Common use of Temporary Condemnation Clause in Contracts

Temporary Condemnation. In the event of any temporary Condemnation of any Property or Tenant’s interest therein, this Agreement shall continue in full force and effect and Tenant shall continue to pay (or cause to be paid), in the manner and on the terms herein specified, the full amount of the Rent. Tenant shall continue to perform and observe (or cause to be performed and observed) all of the other terms and conditions of this Agreement on the part of the Tenant to be performed and observed. Provided no Event of Default has occurred and is continuing, the entire amount of any Award made for such temporary Condemnation allocable to the Term, whether paid by way of damages, rent or otherwise, shall be paid to Tenant. Tenant shall, promptly upon the termination of any such period of temporary Condemnation, at its sole cost and expense, restore the affected Property to the condition that existed immediately prior to such Condemnation, in material compliance with all applicable Legal Requirements, unless such period of temporary Condemnation shall extend beyond the expiration of the Term, in which event Tenant shall not be required to make such restoration.

Appears in 25 contracts

Samples: Master Lease Agreement (Five Star Quality Care Inc), Master Lease Agreement (Five Star Quality Care Inc), Lease Agreement (Senior Housing Properties Trust)

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Temporary Condemnation. In the event of any temporary Condemnation of any Property or Tenant’s interest therein, this Agreement shall continue in full force and effect and Tenant shall continue to pay (or cause to be paid), in the manner and on the terms herein specified, the full amount of the Rent. Tenant shall continue to perform and observe (or cause to be performed and observed) all of the other terms and conditions of this Agreement on the part of the Tenant to be performed and observed. Provided no Event of Default has occurred and is continuing, the The entire amount of any Award made for such temporary Condemnation allocable to the Term, whether paid by way of damages, rent or otherwise, shall be paid to Tenant. Tenant shall, promptly upon the termination of any such period of temporary Condemnation, at its sole cost and expense, restore the affected Property to the condition that existed immediately prior to such Condemnation, in material compliance with all applicable Legal Requirements, unless such period of temporary Condemnation shall extend beyond the expiration of the Term, in which event Tenant shall not be required to make such restoration.

Appears in 17 contracts

Samples: Lease Agreement (Service Properties Trust), Lease Agreement (Service Properties Trust), Lease Agreement (Service Properties Trust)

Temporary Condemnation. In the event of any temporary Condemnation of any the Leased Property or Tenant’s 's interest therein, this Agreement shall continue in full force and effect and Tenant shall continue to pay (or cause to be paid)pay, in the manner and on the terms herein specified, the full amount of the Rent. Tenant shall continue to perform and observe (or cause to be performed and observed) all of the other terms and conditions of this Agreement on the part of the Tenant to be performed and observed. Provided no Event of Default has occurred and is continuing, the The entire amount of any Award made for such temporary Condemnation allocable to the Term, whether paid by way of damages, rent or otherwise, shall be paid to Tenant. Tenant shall, promptly upon the termination of any such period of temporary Condemnation, at its sole cost and expense, restore the affected Leased Property to the condition that existed immediately prior to such Condemnation, in material full compliance with all applicable Legal Requirements, unless such period of temporary Condemnation shall extend beyond the expiration of the Term, in which event Tenant shall not be required to make such restoration. For purposes of this Section 11.5, a Condemnation shall be deemed to be temporary if the period of such Condemnation is not expected to, and does not, exceed twelve (12) months.

Appears in 15 contracts

Samples: Lease Agreement (CNL Hospitality Properties Inc), Lease Agreement (CNL Hospitality Properties Inc), Lease Agreement (CNL Hospitality Properties Inc)

Temporary Condemnation. In the event of any temporary Condemnation of any Property or Tenant’s 's interest therein, this Agreement shall continue in full force and effect and Tenant shall continue to pay (or cause to be paid)pay, in the manner and on the terms herein specified, the full amount of the Rent. Tenant shall continue to perform and observe (or cause to be performed and observed) all of the other terms and conditions of this Agreement on the part of the Tenant to be performed and observed. Provided no Event of Default has occurred and is continuing, the entire amount of any Award made for such temporary Condemnation allocable to the Term, whether paid by way of damages, rent or otherwise, shall be paid to Tenant. Tenant shall, promptly upon the termination of any such period of temporary Condemnation, at its sole cost and expense, restore the affected Leased Property to the condition that existed immediately prior to such Condemnation, in material compliance with all applicable Legal Requirements, unless such period of temporary Condemnation shall extend beyond the expiration of the Term, in which event Tenant shall not be required to make such restoration.

