Sublease Limitation. Anything contained in this Lease to the contrary notwithstanding, Tenant shall not sublet the Leased Property on any basis such that the rental to be paid by the subtenant thereunder would be based, in whole or in part, on either (i) the income or profits derived by the business activities of the subtenant, or (ii) any other formula such that any portion of the sublease rental received by Lessor would fail to qualify as “rents from real property” within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto.
Appears in 11 contracts
Samples: Master Lease Agreement (Kindred Healthcare, Inc), Master Lease Agreement (Kindred Healthcare, Inc), Guaranty of Lease (Kindred Healthcare, Inc)
Sublease Limitation. Anything contained in this Lease to the contrary notwithstanding, Tenant Lessee shall not sublet the Leased Property on any basis basis, such that the rental to be paid by the subtenant sublessee thereunder would be based, in whole or in part, on either (i) the income or profits derived by the business activities of the subtenantsublessee, or (ii) any other formula such that any portion of the sublease rental received by Lessor would fail to qualify as “"rents from real property” " within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto.
Appears in 8 contracts
Samples: Lease (Alterra Healthcare Corp), Master Lease Agreement (Alterra Healthcare Corp), Lease (Alterra Healthcare Corp)
Sublease Limitation. Anything contained in this Lease to the contrary notwithstanding, Tenant shall not sublet the Leased Property on any basis such that the rental to be paid by the subtenant any sublessee thereunder would be based, in whole or in part, on either (i) the income or profits derived by the business activities of the subtenantsuch sublessee, or (ii) any other formula formula, such that any portion of the such sublease rental received by Lessor would fail to qualify as “"rents from real property” " within the meaning of Section 856(d) of the Code, or any similar or successor provision theretothereto such that the sublease(s) might, in Landlord's reasonable determination, adversely affect the REIT status or treatment of Landlord or its Parent under any applicable REIT regulations.
Appears in 6 contracts
Samples: Property Lease Agreement (Brookdale Senior Living Inc.), Property Lease Agreement (Brookdale Senior Living Inc.), Property Lease Agreement (Brookdale Senior Living Inc.)
Sublease Limitation. Anything contained in this Agreement or any Lease to the contrary notwithstanding, Tenant shall not sublet the Leased Property on any basis such that the rental to be paid by the subtenant sublessee thereunder would be based, in whole or in part, on either (i) the income or profits derived by the business activities of the subtenantsublessee, or (ii) any other formula manner such that any portion of the sublease rental received by Lessor Landlord would fail to qualify as “"rents from real property” " within the meaning of Section 856(d) of the Internal Revenue Code of 1986 as amended (the "Code"), or any similar or successor provision provisions thereto.
Appears in 4 contracts
Samples: Master Agreement (National Health Investors Inc), Master Operating Lease (National Health Realty Inc), Master Operating Lease (National Healthcare Corp)
Sublease Limitation. Anything contained in this Lease to the contrary notwithstanding, Tenant shall not sublet the Leased Property on any basis such that the rental to be paid by the subtenant sublessee thereunder would be based, in whole or in part, on either (ia) the income or profits derived by the business activities of the subtenantsublessee, or (iib) any other formula such that any portion of the sublease rental received by Lessor would fail to qualify as “"rents from real property” " within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto.
Appears in 4 contracts
Samples: Manor Lease (Unison Healthcare Corp), California Facilities Security Agreement (Iasis Healthcare Corp), Lease and Security Agreement (Balanced Care Corp)
Sublease Limitation. Anything contained in this Lease to the contrary notwithstanding, Tenant shall not sublet the any Leased Property on any basis such that the rental to be paid by the subtenant thereunder would be based, in whole or in part, on either (i) the income or profits derived by the business activities of the subtenant, or (ii) any other formula such that any portion of the sublease rental rental, if received by Lessor Landlord, would fail to qualify as “rents from real property” within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto.
Appears in 3 contracts
Samples: Master Lease Agreement (Assisted Living Concepts Inc), Master Lease Agreement (Emeritus Corp\wa\), Master Lease Agreement (Emeritus Corp\wa\)
Sublease Limitation. Anything contained in this Lease to ------------------- the contrary notwithstanding, Tenant shall not sublet the Leased Property on any basis such that the rental to be paid by the subtenant thereunder would be based, in whole or in part, on either (i) the income or profits derived by the business activities of the subtenant, or (ii) any other formula such that any portion of the sublease rental received by Lessor would fail to qualify as “"rents from real property” " within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto.
Appears in 2 contracts
Samples: Master Lease Agreement (Kindred Healthcare Inc), Master Lease Agreement (Kindred Healthcare Inc)
Sublease Limitation. Anything contained in this Lease ------------------- to the contrary notwithstanding, Tenant shall not sublet the Leased Property on any basis such that the rental to be paid by the subtenant thereunder would be based, in whole or in part, on either (i) the income or profits derived by the business activities of the subtenant, or (ii) any other formula such that any portion of the sublease rental received by Lessor would fail to qualify as “"rents from real property” " within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto.
