Tenant’s General Obligations. Subject to SECTION 6.1 hereof, Tenant shall, at its sole cost and expense (except as expressly provided in SECTION 5.1.3 (b)), keep the Property and all private roadways, sidewalks and curbs appurtenant thereto (and Tenant’s Personal Property) in good order and repair, reasonable wear and tear excepted (whether or not the need for such repairs occurs as a result of Tenant’s use, any prior use, Insurance Requirements, the elements or the age of the Property or Tenant’s Personal Property or any portion thereof), and shall promptly make all repairs, corrections, maintenance, alterations, improvements, renovations, installations, renewals and additions (collectively, “REPAIRS”) thereto of every kind and nature, whether interior or exterior, structural or nonstructural, ordinary or extraordinary, foreseen or unforeseen or arising by reason of a condition existing prior to the commencement of the Term (concealed or otherwise). All Repairs shall be made in a good, workmanlike manner, consistent with industry standards for like hotels and casinos in like locales, in accordance with all applicable federal, State, territorial and local statutes, ordinances, codes, rules and regulations relating to any such work. Tenant shall not take or omit to take any action, the taking or omission of which would materially and adversely impair the value or the usefulness of the Property or any material part thereof for its Permitted Use. Any and all alterations, additions, improvements, and fixtures which may be made or installed by either the Landlord or the Tenant upon the Property and/or the Hotel and which in any manner are attached to the floors, walls or ceilings (including, without limitation, any linoleum or other floor covering of similar character which may be cemented or otherwise adhesively affixed to the floor, and any electrical, plumbing, heating, ventilating and/or air conditioning system and equipment), shall, upon the termination or expiration of this Agreement, immediately and automatically be transferred to Landlord and become, without the requirement of any action or undertaking by any party, Landlord’s sole property and shall remain upon the Property and/or the Hotel and be surrendered with the Property and/or the Hotel as a part thereof without disturbance, molestation or injury.
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Tenant’s General Obligations. Subject to SECTION Section 6.1 hereof, Tenant shall, at its sole cost and expense (except as expressly provided in SECTION Section 5.1.3 (b)), keep the Property and all private roadways, sidewalks and curbs appurtenant thereto (and Tenant’s 's Personal Property) in good order and repair, reasonable wear and tear excepted (whether or not the need for such repairs occurs as a result of Tenant’s 's use, any prior use, Insurance Requirements, the elements or the age of the Property or Tenant’s 's Personal Property or any portion thereof), and shall promptly make all repairs, corrections, maintenance, alterations, improvements, renovations, installations, renewals and additions (collectively, “REPAIRS”"Repairs") thereto of every kind and nature, whether interior or exterior, structural or nonstructural, ordinary or extraordinary, foreseen or unforeseen or arising by reason of a condition existing prior to the commencement of the Term (concealed or otherwise). All Repairs shall be made in a good, workmanlike manner, consistent with industry standards for like hotels and casinos in like locales, in accordance with all applicable federal, State, territorial and local statutes, ordinances, codes, rules and regulations relating to any such work. Tenant shall not take or omit to take any action, the taking or omission of which would materially and adversely impair the value or the usefulness of the Property or any material part thereof for its Permitted Use. Any and all alterations, additions, improvements, and fixtures which may be made or installed by either the Landlord or the Tenant upon the Property and/or the Hotel and which in any manner are attached to the floors, walls or ceilings (including, without limitation, any linoleum or other floor covering of similar character which may be cemented or otherwise adhesively affixed to the floor, and any electrical, plumbing, heating, ventilating and/or air conditioning system and equipment), shall, upon the termination or expiration of this Agreement, immediately and automatically be transferred to Landlord and become, without the requirement of any action or undertaking by any party, Landlord’s 's sole property and shall remain upon the Property and/or the Hotel and be surrendered with the Property and/or the Hotel as a part thereof without disturbance, molestation or injury.