Appears in 9 contracts

Samples: Lease Agreement (Candlewood Hotel Co Inc), Lease Agreement (Sholodge Inc), Lease Agreement (Hospitality Properties Trust)

Temporary Condemnation. In the event of any temporary Condemnation of any the Leased Property or Tenant’s interest therein, this Agreement shall continue in full force and effect and Tenant shall continue to pay (or cause to be paid), in the manner and on the terms herein specified, the full amount of the Rent. Tenant shall continue to perform and observe (or cause to be performed and observed) all of the other terms and conditions of this Agreement on the part of the Tenant to be performed and observed. Provided no Event of Default has occurred and is continuing, the entire amount of any Award made for such temporary Condemnation allocable to the Term, whether paid by way of damages, rent or otherwise, shall be paid to Tenant. Tenant shall, promptly upon the termination of any such period of temporary Condemnation, at its sole cost and expense, restore the affected Leased Property to the condition that existed immediately prior to such Condemnation, in material compliance with all applicable Legal Requirements, unless such period of temporary Condemnation shall extend beyond the expiration of the Term, in which event Tenant shall not be required to make such restoration.

Appears in 6 contracts

Samples: Lease Agreement (Five Star Quality Care Inc), Lease Agreement (Five Star Quality Care Inc), Lease Agreement (Five Star Quality Care Inc)

Temporary Condemnation. In the event of any temporary Condemnation of any Property or Tenant’s 's interest therein, this Agreement shall continue in full force and effect and Tenant shall continue to pay (or cause to be paid), in the manner and on the terms herein specified, the full amount of the Rent. Tenant shall continue to perform and observe (or cause to be performed and observed) all of the other terms and conditions of this Agreement on the part of the Tenant to be performed and observed. Provided no Event of Default has occurred and is continuing, the entire amount of any Award made for such temporary Condemnation allocable to the Term, whether paid by way of damages, rent or otherwise, shall be paid to Tenant. Tenant shall, promptly upon the termination of any such period of temporary Condemnation, at its sole cost and expense, restore the affected Property to the condition that existed immediately prior to such Condemnation, in material compliance with all applicable Legal Requirements, unless such period of temporary Condemnation shall extend beyond the expiration of the Term, in which event Tenant shall not be required to make such restoration.

Appears in 6 contracts

Samples: Lease Agreement (Alterra Healthcare Corp), Lease Agreement (Five Star Quality Care Inc), Lease Agreement (Five Star Quality Care Inc)

Temporary Condemnation. In the event of any temporary Condemnation of any the Leased Property or Tenant’s 's interest therein, this Agreement shall continue in full force and effect and Tenant shall continue to pay (or cause to be paid)pay, in the manner and on the terms herein specified, the full amount of the Rent. Tenant shall continue to perform and observe (or cause to be performed and observed) all of the other terms and conditions of this Agreement on the part of the Tenant to be performed and observed. Provided no Event of Default has occurred and is continuing, the entire amount of any Award made for such temporary Condemnation allocable to the Term, whether paid by way of damages, rent or otherwise, shall be paid to Tenant. Tenant shall, promptly upon the termination of any such period of temporary Condemnation, at its sole cost and expense, restore the affected Leased Property to the condition that existed immediately prior to such Condemnation, in material full compliance with all applicable Legal Requirements, unless such period of temporary Condemnation shall extend beyond the expiration of the Term, in which event Tenant shall not be required to make such restoration. For purposes of this Section 11.4, a Condemnation shall be deemed to be temporary if the period of such Condemnation is not expected to, and does not, exceed twelve (12) months.

