Common use of Amendments to this Lease Clause in Contracts

Amendments to this Lease. Upon execution of such New Lease, and effective as of the Property Transfer Date, this Lease shall be deemed to be amended to provide that (a) the Transferred Facilities shall be excluded from the Facilities hereunder, (b) Minimum Rent hereunder shall be reduced by the amount of Allocated Facility Rent for the Transferred Facilities (based upon the Tenant’s Proportionate Shares of such Transferred Facilities and as described in Section 4 of this Exhibit H) and (c) Schedule 1 of this Lease shall be amended as provided in Section 4.3 of this Exhibit H. 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 Lease, which amendment shall be promptly executed by Tenant.

Appears in 2 contracts

Samples: Master Lease (Ardent Health Partners, LLC), Master Lease (Ardent Health Partners, LLC)

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Amendments to this Lease. Upon execution of such New Lease, and effective as of the Property Transfer Date, this Lease shall be deemed to be amended to provide that (a) the Transferred Facilities shall be excluded from the Facilities hereunder, (b) Minimum Rent hereunder shall be reduced by the amount of Allocated Facility the Minimum Rent for allocable to the Transferred Facilities (based upon the Tenant’s Proportionate Shares of such Transferred Facilities and as described in Section 4 2.6 of this Exhibit H) and (c) Schedule 1 of this Lease shall be amended as provided in Section 4.3 2.7 of this Exhibit H. 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 Lease, which amendment shall be promptly executed by Tenant.

Appears in 1 contract

Samples: Master Lease and Security Agreement (Brookdale Senior Living Inc.)

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Amendments to this Lease. Upon execution of such New Lease, and effective as of the Property Transfer Date, this Lease shall be deemed to be amended to provide that (a) the Transferred Facilities shall be excluded from the Facilities hereunder, (b) Minimum Rent hereunder shall be reduced by the amount of Allocated Facility the Minimum Rent for allocable to the Transferred Facilities (based upon the Tenant’s Proportionate Shares of such Transferred Facilities and as described in Section 4 2.6 of this Exhibit H) and (c) Schedule 1 of this Lease shall be amended as provided in Section 4.3 2.9 of this Exhibit H. 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 Lease, which amendment shall be promptly executed by Tenant.

Appears in 1 contract

Samples: Master Lease and Security Agreement (Brookdale Senior Living Inc.)

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