Common use of Use and Acceptance of Premises Clause in Contracts

Use and Acceptance of Premises. 24 6.1 Use of Leased Property 24 6.2 Acceptance of Leased Property 25 6.3 Conditions of Use and Occupancy 25 ARTICLE 7: MAINTENANCE AND MECHANICS’ LIENS 25 7.1 Maintenance 25 7.2 Required Alterations 26 7.3 Mechanic’s Liens 26 7.4 Replacements of Fixtures and Landlord’s Personal Property 26 ARTICLE 8: DEFAULTS AND REMEDIES 27 8.1 Events of Default 27 8.2 Remedies 29 8.3 Right of Setoff 31 8.4 Performance of Tenant’s Covenants 31 8.5 Late Payment Charge 31 8.6 Default Rent 32 8.7 Attorneys’ Fees 32 8.8 Reserved 32 8.9 Remedies Cumulative 32 8.10 Waivers 32 8.11 Obligations Under the Bankruptcy Code 32 ARTICLE 9: DAMAGE AND DESTRUCTION 33 9.1 Notice of Casualty 33 9.2 Substantial Destruction 33 9.3 Partial Destruction 34 9.4 Restoration 34 9.5 Insufficient Proceeds 35 9.6 Not Trust Funds 35 9.7 Landlord’s Inspection 35 9.8 Landlord’s Costs 35 9.9 No Rent Abatement 35 SECTION PAGE ARTICLE 10: CONDEMNATION 36 10.1 Total Taking 36 10.2 Partial Taking 36 10.3 Condemnation Proceeds Not Trust Funds 36 ARTICLE 11: TENANT’S PROPERTY 37 11.1 Tenant’s Property 37 11.2 Requirements for Tenant’s Property 37 ARTICLE 12: RENEWAL OPTIONS 38 12.1 Renewal Options 38 12.2 Effect of Renewal 38 ARTICLE 13: RESERVED 39 ARTICLE 14: NEGATIVE COVENANTS 39 14.1 No Debt 39 14.2 No Liens 39 14.3 No Guaranties 39 14.4 No Transfer 39 14.5 No Dissolution 39 14.6 No Change in Operation 40 14.7 No Investments 40 14.8 Contracts 40 14.9 Reserved 40 14.10 Change of Location or Name 40 ARTICLE 15: AFFIRMATIVE COVENANTS 40 15.1 Perform Obligations 40 15.2 Proceedings to Enjoin or Prevent Construction 40 15.3 Documents and Information 41 15.3.1 Furnish Documents 41 15.3.2 Furnish Information 41 15.3.3 Further Assurances and Information 41 15.3.4 Material Communications 41 15.3.5 Requirements for Financial Statements 42 15.4 Compliance With Laws 42 15.5 Broker’s Commission 42 15.6 Existence and Change in Ownership 42 15.7 Financial Covenants 42 15.7.1 Definitions 43 15.7.2 Coverage Ratio 43 15.7.3 Net Worth 43 15.7.4 Current Ratio 43 15.8 Facility Licensure and Certification 43 15.9 Transfer of License and Facility Operations 43 15.9.1 Licensure and Tenant’s Property 44 SECTION PAGE 15.9.2 Facility Operations 44 15.10 Bed Operating Rights 45 15.11 Power of Attorney 45 15.12 Project Submissions 45 ARTICLE 16: ALTERATIONS, CAPITAL IMPROVEMENTS, AND SIGNS 46 16.1 Prohibition on Alterations and Improvements 46 16.2 Approval of Alterations 46 16.3 Permitted Alterations 46 16.4 Requirements for Permitted Alterations 46 16.5 Ownership and Removal of Permitted Alterations 47 16.6 Signs 47 ARTICLE 17: RESERVED 47 ARTICLE 18: ASSIGNMENT AND SALE OF LEASED PROPERTY 47 18.1 Prohibition on Assignment and Subletting 47 18.2 Requests for Landlord’s Consent to Assignment, Sublease or Management Agreement 48 18.3 Sale of Leased Property 49 18.4 Assignment by Landlord 49 ARTICLE 19: HOLDOVER AND SURRENDER 49 19.1 Holding Over 49 19.2 Surrender 50 19.3 Indemnity 50 ARTICLE 20: RESERVED 50 ARTICLE 21: QUIET ENJOYMENT, SUBORDINATION, ATTORNMENT AND ESTOPPEL CERTIFICATES 50 21.1 Quiet Enjoyment 50 21.2 Subordination 50 21.3 Attornment 51 21.4 Estoppel Certificates 51 ARTICLE 22: CONTINGENT PAYMENTS 52 22.1 Contingent Payments 52 22.2 Contingent Payments for Capital Expenditures 52 22.2.1 Conditions 52 22.2.2 No Commitment 52 22.3 Contingent Payments for Project Improvements 52 22.3.1 Conditions 52 22.3.2 Contingent Payments for the San Antonio Facility 52 22.4 Contingent Payments for Development Projects 52 22.4.1 Conditions 52 22.4.2 Contingent Payments for the Waukesha Facility 53 SECTION PAGE ARTICLE 23: RESERVED 53 ARTICLE 24: MISCELLANEOUS 53 24.1 Notices 53 24.2 Advertisement of Leased Property 53 24.3 Entire Agreement 53 24.4 Severability 53 24.5 Captions and Headings 53 24.6 Governing Law 53 24.7 Memorandum of Lease 54 24.8 Waiver 54 24.9 Binding Effect 54 24.10 No Offer 54 24.11 Modification 54 24.12 Landlord’s Modification 54 24.13 No Merger 55 24.14 Laches 55 24.15 Limitation on Tenant’s Recourse 55 24.16 Construction of Lease 55 24.17 Counterparts 55 24.18 Landlord’s Consent 55 24.19 Custody of Escrow Funds 55 24.20 Landlord’s Status as a REIT 55 24.21 Exhibits 55 24.22 WAIVER OF JURY TRIAL 55 24.23 CONSENT TO JURISDICTION 56 24.24 Attorney’s Fees and Expenses 56 24.25 Survival 57 24.26 Time 57 24.27 Subtenant 57 24.28 Recharacterization 57 SCHEDULE 1: INITIAL RENT SCHEDULE EXHIBIT A: LEGAL DESCRIPTIONS EXHIBIT B: PERMITTED EXCEPTIONS EXHIBIT C: FACILITY INFORMATION EXHIBIT D: NOT SUBMITTED EXHIBIT E: DOCUMENTS TO BE DELIVERED EXHIBIT F: FINANCIAL CERTIFICATION EXHIBIT G: ANNUAL QUALIFIED IMPROVEMENTS CERTIFICATE EXHIBIT H: CONTINGENT PAYMENT REQUEST