Appears in 5 contracts

Samples: Lease Agreement (Hospitality Properties Trust), Lease Agreement (Wyndham Hotel Corp), Lease Agreement (Wyndham Hotel Corp)

Temporary Condemnation. In the event of any temporary Condemnation of all or any Property part of the Collective Leased Properties or Tenant’s 's interest therein, this Agreement shall continue in full force and effect effect, and Tenant shall continue to pay (or cause to be paid)pay, in the manner and on the terms herein specified, the full amount of the Rent. Tenant shall continue to perform and observe (or cause to be performed and observed) all of the other terms and conditions of this Agreement on the part of the Tenant to be performed and observed. Provided no Default or Event of Default has occurred and is continuing, the entire amount of any Award made for such temporary Condemnation allocable to the Term, whether paid by way of damages, rent or otherwise, shall be paid to Tenant. Tenant shall, promptly upon the termination of any such period of temporary Condemnation, at its sole cost and expense, restore the affected such Leased Property to the condition that existed immediately prior to such Condemnation, in material full compliance with all applicable Legal Requirements, unless such period of temporary Condemnation shall extend beyond the expiration of the Term, in which event Tenant shall not be required to make such restoration. For purposes of this Section 11.4, a Condemnation shall be deemed to be temporary if the period of such Condemnation is not expected to, and does not, exceed twenty-four (24) months.

Appears in 4 contracts

Samples: Master Lease Agreement (Crescent Real Estate Equities Inc), Master Lease Agreement (Crescent Real Estate Equities Co), Master Lease Agreement (Magellan Health Services Inc)

Temporary Condemnation. In the event of any temporary Condemnation of any Property or Tenant’s 's interest therein, this Agreement shall continue in full force and effect and Tenant shall continue to pay (or cause to be paid), in the manner and on the terms herein specified, the full amount of the Rent. Tenant shall continue to perform and observe (or cause to be performed and observed) all of the other terms and conditions of this Agreement on the part of the Tenant to be performed and observed. Provided no Event of Default has occurred and is continuing, the entire amount of any Award made for such temporary Condemnation allocable to the Term, whether paid by way of damages, rent or otherwise, shall be paid to Tenant. Tenant shall, promptly upon the termination of any such period of temporary Condemnation, at its sole cost and expense, restore the affected Leased Property to the condition that existed immediately prior to such Condemnation, in material compliance with all applicable Legal Requirements, unless such period of temporary Condemnation shall extend beyond the expiration of the Term, in which event Tenant shall not be required to make such restoration.

Appears in 4 contracts

Samples: Master Lease Agreement (Five Star Quality Care Inc), Master Lease Agreement (Senior Housing Properties Trust), Master Lease Agreement (Five Star Quality Care Inc)

Temporary Condemnation. In the event of any temporary Condemnation of all or any part of the Leased Property or Tenant’s 's interest thereinunder this Lease, this Agreement Lease shall continue in full force and effect and Tenant shall continue to pay (or cause to be paid)pay, in the manner and on the terms herein specified, the full amount of the Rent. To the extent reasonably practicable, Tenant shall continue to perform and observe (or cause to be performed and observed) all of the other terms and conditions of this Agreement thereof, on the part of the Tenant to be performed and observed. Provided no Event of Default has occurred and is continuing, the The entire amount of any Award made for such temporary Taking or Condemnation allocable to the Term, whether paid by way of damages, rent or otherwise, shall be paid to Tenant. Tenant shall, promptly upon the termination of any such period of temporary Condemnation, at its sole cost and expenseexpense (but only to the extent of the Award payable to Tenant), restore the affected Leased Property as nearly as may be reasonably possible, to the condition that existed immediately prior to such Condemnation, in material compliance with all applicable Legal Requirements, unless such period of temporary Condemnation use or occupancy shall extend beyond the expiration of the Term, in which event case Tenant shall not be required to make such restoration.

Appears in 3 contracts

Samples: Lease Agreement (Senior Housing Properties Trust), Lease Agreement (Senior Housing Properties Trust), Settlement Agreement (Senior Housing Properties Trust)

Temporary Condemnation. In the event of any temporary Condemnation of any Property or Tenant’s 's interest therein, this Agreement shall continue in full force and effect and Tenant shall continue to pay (or cause to be paid), in the manner and on the terms herein specified, the full amount of the Rent. Tenant shall continue to perform and observe (or cause to be performed and observed) all of the other terms and conditions of this Agreement on the part of the Tenant to be performed and observed. Provided no Event of Default has occurred and is continuing, the The entire amount of any Award made for such temporary Condemnation allocable to the Term, whether paid by way of damages, rent or otherwise, shall be paid to Tenant. Tenant shall, promptly upon the termination of any such period of temporary Condemnation, at its sole cost and expense, restore the affected Property to the condition that existed immediately prior to such Condemnation, in material compliance with all applicable Legal Requirements, unless such period of temporary Condemnation shall extend beyond the expiration of the Term, in which event Tenant shall not be required to make such restoration.

