Common use of Reset Option Clause in Contracts

Reset Option. Lessor shall have the unilateral, one-time right and ------------ option (the "Reset Option") to reset the Base Rent, Current Rent and Accrued Rent for the balance of the Term (including, without limitation, any Extended Terms) from and after the Reset Date (as hereinafter defined), on the terms and conditions described in this Section 3.2. -----------

Appears in 5 contracts

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

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Reset Option. Lessor shall have the unilateral, one-time right and ------------ option (the "β€œReset Option"”) to reset the Base Rent, Current Rent and Accrued Rent for the balance of the Term (including, without limitation, any Extended Terms) from and after the Reset Date (as hereinafter defined), on the terms and conditions described in this Section 3.2. -----------.

Appears in 2 contracts

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

Reset Option. Lessor shall have the unilateral, one-time right and ------------ option (the "Reset Option") to reset the Base Rent, Current Rent and Accrued Rent for the balance of the Term (including, without limitation, any Extended Terms) from and after the Reset Date (as hereinafter defined), on the terms and conditions described in this Section 3.2. -----------.

Appears in 1 contract

Samples: Master Lease Agreement (Ventas Inc)

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Reset Option. Lessor shall have the unilateral, one-time ------------ right and ------------ option (the "Reset Option") to reset the Base Rent, Current Rent and Accrued Rent for the balance of the Term (including, without limitation, any Extended Terms) from and after the Reset Date (as hereinafter defined), on the terms and conditions described in this Section 3.2. -----------

Appears in 1 contract

Samples: Master Lease Agreement (Kindred Healthcare Inc)

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