Appears in 1 contract

Samples: Master Lease Agreement (LifeCare Holdings, Inc.)

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Use and Acceptance of Premises. 24 6.1 Use of Leased Property 24 6.2 Acceptance of Leased Property 25 24 6.3 Conditions of Use and Occupancy 25 24 ARTICLE 7: MAINTENANCE AND MECHANICS’ LIENS 25 7.1 Maintenance 25 7.2 Required Alterations 26 25 7.3 Mechanic’s Liens 26 25 7.4 Replacements of Fixtures and Landlord’s Personal Property 26 ARTICLE 8: DEFAULTS AND REMEDIES 27 26 8.1 Events of Default 27 26 8.2 Remedies 29 28 8.3 Right of Setoff 31 8.4 Performance of Tenant’s Covenants 31 8.5 Late Payment Charge 31 8.6 Default Rent 32 8.7 Attorneys’ Fees 32 8.8 Reserved Escrows and Application of Payments 32 8.9 Remedies Cumulative 32 8.10 Waivers 32 8.11 Obligations Under the Bankruptcy Code 32 33 ARTICLE 9: DAMAGE AND DESTRUCTION 33 9.1 Notice of Casualty 33 9.2 Substantial Destruction 33 9.3 Partial Destruction 34 35 9.4 Restoration 34 35 9.5 Insufficient Proceeds 35 9.6 Not Trust Funds 35 36 9.7 Landlord’s Inspection 35 36 9.8 Landlord’s Costs 35 36 9.9 No Rent Abatement 35 SECTION PAGE 36 ARTICLE 10: CONDEMNATION 36 10.1 Total Taking 36 10.2 Partial Taking 36 37 10.3 Condemnation Proceeds Not Trust Funds 36 ARTICLE 11: TENANT’S PROPERTY 37 11.1 Tenant’s Property 37 11.2 Requirements for Tenant’s Property 37 ARTICLE 12: RENEWAL OPTIONS 38 12.1 Renewal Options 38 12.2 Effect of Renewal 38 ARTICLE 13: RESERVED 39 ARTICLE 14: NEGATIVE COVENANTS 39 14.1 No Debt 39 14.2 No Liens 39 14.3 No Guaranties 39 14.4 No Transfer 39 14.5 No Dissolution 39 14.6 No Change in Operation 40 14.7 No Investments 40 14.8 Contracts 40 14.9 Reserved 40 14.10 Change of Location or Name 40 ARTICLE 15: AFFIRMATIVE COVENANTS 40 15.1 Perform Obligations 40 15.2 Proceedings to Enjoin or Prevent Construction 40 15.3 Documents and Information 41 15.3.1 Furnish Documents 41 15.3.2 Furnish Information 41 15.3.3 Further Assurances and Information 41 15.3.4 Material Communications 41 15.3.5 Requirements for Financial Statements 42 15.4 Compliance With Laws 42 15.5 Broker’s Commission 42 15.6 Existence and Change in Ownership 42 15.7 Financial Covenants 42 15.7.1 Definitions 43 15.7.2 Coverage Ratio 43 15.7.3 Net Worth 43 15.7.4 Current Ratio 43 15.8 Facility Licensure and Certification 43 15.9 Transfer of License and Facility Operations 43 15.9.1 Licensure and Tenant’s Property 44 SECTION PAGE 15.9.2 Facility Operations 44 15.10 Bed Operating Rights 45 15.11 Power of Attorney 45 15.12 Project Submissions 45 ARTICLE 16: ALTERATIONS, CAPITAL IMPROVEMENTS, AND SIGNS 46 16.1 Prohibition on Alterations and Improvements 46 16.2 Approval of Alterations 46 16.3 Permitted Alterations 46 16.4 Requirements for Permitted Alterations 46 16.5 Ownership and Removal of Permitted Alterations 47 16.6 Signs 47 ARTICLE 17: RESERVED 47 ARTICLE 18: ASSIGNMENT AND SALE OF LEASED PROPERTY 47 18.1 Prohibition on Assignment and Subletting 47 18.2 Requests for Landlord’s Consent to Assignment, Sublease or Management Agreement 48 18.3 Sale of Leased Property 49 18.4 Assignment by Landlord 49 ARTICLE 19: HOLDOVER AND SURRENDER 49 19.1 Holding Over 49 19.2 Surrender 50 19.3 Indemnity 50 ARTICLE 20: RESERVED 50 ARTICLE 21: QUIET ENJOYMENT, SUBORDINATION, ATTORNMENT AND ESTOPPEL CERTIFICATES 50 21.1 Quiet Enjoyment 50 21.2 Subordination 50 21.3 Attornment 51 21.4 Estoppel Certificates 51 ARTICLE 22: CONTINGENT PAYMENTS 52 22.1 Contingent Payments 52 22.2 Contingent Payments for Capital Expenditures 52 22.2.1 Conditions 52 22.2.2 No Commitment 52 22.3 Contingent Payments for Project Improvements 52 22.3.1 Conditions 52 22.3.2 Contingent Payments for the San Antonio Facility 52 22.4 Contingent Payments for Development Projects 52 22.4.1 Conditions 52 22.4.2 Contingent Payments for the Waukesha Facility 53 SECTION PAGE ARTICLE 23: RESERVED 53 ARTICLE 24: MISCELLANEOUS 53 24.1 Notices 53 24.2 Advertisement of Leased Property 53 24.3 Entire Agreement 53 24.4 Severability 53 24.5 Captions and Headings 53 24.6 Governing Law 53 24.7 Memorandum of Lease 54 24.8 Waiver 54 24.9 Binding Effect 54 24.10 No Offer 54 24.11 Modification 54 24.12 Landlord’s Modification 54 24.13 No Merger 55 24.14 Laches 55 24.15 Limitation on Tenant’s Recourse 55 24.16 Construction of Lease 55 24.17 Counterparts 55 24.18 Landlord’s Consent 55 24.19 Custody of Escrow Funds 55 24.20 Landlord’s Status as a REIT 55 24.21 Exhibits 55 24.22 WAIVER OF JURY TRIAL 55 24.23 CONSENT TO JURISDICTION 56 24.24 Attorney’s Fees and Expenses 56 24.25 Survival 57 24.26 Time 57 24.27 Subtenant 57 24.28 Recharacterization 57 SCHEDULE 1: INITIAL RENT SCHEDULE EXHIBIT A: LEGAL DESCRIPTIONS EXHIBIT B: PERMITTED EXCEPTIONS EXHIBIT C: FACILITY INFORMATION EXHIBIT D: NOT SUBMITTED EXHIBIT E: DOCUMENTS TO BE DELIVERED EXHIBIT F: FINANCIAL CERTIFICATION EXHIBIT G: ANNUAL QUALIFIED IMPROVEMENTS CERTIFICATE EXHIBIT H: CONTINGENT PAYMENT REQUEST37

Appears in 1 contract

Samples: Master Lease Agreement (LifeCare Holdings, Inc.)

