Ownership of Replacements. All Capital Replacements made pursuant to this Agreement and all amounts in the Reserve Account shall be the property of Owner or Purchaser, as applicable, as provided under the Lease.
Appears in 4 contracts
Samples: Management Agreement (Hospitality Properties Trust), Management Agreement (Hospitality Properties Trust), Management Agreement (Hospitality Properties Trust)
Ownership of Replacements. All Capital Replacements made pursuant to this Agreement and all amounts in the Reserve Account Account, shall be the property of Owner or Purchaser, as applicable, as provided under the Lease.
Appears in 2 contracts
Samples: Management Agreement (Hospitality Properties Trust), Management Agreement (Hospitality Properties Trust)
Ownership of Replacements. All Capital Replacements made pursuant to this Agreement and all amounts in the Reserve Account Account, shall be the property of Owner or PurchaserLandlord, as applicable, as provided under the Lease.
Appears in 1 contract
Ownership of Replacements. All Capital Replacements made pursuant to this Agreement and all amounts in the Reserve Account or to be advanced hereunder from time to time shall be the property of Owner or PurchaserLandlord, as applicable, as provided under the Lease.
Appears in 1 contract
Samples: Management Agreement (Hospitality Properties Trust)
Ownership of Replacements. All Capital Replacements made pursuant to this Agreement and all amounts in the Reserve Account Account, shall be the property of Owner or Purchaserthe Landlords, as applicable, as provided under the LeaseLeases.
Appears in 1 contract
Samples: Management Agreement (Hospitality Properties Trust)
