Common use of Landlord to Grant Easements, Etc Clause in Contracts

Landlord to Grant Easements, Etc. Landlord shall from time to time, so long as no Default or Event of Default shall have occurred and be continuing, at the request of Tenant and at Tenant's sole cost and expense, (a) grant easements and other rights in the nature of easements with respect to any of the Collective Leased Properties to third parties, (b) release existing easements or other rights in the nature of easements which are for the benefit of any of the Collective Leased Properties, (c) dedicate or transfer unimproved portions of any of the Collective Leased Properties for road, highway or other public purposes, (d) execute petitions to have any of the Collective Leased Properties annexed to any municipal corporation or utility district, (e) execute amendments to any covenants and restrictions affecting any of the Collective Leased Properties and (f) execute and deliver to any Person any instrument appropriate to confirm or effect such grants, release, dedications, transfers, petitions and amendments (to the extent of its interests in such Leased Property); provided, however, that Landlord shall have first determined that such grant, release, dedication, transfer, petition or amendment is not detrimental to the operation of the applicable Leased Property for its Primary Intended Use and does not materially reduce the value of such Leased Property, and Landlord shall have received an Officer's Certificate confirming such determination, together with such additional information as Landlord may request.

Appears in 3 contracts

Samples: Master Lease Agreement (Crescent Real Estate Equities Co), Master Lease Agreement (Crescent Real Estate Equities Inc), Master Lease Agreement (Magellan Health Services Inc)

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Landlord to Grant Easements, Etc. Landlord shall from time to time, so long as no Default or Event of Default shall have occurred and be continuing, at the request of Tenant and at Tenant's sole cost and expense, (a) grant easements and other rights in the nature of easements with respect to any of the Collective Leased Properties to third parties, ; (b) release existing easements or other rights in the nature of easements which are for the benefit of any of the Collective Leased Properties, ; (c) dedicate or transfer unimproved portions of any of the Collective Leased Properties for road, highway or other public purposes, ; (d) execute petitions to have any of the Collective Leased Properties annexed to any municipal corporation or utility district, ; (e) execute amendments to any covenants and restrictions affecting any of the Collective Leased Properties Properties; and (f) execute and deliver to any Person any instrument appropriate to confirm or effect such grants, release, dedications, transfers, petitions and amendments (to the extent of its interests in such Leased Property); provided, however, that Landlord shall have first reasonably determined in good faith that such grant, release, dedication, transfer, petition or amendment is not detrimental to the operation of the applicable Leased Property for its Primary Intended Use and does not materially reduce the value of such Leased Property, and Landlord shall have received an Officer's Certificate confirming certifying that such determinationgrant, release, dedication, transfer, petition or amendment is not detrimental to the operation of the applicable Leased Property for its Primary Intended use and does not materially reduce the value of such Leased Property, together with such additional information with respect thereto as Landlord may reasonably request.

Appears in 2 contracts

Samples: Master Lease Agreement (Senior Housing Properties Trust), Master Lease Agreement (Brookdale Living Communities Inc)

Landlord to Grant Easements, Etc. Landlord shall from time to time, so long as no Default or Event of Default shall have occurred and be continuing, at the request of Tenant and at Tenant's sole cost and expense, (a) grant easements and other rights in the nature of easements with respect to any of the Collective Leased Properties to third partiespa ties, (b) release existing easements or other rights in the nature of easements which are for the benefit of any of the Collective Leased Properties, (c) dedicate or transfer unimproved portions of any of the Collective Leased Properties for road, highway or other public purposes, (d) execute petitions to have any of the Collective Leased Properties annexed to any municipal corporation or utility district, (e) execute amendments to any covenants and restrictions affecting any of the Collective Leased Properties and (f) execute and deliver to any Person any instrument appropriate to confirm or effect such grants, release, dedications, transfers, petitions and amendments (to the extent of its interests in such Leased Property); provided, however, that Landlord shall have first determined that such grant, release, dedication, transfer, petition or amendment is not detrimental to the operation of the applicable Leased Property for its Primary Intended Use and does not materially reduce the value of such Leased Property, and Landlord shall have received an Officer's Certificate confirming such determination, together with such additional information as Landlord may request.

Appears in 1 contract

Samples: Master Lease Agreement (Magellan Health Services Inc)

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Landlord to Grant Easements, Etc. Landlord shall will, from time to time, so long as no Default or Event of Default shall have has occurred and be is continuing, at the request of Tenant and at Tenant's sole ’s cost and expenseexpense (but subject to the approval of Landlord, which approval shall not be unreasonably withheld or delayed), (a) grant easements and other rights in the nature of easements with respect to any of the Collective Leased Properties Property to third parties, (b) release existing easements or other rights in the nature of easements which are for the benefit of any of the Collective Leased PropertiesProperty, (c) dedicate or transfer unimproved portions of any of the Collective Leased Properties Property for road, highway or other public purposes, (d) execute petitions to have any of the Collective Leased Properties Property annexed to any municipal corporation or utility district, (e) execute amendments to any covenants and restrictions affecting any of the Collective Leased Properties Property and (f) execute and deliver to any Person person any instrument appropriate to confirm or effect such grants, releasereleases, dedications, transfers, petitions and amendments (to the extent of its interests in such the Leased Property); provided, however, that but only upon delivery to Landlord shall have first determined of an Officer’s Certificate stating that such grant, release, dedication, transfer, petition or amendment is not detrimental to the operation proper conduct of the applicable business of Tenant on the Leased Property for its Primary Intended Use and does not materially reduce the value of such the Leased Property, and Landlord shall have received an Officer's Certificate confirming such determination, together with such additional information as Landlord may request.

Appears in 1 contract

Samples: Agreement of Lease (American Realty Capital Hospitality Trust, Inc.)

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