Common use of LESSOR TO GRANT EASEMENTS Clause in Contracts

LESSOR TO GRANT EASEMENTS. From time to time during the Term, upon the request of Lessee, and so long as no Event of Default then exists, and no event has then occurred which with the giving of notice or the passage of time or both would constitute such an Event of Default, Lessor may, in its reasonable discretion, subject to the terms of the Oklahoma Ground Lease (if applicable) and the Kershaw Medical Center Lease (if applicable), and at Lessee’s cost and expense, (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 or any portion thereof; (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 or any portion thereof annexed to any municipal corporation or utility district; (e) execute amendments to any covenants and restrictions affecting the Leased Property or any portion thereof; 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 such information as Lessor may reasonably require confirming that such grant, release, dedication, transfer, petition or amendment is required for, and not materially detrimental to, the proper conduct of the Primary Intended Use on the Leased Property and does not reduce the value of the Leased Property or any portion thereof.

Appears in 1 contract

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

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LESSOR TO GRANT EASEMENTS. From time to time during the Term, upon the request of Lessee, and so long as no Event of Default then exists, and no event has then occurred which with the giving of notice or the passage of time or both would constitute such an Event of Default, Lessor may, in its reasonable discretion, subject to the terms of the Master Lease and the Oklahoma Ground Lease (if applicable) and the Kershaw Medical Center Lease (if applicable), and at Lessee’s cost and expense, (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 or any portion thereof; (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 or any portion thereof annexed to any municipal corporation or utility district; (e) execute amendments to any covenants and restrictions affecting the Leased Property or any portion thereof; 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 such information as Lessor may reasonably require confirming that such grant, release, dedication, transfer, petition or amendment is required for, and not materially detrimental to, the proper conduct of the Primary Intended Use on the Leased Property and does not reduce the value of the Leased Property or any portion thereof.

Appears in 1 contract

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

LESSOR TO GRANT EASEMENTS. From time to time during the Term, upon the request of Lessee, and so long as no Event of Default then exists, and no event has then occurred which with the giving of notice or the passage of time or both would constitute such an Event of Default, Lessor may, in its reasonable discretion, subject to the terms of the Master Lease, the Oklahoma Ground Lease (if applicable) and the Kershaw Medical Center Lease (if applicable), and at Lessee’s cost and expense, (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 or any portion thereof; (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 or any portion thereof annexed to any municipal corporation or utility district; (e) execute amendments to any covenants and restrictions affecting the Leased Property or any portion thereof; 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 such information as Lessor may reasonably require confirming that such grant, release, dedication, transfer, petition or amendment is required for, and not materially detrimental to, the proper conduct of the Primary Intended Use on the Leased Property and does not reduce the value of the Leased Property or any portion thereof.

Appears in 1 contract

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

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LESSOR TO GRANT EASEMENTS. From Lessor will, from time to time during the Term, upon the request of Lessee, and so long as no Event of Default then existsdefault, and no event has then occurred which with the giving of notice or the passage of time or both would constitute such an Event a default, has occurred and is continuing under this Lease, the Tenant Leases or the Other Lease, at the request of Default, Lessor may, in its reasonable discretion, subject to the terms of the Oklahoma Ground Lease (if applicable) and the Kershaw Medical Center Lease (if applicable), Lessee and at Lessee’s 's cost and expense, but subject to the approval of Lessor (a) grant easements easements/servitudes and other rights in the nature of easements/servitudes, (b) release existing easements easements/servitudes or other rights in the nature of easements easements/servitudes which are for the benefit of the Leased Property or any portion thereof; 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 or any portion thereof annexed to any municipal corporation or utility district; , (e) execute amendments to any covenants and restrictions affecting the Leased Property or any portion thereof; 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 materially detrimental to, to the proper conduct of the Primary Intended Use on the Leased Property and does not reduce the value of the Leased Property or any portion thereofits value.

Appears in 1 contract

Samples: Lease Agreement (Medical Properties Trust Inc)

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