Ownership of Replacements. All Capital Expenditures and, subject to the rights of Manager under the Management Agreement, all repairs, alterations, improvements, renewals, and replacements made pursuant to this Article 5 shall be the property of Landlord.
Appears in 7 contracts
Samples: Lease Agreement (ESH Hospitality, Inc.), Lease Agreement (ESH Hospitality, Inc.), Lease Agreement (ESH Hospitality, Inc.)
Ownership of Replacements. All Capital Expenditures and, subject to the rights of Manager the Management Parties under the Management Agreement, all repairs, alterations, improvements, renewals, and replacements made pursuant to this Article 5 5, other than FF&E, shall be the property of Landlord.
Appears in 3 contracts
Samples: Lease Agreement (ESH Hospitality, Inc.), Lease Agreement (ESH Hospitality, Inc.), Lease Agreement (ESH Hospitality LLC)
Ownership of Replacements. (a) All repairs, alterations, improvements, renewals or replacements made pursuant to this Article 5, and all amounts kept in the Capital Expenditures andRenewals Reserve, and interest thereon shall, subject to the rights of Manager under the Management Agreement, all repairs, alterations, improvements, renewalsbe the property of Landlord, and replacements made pursuant to this Article 5 (b) all Capital Expenditures shall be the property of Landlord.
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