Not Trust Funds. Notwithstanding anything in this Lease or any Legal Requirements or in equity to the contrary, none of the Property Loss Insurance Proceeds, or Award on account of any Condemnation, that may be paid to Landlord as provided by this Lease shall be deemed trust funds, and Landlord shall be entitled to dispose of such Property Loss Insurance Proceeds or Award as provided in this Section 12 or in Section 13, as applicable.
Appears in 2 contracts
Samples: Master Lease (Ardent Health Partners, LLC), Master Lease (Ardent Health Partners, LLC)
Not Trust Funds. Notwithstanding anything in this Lease or any Legal Requirements at law or in equity to the contrary, none of the Property Loss Insurance Proceeds, or Award on account of any Condemnation, that may be paid to Landlord as provided by this Lease shall be deemed trust funds, and Landlord shall be entitled to dispose of such Property Loss Insurance Proceeds or Award as provided in this Section 12 11 or in Section 1312, as applicable.
Appears in 2 contracts
Samples: Master Lease and Security Agreement (Brookdale Senior Living Inc.), Master Lease and Security Agreement (Brookdale Senior Living Inc.)
