Common use of Damage Near End of Term Clause in Contracts

Damage Near End of Term. Notwithstanding any provisions of Section 10.1 or 10.2 to the contrary, if damage to or destruction of any Property occurs during the last two (2) years of the Term (including any automatic Extended Terms) and if such damage or destruction cannot reasonably be expected to be fully repaired and restored prior to the date that is twelve (12) months prior to the end of the Term, the provisions of Section 10.2.1 shall apply as if such Property had been totally or partially destroyed and the Hotel thereon rendered Unsuitable for its Permitted Use.

Appears in 8 contracts

Samples: Lease Agreement (Candlewood Hotel Co Inc), Lease Agreement (Sholodge Inc), Lease Agreement (Hospitality Properties Trust)

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Damage Near End of Term. Notwithstanding any provisions of Section 10.1 or 10.2 to the contrary, if damage to or destruction of any the Leased Property occurs during the last two twenty-four (224) years months of the then Term (including any automatic exercised Extended TermsTerm) and if such damage or destruction cannot reasonably be expected to be fully repaired and restored prior to the date that is twelve (12) months prior to the end of the such Term (including any exercised Extended Term), the provisions of Section 10.2.1 shall apply as if such the Leased Property had been totally or partially destroyed and the Hotel thereon rendered Unsuitable for its Permitted Use.

Appears in 7 contracts

Samples: Lease Agreement (CNL Hospitality Properties Inc), Lease Agreement (CNL Hospitality Properties Inc), Lease Agreement (CNL Hospitality Properties Inc)

Damage Near End of Term. 10.3.1 Notwithstanding any provisions of Section 10.1 or 10.2 to the contrary, if damage to or destruction of any the Leased Property occurs during the last two twenty-four (224) years months of the then Term (including any automatic exercised Extended TermsTerm) and if such damage or destruction cannot reasonably be expected to be fully repaired and restored prior to the date that is twelve (12) months prior to the end of the such Term (including any exercised Extended Term), the provisions of Section 10.2.1 shall apply as if such the Leased Property had been totally or partially destroyed and the Hotel thereon rendered Unsuitable for its Permitted Use.

Appears in 5 contracts

Samples: Lease Agreement (CNL Hospitality Properties Inc), Lease Agreement (CNL Hospitality Properties Inc), Lease Agreement (CNL Hospitality Properties Inc)

Damage Near End of Term. Notwithstanding any provisions of Section 10.1 or 10.2 to the contrary, if damage to or destruction of any Property occurs during the last two twelve (212) years months of the Term (including any automatic exercised Extended Terms) and if such damage or destruction cannot reasonably be expected to be fully repaired and restored prior to the date that is twelve six (126) months prior to the end of the such Term, the provisions of Section 10.2.1 shall apply as if such Property had been totally or partially destroyed and the Hotel thereon rendered Unsuitable for its Permitted Use.

Appears in 2 contracts

Samples: Master Lease Agreement (Hospitality Properties Trust), Master Lease Agreement (Hospitality Properties Trust)

Damage Near End of Term. Notwithstanding any provisions of Section 10.1 or 10.2 to the contrary, if damage to or destruction of any the Leased Property occurs during the last two twelve (212) years months of the Term (including any automatic exercised Extended Terms) and if such damage or destruction cannot reasonably be expected to be fully repaired and restored prior to the date that is twelve six (126) months prior to the end of the such Term, the provisions of Section 10.2.1 shall apply as if such the Leased Property had been totally or partially destroyed and the Hotel thereon rendered Unsuitable for its Permitted Use.

Appears in 2 contracts

Samples: Lease Agreement (Wyndham Hotel Corp), Lease Agreement (Hospitality Properties Trust)

Damage Near End of Term. Notwithstanding any provisions of Section Sections 10.1 or 10.2 to the contrary, if damage to or destruction of any the Property occurs during the last two (2) years of the Term (including any automatic Extended Terms) and if such damage or destruction cannot reasonably be expected to be fully repaired and restored prior to the date that is twelve (12) months prior to the end of the Term, the provisions of Section 10.2.1 shall apply as if such Property had been totally or partially destroyed and the Hotel thereon rendered Unsuitable for its Permitted Use.

Appears in 1 contract

Samples: Stock Purchase Agreement (Hospitality Properties Trust)

Damage Near End of Term. Notwithstanding any provisions of Section 10.1 or 10.2 to the contrary, if damage to or destruction of any the Leased Property occurs during the last two twenty-four (224) years months of the then Term (including any automatic exercised Extended TermsTerm) and if such damage or destruction cannot reasonably be expected to be fully repaired and restored prior to the date that is twelve (12) months prior to the end of the such Term (including any exercised Extended Term), the provisions of Section 10.2.1 shall apply as if such the Leased Property had been totally or partially destroyed and one or both of the Hotel thereon Hotels rendered Unsuitable for its Permitted Use.

