Common use of TENANT'S QUITCLAIM Clause in Contracts

TENANT'S QUITCLAIM. Upon the expiration of the Term or any Extended Term, or any sooner termination of this Lease, if Tenant has not exercised its option to purchase the Ground Leased Premises, Tenant agrees to execute, acknowledge and deliver to Landlord a proper instrument in writing, releasing and quitclaiming to Landlord all right, title and interest of Tenant in and to the Ground Leased Premises and all improvements.

Appears in 2 contracts

Samples: Restructuring Agreement, Restructuring Agreement (Health Management Associates Inc)

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TENANT'S QUITCLAIM. Upon the expiration of the Term or any Extended Term, or any sooner termination of this Lease, if Tenant has not exercised its option to purchase the Ground Leased Premises, Tenant agrees that its interests shall be quit claimed to Landlord without necessity of further action, provided, however, that Tenant shall, upon request, execute, acknowledge and deliver to Landlord a proper an instrument in writing, releasing and quitclaiming to Landlord all right, title and interest of Tenant in and to the Ground Leased Premises and all improvementsimprovements reasonably acceptable to Tenant.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Physicians Realty Trust)

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TENANT'S QUITCLAIM. Upon the expiration of the Term or any Extended Lease Term, or any ------------------ sooner termination of this Lease, if Tenant has not exercised its option to purchase the Ground Leased Premises, Tenant agrees to execute, acknowledge and deliver to Landlord a proper instrument in writing, releasing and quitclaiming to Landlord all right, title and interest of Tenant in and to the Ground Leased Premises and all improvementsProperty.

Appears in 1 contract

Samples: Ground Lease (Hollywood Park Inc/New/)

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