Common use of Ground Rent Clause in Contracts

Ground Rent. In the event that Lessor’s interest in the Land is pursuant to a Ground Lease or sublease, Lessor shall be solely responsible for the payment of any ground rent, building rent or subrent, as the case may be, due with respect to the Leased Property.

Appears in 24 contracts

Samples: Hotel Lease Agreement, Hotel Lease Agreement (Apple REIT Ten, Inc.), Hotel Lease Agreement (Apple REIT Ten, Inc.)

AutoNDA by SimpleDocs

Ground Rent. In the event that Lessor’s 's interest in the Land is pursuant to a Ground Lease or sublease, Lessor shall be solely responsible for the payment of any ground rent, building rent or subrent, as the case may be, due with respect to the Leased Property.

Appears in 7 contracts

Samples: Master Hotel Lease Agreement (Apple Suites Inc), Lease Agreement (Felcor Lodging Trust Inc), Master Hotel Lease Agreement (Apple Hospitality Two Inc)

Ground Rent. In the event that Lessor’s 's interest in the Land is pursuant to a Ground Lease or subleaseground lease, Lessor shall be solely responsible for the payment of any ground rent, building rent or subrent, as the case may be, due with respect to the Leased Property, and shall promptly deliver to Lessee any default notice received by Lessor pursuant to the ground lease.

Appears in 4 contracts

Samples: Consolidated Lease Amendment (Equity Inns Inc), Lease Agreement (Equity Inns Inc), Consolidated Lease Agreement (Equity Inns Inc)

Ground Rent. In the event that Lessor’s 's interest in the Land is pursuant to a Ground Lease ground lease or a sublease, Lessor shall be solely responsible for the payment of any ground rent, building rent or subrent, as the case may be, due with respect to the Leased Property.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Prime Hospitality Corp), Merger Agreement (Capstar Hotel Co), Merger Agreement (American General Hospitality Corp)

Ground Rent. In the event that Lessor’s 's interest in the Land is ------------ pursuant to a Ground Lease or sublease, Lessor shall be solely responsible for the payment of any ground rent, building rent or subrent, as the case may be, due with respect to the Leased Property.

Appears in 2 contracts

Samples: Hotel Lease Agreement (Apple Suites Inc), Master Hotel Lease Agreement (Apple Hospitality Two Inc)

Ground Rent. In the event that Lessor’s 's interest in the Land is ----------- pursuant to a Ground Lease or sublease, Lessor shall be solely responsible for the payment of any ground rent, building rent or subrent, as the case may be, due with respect to the Leased Property.

Appears in 2 contracts

Samples: Hotel Lease Agreement (Apple Suites Inc), Master Hotel Lease Agreement (Apple Hospitality Two Inc)

Ground Rent. In the event that Lessor’s 's interest in the Land is pursuant to a Ground Lease or sublease, Lessor shall be solely responsible for the payment of any ground rent, building rent or subrent, as the case may be, due with respect to the Leased Lease Property.

Appears in 1 contract

Samples: Master Hotel Agreement (Felcor Suite Hotels Inc)

AutoNDA by SimpleDocs

Ground Rent. In the event that Lessor’s 's interest in the Land is pursuant to a Ground Lease or subleaseground lease, Lessor shall be solely responsible for the payment of any ground rent, building rent or subrent, as the case may be, due with respect to the Leased Property.

Appears in 1 contract

Samples: Lease Agreement (Equity Inns Inc)

Ground Rent. In the event that Lessor’s 's interest in all or any portion of the Land is pursuant to a Ground Lease or subleaseLease, Lessor shall be solely responsible for the payment of any ground rent, building rent or subrent, as the case may be, due with respect to the Leased PropertyProperty under such Ground Lease.

Appears in 1 contract

Samples: Stock Purchase Agreement (Keystone Inc Et Al)

Ground Rent. In the event that Lessor’s 's interest in the Land is ----------- pursuant to a Ground Lease ground lease or a sublease, Lessor shall be solely responsible for the payment of any ground rent, building rent or subrent, as the case may be, due with respect to the Leased Property.

Appears in 1 contract

Samples: Lease Agreement (American General Hospitality Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!