Amendments to this Lease. Upon execution of such New Lease, and effective as of the Property Removal Date, this Master Lease shall be deemed to be amended as follows: (i) the Removal Properties shall be excluded from the Demised Premises hereunder; (ii) Base Rent hereunder shall be reduced by the amount of the Base Rent allocable to the Removal Properties; and (iii) Schedule 2 attached to the Side Letter shall be modified so as to remove the Removal Properties. Such amendments shall occur automatically and without the necessity of any further action by Landlord or Tenant, but, at Landlord’s election, the same shall be reflected in a formal amendment to this Master Lease, which amendment shall be promptly executed by Tenant.
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Samples: Master Lease (Sears Holdings Corp), Master Lease (Seritage Growth Properties), Master Lease (Seritage Growth Properties)
Amendments to this Lease. Upon execution of such New Lease, and effective as of the Property Removal Transfer Date, this Master Lease shall be deemed to be amended as follows: (i) the Removal Properties Transferred Property shall be excluded from the Demised Premises hereunder; (ii) Base Fixed Rent hereunder shall be reduced by the amount of the Base Allocated Rent allocable to the Removal Properties; Transferred Property and (iii) Schedule SCHEDULE 2 attached to the Side Letter hereto shall be modified so as to remove the Removal PropertiesAllocated Rent and Minimum Option Purchase Price for the Transferred Property. Such amendments shall occur automatically and without the necessity of any further action by Landlord or Tenant, but, at Landlord’s 's election, the same shall be reflected in a formal amendment to this Master Lease, which amendment shall be promptly executed by Tenant.
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Samples: Master Lease Agreement (Brookdale Senior Living Inc.)
Amendments to this Lease. Upon execution of such New Lease, and effective as of the Property Removal Date, this Master Lease shall be deemed to be amended as follows: (i) the Removal Properties shall be excluded from the Demised Premises hereunder; (ii) Base Rent hereunder shall be reduced by the amount of the Base Rent allocable to the Removal Properties; and (iii) Schedule 2 attached to the Side Letter shall be modified so as to remove the Removal Properties. Such amendments shall occur automatically and without the necessity of any further action by Landlord or Tenant, but, at Landlord’s election, the same shall be reflected in a formal amendment to this Master Lease, which amendment shall be promptly executed by Tenant.
Appears in 1 contract
