Common use of New Lease Clause in Contracts

New Lease. Lessor shall have the right, at any time and from time to time during the Term for a legitimate business purpose, by written notice to Tenant, to require Tenant to execute an amendment to this Lease whereby one or more Leased Properties (individually, a “Transferred Property” or collectively, “Transferred Properties”) is separated and removed from this Lease, and to simultaneously execute a substitute lease with respect to such Transferred Property(ies), in which case:

Appears in 13 contracts

Samples: Master Lease Agreement (Kindred Healthcare, Inc), Master Lease Agreement (Kindred Healthcare, Inc), Guaranty of Lease (Kindred Healthcare, Inc)

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New Lease. Lessor shall have the right, at any time and --------- from time to time during the Term for a legitimate business purpose, by written notice to Tenant, to require Tenant to execute an amendment to this Lease whereby one or more Leased Properties (individually, a "Transferred Property" or -------------------- collectively, "Transferred Properties") is separated and removed from this ---------------------- Lease, and to simultaneously execute a substitute lease with respect to such Transferred Property(ies), in which case:

Appears in 5 contracts

Samples: Master Lease Agreement (Kindred Healthcare Inc), Master Lease Agreement (Kindred Healthcare Inc), Master Lease Agreement (Kindred Healthcare Inc)

New Lease. Lessor shall have the right, at any time and from --------- time to time during the Term for a legitimate business purpose, by written notice to Tenant, to require Tenant to execute an amendment to this Lease whereby one or more Leased Properties (individually, a "Transferred Property" or -------------------- collectively, "Transferred Properties") is separated and removed from this ---------------------- Lease, and to simultaneously execute a substitute lease with respect to such Transferred Property(ies), in which case:

Appears in 1 contract

Samples: Master Lease Agreement (Ventas Inc)

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New Lease. Lessor shall have the right, at any time and from time to time during the Term for a legitimate business purpose, by written notice to Tenant, to require Tenant to execute an amendment to this Lease whereby one or more Leased Properties (individually, a "Transferred Property" or collectively, "Transferred Properties") is separated and removed from this Lease, and to simultaneously execute a substitute lease with respect to such Transferred Property(ies), in which case:

Appears in 1 contract

Samples: Master Lease Agreement (Ventas Inc)

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