Appears in 3 contracts

Samples: Lease Agreement (Service Properties Trust), Lease Agreement (Travelcenters of America LLC), Lease Agreement (Travelcenters of America LLC)

Temporary Condemnation. In the event of any temporary Condemnation of all or any Property part of the Collective Leased Properties or Tenant’s 's interest therein, this Agreement shall continue in full force and effect effect, and Tenant shall continue to pay (or cause to be paid)pay, in the manner and on the terms herein specified, the full amount of the Rent. Tenant shall continue to perform and observe (or cause to be performed and observed) all of the other terms and conditions of this Agreement on the part of the Tenant to be performed and observed. Provided no Event of Default has occurred and is continuing, the entire amount of any Award made for such temporary Condemnation allocable to the Term, whether paid by way of damages, rent or otherwise, shall be paid to Tenant. Tenant shall, promptly upon the termination of any such period of temporary Condemnation, at its sole cost and expense, restore the affected such Leased Property to the condition that existed immediately prior to such Condemnation, in material full compliance with all applicable Legal Requirements, unless such period of temporary Condemnation shall extend beyond the expiration of the Term, in which event Tenant shall not be required to make such restoration. For purposes of this Section 11.4, a Condemnation shall be deemed to be temporary if the period of such Condemnation is not expected to, and does not, exceed twenty-four (24) months.

Appears in 2 contracts

Samples: Master Lease Agreement (Senior Housing Properties Trust), Master Lease Agreement (Brookdale Living Communities Inc)

Temporary Condemnation. In the event of any temporary Condemnation of any the Leased Property or Tenant’s 's interest therein, this Agreement shall continue in full force and effect and Tenant shall continue to pay (or cause to be paid)pay, in the manner and on the terms herein specified, the full amount of the Rent. Tenant shall continue to perform and observe (or cause to be performed and observed) all of the other terms and conditions of this Agreement on the part of the Tenant to be performed and observed. Provided no Event of Default has occurred and is continuing, the entire amount of any Award made for such temporary Condemnation allocable to the Term, whether paid by way of damages, rent or otherwise, shall be paid to Tenant. Tenant shall, promptly upon the termination of any such period of temporary Condemnation, at its sole cost and expense, restore the affected Leased Property to the condition that existed immediately prior to such Condemnation, in material full compliance with all applicable Legal Requirements, unless such period of temporary Condemnation shall extend beyond the expiration of the Term, in which event Tenant shall not be required to make such restoration. For purposes of this Section 11.4, a -50- Condemnation shall be deemed to be temporary if the period of such Condemnation is not expected to, and does not, exceed twelve (12) months.

Appears in 2 contracts

Samples: Lease Agreement (Hospitality Properties Trust), Lease Agreement (Hospitality Properties Trust)

Temporary Condemnation. In the event of any temporary Condemnation of any Property or Tenant’s 's interest therein, this Agreement shall continue in full force and effect and Tenant shall continue to pay (or cause to be paid)pay, in the manner and on the terms herein specified, the full amount of the Rent. Tenant shall continue to perform and observe (or cause to be performed and observed) all of the other terms and conditions of this Agreement on the part of the Tenant to be performed and observed. Provided no Event of Default has occurred and is continuing, the entire amount of any Award made for such temporary Condemnation allocable to the Term, whether paid by way of damages, rent or otherwise, shall be paid to Tenant. Tenant shall, promptly upon the termination of any such period of temporary Condemnation, at its sole cost and expense, restore the affected such Property to the condition that existed immediately prior to such Condemnation, in material full compliance with all applicable Legal Requirements, unless such period of temporary Condemnation shall extend beyond the expiration of the Term, in which event Tenant shall not be required to make such restoration. For purposes of this Section 11.4, a Condemnation shall be deemed to be temporary if the period of such Condemnation is not expected to, and does not, exceed twelve (12) months.

