Common use of Lessor's Agreement to Fund Clause in Contracts

Lessor's Agreement to Fund. the Project and Lessee's Agreement to Supervise the Project. Lessee and Lessor have agreed that the Project will be a benefit to the premises demised under the Facility Lease and to Lessee's and Lessor's respective interests therein. Lessor and Lessee have further agreed that, pursuant to, and in accordance with, the terms and conditions of this Agreement, Lessor shall fund an amount not to exceed TWO MILLION FIVE HUNDRED THOUSAND DOLLARS ($2,500,000) of the cost of the Project (the "Project Funds"). Lessee has agreed to supervise and manage the construction of the Project and Lessor has agreed to advance the Project Funds to pay for the cost of the construction of the Project; all pursuant to the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Leasehold Improvement Agreement (Emeritus Corp\wa\)

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Lessor's Agreement to Fund. the Project and Lessee's Agreement to Supervise the Project. Lessee and Lessor have agreed that the Project will be a benefit to the premises demised under the Facility Lease and to Lessee's and Lessor's respective interests therein. Lessor and Lessee have further agreed that, pursuant to, and in accordance with, the terms and conditions of this Agreement, Lessor shall fund an amount not to exceed TWO MILLION FIVE HUNDRED THOUSAND DOLLARS Four Million Eight Hundred Sixty Two Thousand One Hundred Seventy Six Dollars ($2,500,0004,862,176) of the cost of the o fthe Project (the "Project Funds"). Lessee has agreed to supervise and manage the construction of the Project and Lessor has agreed to advance the Project Funds to pay for the cost of the construction of the Project; all pursuant to the terms and conditions of this Agreement.. 1 1.6

Appears in 1 contract

Samples: Arizona Leasehold Improvement Agreement (Emeritus Corp\wa\)

Lessor's Agreement to Fund. the Project and Lessee's Agreement to Supervise the Project. Lessee and Lessor have agreed that the Project will be a benefit to the premises demised under the Facility Lease and to Lessee's and Lessor's respective interests therein. Lessor and Lessee have further agreed that, pursuant to, and in accordance with, the terms and conditions of this Agreement, Lessor shall fund an amount not to exceed TWO NINE MILLION FIVE SIX HUNDRED THOUSAND DOLLARS ($2,500,0009,600,000) of the cost of the Project (the "Project Funds"). Lessee has agreed to supervise and manage the construction of the Project and Lessor has agreed to advance the Project Funds to pay for the cost of the construction of the Project; all pursuant to the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Leasehold Improvement Agreement (Emeritus Corp\wa\)

Lessor's Agreement to Fund. the Project and Lessee's Agreement to Supervise the Project. Lessee and Lessor have agreed that the Project will be a benefit to the premises demised under the Facility Lease and to Lessee's and Lessor's respective interests therein. Lessor and Lessee have further agreed that, pursuant to, and in accordance with, the terms and conditions of this Agreement, Lessor shall fund an amount not to exceed TWO MILLION FIVE HUNDRED THOUSAND DOLLARS Seven Million Seven Hundred Seventeen Thousand Five Hundred Thirty-Six and No Dollars ($2,500,0007,7I7,536.00) of the cost of the Project (the "Project Funds"). Lessee has agreed to supervise and manage the construction of the Project and Lessor has agreed to advance the Project Funds to pay for the cost of the construction of the Project; all pursuant to the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Leasehold Improvement Agreement (Emeritus Corp\wa\)

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Lessor's Agreement to Fund. the Project and Lessee's Agreement to Supervise the Project. Lessee and Lessor have agreed that the Project will be a benefit to the premises demised under the Facility Lease and to Lessee's and Lessor's respective interests therein. Lessor and Lessee have further agreed that, pursuant to, and in accordance with, the terms and conditions of this Agreement, Lessor shall fund an amount not to exceed TWO MILLION FIVE HUNDRED THOUSAND DOLLARS Eight Million One Thousand Six Hundred Eighty-Nine Dollars ($2,500,0008,001,689.00) of the cost of the Project (the "Project Funds"). Lessee has agreed to supervise and manage the construction of the Project and Lessor has agreed to advance the Project Funds to pay for the cost of the construction of the Project; all pursuant to the terms and conditions of this Agreement.agreed

Appears in 1 contract

Samples: Leasehold Improvement Agreement (Emeritus Corp\wa\)

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