Appears in 1 contract
Samples: Stock Purchase Agreement (Hospitality Properties Trust)
Tenant’s General Obligations. Subject to SECTION 6.1 hereof, Tenant shall, at its sole cost and expense (except as expressly provided in SECTION 5.1.3 Sections 5.1.3(b), 10.2.3 or 11.2), or shall direct the Manager or (b))following the Patriot Acquisition Date) Subtenant to, keep the Leased Property and all private roadways, sidewalks and curbs appurtenant thereto (and Tenant’s 's Personal Property) in good order and repair, reasonable wear and tear excepted (whether or not the need for such repairs occurs as a result of Tenant’s 's or the Manager's use, any prior use, Insurance Requirements, the elements or the age of the Leased Property or Tenant’s 's Personal Property or any portion thereof), and shall promptly make (or cause the Manager to make) all repairs, corrections, maintenance, alterations, improvements, renovations, installations, renewals necessary and additions (collectively, “REPAIRS”) appropriate repairs and replacements thereto of every kind and nature, whether interior or exterior, structural or nonstructural, ordinary or extraordinary, foreseen or unforeseen or arising by reason of a condition existing prior to the commencement of the Term (concealed or otherwise). All Repairs repairs shall be made in a good, workmanlike manner, consistent with the Manager's and industry standards for like hotels and casinos in like locales, in accordance with all applicable federal, State, territorial state and local statutes, ordinances, by-laws, codes, rules and regulations relating to any such work. Tenant shall not take or omit to take (and shall direct the Manager not to take or omit to take) any action, the taking or omission of which would materially and adversely impair the value or the usefulness of the Leased Property or any material part thereof for its Permitted Use. Any and all alterations, additions, improvements, and fixtures which may Tenant's obligations under this Section 5.1.1 shall be made or installed by either limited in the Landlord or the Tenant upon the Property and/or the Hotel and which in any manner are attached to the floors, walls or ceilings (including, without limitation, any linoleum or other floor covering of similar character which may be cemented or otherwise adhesively affixed to the floor, and any electrical, plumbing, heating, ventilating and/or air conditioning system and equipment), shall, upon the termination or expiration of this Agreement, immediately and automatically be transferred to Landlord and become, without the requirement event of any action casualty or undertaking by any party, Landlord’s sole property Condemnation as set forth in Sections 10.2 and shall remain upon the Property and/or the Hotel 11.2 and be surrendered also as set forth in Section 5.1.3(b) and Tenant's obligations with the Property and/or the Hotel respect to Hazardous Substances are as a part thereof without disturbance, molestation or injuryset forth in Section 4.3.
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Samples: Master Lease Agreement (Hospitality Properties Trust)
Tenant’s General Obligations. Subject to SECTION 6.1 hereof, Tenant shall, at its sole cost and expense (except as expressly provided in SECTION 5.1.3 (b)), keep the Property and all private roadways, sidewalks and curbs appurtenant thereto (and Tenant’s 's Personal Property) in good order and repair, reasonable wear and tear excepted (whether or not the need for such repairs occurs as a result of Tenant’s 's use, any prior use, Insurance Requirements, the elements or the age of the Property or Tenant’s 's Personal Property or any portion thereof), and shall promptly make all repairs, corrections, maintenance, alterations, improvements, renovations, installations, renewals and additions (collectively, “"REPAIRS”") thereto of every kind and nature, whether interior or exterior, structural or nonstructural, ordinary or extraordinary, foreseen or unforeseen or arising by reason of a condition existing prior to the commencement of the Term (concealed or otherwise). All Repairs shall be made in a good, workmanlike manner, consistent with industry standards for like hotels and casinos in like locales, in accordance with all applicable federal, State, territorial and local statutes, ordinances, codes, rules and regulations relating to any such work. Tenant shall not take or omit to take any action, the taking or omission of which would materially and adversely impair the value or the usefulness of the Property or any material part thereof for its Permitted Use. Any and all alterations, additions, improvements, and fixtures which may be made or installed by either the Landlord or the Tenant upon the Property and/or the Hotel and which in any manner are attached to the floors, walls or ceilings (including, without limitation, any linoleum or other floor covering of similar character which may be cemented or otherwise adhesively affixed to the floor, and any electrical, plumbing, heating, ventilating and/or air conditioning system and equipment), shall, upon the termination or expiration of this Agreement, immediately and automatically be transferred to Landlord and become, without the requirement of any action or undertaking by any party, Landlord’s 's sole property and shall remain upon the Property and/or the Hotel and be surrendered with the Property and/or the Hotel as a part thereof without disturbance, molestation or injury.
Appears in 1 contract
Samples: Stock Purchase Agreement (Hospitality Properties Trust)