Common use of Exercise of Renewal Options Clause in Contracts

Exercise of Renewal Options. Tenant is hereby granted the --------------------------- right to renew this Lease, with respect to all, but not less than all, of those Leased Properties within the applicable group as shown on Exhibit D annexed hereto (herein, a "Renewal Group") for three (3), 5-year option renewal terms ------------- (collectively, the "Extended Terms" and each an "Extended Term") upon giving -------------- ------------- written notice to Lessor of each such renewal at least one (1) year but not more than eighteen (18) months prior to the termination of the then current Term applicable to such Renewal Group, provided and on the conditions that, at the time Tenant gives a renewal notice as set forth above relative to a Renewal Group and at the time of the commencement of the applicable Extended Term for such Renewal Group, (a) an Event of Default (other than any Facility Defaults of the nature referenced in Section 16.1(m) and/or Section 16.1(q) of this Lease) --------------- --------------- shall not have occurred and be continuing (as described in Section 16.10.2.3 ----------------- above) under this Lease and (b) Facility Defaults of the nature referenced in Section 16.1(m) and/or Section 16.1(q) of this Lease shall not have occurred and --------------- --------------- be continuing (as described in Section 16.10.2.3 above) with respect to the Section 16.10.1

Appears in 2 contracts

Samples: Master Lease Agreement (Kindred Healthcare Inc), Master Lease Agreement (Kindred Healthcare Inc)

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Exercise of Renewal Options. Tenant is hereby granted the --------------------------- right to renew this Lease, with respect to all, but not less than all, of those Leased Properties within the applicable group as shown on Exhibit D annexed hereto (herein, a "Renewal Group") for three (3), 5-year option renewal terms ------------- (collectively, the "Extended Terms" and each an "Extended Term") upon giving -------------- ------------- written notice to Lessor of each such renewal at least one (1) year but not more than eighteen (18) months prior to the termination of the then current Term applicable to such Renewal Group, provided and on the conditions that, at the time Tenant gives a renewal notice as set forth above relative to a Renewal Group and at the time of the commencement of the applicable Extended Term for such Renewal Group, (a) an Event of Default (other than any Facility Defaults of the nature referenced in Section 16.1(m) and/or Section 16.1(q) of this Lease) --------------- --------------- shall not have occurred and be continuing (as described in Section 16.10.2.3 ----------------- above) under this Lease and (b) Facility Defaults of the nature referenced in Section 16.1(m) and/or Section 16.1(q) of this Lease shall not have occurred and --------------- --------------- be continuing (as described in Section 16.10.2.3 above) with respect to the Section 16.10.1

Appears in 1 contract

Samples: Master Lease Agreement (Ventas Inc)

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Exercise of Renewal Options. Tenant is hereby granted the --------------------------- right to renew this Lease, with respect to all, but not less than all, of those Leased Properties within the applicable group as shown on Exhibit D annexed hereto (herein, a "Renewal Group") for three (3), 5-year option renewal terms ------------- (collectively, the "Extended Terms" and each an "Extended Term") upon giving -------------- ------------- written notice to Lessor of each such renewal at least one (1) year but not more than eighteen (18) months prior to the termination of the then current Term applicable to such Renewal Group, provided and on the conditions that, at the time Tenant gives a renewal notice as set forth above relative to a Renewal Group and at the time of the commencement of the applicable Extended Term for such Renewal Group, (a) an Event of Default (other than any Facility Defaults of the nature referenced in Section 16.1(m) and/or Section 16.1(q) of this Lease) --------------- --------------- shall not have occurred and be continuing (as described in Section 16.10.2.3 ----------------- above) under this Lease and (b) Facility Defaults of the nature referenced in Section 16.1(m) and/or Section 16.1(q) of this Lease shall not have occurred and --------------- --------------- be continuing (as described in Section 16.10.2.3 above) with respect to the Section 16.10.1in

Appears in 1 contract

Samples: Master Lease Agreement (Kindred Healthcare Inc)

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