Use and Acceptance of Premises. 24 23 6.1 Use of Leased Property 24 23 6.2 Acceptance of Leased Property 25 23 6.3 Conditions of Use and Occupancy 25 23 ARTICLE 7: MAINTENANCE AND MECHANICS’ LIENS 25 24 7.1 Maintenance 25 24 7.2 Required Alterations 26 24 7.3 Mechanic’s Liens 26 24 7.4 Replacements of Fixtures and Landlord’s Personal Property 26 25 ARTICLE 8: :DEFAULTS AND REMEDIES 27 25 8.1 Events of Default 27 25 8.2 Remedies 29 27 8.3 Right of Setoff 31 30 8.4 Performance of Tenant’s Covenants 31 30 8.5 Late Payment Charge 31 30 8.6 Default Rent 32 31 8.7 Attorneys’ Fees 32 31 8.8 Reserved 32 Escrows and Application of Payments 31 8.9 Remedies Cumulative 32 31 8.10 Waivers 32 8.11 Obligations Under the Bankruptcy Code 32 31 ARTICLE 9: :DAMAGE AND DESTRUCTION 33 32 9.1 Notice of Casualty 33 32 9.2 Substantial Destruction 33 32 9.3 Partial Destruction 34 33 9.4 Restoration 34 33 9.5 Insufficient Proceeds 35 34 9.6 Not Trust Funds 35 34 9.7 Landlord’s Inspection 35 34 9.8 Landlord’s Costs 35 9.9 No Rent Abatement 35 SECTION PAGE ARTICLE 1010.3: : CONDEMNATION 36 35 10.1 Total Taking 36 35 10.2 Partial Taking 36 35 10.3 Condemnation Proceeds Not Trust Funds 36 ARTICLE 1111 : TENANT’S PROPERTY 37 36 11.1 Tenant’s Property 37 36 11.2 Requirements for Tenant’s Property 37 36 ARTICLE 12: RENEWAL OPTIONS 38 37 12.1 Renewal Options 38 37 12.2 Effect of Renewal 38 37 ARTICLE 13: RESERVED OPTION TO PURCHASE 38 13.1 Option to Purchase 38 13.2 Option Price 39 13.3 Fair Market Value 39 13.4 Closing 40 13.5 Failure to Close Option 41 13.6 Failure to Exercise Option to Purchase and Renewal Option 41 13.7 Early Option to Purchase Dayton Facility 41 ARTICLE 14: :NEGATIVE COVENANTS 39 41 14.1 No Debt 39 42 14.2 No Liens 39 42 14.3 No Guaranties 39 42 14.4 No Transfer 39 42 14.5 No Dissolution 39 42 14.6 No Change in Management or Operation 40 42 14.7 No Investments 40 42 14.8 Contracts 40 42 14.9 Reserved 40 Subordination of Payments to Affiliates 42 14.10 Change of Location or Name 40 42 ARTICLE 15: :AFFIRMATIVE COVENANTS 40 43 15.1 Perform Obligations 40 43 15.2 Proceedings to Enjoin or Prevent Construction 40 43 15.3 Documents and Information 41 43 15.3.1 Furnish Documents 41 43 15.3.2 Furnish Information 41 43 15.3.3 Further Assurances and Information 41 44 15.3.4 Material Communications 41 44 15.3.5 Requirements for Financial Statements 42 44 15.4 Compliance With Laws 42 44 15.5 Broker’s Commission 42 44 15.6 Existence and Change in Ownership 42 45 15.7 Financial Covenants 42 45 15.7.1 Definitions 43 45 15.7.2 Coverage Ratio 43 46 15.7.3 Net Worth 43 46 15.7.4 Current Ratio 43 Accounts Payable Days Sales Outstanding 46 15.8 Facility