Appears in 2 contracts

Samples: Master Lease Agreement (Hospitality Properties Trust), Lease Agreement (Hospitality Properties Trust)

Temporary Condemnation. In the event of any temporary Condemnation of all or any part of the applicable Leased Property or Tenant’s 's interest thereinunder the applicable Lease of such Leased Property, this Agreement the applicable Lease shall continue in full force and effect effect, and Tenant shall continue to pay (or cause to be paid)pay, in the manner and on the terms herein therein specified, the full amount of the Rent. Tenant shall continue to perform and observe (or cause to be performed and observed) all of the other terms and conditions of this Agreement hereof on the part of the Tenant to be performed and observed. Provided no Default or Event of Default that relates to the payment of money has occurred and is continuing, the entire amount of any Award made for such temporary Condemnation allocable to the Term, whether paid by way of damages, rent or otherwise, shall be paid to Tenant. Tenant shall, promptly upon the termination of any such period of temporary Condemnation, at its sole cost and expense, restore the affected such Leased Property to the condition that existed immediately prior to such Condemnation, in material full compliance with all applicable Legal Requirements, unless such period of temporary Condemnation shall extend beyond the expiration of the Term, in which event Tenant shall not be required to make such restoration. For purposes of this Section 11.4, a Condemnation shall be deemed to be temporary if the period of such Condemnation is not expected to, and does not, exceed twenty-four (24) months.

Appears in 2 contracts

Samples: Master Lease Document (Senior Housing Properties Trust), Master Lease Agreement (Senior Housing Properties Trust)

Temporary Condemnation. In the event of any temporary Condemnation of any Property portion of the Premises or Tenant’s interest therein, this Agreement Lease shall continue in full force and effect and Tenant shall continue to pay (or cause to be paid), in the manner and on the terms herein specified, the full amount of the Rent. Tenant shall continue to perform and observe (or cause to be performed and observed) all of the other terms and conditions of this Agreement Lease on the part of the Tenant to be performed and observed. Provided no Event of Default has occurred and is continuing, the entire amount of any Award made for such temporary Condemnation allocable to the Term, whether paid by way of damages, rent or otherwise, shall be paid to Tenant. Tenant shall, promptly upon the termination of any such period of temporary Condemnation, at its sole cost and expense, restore the affected Property Premises to the condition that existed immediately prior to such Condemnation, in material compliance with all to the extent permitted by applicable Legal RequirementsLaw, unless such period of temporary Condemnation shall extend beyond the expiration of the Term, in which event Tenant shall not be required to make such restoration.

Appears in 1 contract

Samples: Credit Agreement (Revel Entertainment Group, LLC)

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Temporary Condemnation. In the event of any temporary Condemnation of all or any part of the applicable Leased Property or Tenant’s 's interest thereinunder the applicable Lease of such Leased Property, this Agreement the applicable Lease shall continue in full force and effect effect, and Tenant shall continue to pay (or cause to be paid)pay, in the manner and on the terms herein therein specified, the full amount of the Rent. Tenant shall continue to perform and observe (or cause to be performed and observed) all of the other terms and conditions of this Agreement hereof on the part of the Tenant to be performed and observed. Provided no Event of Default has occurred and is continuing, the The entire amount of any Award made for such temporary Condemnation allocable to the Term, whether paid by way of damages, rent or otherwise, shall be paid to Tenant. Tenant shall, promptly upon the termination of any such period of temporary Condemnation, at its sole cost and expense, expenses restore the affected such Leased Property to the condition that existed immediately prior to such Condemnation, in material full compliance with all applicable Legal Requirements, unless such period of temporary Condemnation shall extend beyond the expiration of the Term, in which event Tenant shall not be required to make such restoration.

Appears in 1 contract

Samples: Master Lease Agreement (Senior Housing Properties Trust)

Temporary Condemnation. In the event of any temporary Condemnation of any the Property or Tenant’s 's interest therein, this Agreement shall continue in full force and effect and Tenant shall continue to pay (or cause to be paid)pay, in the manner and on the terms herein - 52 - specified, the full amount of the Rent. Tenant shall continue to perform and observe (or cause to be performed and observed) all of the other terms and conditions of this Agreement on the part of the Tenant to be performed and observed. Provided no Event of Default has occurred and is continuing, the entire amount of any Award made for such temporary Condemnation allocable to the Term, whether paid by way of damages, rent or otherwise, shall be paid to Tenant. Tenant shall, promptly upon the termination of any such period of temporary Condemnation, at its sole cost and expense, restore the affected Property to the condition that existed immediately prior to such Condemnation, in material compliance with all applicable Legal RequirementsApplicable Law, unless such period of temporary Condemnation shall extend beyond the expiration of the Term, in which event Tenant shall not be required to make such restoration.

