Common use of Rights Personal to Original Tenant Clause in Contracts

Rights Personal to Original Tenant. Tenant's rights under this Section 47 are personal to Capital Senior Management 2, Inc., a Texas corporation, the original Tenant under this Lease, and shall automatically terminate upon any assignment of this Lease by Tenant (whether by operation of law or otherwise) and upon any sublease by Tenant of more than ten percent of the rentable area of any Improvements, excepting from said ten percent (10%) calculation any Approved Residency Agreement or any Approved Commercial Agreement.

Appears in 2 contracts

Samples: Master Lease Agreement (Capital Senior Living Corp), Master Lease Agreement (Capital Senior Living Corp)

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Rights Personal to Original Tenant. Tenant's rights under this Section 47 43 are personal to Capital Senior Management 2, Inc., a Texas corporation, the original Tenant under this Lease, and shall automatically terminate upon any assignment of this Lease by Tenant (whether by operation of law or otherwise) and upon any sublease by Tenant of more than ten percent (10%) of the rentable area of any Improvements, excepting from said ten percent (10%) calculation any Approved Residency Agreement or any Approved Commercial Agreement.

Appears in 2 contracts

Samples: Master Lease Agreement (Capital Senior Living Corp), Master Lease Agreement (Capital Senior Living Corp)

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