Common use of Financings of Capital Additions to a Leased Property Clause in Contracts

Financings of Capital Additions to a Leased Property. (a) Landlord may, but shall be under no obligation to, provide or arrange construction, permanent or other financing for a Capital Addition proposed to be made to any Leased Property by Tenant. Within thirty (30) days of receipt of such a request by Tenant, Landlord shall notify Tenant as to whether it will finance the proposed Capital Addition and, if so, the terms and conditions upon which it would do so, including the terms of any amendment to an individual Lease or a new lease agreement for such proposed Capital Addition.

Appears in 8 contracts

Samples: Master Agreement (Prison Realty Corp), Master Agreement (Cca Prison Realty Trust), Master Agreement (Cca Prison Realty Trust)

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Financings of Capital Additions to a Leased Property. (a) Landlord may, but shall be under no obligation to, provide or arrange construction, permanent or other financing for a Capital Addition proposed to be made to any Leased Property by Tenant. Within thirty (30) days of after receipt of such a request by from Tenant, Landlord shall notify Tenant as to whether it will finance the proposed Capital Addition and, if so, the terms and conditions upon which it would do so, including the terms of any amendment to an individual Lease or a new lease agreement for such proposed Capital Addition.

Appears in 1 contract

Samples: Master Agreement (Correctional Properties Trust)

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