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

Lessor to Grant Easements, Etc. Lessor will, from time to time, so long as no Event of Default has occurred and is continuing, at the request of Lessee and at Lessee's cost and expense (but subject to the approval of Lessor, which approval shall not be unreasonably withheld or delayed), (a) grant easements and other rights in the nature of easements with respect to the Leased Property or any part thereof to third parties, (b) release existing easements or other rights in the nature of easements which are for the benefit of the Leased Property or any part thereof, (c) dedicate or transfer unimproved portions of the Leased Property or any part thereof for road, highway or other public purposes, (d) execute petitions to have the Leased Property or any part thereof annexed to any municipal corporation or utility district, (e) execute amendments or additions to any covenants and restrictions affecting the Leased Property or any part thereof and (f) execute and deliver to any Person any instrument appropriate to confirm or effect such grants, releases, dedications, transfers, petitions and amendments (to the extent of its interests in the Leased Property), but only upon delivery to Lessor of an Officer's Certificate stating that such grant, release, dedication, transfer, petition or amendment is beneficial to the proper conduct of the business of Lessee on the Leased Property and does not materially reduce the value of the Leased Property. 8.1 Compliance with Legal, Insurance Requirements, Lessor's Insurance and Tax Obligations, Lessee's Net Worth Obligation. Subject to Article XII relating to permitted contests, Lessee, at its expense, will promptly (a) comply and cause the Leased Property to comply with all applicable Legal Requirements and Insurance Requirements in respect of the use, operation, maintenance, repair and restoration of the Leased Property; provided, however, that Lessor shall be responsible for the cost of compliance with Insurance Requirements presented to Lessor in writing, to the extent set forth in Article XIII, and shall be responsible for all Capital Expenditures to the extent provided in Sections 3.6 and 3.7, unless the need for such Capital Expenditure is the result of Lessee's negligence, misconduct or an Alteration (as defined in Section 10.1) made by or commenced by Lessee other than Alterations contained in the Capital Expenditure Budget, and (b) procure, maintain and comply with all appropriate licenses and other authorizations required for any use of the Leased Property and Lessee's Personal Property then being made, and for the proper erection, installation, operation and maintenance of the Leased Property or any part thereof.

Appears in 2 contracts

Samples: Percentage Lease Agreement (Boykin Lodging Co), Percentage Lease Agreement (Red Lion Inns Limited Partnership)

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Lessor to Grant Easements, Etc. Lessor will, from time to time, so long as no Event of Default has occurred and is continuing, at the request of Lessee and at Lessee's ’s cost and expense (but subject to the approval of Lessor, which approval shall not be unreasonably withheld or delayed), (a) grant easements and other rights in the nature of easements with respect to the Leased Property or any part thereof to third parties, (b) release existing easements or other rights in the nature of easements which are for the benefit of the Leased Property or any part thereofProperty, (c) dedicate or transfer unimproved portions of the Leased Property or any part thereof for road, highway or other public purposes, (d) execute petitions to have the Leased Property or any part thereof annexed to any municipal corporation or utility district, (e) execute amendments or additions to any covenants and restrictions affecting the Leased Property or any part thereof and (f) execute and deliver to any Person person any instrument appropriate to confirm or effect such grants, releases, dedications, transfers, petitions and amendments (to the extent of its interests in the Leased Property), but only upon delivery to Lessor of an Officer's ’s Certificate stating that such grant, release, dedication, transfer, petition or amendment is beneficial to does not interfere with the proper conduct of the business of Lessee on the Leased Property and does not materially reduce the value of the Leased Property. 8.1 Compliance with Legal, Legal and Insurance Requirements, Lessor's Insurance and Tax Obligations, Lessee's Net Worth Obligationetc. Subject to Section 8.3(b) below and Article XII relating to permitted contests, Lessee, at its expense, will promptly (a) comply and cause the Leased Property to comply with all applicable Legal Requirements and Insurance Requirements in respect of the use, operation, maintenance, repair and restoration of the Leased Property; provided, however, that Lessor shall be responsible for the cost of compliance with Insurance Requirements presented to Lessor in writing, to the extent set forth in Article XIII, and shall be responsible for all Capital Expenditures to the extent provided in Sections 3.6 and 3.7, unless the need for such Capital Expenditure is the result of Lessee's negligence, misconduct or an Alteration (as defined in Section 10.1) made by or commenced by Lessee other than Alterations contained in the Capital Expenditure Budget, and (b) procure, maintain and comply with all appropriate licenses and other authorizations required for any use of the Leased Property and Lessee's ’s Personal Property then being made, and for the proper erection, installation, operation and maintenance of the Leased Property or any part thereof.

Appears in 1 contract

Samples: Master Lease Agreement (Supertel Hospitality Inc)

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Lessor to Grant Easements, Etc. Lessor will, from time to time, so long as no Event of Default has occurred and is continuing, at the request of Lessee and at Lessee's ’s cost and expense (but subject to the approval of Lessor, which approval shall not be unreasonably withheld or delayed, and provided, further, that if Lessor has not responded to any such request of Lessee within ten (10) days after receipt by Lessor of such documents and information as Lessor may reasonably require in order to evaluate the request, Notice of which requirements shall be sent to Lessee within seven (7) days following Lessee’s request, such request shall be deemed approved), (ai) grant easements and other rights in the nature of easements with respect to the Leased Property or any part thereof to third parties, (bii) release existing easements or other rights in the nature of easements which are for the benefit of the Leased Property or any part thereofProperty, (ciii) dedicate or transfer unimproved portions of the Leased Property or any part thereof for road, highway or other public purposes, (div) execute petitions to have the Leased Property or any part thereof annexed to any municipal corporation or utility district, (ev) execute amendments or additions to any covenants and restrictions affecting the Leased Property or any part thereof and (fvi) execute and deliver to any Person person any instrument appropriate to confirm or effect such grants, releases, dedications, transfers, petitions and amendments (to the extent of its interests in the Leased Property), but only upon delivery to Lessor of an Officer's ’s Certificate stating that such grant, release, dedication, transfer, petition or amendment is beneficial not detrimental to the proper conduct of the business of Lessee on the Leased Property and does not materially reduce the value of the Leased Property. 8.1 Compliance with Legal, Insurance Requirements, Lessor's Insurance and Tax Obligations, Lessee's Net Worth Obligation. Subject Lessor does hereby irrevocably appoint Lessee the attorney-in-fact of Lessor during the Term to Article XII execute any documents relating to permitted contests, Lessee, at its expense, will promptly (a) comply and cause the Leased Property above matter which have been approved or are deemed to comply with all applicable Legal Requirements and Insurance Requirements in respect of the use, operation, maintenance, repair and restoration of the Leased Property; provided, however, that have been approved by Lessor shall be responsible for the cost of compliance with Insurance Requirements presented to Lessor in writing, to the extent set forth in Article XIII, and shall be responsible for all Capital Expenditures to the extent as provided in Sections 3.6 and 3.7, unless the need for such Capital Expenditure is the result of Lessee's negligence, misconduct or an Alteration (as defined in Section 10.1) made by or commenced by Lessee other than Alterations contained in the Capital Expenditure Budget, and (b) procure, maintain and comply with all appropriate licenses and other authorizations required for any use of the Leased Property and Lessee's Personal Property then being made, and for the proper erection, installation, operation and maintenance of the Leased Property or any part thereofabove.

Appears in 1 contract

Samples: Master Lease Agreement (Universal Health Realty Income Trust)

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