Common use of CAPITAL ADDITIONS PAID FOR BY TENANT Clause in Contracts

CAPITAL ADDITIONS PAID FOR BY TENANT. If Landlord does not finance the cost of a Capital Addition under the terms of Section 11.2 and Tenant elects nevertheless to construct or cause to be constructed such Capital Addition, (i) Tenant shall not commence any construction with respect to such Capital Addition without first obtaining the prior written consent of Landlord (which Landlord shall not unreasonably withhold so long as the proposed Capital Addition will not, in Landlord's reasonable opinion, either (x) diminish the value of the property or (y) impair the Facility's ability to produce Gross Revenues and which consent shall be delivered to Tenant within 60 days of receipt by Landlord of Tenant's written proposal with respect to such Capital Addition), and (ii) Tenant shall pay the cost of such Capital Addition, and there shall be no adjustment in the Rent by reason of any such Capital Addition.

Appears in 1 contract

Samples: Lease Agreement (Unison Healthcare Corp)

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CAPITAL ADDITIONS PAID FOR BY TENANT. If Landlord does not finance the cost of a Capital Addition under the terms of Section 11.2 and Tenant elects nevertheless to construct or cause to be constructed such Capital Addition, (i) Tenant shall not commence Commence any construction with respect to such Capital Addition without first obtaining the prior written consent of Landlord (which Landlord shall not unreasonably withhold so long as the proposed Capital Addition will not, in Landlord's reasonable opinion, either (x) diminish the value of the property Property or (y) impair the Facility's ability to produce Gross Revenues and which consent shall be delivered to Tenant within 60 days of receipt by Landlord of Tenant's written proposal with respect to such Capital Addition), and (ii) Tenant shall pay the cost of such Capital Addition, and there shall be no adjustment in the Rent by reason of any such Capital Addition.

Appears in 1 contract

Samples: Lease Agreement (Emeritus Corp\wa\)

CAPITAL ADDITIONS PAID FOR BY TENANT. If Landlord does not finance the cost of a Capital Addition under the terms of Section 11.2 and Tenant elects nevertheless to construct or cause to be constructed such Capital Addition, (i) Tenant shall not commence any construction with respect to such Capital Addition without first obtaining obtaining, the prior written consent of Landlord (which Landlord shall not unreasonably withhold so long as the proposed Capital Addition will not, in Landlord's reasonable opinion, either (x) diminish the value of the property or (y) impair the Facility's ability to produce Gross Revenues and which consent shall be delivered to Tenant within 60 days of receipt by Landlord of Tenant's written proposal with respect to such Capital Addition), and (ii) Tenant shall pay the cost of such Capital Addition, and there shall be no adjustment in the Rent by reason of any such Capital Addition.

Appears in 1 contract

Samples: Lease Agreement (Unison Healthcare Corp)

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CAPITAL ADDITIONS PAID FOR BY TENANT. If Landlord does not finance the cost of a Capital Addition under the terms of Section 11.2 and Tenant elects nevertheless to construct or cause to be constructed such Capital Addition, (i) Tenant shall not commence any construction with respect to such Capital Addition without first obtaining the prior written consent of Landlord (which Landlord shall not unreasonably withhold so long as the proposed Capital Addition will not, in Landlord's reasonable opinion, either (x) diminish the value of the property or (y) impair the Facility's ability to produce Gross Revenues and which consent shall be 30 37 delivered to Tenant within 60 days of receipt by Landlord of Tenant's written proposal with respect to such Capital Addition), and (ii) Tenant shall pay the cost of such Capital Addition, and there shall be no adjustment in the Rent by reason of any such Capital Addition.

Appears in 1 contract

Samples: Lease Agreement (Unison Healthcare Corp)

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