Common use of Conveyance to Tenant Clause in Contracts

Conveyance to Tenant. On the Substitution Date, Landlord shall convey the Leased Property to Tenant in accordance with the provisions of Article 15 (except as to payment of any expenses in connection therewith which shall be governed by Section 16.6) upon either (a) payment in cash therefor or (b) conveyance to Landlord of the Substitute Property, as appropriate.

Appears in 4 contracts

Samples: Lease Agreement (Senior Housing Properties Trust), Lease Agreement (Senior Housing Properties Trust), Lease Agreement (Senior Housing Properties Trust)

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Conveyance to Tenant. On the Substitution Date, Landlord shall convey the Leased Property to Tenant in accordance with the provisions of Article 15 hereof (except as to payment of any expenses in connection therewith which shall be governed by Section 16.616.5 below) upon either (a) payment in cash therefor or (b) conveyance to Landlord of the Substitute Property, as appropriate.

Appears in 1 contract

Samples: Master Lease Document (Senior Housing Properties Trust)

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Conveyance to Tenant. On the Substitution Date, Landlord shall convey the Leased Property to Tenant in accordance with the provisions of Article 15 hereof (except as to payment of any expenses in connection therewith which shall be governed by Section 16.616.6 below) upon either (a) payment in cash therefor or (b) conveyance to Landlord of the Substitute Property, as appropriate.

Appears in 1 contract

Samples: Master Lease Agreement (Senior Housing Properties Trust)

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