Appears in 1 contract

Samples: Stock Purchase Agreement (Hospitality Properties Trust)

Temporary Condemnation. In the event of any temporary Condemnation of the Leased Property and/or the Resort Personal Property or any Property portion thereof or Tenant’s interest therein, this Agreement and the Personal Property Lease shall continue in full force and effect and Tenant shall continue to pay (or cause to be paid)pay, in the manner and on the terms herein specified, the full amount of the RentRent hereunder and under the Personal Property Lease. Tenant shall continue to perform and observe (or cause to be performed and observed) all of the other terms and conditions of this Agreement on the part of the Tenant to be performed and observed. Provided no Event of Default has occurred and is continuing, the The entire amount of any Award made for such temporary Condemnation 1240817 allocable to the Term, whether paid by way of damages, rent or otherwise, shall be paid to Tenant. Tenant shall, promptly upon the termination of any such period of temporary Condemnation, at its sole cost and expense, restore the affected Leased Property and the Resort Personal Property to the condition that existed immediately prior to such Condemnation, in material full compliance with all applicable Legal Requirements, unless such period of temporary Condemnation shall extend beyond the expiration of the Term, in which event Tenant shall not be required to make such restoration. For purposes of this Section 11.5, a Condemnation shall be deemed to be temporary if the period of such Condemnation is not expected to, and does not, exceed twelve (12) months.

Appears in 1 contract

Samples: Lease Agreement (CNL Lifestyle Properties Inc)

Temporary Condemnation. In the event of any temporary Condemnation of any Property or Tenant’s 's interest therein, this Agreement shall continue in full force and effect and Tenant shall continue to pay (or cause to be paid), in the manner and on the terms herein specified, the full amount of the Rent. Tenant shall continue to perform and observe (or cause to be performed and observed) all of the other terms and conditions of this Agreement on the part of the Tenant to be performed and observed. Provided no Event of Default has occurred and is continuing, the entire amount of any Award made for such temporary Condemnation allocable to the Term, whether paid by way of damages, rent or otherwise, shall be paid to Tenant. Tenant shall, promptly upon the termination of any such period of temporary Condemnation, at its sole cost and expense, restore the affected Property to the condition that existed immediately prior to such Condemnation, in material compliance with all applicable Legal Requirements, unless such period of temporary Condemnation shall extend beyond the expiration of the Term, in which event Tenant shall not be required to make such restoration.. 11.5

Appears in 1 contract

Samples: Lease Agreement

Temporary Condemnation. In the event of any temporary Condemnation of the Leased Property and/or the Ski Personal Property, or any Property portion thereof, or Tenant’s interest therein, this Agreement and the Personal Property Lease shall continue in full force and effect and Tenant shall continue to pay (or cause to be paid)pay, in the manner and on the terms herein specified, the full amount of the RentRent under this Agreement and the Personal Property Lease. Tenant shall continue to perform and observe (or cause to be performed and observed) all of the other terms and conditions of this Agreement on the part of the Tenant to be performed and observed. Provided no Event of Default has occurred and is continuing, the The entire amount of any Award made for such temporary Condemnation allocable to the Term, whether paid by way of damages, rent or otherwise, shall be paid to Tenant. Tenant shall, promptly upon the termination of any such period of temporary Condemnation, at its sole cost and expense, restore the affected Leased Property and/or the Ski Personal Property to the condition that existed immediately prior to such Condemnation, in material full compliance with all applicable Legal Requirements, unless such period of temporary Condemnation shall extend beyond the expiration of the Term, in which event Tenant shall not be required to make such restoration. For purposes of this Section 11.5, a Condemnation shall be deemed to be temporary if the period of such Condemnation is not expected to, and does not, exceed twelve (12) months.

