Common use of Rights in Tenant Improvements Clause in Contracts

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.

Appears in 7 contracts

Samples: Master Agreement (Cca Prison Realty Trust), Master Agreement (Prison Realty Corp), Master Agreement (Corrections Corporation of America)

AutoNDA by SimpleDocs

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), Lease Agreement (Eldertrust), Sublease Agreement (Eldertrust)

Rights in Tenant Improvements. Notwithstanding anything to the contrary in this Lease, all Tenant Improvements constructed pursuant to Section 8.0110.1, 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 3 contracts

Samples: Lease ( (Presidio Golf Trust), Lease ( (Presidio Golf Trust), National Golf Properties Inc

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.

Appears in 1 contract

Samples: Facilities Lease Agreement (Cornell Companies Inc)

AutoNDA by SimpleDocs

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 (Corrections Corp of America/Md)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!