Common use of LESSOR TO GRANT EASEMENTS Clause in Contracts

LESSOR TO GRANT EASEMENTS. Lessor will, from time to time so long as no default, and no event has occurred which with the giving of notice or the passage of time or both would constitute a default, has occurred and is continuing under this Lease, at the request of Lessee and at Lessee's cost and expense, but subject to the approval of Lessor (a) grant easements and other rights in the nature of easements, (b) release existing easements or other rights in the nature of easements which are for the benefit of the Leased Property, (c) dedicate or transfer unimproved portions of the Leased Property for road, highway or other public purposes, (d) execute petitions to have the Leased Property annexed to any municipal corporation or utility district, (e) execute amendments to any covenants and restrictions affecting the Leased Property and (f) execute and deliver to any person any instrument appropriate to confirm or effect such grants, releases, dedications and transfers (to the extent of its interest in the Leased Property), but only upon delivery to Lessor of an Officer's Certificate stating (and such other information as Lessor may reasonably require confirming) that such grant, release, dedication, transfer, petition or amendment is required for and not detrimental to the proper conduct of the Primary Intended Use on the Leased Property and does not reduce its value.

Appears in 2 contracts

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

AutoNDA by SimpleDocs

LESSOR TO GRANT EASEMENTS. Lessor will, from From time to time during the Term, so long as no default, Event of Default then exists and no event has occurred then exists which with the giving of notice or the passage of time or both would constitute a defaultan Event of Default, has occurred and is continuing under this LeaseLessor may, in its reasonable discretion, at the request of Lessee and at Lessee's cost and expense, but subject to the approval of Lessor ; (a) grant easements and other rights in the nature of easements, ; (b) release existing easements or other rights in the nature of easements which are for the benefit of the Leased Property, ; (c) dedicate or transfer unimproved portions of the Leased Property for road, highway or other public purposes, ; (d) execute petitions to have the Leased Property annexed to any municipal corporation or utility district, ; (e) execute amendments to any covenants and restrictions affecting the Leased Property Property; and (f) execute and deliver to any person any instrument appropriate to confirm or effect such grants, releases, dedications and transfers (to the extent of its interest in the Leased Property), but only upon delivery to Lessor of an Officer's Certificate stating (and such other information as Lessor may reasonably require confirming) confirming that such grant, release, dedication, transfer, petition or amendment is required for or useful in connection with, and not detrimental to to, the proper conduct of the Primary Intended Use on the Leased Property and does not reduce its valuethe value of the Leased Property.

Appears in 2 contracts

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

LESSOR TO GRANT EASEMENTS. Lessor will, from From time to time during the Term, so long as no default, Event of Default then exists and no event has occurred then exists which with the giving of notice or the passage of time or both would constitute a defaultan Event of Default, has occurred and is continuing under this LeaseLessor may, in its reasonable discretion, at the request of Lessee and at Lessee's ’s cost and expense, but subject to the approval of Lessor ; (a) grant easements and other rights in the nature of easements, ; (b) release existing easements or other rights in the nature of easements which are for the benefit of the Leased Property, ; (c) dedicate or transfer unimproved portions of the Leased Property for road, highway or other public purposes, ; (d) execute petitions to have the Leased Property annexed to any municipal corporation or utility district, ; (e) execute amendments to any covenants and restrictions affecting the Leased Property Property; and (f) execute and deliver to any person any instrument appropriate to confirm or effect such grants, releases, dedications and transfers (to the extent of its interest in the Leased Property), but only upon delivery to Lessor of an Officer's Certificate stating (and such other information as Lessor may reasonably require confirming) confirming that such grant, release, dedication, transfer, petition or amendment is required for or useful in connection with, and not detrimental to to, the proper conduct of the Primary Intended Use on the Leased Property and does not reduce its valuethe value of the Leased Property.

Appears in 1 contract

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

AutoNDA by SimpleDocs

LESSOR TO GRANT EASEMENTS. Lessor will, from From time to time during the Term, upon the request of Lessee, and so long as no default, Event of Default exists and no event has occurred which with the giving of notice or the passage of time or both would constitute a defaultan Event of Default, has occurred and is continuing under this LeaseLessor may, at the request of Lessee in its reasonable discretion, and at Lessee's ’s cost and expense, but subject to the approval of Lessor (a) grant easements and other rights in the nature of easements, ; (b) release existing easements or other rights in the nature of easements which are for the benefit of the Leased Property, ; (c) dedicate or transfer unimproved portions of the Leased Property for road, highway or other public purposes, ; (d) execute petitions to have the Leased Property annexed to any municipal corporation or utility district, ; (e) execute amendments to any covenants and restrictions affecting the Leased Property Property; and (f) execute and deliver to any person any instrument appropriate to confirm or effect such grants, releases, dedications and transfers (to the extent of its interest in the Leased Property), but only upon delivery to Lessor of an Officer's Certificate stating (and such other information as Lessor may reasonably require confirming) confirming that such grant, release, dedication, transfer, petition or amendment is required for for, and not detrimental to to, the proper conduct of the Primary Intended Use on the Leased Property and does not reduce its valuethe value of the Leased Property.

Appears in 1 contract

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

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!