Award Distribution. (a) In the event of any partial taking of any Leased Property, the entire Award shall belong to and be paid to Lessor, except that, subject to the rights of the Facility Mortgagees, Tenant shall be entitled to receive from the Award, if and to the extent such Award specifically includes such item, the following: (i) A sum attributable to the Capital Alterations paid for by Tenant; and (ii) A sum specifically attributable to Tenant’s Personal Property and any reasonable removal and relocation costs included in the Award; and (iii) A sum specifically attributable to the cost of restoring the Leased Property in accordance with Section 15.5 hereof. (b) In the event of a total taking of any Leased Property, the Award shall be divided between Lessor and Tenant in such proportions relative to the appraised values of their relative estates determined in accordance with Section 35.1 taking into account the value of improvements owned by Lessor and Permitted Alterations paid for by Tenant. Tenant shall also receive a sum specifically attributable to Tenant’s Personal Property and any reasonable removal and relocation costs included in the Award.
Appears in 11 contracts
Samples: Master Lease Agreement (Kindred Healthcare, Inc), Master Lease Agreement (Kindred Healthcare, Inc), Master Lease Agreement (Kindred Healthcare, Inc)
Award Distribution. (a) In the event of any partial taking of any Leased Property, the entire Award shall belong to and be paid to Lessor, except that, subject to the rights of the Facility Mortgagees, Tenant shall be entitled to receive from the Award, if and to the extent such Award specifically includes such item, the following:
(i) A sum attributable to the Capital Alterations paid for by Tenant; and
(ii) A sum specifically attributable to Tenant’s 's Personal Property and any reasonable removal and relocation costs included in the Award; and
(iii) A sum specifically attributable to the cost of restoring the Leased Property in accordance with Section 15.5 hereof.. ------------
(b) In the event of a total taking of any Leased Property, the Award shall be divided between Lessor and Tenant in such proportions relative to the appraised values of their relative estates determined in accordance with Section 35.1 ------- 35.1, taking into account the value of improvements owned by Lessor and ---- Permitted Alterations paid for by Tenant. Tenant shall also receive a sum specifically attributable to Tenant’s 's Personal Property and any reasonable removal and relocation costs included in the Award.
Appears in 6 contracts
Samples: Master Lease Agreement (Kindred Healthcare Inc), Master Lease Agreement (Kindred Healthcare Inc), Master Lease Agreement (Kindred Healthcare Inc)
Award Distribution. (a) In the event of any partial taking of any Leased Property, the entire Award shall belong to and be paid to Lessor, except that, subject to the rights of the Facility Mortgagees, Tenant shall be entitled to receive from the Award, if and to the extent such Award specifically includes such item, the following:
(i) A sum attributable to the Capital Alterations paid for by Tenant; and
(ii) A sum specifically attributable to Tenant’s Personal Property and any reasonable removal and relocation costs included in the Award; and
(iii) A sum specifically attributable to the cost of restoring the Leased Property in accordance with Section 15.5 hereof.
(b) In the event of a total taking of any Leased Property, the Award shall be divided between Lessor and Tenant in such proportions relative to the appraised values of their relative estates determined in accordance with Section 35.1 35.1, taking into account the value of improvements owned by Lessor and Permitted Alterations paid for by Tenant. Tenant shall also receive a sum specifically attributable to Tenant’s Personal Property and any reasonable removal and relocation costs included in the Award.
Appears in 2 contracts
Samples: Master Lease Agreement (Ventas Inc), Master Lease Agreement (Kindred Healthcare Inc)
Award Distribution. (a) In the event of any partial taking of any the Leased Property, the entire Award shall belong to and be paid to Lessor, except that, subject to the rights of the Facility Mortgagees, Tenant shall be entitled to receive from the Award, if and to the extent such Award specifically includes such item, the following:
(i) A sum attributable to the Capital Alterations paid for by Tenant; and
(ii) A sum specifically attributable to Tenant’s 's Personal Property and any reasonable removal and relocation costs included in the Award; and
(iii) A sum specifically attributable to the cost of restoring the Leased Property in accordance with Section 15.5 hereof.
(b) In the event of a total taking of any the Leased Property, the Award shall be divided between Lessor and Tenant in such proportions relative to the appraised values of their relative estates determined in accordance with Section 35.1 35.1, taking into account the value of improvements owned by Lessor and Permitted Alterations paid for by Tenant. Tenant shall also receive a sum specifically attributable to Tenant’s 's Personal Property and any reasonable removal and relocation costs included in the Award.
Appears in 1 contract
Samples: Operations Transfer Agreement (Kindred Healthcare Inc)
Award Distribution. (a) In the event of any partial taking of any Leased Property, the entire Award shall belong to and be paid to Lessor, except that, subject to the rights of the Facility Mortgagees, Tenant shall be entitled to receive from the Award, if and to the extent such Award specifically includes such item, the following:
(i) A sum attributable to the Capital Alterations paid for by Tenant; and
(ii) A sum specifically attributable to Tenant’s 's Personal Property and any reasonable removal and relocation costs included in the Award; and
(iii) A sum specifically attributable to the cost of restoring the Leased Property in accordance with Section 15.5 hereof.
(b) In the event of a total taking of any Leased Property, the Award shall be divided between Lessor and Tenant in such proportions relative to the appraised values of their relative estates determined in accordance with Section 35.1 35.1, taking into account the value of improvements owned by Lessor and Permitted Alterations paid for by Tenant. Tenant shall also receive a sum specifically attributable to Tenant’s 's Personal Property and any reasonable removal and relocation costs included in the Award.
Appears in 1 contract
Samples: Master Lease Agreement (Ventas Inc)