other regulatory requirement, or otherwise, shall be borne solely by Lessee. All Alterations shall be constructed in a good and workmanlike manner in compliance with all applicable laws and the insurance required under this Lease. The funds held in escrow in the Improvements Account shall be made available to Lessee for Lessee’s use in connection with any Alterations made by Lessee. Notwithstanding the foregoing, Lessor consent is not required (but Lessee shall provide notice thereof to Lessor) for any Alteration that is (i) required by applicable law or by any insurance underwriter, or (ii) necessary for the health, welfare and safety of the residents.

Appears in 3 contracts

Samples: Lease Agreement (Adcare Health Systems, Inc), Lease Agreement (Adcare Health Systems, Inc), Lease Agreement (Adcare Health Systems, Inc)

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Alterations by Lessee. Lessee may alter, improve, exchange, replace, modify or expand (collectively, “Alterations”) the Facility, equipment or appliances on the Premises from time to time as it may determine is desirable for the continuing and proper use and maintenance of the Premises; provided, that any Alterations in excess of One Hundred Thousand Dollars ($100,000.00100,000) with respect to the Facility in any rolling twelve (12) month period shall require Lessor’s prior written consent, which shall not be unreasonably withheld, delayed, or conditioned. All Alterations shall immediately become a part of the Premises and the property of Lessor subject to this Lease, and the cost of all Alterations or other purchases, whether undertaken as an on-going licensing, Medicare, Medicaid or other regulatory requirement, or otherwise, shall be borne solely by Lessee. All Alterations shall be constructed in a good and workmanlike manner in compliance with all applicable laws and the insurance required under this Lease. The funds held in escrow in the Improvements Account shall be made available to Lessee for Lessee’s use in connection with any Alterations made by Lessee. Notwithstanding the foregoing, Lessor consent is not required (but Lessee shall provide notice thereof to Lessor) for any Alteration that is (i) required by applicable law or by any insurance underwriter, or (ii) necessary for the health, welfare and safety of the residents.

Appears in 1 contract

Samples: Sublease Agreement (Adcare Health Systems, Inc)

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