Common use of Lessee’s Personal Property Clause in Contracts

Lessee’s Personal Property. All insurance proceeds payable by reason of any loss of or damage to any of Lessee's Personal Property or Capital Additions financed by Lessee shall be paid to Lessor and Lessor shall hold such insurance proceeds in trust to pay the cost of repairing or replacing the damage to Lessee's Personal Property or the Capital Additions financed by Lessee.

Appears in 12 contracts

Samples: Lease Agreement (Medical Properties Trust Inc), Lease Agreement (Medical Properties Trust Inc), Lease Agreement (Medical Properties Trust Inc)

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Lessee’s Personal Property. All insurance proceeds payable by reason of any loss of or damage to any of Lessee's Personal Property or Capital Additions financed by Lessee shall be paid to Lessor and Lessor shall hold such insurance proceeds in trust to pay the cost of repairing or replacing the damage to Lessee's Personal Property or the Capital Additions financed by Lessee.

Appears in 5 contracts

Samples: Percentage Lease Agreement (Boykin Lodging Co), Percentage Lease Agreement (Boykin Lodging Trust Inc), Master Lease (Integrated Health Services Inc)

Lessee’s Personal Property. All insurance proceeds payable by reason of any loss of or damage to any of Lessee's Personal Property or any Capital Additions Addition financed by Lessee shall be paid to Lessor and Lessor shall hold such insurance proceeds in trust to pay the cost of repairing or replacing the damage to Lessee's Personal Property or the Capital Additions financed by Lessee, unless Lessee elects to purchase the portion of the Leased Property relating to such Facility, in which case such proceeds shall be paid to Lessee.

Appears in 2 contracts

Samples: Master Funding and Development Agreement (Adeptus Health Inc.), Master Funding and Development Agreement (Adeptus Health Inc.)

Lessee’s Personal Property. All insurance proceeds payable by reason of any loss of or damage to any of Lessee's Personal Property or Capital Additions financed by Lessee and any business interruption insurance shall be paid to Lessee; provided, however, no such payments shall diminish or reduce the insurance payments otherwise payable to or for the benefit of Lessor and Lessor shall hold such insurance proceeds in trust to pay the cost of repairing or replacing the damage to Lessee's Personal Property or the Capital Additions financed by Lesseehereunder.

Appears in 2 contracts

Samples: Master Lease Agreement (Winston Hotels Inc), Lease Agreement (Highland Hospitality Corp)

Lessee’s Personal Property. All insurance proceeds payable by reason of any loss of or damage to any of Lessee's ’s Personal Property or Capital Additions financed by Lessee and any business interruption insurance shall be paid to Lessee; provided, however, no such payments shall diminish or reduce the insurance payments otherwise payable to or for the benefit of Lessor and Lessor shall hold such insurance proceeds in trust to pay the cost of repairing or replacing the damage to Lessee's Personal Property or the Capital Additions financed by Lesseehereunder.

Appears in 2 contracts

Samples: Lease Agreement (Eagle Hospitality Properties Trust, Inc.), Lease Agreement (Highland Hospitality Corp)

Lessee’s Personal Property. All insurance proceeds payable by reason of any loss of or damage to any of Lessee's ’s Personal Property or any Capital Additions financed by Lessee Addition shall be paid to Lessor and Lessor shall hold such insurance proceeds in trust Lessee to pay the cost of repairing or replacing the damage to Lessee's ’s Personal Property or the Capital Additions financed paid for by LesseeLessee with respect thereto.

Appears in 2 contracts

Samples: Master Lease Agreement (MPT Operating Partnership, L.P.), Master Lease Agreement (MPT Operating Partnership, L.P.)

Lessee’s Personal Property. All insurance proceeds payable by reason of any loss of or damage to any of Lessee's ’s Personal Property or any Capital Additions Addition financed by Lessee shall be paid to Lessor and Lessor shall hold such insurance proceeds in trust Lessee to pay the cost of repairing or replacing the damage to Lessee's ’s Personal Property or the Capital Additions financed by Lessee.

Appears in 2 contracts

Samples: Master Lease Agreement (MPT Operating Partnership, L.P.), Master Lease Agreement (MPT Operating Partnership, L.P.)

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Lessee’s Personal Property. All insurance proceeds payable by reason of any loss of or damage to any of Lessee's Xxxxxx’s Personal Property or Capital Additions financed by Lessee shall be paid to Lessor Lessee and Lessor shall hold such insurance proceeds in trust promptly applied by Lessee to pay the cost of repairing or replacing the damage to Lessee's ’s Personal Property or the Capital Additions financed by Lessee.

Appears in 1 contract

Samples: Lease Agreement

Lessee’s Personal Property. All insurance proceeds payable by reason of any loss of or damage to any of Lessee's ’s Personal Property or any Capital Additions Addition financed by Lessee shall be paid to Lessor and Lessor shall hold such insurance proceeds in trust to pay the cost of repairing or replacing the damage to Lessee's ’s Personal Property or the Capital Additions financed by Lessee, unless Lessee elects to purchase the portion of the Leased Property relating to such Facility, in which case such proceeds shall be paid to Lessee.

Appears in 1 contract

Samples: Master Funding and Development Agreement (Adeptus Health Inc.)

Lessee’s Personal Property. All insurance proceeds payable by reason of any loss of or damage to any of Lessee's ’s Personal Property or any Capital Additions Addition financed by Lessee shall be paid to Lessor and Lessor shall hold such insurance proceeds in trust to pay the cost of repairing or replacing the damage to Lessee's ’s Personal Property or the Capital Additions financed by Lessee.

Appears in 1 contract

Samples: Master Lease Agreement (MPT Operating Partnership, L.P.)

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