Licensure and Certification 43 46 15.9 Transfer of License and Facility Operations 43 46 15.9.1 Licensure and Tenant’s Property 44 SECTION PAGE 46 15.9.2 Facility Operations 44 46 15.10 Bed Operating Rights 45 15.11 Power of Attorney 45 15.12 Project Submissions 45 ARTICLE 16: ALTERATIONS, CAPITAL IMPROVEMENTS, AND SIGNS 46 16.1 Prohibition on Alterations and Improvements 46 16.2 Approval of Alterations 46 16.3 Permitted Alterations 46 16.4 Requirements for Permitted Alterations 46 16.5 Ownership and Removal of Permitted Alterations 47 16.6 Signs 47 ARTICLE 17: RESERVED 47 ARTICLE 18: ASSIGNMENT AND SALE OF LEASED PROPERTY 47 18.1 Prohibition on Assignment and Subletting 47 18.2 Requests for Landlord’s Consent to Assignment, Sublease or Management Agreement 48 18.3 Sale of Leased Property 49 18.4 Assignment by Landlord 49 ARTICLE 19: HOLDOVER AND SURRENDER 49 19.1 Holding Over 49 19.2 Surrender 50 19.3 Indemnity 50 ARTICLE 20: RESERVED 50 ARTICLE 21: QUIET ENJOYMENT, SUBORDINATION, ATTORNMENT AND ESTOPPEL CERTIFICATES 50 21.1 Quiet Enjoyment 50 21.2 Subordination 50 21.3 Attornment 51 21.4 Estoppel Certificates 51 ARTICLE 22: CONTINGENT PAYMENTS 52 22.1 Contingent Payments 52 22.2 Contingent Payments for Capital Expenditures 52 22.2.1 Conditions 52 22.2.2 No Commitment 52 22.3 Contingent Payments for Project Improvements 52 22.3.1 Conditions 52 22.3.2 Contingent Payments for the San Antonio Facility 52 22.4 Contingent Payments for Development Projects 52 22.4.1 Conditions 52 22.4.2 Contingent Payments for the Waukesha Facility 53 SECTION PAGE ARTICLE 23: RESERVED 53 ARTICLE 24: MISCELLANEOUS 53 24.1 Notices 53 24.2 Advertisement of Leased Property 53 24.3 Entire Agreement 53 24.4 Severability 53 24.5 Captions and Headings 53 24.6 Governing Law 53 24.7 Memorandum of Lease 54 24.8 Waiver 54 24.9 Binding Effect 54 24.10 No Offer 54 24.11 Modification 54 24.12 Landlord’s Modification 54 24.13 No Merger 55 24.14 Laches 55 24.15 Limitation on Tenant’s Recourse 55 24.16 Construction of Lease 55 24.17 Counterparts 55 24.18 Landlord’s Consent 55 24.19 Custody of Escrow Funds 55 24.20 Landlord’s Status as a REIT 55 24.21 Exhibits 55 24.22 WAIVER OF JURY TRIAL 55 24.23 CONSENT TO JURISDICTION 56 24.24 Attorney’s Fees and Expenses 56 24.25 Survival 57 24.26 Time 57 24.27 Subtenant 57 24.28 Recharacterization 57 SCHEDULE 1: INITIAL RENT SCHEDULE EXHIBIT A: LEGAL DESCRIPTIONS EXHIBIT B: PERMITTED EXCEPTIONS EXHIBIT C: FACILITY INFORMATION EXHIBIT D: NOT SUBMITTED EXHIBIT E: DOCUMENTS TO BE DELIVERED EXHIBIT F: FINANCIAL CERTIFICATION EXHIBIT G: ANNUAL QUALIFIED IMPROVEMENTS CERTIFICATE EXHIBIT H: CONTINGENT PAYMENT REQUESTPAGE

