Common use of Lessor Alterations Clause in Contracts

Lessor Alterations. Lessor shall have the right, without Lessee's consent, to make or cause to be made alterations to the Leased Property required in connection with (i) Emergency Situations, (ii) Legal Requirements, (iii) maintenance of the Franchise Agreement, (iv) any Mortgage (v) any Capital Improvement which Lessor has elected to build or install itself, as provided in Section 3.5 hereof, or (vi) the performance by Lessor of its obligations under this Lease. Lessor shall further have the right, but not the obligation, to make such other additions to the Leased Property as it may reasonably deem appropriate during the term of the Lease, subject to Lessee's approval which shall not be unreasonably withheld. All such work unless necessitated by Lessee's acts or omissions or unless otherwise required to be performed by Lessee under this Lease (in which event work shall be paid for by Lessee) shall be performed at Lessor's expense and shall be done after reasonable notice to and coordination with Lessee, so as to minimize any disruptions or interference with the operation of the Facility. In the event such work materially interferes with the operation of the Facility, Base Rent shall be equitably abated. If Lessee withholds its consent to any additions or other work which Lessor has the right, but not the obligation, to make pursuant to the foregoing provisions of this Section 10.3, or if the extent of abatement of Rent cannot be agreed upon, the matter shall be referred to arbitration pursuant to the provisions of Article XL.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Prime Hospitality Corp)

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Lessor Alterations. Lessor shall have the right, without Lessee's consent, to make or cause to be made alterations to the Leased Property required in connection with (i) Emergency Situations, (ii) Legal Requirements, (iii) maintenance of the Franchise Agreement, (iv) any Mortgage Mortgage, (v) any Capital Improvement which Lessor has elected to build or install itself, as provided in Section 3.5 hereof, or (vi) the performance by Lessor of its obligations under this Lease. Lessor shall further have the right, but not the obligation, to make such other additions to the Leased Property as it may reasonably deem appropriate during the term of the Lease, subject to Lessee's approval which shall not be unreasonably withheld. All such work unless necessitated by Lessee's acts or omissions or unless otherwise required to be performed by Lessee under this Lease (in which event work shall be paid for by Lessee) shall be performed at Lessor's expense and shall be done after reasonable notice to and coordination with Lessee, so as to minimize any disruptions or interference with the operation of the Facility. In the event such work materially interferes with the operation of the Facility, Base Rent shall be equitably abated. If Lessee withholds its consent to any additions or other work which Lessor has the right, but not the obligation, to make pursuant to the foregoing provisions of this Section 10.3, or if the extent of abatement of Rent cannot be agreed upon, the matter shall be referred to arbitration pursuant to the provisions of Article XLSection 40.2.

Appears in 1 contract

Samples: Stock Purchase Agreement (Keystone Inc Et Al)

Lessor Alterations. Lessor shall have the right, without Lessee's ’s consent, to make or cause to be made alterations to the Leased Property required in connection with (i) Emergency Situations, (ii) Legal Requirements, (iii) maintenance of compliance with the Franchise Management Agreement, (iv) compliance with any Mortgage Franchise Agreement, and (v) any Capital Improvement which Lessor has elected to build or install itself, as provided in Section 3.5 hereof, or (vi) the performance by Lessor of its obligations under this Lease, so long as such alterations do not materially and adversely impair the operating efficiency or revenue producing capability of the Leased Property or the ability of Lessee to comply with the provisions of this Lease during the remainder of the Term. Without Lessee’s consent, Lessor shall further have the right, but not the obligation, to make such other additions to the Leased Property as it may reasonably deem appropriate during the term Term, so long as such alterations do not materially and adversely impair the operating efficiency or revenue producing capability of the Lease, subject Leased Property or the ability of Lessee to Lessee's approval which shall not be unreasonably withheldcomply with the provisions of this Lease during the remainder of the Term. All such work unless necessitated by Lessee's ’s negligent acts or omissions or unless otherwise required to be performed by Lessee under this Lease (subject to the notice and cure provisions herein) (in which event work shall be paid for by Lessee) shall be performed at Lessor's ’s expense and shall be done after reasonable notice to and coordination with Lessee, so as to minimize any disruptions or interference with the operation of the Facility. In the event such work materially interferes with the operation of the Facility, Base Rent shall be equitably abated. If Lessee withholds its consent to any additions or other work which Lessor has the right, but not the obligation, to make pursuant to the foregoing provisions of this Section 10.3, or if the extent of abatement of Rent cannot be agreed upon, the matter shall be referred to arbitration pursuant to the provisions of Article XL.

Appears in 1 contract

Samples: Lease Agreement (Behringer Harvard Opportunity REIT I, Inc.)

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Lessor Alterations. Lessor shall have the right, without Lessee's consentLessxx'x xonsent, to make or cause to be made alterations to the Leased Property required in connection with (i) Emergency Situations, (ii) Legal Requirements, and (iii) maintenance of the Franchise Agreement, (iv) any Mortgage (v) any Capital Improvement which Lessor has elected to build or install itself, as provided in Section 3.5 hereof, or (vi) the performance by Lessor of its obligations under this LeaseLease so long as such alterations do not materially and adversely impair the operating efficiency or revenue producing capability of the Leased Property or the ability of Lessee to comply with the provisions of this Lease during the remainder of the Term. Without Lessxx'x xonsent, Lessor shall further have the right, but not the obligation, to make such other additions to the Leased Property as it may reasonably deem appropriate during the term Term of the this Lease, subject to Lessee's approval which shall not be unreasonably withheld. All such work unless necessitated by Lessee's Lessxx'x xegligent acts or omissions or unless otherwise required to be performed by Lessee under this Lease (subject to the notice and cure provisions herein) (in which event work shall be paid for by Lessee) shall be performed at Lessor's expense and shall be done after reasonable notice to and coordination with Lessee, so as to minimize any disruptions or interference with the operation of the Facility. In the event such work materially interferes with the operation of the Facility, Base Rent shall be equitably abated. If Lessee withholds its consent to any additions or other work which Lessor has the right, but not the obligation, to make pursuant to the foregoing provisions of this Section 10.3, or if the extent of abatement of Rent cannot be agreed upon, the matter shall be referred to arbitration pursuant to the provisions of Article XLProject.

Appears in 1 contract

Samples: Lease Agreement (Crescent Operating Inc)

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