Common use of Award Distribution Clause in Contracts

Award Distribution. In the event the Lessee completes the purchase of the Leased Property, as described in Section 14.3, the entire Award shall, upon payment of the purchase price and all Rent and other sums due under this Lease and the other Lease Documents, belong to the Lessee and the Lessor agrees to assign to the Lessee all of the Lessor's rights thereto. In any other event, the entire Award shall belong to and be paid to the Lessor.

Appears in 5 contracts

Samples: Facility Lease Agreement (Carematrix Corp), Development and Turnkey Services Agreement (Standish Care Co), 102 Facility Lease Agreement (Carematrix Corp)

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Award Distribution. In the event the Lessee completes the purchase of the Leased Property, as described in Section 14.3, the entire Award shall, upon payment of the purchase price and all Rent and other sums due under this Lease and the other Lease Documents, belong to the Lessee and the Lessor agrees to assign to the Lessee all of the Lessor's rights thereto. In any other event, subject to any Fee Mortgage Loan Documents, the entire Award shall belong to and be paid to the Lessor.

Appears in 1 contract

Samples: Facility Lease Agreement (Carematrix Corp)

Award Distribution. In the event the Lessee completes the purchase of the Leased Property, as described in Section 14.3, the entire Award shall, upon payment of the purchase price and all Rent and other sums due under this Lease and the other Lease Documents, belong to the Lessee and the Lessor agrees to assign to the Lessee all of the Lessor's rights thereto. In any other event, the entire Award shall belong to and be paid to the Lessor.rights

Appears in 1 contract

Samples: Facility Lease Agreement (Carematrix Corp)

Award Distribution. In the event the Lessee completes the purchase of the Leased Property, as described in Section 14.3, the entire Award shall, upon payment of the purchase price and all Rent and other sums due under this Lease and the other Lease Documents, belong to the Lessee and the Lessor agrees to assign to the Lessee all of the Lessor's rights thereto. In thereto in any other event, the entire Award shall belong to and be paid to the Lessor.

Appears in 1 contract

Samples: Management Agreement (Capital Senior Living Corp)

Award Distribution. In the event the Lessee completes the purchase of the Leased Property, as described in Section 14.3, the entire Award shall, upon payment of the purchase price and all Rent and other sums due under this Lease and the other Lease Documents, belong to the Lessee and the Lessor agrees to assign to the Lessee all of the Lessor's rights thereto. In any other event, subject to the terms of any Fee Mortgage Loan Documents, the entire Award shall belong to and be paid to the Lessor.

Appears in 1 contract

Samples: Facility Lease Agreement (Carematrix Corp)

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Award Distribution. In the event the Lessee completes the purchase of the Leased Property, as described in Section 14.3, the entire Award shall, upon payment of the purchase price and all Rent and other sums due under this Lease and the other Lease Documents, belong to the Lessee and the an Lessor agrees to assign to the Lessee all of the Lessor's rights thereto. In any other event, the entire Award A and shall belong to and be paid to the Lessor.

Appears in 1 contract

Samples: Facility Lease Agreement (Alterra Healthcare Corp)

Award Distribution. In the event the Lessee completes the purchase of the Leased Property, as described in Section 14.3, the entire Award shall, upon payment of the purchase price and all Rent and other sums due under this Lease and the other Lease Documents, belong to the Lessee and the Lessor agrees to assign to the Lessee all of the Lessor's rights thereto. In any other event, the entire Award shall belong to and be paid to the Lessor.

Appears in 1 contract

Samples: Facility Lease Agreement (Balanced Care Corp)

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