Common use of Uneconomic for its Primary Intended Use Clause in Contracts

Uneconomic for its Primary Intended Use. A state or condition of the --------------------------------------- Facility such that in the reasonable judgment of Lessor the Facility cannot be operated on a commercially practicable basis for its Primary Intended Use, such that Lessor intends to, and shall, cease operation of the Facility.

Appears in 3 contracts

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

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Uneconomic for its Primary Intended Use. A state or condition of the --------------------------------------- Facility such that in the reasonable judgment of Lessor the Facility cannot be operated on a commercially practicable basis for its Primary Intended Use, such that Lessor intends to, and shall, cease operation complete the cessation of operations from the Leased Facility, if and to the extent permitted under the Management Agreement.

Appears in 2 contracts

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

Uneconomic for its Primary Intended Use. A state or condition of the --------------------------------------- Facility such that in the reasonable reasonable, good faith judgment of Lessor the Facility cannot be operated on a commercially practicable basis for its Primary Intended Use, such that Lessor intends to, and shall, cease operation complete the cessation of operations from the Leased Facility.

Appears in 2 contracts

Samples: Merger Agreement (American General Hospitality Corp), Merger Agreement (Capstar Hotel Co)

Uneconomic for its Primary Intended Use. A state or condition of the --------------------------------------- Facility such that in the reasonable reasonable, good faith judgment of Lessor the Facility cannot be operated on a commercially practicable basis for its Primary Intended Use, such that Lessor intends to, and shall, cease operation complete the cessation of operations from the Leased Facility.

Appears in 1 contract

Samples: Lease Agreement (American General Hospitality Corp)

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Uneconomic for its Primary Intended Use. A state or condition of the --------------------------------------- -------------------------------------------- Facility such that in the reasonable judgment of Lessor the Facility cannot be operated on a commercially practicable basis for its Primary Intended Use, such that Lessor intends to, and shall, cease operation of the Facility.

Appears in 1 contract

Samples: Lease Agreement (Hersha Hospitality Trust)

Uneconomic for its Primary Intended Use. A state or condition of the --------------------------------------- Facility such that in the reasonable judgment of Lessor the Facility cannot be operated on a commercially practicable basis for its Primary Intended Use, such that Lessor intends to, and shall, cease operation of operations from the Facility.

Appears in 1 contract

Samples: Lease Agreement (Behringer Harvard Opportunity REIT I, Inc.)

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