Appears in 1 contract

Samples: Lease Agreement (CNL Income Properties Inc)

Temporary Condemnation. In the event of any temporary Condemnation ---------------------- of any Property or Tenant’s 's interest therein, this Agreement shall continue in full force and effect and Tenant shall continue to pay (or cause to be paid)pay, in the manner and on the terms herein specified, the full amount of the Rent. Tenant shall continue to perform and observe (or cause to be performed and observed) all of the other terms and conditions of this Agreement on the part of the Tenant to be performed and observed. Provided no Event of Default has occurred and is continuing, the entire amount of any Award made for such temporary Condemnation allocable to the Term, whether paid by way of damages, rent or otherwise, shall be paid to Tenant. Tenant shall, promptly upon the termination of any such period of temporary Condemnation, at its sole cost and expense, restore the affected Leased Property to the condition that existed immediately prior to such Condemnation, in material compliance with all applicable Legal Requirements, unless such period of temporary Condemnation shall extend beyond the expiration of the Term, in which event Tenant shall not be required to make such restoration.

Appears in 1 contract

Samples: Lease Agreement (Homestead Village Inc)

Temporary Condemnation. In the event of any temporary Condemnation of any the Property or Tenant’s 's interest therein, this Agreement shall continue in full force and effect and Tenant shall continue to pay (or cause to be paid)pay, in the manner and on the terms herein specified, the full amount of the Rent. Tenant shall continue to perform and observe (or cause to be performed and observed) all of the other terms and conditions of this Agreement on the part of the Tenant to be performed and observed. Provided no Event of Default has occurred and is continuing, the entire amount of any Award made for such temporary Condemnation allocable to the Term, whether paid by way of damages, rent or otherwise, shall be paid to Tenant. Tenant shall, promptly upon the termination of any such period of temporary Condemnation, at its sole cost and expense, restore the affected Property to the condition that existed immediately prior to such Condemnation, in material compliance with all applicable Legal RequirementsApplicable Law, unless such period of temporary Condemnation shall extend beyond the expiration of the Term, in which event Tenant shall not be required to make such restoration.

Appears in 1 contract

Samples: Stock Purchase Agreement (Hospitality Properties Trust)

Temporary Condemnation. In the event of any temporary Condemnation of all or any part of the Leased Property or Tenant’s 's interest thereinunder this Lease, this Agreement Lease shall continue in full force and effect and Tenant shall continue to pay (or cause to be paid)pay, in the manner and on the terms herein specified, the full amount of the Rent. To the extent reasonably practicable, Tenant shall continue to perform and observe (or cause to be performed and observed) all of the other terms and conditions of this Agreement thereof, on the part of the Tenant to be performed and observed. Provided no Event of Default has occurred and is continuing, the The entire amount of any Award made for such temporary Taking or Condemnation allocable to the Term, whether paid by way of damages, rent or otherwise, shall be paid to Tenant. Tenant shall, promptly upon the termination of any such period of temporary Condemnationcondemnation, at its sole cost and expenseexpense (but only to the extent of the Award payable to Tenant), restore the affected Leased Property as nearly as may be reasonably possible, to the condition that existed immediately prior to such Condemnation, in material compliance with all applicable Legal Requirements, unless such period of temporary Condemnation use or occupancy shall extend beyond the expiration of the Term, in which event case Tenant shall not be required to make such restoration.

Appears in 1 contract

Samples: Lease Agreement (Senior Housing Properties Trust)

Temporary Condemnation. In the event of any temporary Condemnation of all or any part of the Property or Tenant’s 's interest therein, this Agreement shall continue in full force and effect effect, and Tenant shall continue to pay (or cause to be paid)pay, in the manner and on the terms herein specified, the full amount of the Rent. Tenant shall continue to perform and observe (or cause to be performed and observed) all of the other terms and conditions of this Agreement on the part of the Tenant to be performed and observed. Provided no Default or Event of Default has occurred and is continuing, the entire amount of any Award made for such temporary Condemnation allocable to the Term, whether paid by way of damages, rent or otherwise, shall be paid to Tenant. Tenant shall, promptly upon the termination of any such period of temporary Condemnation, at its sole cost and expense, restore the affected Property to the condition that existed immediately prior to such Condemnation, in material full compliance with all applicable Legal Requirements, unless such period of temporary Condemnation shall extend beyond the expiration of the Term, in which event Tenant shall not be required to make such restoration. For purposes of this SECTION 11.4, a Condemnation shall be deemed to be temporary if the period of such Condemnation is not expected to exceed twenty-four (24) months.

Appears in 1 contract

Samples: Lease Agreement (Cytotherapeutics Inc/De)

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