Rights in Tenant Improvements. Notwithstanding anything to the contrary in this Lease, all Tenant Improvements constructed pursuant to Section 8.01, any and all subsequent additions thereto and alterations and replacements thereof, shall be the sole and absolute property of Tenant during the Term of the particular Lease. Upon the expiration or early termination of any Lease, all such Tenant Improvements shall become the property of Landlord. Without limiting the generality of the foregoing, Tenant shall be entitled to all federal and state income tax benefits associated with any Tenant Improvement during the Term of this Agreement.
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Samples: Master Agreement to Lease (Cca Prison Realty Trust), Master Agreement to Lease (Prison Realty Corp), Master Agreement to Lease (Corrections Corporation of America)
Rights in Tenant Improvements. Notwithstanding anything to the contrary in this Lease, all Tenant Improvements constructed pursuant to Section 8.01this Article XI, and any and all subsequent additions thereto and alterations and replacements thereof, shall be the sole and absolute property of Tenant during the Term of the particular this Lease. Upon the expiration or early termination of any this Lease, all such Tenant Improvements shall become the property of Landlord. Without limiting the generality of the foregoing, Tenant shall be entitled to all federal and state income tax benefits associated with any Tenant Improvement during the Term of this AgreementLease.
Appears in 4 contracts
Samples: Master Agreement (Eldertrust), Sublease Agreement (Eldertrust), Lease Agreement (Eldertrust)
Rights in Tenant Improvements. Notwithstanding anything to the contrary in this LeaseAgreement, all Tenant Improvements constructed pursuant to Section 8.01, any and all subsequent additions thereto and alterations and replacements thereof, shall be the sole and absolute property of Tenant during the Term of the particular Leasehereof. Upon the expiration Expiration Date or early earlier termination of any Leasehereof, all such Tenant Improvements shall become the property of Landlord. Without limiting the generality of the foregoing, Tenant shall be entitled to all federal and state income tax benefits associated with any Tenant Improvement during the Term of this Agreement.
Appears in 1 contract
Samples: Master Agreement to Lease (Corrections Corp of America/Md)
Rights in Tenant Improvements. Notwithstanding anything to the contrary in this Lease, all Tenant Improvements constructed pursuant to Section 8.019.01, any and all subsequent additions thereto and alterations and replacements thereof, shall be the sole and absolute property of Tenant during the Term of the particular Lease. Upon Landlord upon the expiration or early termination of any Lease, all such Tenant Improvements shall become the property of Landlordthis Lease Agreement. Without limiting the generality of the foregoing, Tenant shall be entitled to all federal and state income tax benefits associated with any Tenant Improvement (other than a Capital Addition purchased or financed by Landlord) during the Term of this Lease Agreement.
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