Rent Insurance Proceeds definition

Rent Insurance Proceeds. As defined in Section 13.8.

Rent Insurance Proceeds. As defined in Section 13.8. RESIDENCE AGREEMENT: All contracts, agreements and consents executed by or on behalf of any resident or other Person seeking services at the Facility, including, without limitation, assignments of benefits and guarantees. RETAINAGE: As defined in Section 13.1.4. RIGHT OF FIRST REFUSAL: As defined in Section 18.3.1.

Rent Insurance Proceeds. As defined in Section 13.8. RESIDENCE AGREEMENTS: Collectively, all Subleases now or hereafter entered into by or on behalf of any Person allowing such Person to reside at the Facility.

Examples of Rent Insurance Proceeds in a sentence

• Lessor shall direct all proceeds of rent loss and/or business interruption insurance (collectively, "Rent Insurance Proceeds") to be paid to Lessee, provided no fact or circumstance exists which constitutes, or with notice, or passage of time, or both, would constitute, a Lease Default pertaining to the Facility or the Leased Property.

• Notwithstanding anything to the contrary contained herein, if at any time JPMorgan Chase Bank assigns all of its Revolving Credit Commitment and Revolving Credit Loans pursuant to Section 11.06(b), JPMorgan Chase Bank may, (i) upon thirty (30) days’ notice to the Company and the Lenders, resign as L/C Issuer and/or (ii) upon thirty (30) days’ notice to the Company, resign as Swing Line Lender.

• Lessor shall direct all proceeds ofrent loss and/or business interruption insurance (collectively, "Rent Insurance Proceeds") to be paid to Lessee, provided no fact or circumstance eists which constitutes, or with notice, or passage of time, or both, would constitute, a Lease Default pertaining to Facility or the Leased Property.

• Rent Insurance Proceeds ............................................38 13.

• Provided that no Loan Default then exists and no state of facts exists which, with the giving of notice or passage of time, or both, would constitute a Loan Default, then the Lender shall direct all rent loss and/or business interruption insurance proceeds (collectively the "Rent Insurance Proceeds") to be paid to Borrower.

• At its option, the Lender may waive any of the foregoing conditions to the payment of Rent Insurance Proceeds.

More Definitions of Rent Insurance Proceeds

Rent Insurance Proceeds. As defined in Section I3.8. Residenee Aareement: All contracts, agreements and consents etecuted by or on behalf of any resident or other Person seeking services at the Facility, including, without limitation, assionments ofbenefits and guarantees. l7 Third Partv Pavnrs: Collectively, Medicare, Medicaid, Blue Cross and/or Blue Shield, private insurers and any other Person which presently or in the future maintains Third Party Payor Programs: UCC: The Uniform Commercial Code as in effect from time to time in the State. United States Treasury Securities: The uninsured treasury securities issued by the United States Federal Reserve Bank. Unsuitable For Its Primarv Intended Use: As used anywhere in this Lease, the term "Unsuitable For Its Primary Intended Use" shall mean that, by reason of Casualty, or a partial or temporary Taking by Condemnation, in the good faithjudgment of Lessor, the Facility cannot be operated on a commercially practicable basis for the Primary Intended Use, taking into account, among other relevant factors, the number of usable units or beds affected by such Casualty or partial or temporary Taking. Unavoidable Delavs: Delays due to strikes, lockouts, inability to procure materials, power failure, acts of God, govemmental restrictions, enemy action, civil commotion, fire, unavoidable casualty or other causes beyond the control of the party responsible for performing an obligation hereunder, provided that lack of funds shall not be deemed a cause beyond the control ofeither party hereto. Larade Rennvatinns: Repair and refurbishina other than normal janitorial, cleaning and maintenance activities. Work: As defined in Section I 3.1.1. Work Certifieates: As defmed in Section 1 i.l.4. Working Capital Loan: As defined in Section 6.1.?. Working Capital Stock Pledge: As defined in Section 16.1 (h). 2.2

Rent Insurance Proceeds. As defined in Section 8.8.

Rent Insurance Proceeds. As defined in Section 13.8. Residence Agreement: All contracts, agreements and consents executed by or on behalf of any resident or other Person seeking services at the Facility, including, without limitation, assignments of benefits and guarantees. Retainage: As defined in Section 13.1.3. Security Agreement: The Security Agreement as ofeven date herewith between Lessee and Lessor. State: The state or commonwealth in which the Leased Property is located. Sublease: Collectively, all subleases, licenses, use agreements, concession agreements, tenancy at will agreements and other occupancy agreements of every kind and nature (but excluding any Residency Agreement), whether oral or in writing, now in existence or subsequently entered into by Lessee, encumbering or affecting the Leased Property. Sublessee: Any sublessee, licensee, concessionaire, tenant or other occupant under any of the Subleases. 18