Appears in 1 contract

Samples: Lease Agreement (CNL Hospitality Properties Inc)

Damage Near End of Term. Notwithstanding any provisions of Section SECTIONS 10.1 or 10.2 to the contrary, if damage to or destruction of any the Property occurs during the last two (2) - 49 - years of the Term (including any automatic Extended Terms) and if such damage or destruction cannot reasonably be expected to be fully repaired and restored prior to the date that is twelve (12) months prior to the end of the Term, the provisions of Section SECTION 10.2.1 shall apply as if such Property had been totally or partially destroyed and the Hotel thereon rendered Unsuitable for its Its Permitted Use.

Appears in 1 contract

Samples: Stock Purchase Agreement (Hospitality Properties Trust)

Damage Near End of Term. Notwithstanding any provisions of ---- ----------------------- Section 10.1 or 10.2 to the contrary, if damage to or destruction of any the Leased -------------------- Property occurs during the last two twelve (212) years months of the Term (including any automatic Extended Terms) and if such damage or destruction cannot reasonably be expected to be fully repaired and restored prior to the date that is twelve six (126) months prior to the end of the Term, the provisions of Section 10.2.1 shall -------------- apply as if such the Leased Property had been totally or partially destroyed and the Hotel thereon rendered Unsuitable for its Permitted Use.

Appears in 1 contract

Samples: Lease Agreement (Lasalle Hotel Properties)

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Damage Near End of Term. (a) Notwithstanding any provisions of Section 10.1 or 10.2 to the contrary, if damage to or destruction of any Leased Property occurs during the last two twelve (212) years months of the Extended Term (including any automatic Extended Terms) and if such damage or destruction cannot reasonably be expected to be fully repaired and restored prior to the date that is twelve six (126) months prior to the end of the such Extended Term, the provisions of Section 10.2.1 shall apply as if such Leased Property had been totally or partially destroyed and the Hotel thereon rendered Unsuitable for its Permitted Use.

Appears in 1 contract

Samples: Master Lease Agreement (Hospitality Properties Trust)

Damage Near End of Term. Notwithstanding any provisions of Section 10.1 or 10.2 to the contrary, if damage to or destruction of any the Leased Property occurs during the last two twelve (212) years months of the Term (including any automatic Extended Terms) and if such damage or destruction cannot reasonably be expected to be fully repaired and restored prior to the date that is twelve six (126) months prior to the end of the Term, the provisions of Section 10.2.1 shall apply as if such the Leased Property had been totally or partially destroyed and the Hotel thereon rendered Unsuitable for its Permitted Use.

Appears in 1 contract

Samples: Lease Agreement (Lasalle Hotel Properties)

Damage Near End of Term. Notwithstanding any provisions of Section SECTION 10.1 or 10.2 to the contrary, if damage to or destruction of any the Leased Property occurs during the last two twelve (212) years months of the Term (including any automatic Extended Terms) and if such damage or destruction cannot reasonably be expected to be fully repaired and restored prior to the date that is twelve six (126) months prior to the end of the Term, the provisions of Section SECTION 10.2.1 shall apply as if such the Leased Property had been totally or partially destroyed and the Hotel thereon rendered Unsuitable for its Permitted Use.

Appears in 1 contract

Samples: Lease Agreement (Lasalle Hotel Properties)

Damage Near End of Term. 60- Notwithstanding any provisions of Section 10.1 or 10.2 to the contrary, if damage to or destruction of any the Leased Property occurs during the last two twelve (212) years months of the then Term (including any automatic exercised Extended TermsTerm) and if such damage or destruction cannot reasonably be expected to be fully repaired and restored prior to the date that is twelve nine (129) months prior to the end of the such Term (including any exercised Extended Term), the provisions of Section 10.2.1 shall apply as if such the Leased Property had been totally or partially destroyed and the Hotel thereon rendered Unsuitable for its Permitted Use.

Appears in 1 contract

Samples: Agreement to Lease (Hospitality Properties Trust)

Damage Near End of Term. Notwithstanding any provisions of Section SECTIONS 10.1 or 10.2 to the contrary, if damage to or destruction of any the Property occurs during the last two (2) years of the Term (including any automatic Extended Terms) and if such damage or destruction cannot reasonably be expected to be fully repaired and restored prior to the date that is twelve (12) months prior to the end of the Term, the provisions of Section SECTION 10.2.1 shall apply as if such Property had been totally or partially destroyed and the Hotel thereon rendered Unsuitable for its Its Permitted Use.

Appears in 1 contract

Samples: Lease Agreement (Hospitality Properties Trust)

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