Capital Addition Allowance definition
Examples of Capital Addition Allowance in a sentence
Tenant shall provide Landlord with such evidence of completion of the portion of the Landlord Capital Addition with respect to which the Capital Addition Allowance is requested, which shall be satisfactory to Landlord in its reasonable judgment.
ALS Holdings agrees that, in connection with any Mandatory Capital Addition Allowance, ALS Holdings shall, or shall cause the applicable Alterra Lessee to, provide PSLT-ALS Holdings or the applicable Provident Lessor with the information required to be provided pursuant to Paragraph 11(c) of the Property Leases relating to Landlord Capital Additions.
BLC Holdings agrees that, in connection with any Mandatory Capital Addition Allowance, BLC Holdings shall, or shall cause the applicable Brookdale Lessee to, provide PSLT-BLC Holdings or the applicable Provident Lessor with the information required to be provided pursuant to Paragraph 11(c) of the Property Leases relating to Landlord Capital Additions.
The provisions of Paragraph 11(d) of the Property Leases shall govern the disbursement of Mandatory Capital Addition Allowances, provided that PSLT-BLC Holdings shall have no obligation to make any Mandatory Capital Addition Allowance pursuant to this Paragraph 5(a) if, at the time of a disbursement of any Mandatory Capital Addition Allowance, an Event of Default shall have occurred and is continuing.
The provisions of Paragraph 11(d) of the Property Leases shall govern the disbursement of Mandatory Capital Addition Allowances, provided that PSLT-ALS Holdings shall have no obligation to make any Mandatory Capital Addition Allowance pursuant to this Paragraph 5(a), if at the time of a disbursement of any Mandatory Capital Addition Allowance, an Event of Default shall have occurred and is continuing.