Common use of Leased Property and Term Clause in Contracts

Leased Property and Term. 2.1 Leased Property Upon and subject to the terms and conditions hereinafter set forth, Landlord leases to Tenant and Tenant leases from Landlord all of Landlord's right, title and interest in and to all of the following (collectively, the "Leased Property"): (a) those certain tracts, pieces and parcels of land, as more particularly described in Exhibit C, attached hereto and made a part hereof (the "Land"); (b) all buildings, structures and other improvements of every kind including, but not limited to, the Hotel, alleyways and connecting tunnels, sidewalks, utility pipes, conduits and lines (on-site and off-site), parking areas and roadways appurtenant to such buildings and structures presently situated upon the Land (collectively, the "Leased Improvements"); (c) all easements, rights and appurtenances relating to the Land and the Leased Improvements; (d) all equipment, machinery, fixtures, and other items of property, now or hereafter permanently affixed to or incorporated into the Leased Improvements, including, without limitation, all furnaces, boilers, heaters, electrical equipment, heating, plumbing, lighting, ventilating, refrigerating, incineration, air and water pollution control, waste disposal, air-cooling and air-conditioning systems and apparatus, sprinkler systems and fire and theft protection equipment, all of which, to the maximum extent permitted by law, are hereby deemed by the parties hereto to constitute real estate, together with all replacements, modifications, alterations and additions thereto, but specifically excluding all items included within the category of Tenant's Personal Property (collectively, the "Fixtures"); (e) all machinery, equipment, furniture, furnishings, moveable walls or partitions, computers or trade fixtures located on or in the Leased Improvements, and all modifications, replacements, alterations and additions to such property, except items, if any, included within the category of Fixtures, but specifically excluding all items included within the category of Tenant's Personal Property (collectively, the "Leased Personal Property"); (f) all of the Leased Intangible Property; and (g) any and all leases of space (including any security deposits held by Tenant or Manager pursuant thereto) in the Leased Improvements to tenants thereof.

Appears in 3 contracts

Samples: Lease Agreement (CNL Hospitality Properties Inc), Lease Agreement (CNL Hospitality Properties Inc), Lease Agreement (CNL Hospitality Properties Inc)

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Leased Property and Term. 2.1 Leased Property Upon Subject to the satisfaction of the Conditions Precedent in Section 2.2 below, upon and subject to all of the other terms and conditions hereinafter set forthforth in this Lease, Landlord leases to Tenant and Tenant leases rents from Landlord all of Landlord's right, title and interest in and to all of the following property (collectively, the "Leased Property"): (a) those certain tracts, pieces and parcels of land, as more particularly described in Exhibit C, attached hereto and made a part hereof (the "Land"); (b) the sixty-four (64) bed, two hundred twenty-five thousand (225,000) gross square feet general acute care hospital building (the "Building") located on the Land, all buildings, structures Fixtures and other improvements of every kind including, but not limited to, the Hotel, alleyways and connecting tunnels, sidewalks, utility pipes, conduits and lines (on-site and off-site), parking areas and roadways appurtenant to such buildings and structures presently or hereafter situated upon the Land and related to the Building, and Capital Additions financed by Landlord (collectively, the "Leased Improvements"); (c) the Northeast Parking Parcel; (d) all easements, rights and appurtenances relating to the Land Land, the Northeast Parking Parcel and the Leased Improvements;; and (de) all permanently affixed equipment, machinery, fixtures, fixtures and other items of real and/or personal property, including all components thereof, now and hereafter located in, on or hereafter used in connection with, and permanently affixed to or incorporated into the Leased ImprovementsBuilding, the Land, and the Northeast Parking Parcel, including, without limitation, all furnaces, boilers, heaters, electrical equipment, heating, plumbing, lighting, ventilating, refrigerating, incineration, air and water pollution control, waste disposal, air-cooling and air-conditioning systems and apparatus, sprinkler systems and fire and theft protection equipment, and built-in vacuum systems, cable transmission, built-in oxygen and similar systems, all of which, to the maximum greatest extent permitted by law, are hereby deemed by the parties hereto to constitute real estate, together with all replacements, modifications, alterations and additions thereto, but specifically excluding all items included within the category of Tenant's Personal Property thereto (collectively, the "Fixtures");. 1. SUBJECT, HOWEVER, to the matters set forth on EXHIBIT B attached hereto and incorporated herein by reference (e) all machinerythe "Permitted Exceptions"), equipment, furniture, furnishings, moveable walls or partitions, computers or trade fixtures located on or in Tenant shall have and hold the Leased Improvements, and all modifications, replacements, alterations and additions to such property, except items, if any, included within the category of Fixtures, but specifically excluding all items included within the category of Tenant's Personal Property for a fixed term (collectively, the "Leased Personal PropertyFixed Term"); (f) all of commencing on the Leased Intangible Property; and (g) any and all leases of space (including any security deposits held by Tenant or Manager pursuant thereto) in date on which Landlord acquires title to the Leased Improvements pursuant to tenants thereofthe Purchase Agreement (the "Commencement Date"), and ending at midnight on the fifteenth (15th) anniversary of the Commencement Date.

Appears in 1 contract

Samples: Lease Agreement (Medical Properties Trust Inc)

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