Common use of Escrows and Application of Payments Clause in Contracts

Escrows and Application of Payments. As security for the performance of its obligations hereunder, Tenant hereby assigns to Landlord all its right, title, and interest in and to all monies escrowed with Landlord under this Lease and all deposits with utility companies, taxing authorities and insurance companies; provided, however, that Landlord shall not exercise its rights hereunder until an Event of Default has occurred. Any payments received by Landlord under any provisions of this Lease during the existence or continuance of an Event of Default shall be applied to Tenant's obligations in the order which Landlord may determine.

Appears in 8 contracts

Samples: Lease Agreement (Balanced Care Corp), Master Lease Agreement (Balanced Care Corp), Lease Agreement (Alterra Healthcare Corp)

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Escrows and Application of Payments. As security for the performance of its obligations hereunder, Tenant hereby assigns to Landlord all its right, title, title and interest in and to all monies escrowed with Landlord under this Agreement or under any Lease and all deposits with utility companies, taxing authorities authorities, and insurance companies; provided, however, that Landlord shall not exercise its rights hereunder until an Event of Default has occurred. Any payments received by Landlord under any provisions of this Agreement or under any Lease during the existence existence, or continuance of an Event of Default shall be applied to Tenant's obligations in the order which Landlord may determine.

Appears in 7 contracts

Samples: Master Agreement to Lease (Corrections Corporation of America), Master Agreement to Lease (Prison Realty Corp), Master Agreement to Lease (Cca Prison Realty Trust)

Escrows and Application of Payments. As security for the performance of its obligations hereunderthe Obligor Group Obligations, Tenant hereby assigns to Landlord all its right, title, and interest in and to all monies escrowed with Landlord under this Lease and all deposits with utility companies, taxing authorities and insurance companies; provided, however, that Landlord shall not exercise its rights hereunder until an Event of Default has occurred. Any payments received by Landlord under any provisions of this Lease during the existence or continuance of an Event of Default shall be applied to Tenant's obligations the Obligor Group Obligations in the order which Landlord may determine.

Appears in 5 contracts

Samples: Master Lease Agreement (Emeritus Corp\wa\), Master Lease Agreement (Emeritus Corp\wa\), Master Lease Agreement (LifeCare Holdings, Inc.)

Escrows and Application of Payments. As security for the performance of its obligations hereunder, hereunder Tenant hereby assigns to Landlord all its right, title, and interest in and to all monies escrowed with Landlord under this Agreement or under any Lease and all deposits with utility companies, taxing authorities authorities, and insurance companies; provided, however, that Landlord shall not exercise its rights hereunder until an Event of Default has occurred. Any payments received by Landlord under any provisions of this Agreement or under any Lease during the existence existence, or continuance of an Event of Default shall be applied to Tenant's obligations in the order which Landlord may determine.

Appears in 4 contracts

Samples: Lease Agreement (National Health Investors Inc), Master Operating Lease (National Health Realty Inc), Master Operating Lease (National Healthcare Corp)

Escrows and Application of Payments. As security for the performance of its obligations hereunderthe Secured Obligations, Tenant hereby assigns to Landlord all its right, title, and interest in and to all monies escrowed with Landlord under this Lease and all deposits with utility companies, taxing authorities and insurance companies; provided, however, that Landlord shall not exercise its rights hereunder until an Event of Default has occurred. Any payments received by Landlord under any provisions of this Lease during the existence or continuance of an Event of Default shall be applied to Tenant's obligations the Secured Obligations in the order which Landlord may determine.

Appears in 4 contracts

Samples: Master Lease Agreement (Tandem Health Care, Inc.), Master Lease Agreement (Alterra Healthcare Corp), Master Lease Agreement (Brookdale Senior Living Inc.)

Escrows and Application of Payments. As security for the performance of its obligations hereunder, hereunder Tenant hereby assigns to Landlord all its right, title, and interest in and to all monies escrowed with Landlord under this Lease Agreement and all deposits with utility companies, taxing authorities authorities, and insurance companies; provided, however, that Landlord shall not exercise its rights hereunder until an Event of Default has occurred. Any payments received by Landlord under any provisions of this Lease Agreement during the existence existence, or continuance of an Event of Default shall be applied to Tenant's ’s obligations in the order which Landlord may determine.

Appears in 1 contract

Samples: Lease Agreement (National Healthcare Corp)

Escrows and Application of Payments. As security for the performance of its obligations hereunder, Tenant hereby assigns to Landlord all its right, title, title and interest in and to all monies escrowed with Landlord under this Lease Agreement and all deposits with utility companies, taxing authorities authorities, and insurance companies; provided, however, that Landlord shall not exercise its rights hereunder until unless an Event of Default has occurredoccurred and is continuing. Any payments received by Landlord under any provisions of this Lease Agreement during the existence existence, or continuance of an Event of Default shall be applied to Tenant's ’s obligations in the order which that Landlord may determine.

Appears in 1 contract

Samples: Facilities Lease Agreement (Cornell Companies Inc)

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Escrows and Application of Payments. As security for the performance of its obligations hereunder, Tenant hereby assigns to Landlord all its right, title, and interest in and to all monies escrowed with Landlord under this Lease and all deposits with utility companies, taxing authorities authorities, and insurance companies; provided, however, that Landlord shall not exercise its rights hereunder until an Event of Default has occurred. Any payments received by Landlord under any provisions of this Lease during the existence or continuance of an Event of Default shall be applied to Tenant's obligations in the order which Landlord may determine.

Appears in 1 contract

Samples: Lease Agreement (Unison Healthcare Corp)

Escrows and Application of Payments. As security for the ----------------------------------- performance of its obligations hereunder, Tenant hereby assigns to Landlord all its right, title, and interest in and to all monies escrowed with Landlord under this Lease and all deposits with utility companies, taxing authorities and insurance companies; provided, however, that Landlord shall not exercise its rights hereunder until an Event of Default has occurred. Any payments received by Landlord under any provisions of this Lease during the existence or continuance of an Event of Default shall be applied to Tenant's obligations in the order which Landlord may determine.

Appears in 1 contract

Samples: Lease Agreement (Just Like Home Inc)

Escrows and Application of Payments. As security for the performance of its Tenant’s obligations hereunderunder this Lease, Tenant hereby assigns to Landlord all its right, title, and interest in and to all monies escrowed with Landlord under this Lease and all deposits with utility companies, taxing authorities and insurance companies; provided, however, that Landlord shall not exercise its rights hereunder until an Event of Default has occurred. Any payments received by Landlord under any provisions of this Lease during the existence or continuance of an Event of Default shall be applied to the Tenant's ’s obligations under this Lease in the order which Landlord may determine.

Appears in 1 contract

Samples: Master Lease Agreement (Emeritus Corp\wa\)

Escrows and Application of Payments. As security for the performance of its obligations hereunder, Tenant hereby assigns to Landlord all its right, title, title and interest in and to all monies escrowed with Landlord under this Lease Agreement and all deposits with utility companies, taxing authorities authorities, and insurance companies; provided, however, that Landlord shall not exercise its rights hereunder until an Event of Default has occurred. Any payments received by Landlord under any provisions of this Lease Agreement during the existence existence, or continuance of an Event of Default shall be applied to Tenant's obligations in the order which Landlord may determine.

Appears in 1 contract

Samples: Master Agreement to Lease (Corrections Corp of America/Md)

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