Appears in 1 contract

Samples: Master Lease Agreement (Emeritus Corp\wa\)

Use and Acceptance of Premises. 24 19 6.1 Use of Leased Property 24 19 6.2 Acceptance of Leased Property 25 19 6.3 Conditions of Use and Occupancy 25 19 ARTICLE 7: MAINTENANCE AND MECHANICS' LIENS 25 20 7.1 Maintenance 25 20 7.2 Required Alterations 26 20 7.3 Mechanic’s 's Liens 26 20 7.4 Replacements of Fixtures and Landlord’s 's Personal Property 26 21 7.5 Lender Maintenance Reserve Escrow 21 ARTICLE 8: DEFAULTS AND REMEDIES 27 21 8.1 Events of Default 27 21 8.2 Remedies 29 23 8.3 Right of Setoff 31 26 8.4 Performance of Tenant’s 's Covenants 31 26 8.5 Late Payment Charge 31 26 8.6 Default Rent 32 27 8.7 Attorneys' Fees 32 27 8.8 Reserved 32 Escrows and Application of Payments 27 8.9 Remedies Cumulative 32 27 8.10 Waivers 32 27 8.11 Obligations Under the Bankruptcy Code 32 28 ARTICLE 9: DAMAGE AND DESTRUCTION 33 28 9.1 Notice of Casualty 33 28 9.2 Substantial Destruction 33 28 9.3 Partial Destruction 34 29 9.4 Restoration 34 29 9.5 Insufficient Proceeds 35 30 9.6 Not Trust Funds 35 30 9.7 Landlord’s 's Inspection 35 30 9.8 Landlord’s 's Costs 35 30 9.9 No Rent Abatement 35 SECTION PAGE 31 ARTICLE 10: CONDEMNATION 36 31 10.1 Total Taking 36 31 10.2 Partial Taking 36 31 10.3 Condemnation Proceeds Not Trust Funds 36 31 ARTICLE 11: TENANT’S 'S PROPERTY 37 32 11.1 Tenant’s 's Property 37 32 11.2 Requirements for Tenant’s 's Property 37 32 ARTICLE 12: RENEWAL OPTIONS 38 33 12.1 Renewal Options 38 33 12.2 Effect of Renewal 38 33 ARTICLE 13: RESERVED 39 RIGHT OF FIRST OPPORTUNITY 34 13.1 Right of First Opportunity 34 13.2 Closing 35 ARTICLE 14: NEGATIVE COVENANTS 39 36 14.1 No Debt 39 36 14.2 No Liens 39 36 14.3 No Guaranties 39 36 14.4 No Transfer 39 36 14.5 No Dissolution 39 36 14.6 No Change in Operation 40 Subordination of Payments to Affiliates 36 14.7 No Investments 40 14.8 Contracts 40 14.9 Reserved 40 14.10 Change of Location or Name 40 36 ARTICLE 15: AFFIRMATIVE COVENANTS 40 37 15.1 Perform Obligations 40 37 15.2 Proceedings to Enjoin or Prevent Construction 40 37 15.3 Documents and Information 41 37 15.3.1 Furnish Documents 41 37 15.3.2 Furnish Information 41 37 15.3.3 Further Assurances and Information 41 37 15.3.4 Material Communications 41 38 15.3.5 Requirements for Financial Statements 42 38 15.4 Compliance With Laws 42 38 15.5 Broker’s 's Commission 42 38 15.6 Existence and Change in Ownership 42 38 15.7 Financial Covenants 42 39 15.7.1 Definitions 43 39 15.7.2 Coverage Ratio 43 15.7.3 Net Worth 43 15.7.4 Current Ratio 43 39 15.8 Facility Licensure and Certification 43 39 15.9 Transfer of License and Facility Operations 43 39 15.9.1 Licensure and Tenant’s Property 44 SECTION PAGE 39 15.9.2 Facility Operations 44 39 15.10 Bed Operating Rights 45 40 15.11 Power of Attorney 45 40 15.12 Project Submissions 45 Compliance with Loan Documents 41 ARTICLE 16: ALTERATIONS, CAPITAL IMPROVEMENTS, AND SIGNS 46 42 16.1 Prohibition on Alterations and Improvements 46 42 16.2 Approval of Alterations 46 42 16.3 Permitted Alterations 46 43 16.4 Requirements for Permitted Alterations 46 43 16.5 Ownership and Removal of Permitted Alterations 47 44 16.6 Minimum Qualified Capital Expenditures 44 16.7 Signs 47 44 ARTICLE 17: RESERVED 47 44 ARTICLE 18: ASSIGNMENT AND SALE OF LEASED PROPERTY 47 44 18.1 Prohibition on Assignment and Subletting 