Appears in 2 contracts
Samples: Master Lease Agreement (Vencor Healthcare Inc), Master Lease Agreement (Ventas Inc)
Sublease Limitation. Anything contained in this Lease to the contrary notwithstanding, Tenant shall not sublet the Leased Property on any basis such that the rental to be paid by the subtenant thereunder would be based, in whole or in part, on either (i) the income or profits derived by the business activities of the subtenant, or (ii) any other formula such that any portion of the sublease rental received by Lessor would fail to qualify as “"rents from real property” " within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto.
Appears in 2 contracts
Samples: Master Lease Agreement (Ventas Inc), Lease Agreement (Kindred Healthcare Inc)
Sublease Limitation. Anything contained in this Lease to the contrary notwithstanding, Tenant shall not sublet the Leased Property on any basis such that the rental to be paid by the subtenant sublessee thereunder would be based, in whole or in part, on either (ia) the income or profits derived by the business activities of the subtenantsublessee, or (iib) any other formula such that any portion of the sublease rental received by Lessor would fail to qualify as “"rents from real property” " within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto.
Appears in 2 contracts
Samples: Lease Agreement (Senior Housing Properties Trust), Lease Agreement (Senior Housing Properties Trust)
Sublease Limitation. Anything contained in this Lease to the ------------------- contrary notwithstanding, Tenant shall not sublet the any Leased Property on any basis such that the rental to be paid by the subtenant thereunder would be based, in whole or in part, on either (i) the income or profits derived by the business activities of the subtenant, or (ii) any other formula such that any portion of the sublease rental received by Lessor would fail to qualify as “"rents from real property” " within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto.
Appears in 2 contracts
Samples: Master Lease Agreement (Kindred Healthcare Inc), Master Lease Agreement (Ventas Inc)
Sublease Limitation. Anything contained in this Lease to the contrary notwithstanding, Tenant shall not sublet the any Leased Property on any basis such that the rental to be paid by the subtenant thereunder would be based, in whole or in part, on either (i) the income or profits derived by the business activities of the subtenant, or (ii) any other formula such that any portion of the sublease rental received by Lessor would fail to qualify as “rents from real property” within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto.
Appears in 2 contracts
Samples: Master Lease Agreement (Kindred Healthcare Inc), Master Lease Agreement (Ventas Inc)
Sublease Limitation. Anything contained in this Lease to the contrary notwithstanding, Tenant shall not sublet the applicable Leased Property on any basis such that the rental to be paid by the subtenant sublessee thereunder would be based, in whole or in part, on either (ia) the income or profits derived by the business activities of the subtenantsublessee, or (iib) any other formula such that any portion of the sublease rental received by Lessor would fail to qualify as “"rents from real property” " within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto.
Appears in 2 contracts
Samples: Master Lease (Senior Housing Properties Trust), Senior Housing Properties Trust
Sublease Limitation. Anything contained in this Lease to ------------------- the contrary notwithstanding, Tenant shall not sublet the Leased Property on any basis such that the rental to be paid by the subtenant thereunder would be based, in whole or in part, on either (i) the income or profits derived by the business activities of the subtenant, or (ii) any other formula such that any portion of the sublease rental received by Lessor would fail to qualify as “"rents from real property” " within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto.. 104
Appears in 1 contract
Sublease Limitation. Anything contained in this Lease to the contrary notwithstanding, Tenant shall not sublet the applicable Leased Property on any basis such that the rental to be paid by the subtenant sublessee thereunder would be based, in whole or in part, on either (ia) the income or profits derived by the business ' activities of the subtenantsublessee, or (iib) any other formula such that any portion of the sublease rental received by Lessor would fail to qualify as “"rents from real property” " within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto.
Appears in 1 contract
Samples: Master Lease Document (Senior Housing Properties Trust)
Sublease Limitation. Anything contained in this Lease to the contrary notwithstanding, Tenant shall not sublet the Leased Property on any basis such that the rental to be paid by the subtenant sublessee thereunder would be based, in whole or in part, on either (ia) the income or profits derived by the business activities of the subtenantsublessee, or (iib) any other formula such that any 50 57 portion of the sublease rental received by Lessor would fail to qualify as “"rents from real property” " within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto.
Appears in 1 contract
Sublease Limitation. Anything contained in this Lease to the contrary notwithstanding, Tenant shall not sublet the Leased Property on any basis such that the rental to be paid by the subtenant sublessee thereunder would be based, in whole or in part, on either (ia) the income or profits derived by the business activities of the subtenantsublessee, or (iib) any other formula such that any portion of the sublease rental received by Lessor would fail fall to qualify as “"rents from real property” " within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto.
Appears in 1 contract
Samples: Lease (Unison Healthcare Corp)
Sublease Limitation. Anything contained in this Lease to the ------------------- contrary notwithstanding, Tenant shall not sublet the Leased Property on any basis such that the rental to be paid by the subtenant thereunder would be based, in whole or in part, on either (i) the income or profits derived by the business activities of the subtenant, or (ii) any other formula such that any portion of the sublease rental received by Lessor would fail to qualify as “"rents from real property” " within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto.
Appears in 1 contract