Non-Capital Additions. Tenant shall have the right, at Tenant's sole cost and expense, to make additions, modifications or improvements to the Collective Leased Properties which are not Capital Additions ("NON-CAPITAL ADDITIONS") from time to time as Tenant, in its discretion, may deem desirable for the applicable Primary Intended Use, provided that any such Non-Capital Addition will not materially detract from the value, operating efficiency or revenue-producing capability of the applicable Leased Property or adversely affect the ability of Tenant to comply with the provisions of this Agreement, and, without limiting the foregoing, will not violate any Legal Requirement or Insurance Requirement applicable to the applicable Leased Property. All such Non-Capital Additions shall, upon expiration or earlier termination of this Agreement, pass to and become the property of Landlord, free and clear of all liens and encumbrances, other than Permitted Encumbrances.
Appears in 2 contracts
Samples: Master Lease Agreement (Crescent Real Estate Equities Inc), Master Lease Agreement (Crescent Real Estate Equities Co)
Non-Capital Additions. Tenant shall have the right, at Tenant's sole cost and expense, to make additions, modifications or improvements to the Collective Leased Properties which are not Capital Additions ("NONNon-CAPITAL ADDITIONSCapital Additions") from time to time as Tenant, in its discretion, may deem desirable for the applicable Primary Intended Use, provided that any such Non-Capital Addition will not materially detract from the value, operating efficiency or revenue-producing capability of the applicable Leased Property or adversely affect the ability of Tenant to comply with the provisions of this Agreement, and, without limiting the foregoing, will not violate any Legal Requirement or Insurance Requirement applicable to the applicable Leased Property. All such Non-Capital Additions shall, upon expiration or earlier termination of this Agreement, pass to and become the property of Landlord, free and clear of all liens and encumbrances, other than Permitted Encumbrances.
Appears in 2 contracts
Samples: Master Lease Agreement (Magellan Health Services Inc), Master Lease Agreement (Magellan Health Services Inc)
Non-Capital Additions. Tenant shall have the right, at Tenant's sole cost and expense, to make additions, modifications or improvements to the Collective applicable Leased Properties Property which are not Capital Additions ("NONNon-CAPITAL ADDITIONSCapital Additions") from time to time as Tenant, in its discretion, may deem desirable for the applicable Primary Intended Use, provided that any such Non-Capital Addition action will not materially alter the character or purpose or materially detract from the value, operating efficiency or revenue-producing capability of the applicable such Leased Property Property, or adversely affect the ability of Tenant to comply with the provisions of this Agreementthe applicable Lease, and, without limiting the foregoing, will not adversely affect or violate any Legal Requirement or Insurance Requirement applicable to the applicable Leased Property. All such Non-Capital Additions shall, upon expiration or earlier termination of this Agreementthe applicable Lease for such Leased Property, pass to and become the property of Landlord, free and clear of all liens and encumbrances, other than Permitted Encumbrances.
Appears in 2 contracts
Samples: Master Lease Document (Senior Housing Properties Trust), Master Lease Agreement (Senior Housing Properties Trust)
Non-Capital Additions. Tenant shall have the right, at Tenant's sole cost and expense, expense to make additions, modifications or improvements to the Collective applicable Leased Properties Property which are not Capital Additions ("NONNon-CAPITAL ADDITIONSCapital Additions") from time to time as Tenant, in its discretion, may deem desirable for the applicable Primary Intended Use, provided that any such Non-Capital Addition action will not materially alter the character or purpose or materially detract from the value, operating efficiency or revenue-revenue producing capability of the applicable such Leased Property Property, or adversely affect the ability of Tenant to comply with the provisions of this Agreementthe applicable Lease, and, without limiting the foregoing, foregoing will not adversely affect or violate any Legal Requirement or Insurance Requirement applicable to the applicable Leased Property. All such Non-Capital Additions shall, upon expiration or earlier earlier-termination of this Agreementthe applicable Lease for such Leased Property, pass to and become the property of Landlord, free and clear of all liens and encumbrances, other than Permitted Encumbrances.
Appears in 1 contract
Samples: Master Lease Agreement (Senior Housing Properties Trust)
Non-Capital Additions. Tenant shall have the right, at Tenant's sole cost and expense, without Landlord consent, to make additions, modifications or improvements to the Collective Leased Properties which are not Capital Additions ("NONNon-CAPITAL ADDITIONSCapital Additions") from time to time as Tenant, in its discretion, may deem desirable for the applicable Primary Intended Use, Use provided that any such Non-Capital Addition will not materially alter the character or purpose or materially detract from the value, operating efficiency or revenue-producing capability of the applicable Leased Property or adversely affect the ability of Tenant to comply with the provisions of this Agreement, Agreement and, without limiting the foregoing, will not adversely affect or violate any Legal Requirement or Insurance Requirement applicable to the applicable Leased Property. All such Non-Capital Additions shall, upon expiration or earlier termination of this Agreement, pass to and become the property of Landlord, free and clear of all liens and encumbrances, other than Permitted Encumbrances.
Appears in 1 contract
Samples: Master Lease Agreement (Senior Housing Properties Trust)
Non-Capital Additions. Tenant shall have the right, at Tenant's sole cost and expense, without Landlord consent, to make additions, modifications or improvements to the Collective Leased Properties which are not Capital Additions ("NONNon-CAPITAL ADDITIONSCapital Additions") from time to time as Tenant, in its discretion, may deem desirable for the applicable Primary Intended Use, Use provided that any such Non-Capital Addition will not materially alter the character or purpose or materially detract from the value, operating efficiency or revenue-revenue- producing capability of the applicable Leased Property or adversely affect the ability of Tenant to comply with the provisions of this Agreement, Agreement and, without limiting the foregoing, will not adversely affect or violate any Legal Requirement or Insurance Requirement applicable to the applicable Leased Property. All such Non-Capital Additions shall, upon expiration or earlier termination of this Agreement, pass to and become the property of Landlord, free and clear of all liens and encumbrances, other than Permitted Encumbrances.
Appears in 1 contract
Samples: Master Lease Agreement (Brookdale Living Communities Inc)