47 44 18.2 Requests for Landlord’s 's Consent to Assignment, Sublease or Management Agreement 48 45 18.3 Agreements with Residents 46 18.4 Sale of Leased Property 49 18.4 46 18.5 Assignment by Landlord 49 46 ARTICLE 19: HOLDOVER AND SURRENDER 49 46 19.1 Holding Over 49 46 19.2 Surrender 50 47 19.3 Indemnity 50 47 ARTICLE 20: RESERVED 50 47 ARTICLE 21: QUIET ENJOYMENT, SUBORDINATION, ATTORNMENT AND ESTOPPEL CERTIFICATES 50 47 21.1 Quiet Enjoyment 50 47 21.2 Subordination 50 47 21.3 Attornment 51 48 21.4 Estoppel Certificates 51 48 ARTICLE 22: CONTINGENT PAYMENTS REPRESENTATIONS AND WARRANTIES 49 22.1 Organization and Good Standing 49 22.2 Power and Authority 49 22.3 Enforceability 49 22.4 Government Authorizations 49 22.5 Financial Statements 49 22.6 Condition of Facility 50 22.7 Compliance with Laws 50 22.8 No Litigation 50 22.9 Consents 50 22.10 No Violation 51 22.11 Reports and Statements 51 22.12 ERISA 51 22.13 Chief Executive Office 51 22.14 Other Name or Entities 51 22.15 Parties in Possession 51 22.16 Access 52 22.1 Contingent Payments 22.17 Utilities 52 22.2 Contingent Payments for Capital Expenditures 22.18 Condemnation and Assessments 52 22.2.1 Conditions 22.19 Zoning 52 22.2.2 22.20 Pro Forma Statement 52 22.21 Environmental Matters 52 22.22 Leases and Contracts 53 22.23 No Commitment 52 22.3 Contingent Payments for Project Improvements 52 22.3.1 Conditions 52 22.3.2 Contingent Payments for the San Antonio Facility 52 22.4 Contingent Payments for Development Projects 52 22.4.1 Conditions 52 22.4.2 Contingent Payments for the Waukesha Facility Default 53 SECTION PAGE 22.24 Tax Status 53 ARTICLE 23: RESERVED 53 ARTICLE 24: MISCELLANEOUS SECURITY INTEREST 53 24.1 Notices Collateral 53 24.2 Additional Documents 54 24.3 Notice of Sale 54 24.4 Recharacterization 55 24.5 Subordination 55 ARTICLE 25: MISCELLANEOUS 55 25.1 Notices 55 25.2 Advertisement of Leased Property 53 24.3 55 25.3 Entire Agreement 53 24.4 55 25.4 Severability 53 24.5 55 25.5 Captions and Headings 53 24.6 56 25.6 Governing Law 53 24.7 56 25.7 Memorandum of Lease 54 24.8 56 25.8 Waiver 54 24.9 56 25.9 Binding Effect 54 24.10 56 25.10 No Offer 54 24.11 56 25.11 Modification 54 24.12 56 25.12 Landlord’s 's Modification 54 24.13 57 25.13 No Merger 55 24.14 57 25.14 Laches 55 24.15 57 25.15 Limitation on Tenant’s 's Recourse 55 24.16 57 25.16 Construction of Lease 55 24.17 57 25.17 Counterparts 55 24.18 Landlord’s Consent 55 24.19 57 25.18 Custody of Escrow Funds 55 24.20 57 25.19 Landlord’s 's Status as a REIT 55 24.21 57 25.20 Exhibits 55 24.22 58 25.21 WAIVER OF JURY TRIAL 55 24.23 58 25.22 CONSENT TO JURISDICTION 56 24.24 58 25.23 Attorney’s 's Fees and Expenses 56 24.25 58 25.24 Survival 57 24.26 59 25.25 Time 57 24.27 Subtenant 57 24.28 Recharacterization 57 59 SCHEDULE 1: INITIAL RENT SCHEDULE EXHIBIT A: LEGAL DESCRIPTIONS EXHIBIT B: PERMITTED EXCEPTIONS EXHIBIT C: FACILITY INFORMATION EXHIBIT D: NOT SUBMITTED LANDLORD'S PERSONAL PROPERTY EXHIBIT E: DOCUMENTS TO BE DELIVERED EXHIBIT F: TENANT'S CERTIFICATE AND FACILITY FINANCIAL CERTIFICATION REPORTS EXHIBIT G: ANNUAL QUALIFIED IMPROVEMENTS CERTIFICATE GOVERNMENT AUTHORIZATIONS TO BE OBTAINED; ZONING PERMITS EXHIBIT H: CONTINGENT PAYMENT REQUESTPENDING LITIGATION EXHIBIT I: LIST OF LEASES AND CONTRACTS EXHIBIT J: WIRE TRANSFER INSTRUCTIONS EXHIBIT K: BASE PRICE LEASE AGREEMENT

