Common use of Salvage Clause in Contracts

Salvage. All materials which are scrapped or removed in connection with the making of repairs required by Articles 9 or 10 shall be or become the property of Lessor or Lessee depending on which party is paying for or providing the financing for such work.

Appears in 57 contracts

Samples: Hotel Lease Agreement (Moody National REIT II, Inc.), Hotel Lease Agreement, Hotel Lease Agreement (Moody National REIT II, Inc.)

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Salvage. All materials which are scrapped or removed in connection with the making of repairs required by Articles 9 IX or 10 X shall be or become the property of Lessor or Lessee depending on which party is paying for or providing the financing for such work.

Appears in 22 contracts

Samples: Master Lease Agreement, Master Lease Agreement (Supertel Hospitality Inc), Lease Agreement (Eagle Hospitality Properties Trust, Inc.)

Salvage. All materials which are scrapped or removed in connection with the making of repairs or alterations required or permitted by Articles 9 Article IX or 10 X shall be or become the property of Lessor or Lessee depending on which party is paying for or providing the financing for such work.

Appears in 5 contracts

Samples: Percentage Lease Agreement (Boykin Lodging Co), Percentage Lease Agreement (Red Lion Inns Limited Partnership), Percentage Lease Agreement (South Seas Properties Co LTD Partnership)

Salvage. All materials which are scrapped or removed in connection with the making of repairs required by Articles 9 pursuant to Article IX or 10 X shall be or become the property of Lessor or Lessee depending on which party is paying for or providing the financing for of such work.

Appears in 4 contracts

Samples: Lease Agreement (American General Hospitality Corp), Stock Purchase Agreement (Keystone Inc Et Al), Purchase and Sale Agreement (Prime Hospitality Corp)

Salvage. All materials which are scrapped or removed in ------- connection with the making of repairs required by Articles 9 IX or 10 X shall be or ----------- - become the property of Lessor or Lessee depending on which party is paying for or providing the financing for such work.

Appears in 2 contracts

Samples: Lease Agreement (Boston Properties Inc), Lease Agreement (Boston Properties Inc)

Salvage. All materials which are scrapped or removed in connection ------- with the making of repairs required by Articles 9 or 10 shall be or become the property of Lessor or Lessee depending on which party is paying for or providing the financing for such work.

Appears in 2 contracts

Samples: Hotel Lease Agreement (Apple Suites Inc), Master Hotel Lease Agreement (Apple Hospitality Two Inc)

Salvage. All materials which are scrapped or removed in connection -------- with the making of repairs required by Articles 9 or 10 shall be or become the property of Lessor or Lessee depending on which party is paying for or providing the financing for such work.

Appears in 2 contracts

Samples: Master Hotel Lease Agreement (Apple Hospitality Two Inc), Hotel Lease Agreement (Apple Suites Inc)

Salvage. All materials which are scrapped or removed in connection with the making of repairs required by Articles 9 or 10 shall be or become the property of Lessor or Lessee depending on which party is paying for or providing the financing for such work.

Appears in 2 contracts

Samples: Lease Agreement (Humphrey Hospitality Trust Inc), Lease Agreement (Humphrey Hospitality Trust Inc)

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Salvage. All materials which are scrapped or removed in connection with the making of repairs required by Articles 9 ARTICLES IX or 10 X shall be or become the property of Lessor or Lessee depending on which party is paying for or providing the financing for such work.

Appears in 1 contract

Samples: Lease Agreement (Interstate Hotels Management Inc)

Salvage. All materials which are scrapped or removed in connection with the making of repairs required by Articles 9 7 or 10 8 shall be or become the property of Operating Lessor or Operating Lessee depending on which party is paying for or providing the financing for such work.

Appears in 1 contract

Samples: Lease Agreement (Sunstone Hotel Investors, Inc.)

Salvage. All materials which are scrapped or removed in ------- connection with the making of repairs required by Articles 9 pursuant to Article IX or 10 X shall be or become the property of Lessor or Lessee depending on which party is paying for or providing the financing for of such work.

Appears in 1 contract

Samples: Lease Agreement (American General Hospitality Corp)

Salvage. All materials which are scrapped or removed in connection ------- with the making of repairs required by Articles 9 IX or 10 X shall be or become the property of Lessor or Lessee depending on which party is paying for or providing the financing for such work.

Appears in 1 contract

Samples: Lease Agreement (Humphrey Hospitality Trust Inc)

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