Appears in 1 contract

Samples: Lease Agreement (Emeritus Corp\wa\)

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Use and Acceptance of Premises. 24 25 6.1 Use of Leased Property 24 25 6.2 Acceptance of Leased Property 25 6.3 Conditions of Use and Occupancy 25 ARTICLE 7: MAINTENANCE AND MECHANICS’ LIENS 25 26 7.1 Maintenance 25 26 7.2 Required Alterations 26 7.3 Mechanic’s Liens 26 27 7.4 Replacements of Fixtures and Landlord’s Personal Property 26 27 ARTICLE 8: DEFAULTS AND REMEDIES 27 28 8.1 Events of Default 27 28 8.2 Remedies 29 8.3 Right of Setoff 31 32 8.4 Performance of Tenant’s Covenants 31 32 8.5 Late Payment Charge 31 32 8.6 Default Rent 32 8.7 Attorneys’ Fees 32 8.8 Reserved 32 8.9 Remedies Cumulative 32 33 8.10 Waivers 32 33 8.11 Obligations Under the Bankruptcy Code 32 33 ARTICLE 9: DAMAGE AND DESTRUCTION 33 9.1 Notice of Casualty 33 9.2 Substantial Destruction 33 34 9.3 Partial Destruction 34 9.4 Restoration 34 9.5 Insufficient Proceeds 35 9.6 Not Trust Funds 35 9.7 Landlord’s Inspection 35 9.8 Landlord’s Costs 35 36 9.9 No Rent Abatement 35 36 SECTION PAGE ARTICLE 10: CONDEMNATION 36 10.1 Total Taking 36 10.2 Partial Taking 36 10.3 Condemnation Proceeds Not Trust Funds 36 37 ARTICLE 11: TENANT’S PROPERTY 37 11.1 Tenant’s Property 37 11.2 Requirements for Tenant’s Property 37 ARTICLE 12: RENEWAL OPTIONS 38 12.1 Renewal Options 38 12.2 Effect of Renewal 38 39 ARTICLE 13: RESERVED 39 ARTICLE 14: NEGATIVE COVENANTS 39 14.1 No Debt 39 14.2 No Liens 39 40 14.3 No Guaranties 39 40 14.4 No Transfer 39 40 14.5 No Dissolution 39 40 14.6 No Change in Operation 40 14.7 No Investments 40 14.8 Contracts 40 14.9 Reserved 40 14.10 Change of Location or Name 40 41 ARTICLE 15: AFFIRMATIVE COVENANTS 40 41 15.1 Perform Obligations 40 41 15.2 Proceedings to Enjoin or Prevent Construction 40 41 15.3 Documents and Information 41 15.3.1 Furnish Documents 41 15.3.2 Furnish Information 41 15.3.3 Further Assurances and Information 41 42 15.3.4 Material Communications 41 42 15.3.5 Requirements for Financial Statements 42 15.4 Compliance With Laws 42 15.5 Broker’s Commission 42 43 15.6 Existence and Change in Ownership 42 43 15.7 Financial Covenants 42 43 15.7.1 Definitions 43 15.7.2 Coverage Ratio 43 15.7.3 Net Worth 43 44 15.7.4 Current Ratio 43 44 15.8 Facility Licensure and Certification 43 44 15.9 Transfer of License and Facility Operations 43 44 15.9.1 Licensure and Tenant’s Property 44 SECTION PAGE 15.9.2 Facility Operations 44 45 15.10 Bed Operating Rights 45 15.11 Power of Attorney 45 15.12 Project Submissions 45 46 ARTICLE 16: ALTERATIONS, CAPITAL IMPROVEMENTS, AND SIGNS 46 16.1 Prohibition on Alterations and Improvements 46 16.2 Approval of Alterations 46 16.3 Permitted Alterations 46 16.4 Requirements for Permitted Alterations 46 47 16.5 Ownership and Removal of Permitted Alterations 47 48 16.6 Signs 47 48 ARTICLE 17: RESERVED 47 48 ARTICLE 18: ASSIGNMENT AND SALE OF LEASED PROPERTY 47 48 18.1 Prohibition on Assignment and Subletting 47 48 18.2 Requests for Landlord’s Consent to Assignment, Sublease or Management Agreement 48 18.3 Sale of Leased Property 49 18.4 Assignment by Landlord 49 ARTICLE 19: HOLDOVER AND SURRENDER 49 50 19.1 Holding Over 49 50 19.2 Surrender 50 19.3 Indemnity 50 ARTICLE 20: RESERVED 50 51 ARTICLE 21: QUIET ENJOYMENT, SUBORDINATION, ATTORNMENT AND ESTOPPEL CERTIFICATES 50 51 21.1 Quiet Enjoyment 50 51 21.2 Subordination 50 51 21.3 Attornment 51 21.4 Estoppel Certificates 51 52 ARTICLE 22: CONTINGENT PAYMENTS 52 22.1 Contingent Payments 52 22.2 Contingent Payments for Capital Expenditures 52 53 22.2.1 Conditions 52 53 22.2.2 No Commitment 52 53 22.3 Contingent Payments for Project Improvements 52 53 22.3.1 Conditions 52 53 22.3.2 Contingent Payments for the San Antonio Facility 52 53 22.4 Contingent Payments for Development Projects 52 53 22.4.1 Conditions 52 53 22.4.2 Contingent Payments for the Waukesha Facility 53 SECTION PAGE ARTICLE 23: RESERVED 53 54 ARTICLE 24: MISCELLANEOUS 53 54 24.1 Notices 53 54 24.2 Advertisement of Leased Property 53 54 24.3 Entire Agreement 53 54 24.4 Severability 53 54 24.5 Captions and Headings 53 54 24.6 Governing Law 53 54 24.7 Memorandum of Lease 54 24.8 Waiver 54 55 24.9 Binding Effect 54 55 24.10 No Offer 54 55 24.11 Modification 54 55 24.12 Landlord’s Modification 54 55 24.13 No Merger 55 24.14 Laches 55 56 24.15 Limitation on Tenant’s Recourse 55 56 24.16 Construction of Lease 55 56 24.17 Counterparts 55 56 24.18 Landlord’s Consent 55 56 24.19 Custody of Escrow Funds 55 56 24.20 Landlord’s Status as a REIT 55 56 24.21 Exhibits 55 56 24.22 WAIVER OF JURY TRIAL 55 56 24.23 CONSENT TO JURISDICTION 56 57 24.24 Attorney’s Fees and Expenses 56 57 24.25 Survival 57 58 24.26 Time 57 58 24.27 Subtenant 57 58 24.28 Recharacterization 57 58 SCHEDULE 1: INITIAL RENT SCHEDULE EXHIBIT A: LEGAL DESCRIPTIONS EXHIBIT B: PERMITTED EXCEPTIONS EXHIBIT C: FACILITY INFORMATION EXHIBIT D: NOT SUBMITTED WIRE TRANSFER INSTRUCTIONS EXHIBIT E: DOCUMENTS TO BE DELIVERED EXHIBIT F: FINANCIAL CERTIFICATION EXHIBIT G: ANNUAL QUALIFIED IMPROVEMENTS CERTIFICATE EXHIBIT H: CONTINGENT PAYMENT REQUESTREQUEST EXHIBIT I: BLENDED RENT ADJUSTMENT DATE EXAMPLE

Appears in 1 contract

Samples: Master Lease Agreement (LifeCare Holdings, Inc.)

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