Common use of Tenant’s Property Clause in Contracts

Tenant’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Tenant’s Personal Property shall be paid to Tenant and, to the extent necessary to repair or replace Tenant’s Personal Property in accordance with Section 10.5, Tenant shall hold such proceeds in trust to pay the cost of repairing or replacing damaged Tenant’s Personal Property.

Appears in 30 contracts

Sources: Master Lease Agreement (Five Star Quality Care Inc), Lease Agreement (Five Star Quality Care Inc), Lease Agreement (Five Star Quality Care Inc)

Tenant’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Tenant’s 's Personal Property shall be paid to Tenant and, to the extent necessary to repair or replace Tenant’s 's Personal Property in accordance with Section 10.5, Tenant shall hold such proceeds in trust to pay the cost of repairing or replacing damaged Tenant’s 's Personal Property.

Appears in 23 contracts

Sources: Lease Agreement (Hospitality Properties Trust), Lease Agreement (Hospitality Properties Trust), Lease Agreement (Hospitality Properties Trust)

Tenant’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Tenant’s 's Personal Property shall be paid solely to Tenant Landlord and, to the extent necessary to repair or replace Tenant’s 's Personal Property in accordance with Section 10.510.3, Tenant Landlord shall hold such proceeds in trust to pay the cost of repairing or replacing damaged Tenant’s 's Personal Property. If after paying the costs associated with replacing and repairing Tenant's Personal Property in accordance with Section 10.3 any insurance proceeds remain, Landlord shall pay such remaining proceeds to Tenant.

Appears in 19 contracts

Sources: Lease Agreement (CNL Retirement Properties Inc), Lease Agreement (CNL Retirement Properties Inc), Lease Agreement (CNL Retirement Properties Inc)

Tenant’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Tenant’s 's Personal Property shall be paid solely to Tenant and, to the extent necessary to repair or replace Tenant’s 's Personal Property in accordance with Section 10.5, Tenant shall hold such proceeds in trust to pay the cost of repairing or replacing damaged Tenant’s 's Personal Property.

Appears in 15 contracts

Sources: Lease Agreement (CNL Hospitality Properties Inc), Lease Agreement (CNL Health Care Properties Inc), Lease Agreement (CNL Hospitality Properties Inc)

Tenant’s Property. All insurance proceeds payable by reason of any loss of or damage to any of the Tenant’s Personal Property or Permitted Alterations financed by Tenant shall be paid to Tenant and, to the extent necessary to repair or replace Tenant’s Personal Property in accordance with Section 10.5, and Tenant shall hold such insurance proceeds in trust to pay the cost of repairing or replacing damaged Tenant’s Personal PropertyProperty or Permitted Alterations financed by Tenant.

Appears in 12 contracts

Sources: Master Lease Agreement (Kindred Healthcare, Inc), Master Lease Agreement (Kindred Healthcare, Inc), Master Lease Agreement (Kindred Healthcare, Inc)

Tenant’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Tenant’s 's Personal Property or Tenant's Capital Additions shall be paid to Tenant and, to the extent necessary to repair or replace Tenant’s 's Capital Additions or Tenant's Personal Property in accordance with Section 10.5, Tenant shall hold such proceeds in trust to pay the cost of repairing or replacing damaged Tenant’s 's Personal PropertyProperty or Tenant's Capital Additions.

Appears in 4 contracts

Sources: Master Lease Agreement (Senior Housing Properties Trust), Master Lease Agreement (Senior Housing Properties Trust), Master Lease Agreement (Brookdale Living Communities Inc)

Tenant’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Tenant’s 's Personal Property shall be paid to Tenant Tenant, and, to the extent necessary to repair or replace Tenant’s 's Personal Property in accordance with Section 10.510.4, Tenant shall hold such proceeds in trust to pay the cost of repairing or replacing damaged Tenant’s 's Personal Property.

Appears in 4 contracts

Sources: Master Lease Agreement (Magellan Health Services Inc), Master Lease Agreement (Magellan Health Services Inc), Master Lease Agreement (Crescent Real Estate Equities Co)

Tenant’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Tenant’s 's Personal Property or Capital Additions financed by Tenant shall be paid to Tenant and, to the extent necessary to repair or replace Tenant’s Personal Property in accordance with Section 10.5, and Tenant shall hold such proceeds in trust to pay the cost of repairing or replacing damaged Tenant’s 's Personal PropertyProperty or Capital Additions paid for or financed by Tenant.

Appears in 4 contracts

Sources: Lease Agreement (Senior Housing Properties Trust), Lease Agreement (Senior Housing Properties Trust), Settlement Agreement (Senior Housing Properties Trust)

Tenant’s Property. All insurance proceeds payable by reason of any ----------------- loss of or damage to any of Tenant’s 's Personal Property shall be paid to Tenant and, to the extent necessary to repair or replace Tenant’s 's Personal Property in accordance with Section 10.5, Tenant shall hold such proceeds in trust to pay ------------ the cost of repairing or replacing damaged Tenant’s 's Personal Property.

Appears in 3 contracts

Sources: Lease Agreement (Hospitality Properties Trust), Lease Agreement (Homestead Village Inc), Lease Agreement (Crestline Capital Corp)

Tenant’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Tenant’s Personal Property shall be paid solely to Tenant and, to the extent necessary to repair or replace Tenant’s Personal Property in accordance with Section 10.510.4, Tenant shall hold such proceeds in trust to pay the cost of repairing or replacing damaged Tenant’s Personal Property.

Appears in 2 contracts

Sources: Master Lease (CNL Income Properties Inc), Master Lease (CNL Income Properties Inc)

Tenant’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Tenant’s Personal Property shall be paid solely to Tenant and, to the extent necessary to repair or replace Tenant’s Personal Property in accordance with Section 10.5, Tenant shall hold such proceeds in trust to pay the cost of repairing or replacing damaged Tenant’s Personal Property.

Appears in 1 contract

Sources: Lease Agreement (CNL Lifestyle Properties Inc)

Tenant’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Tenant’s 's Personal Property shall be paid to Tenant and, to the extent necessary to repair or replace Tenant’s 's Personal Property in accordance with Section 10.5, Tenant shall hold such proceeds in trust to pay the cost of repairing or replacing damaged Tenant’s 's Personal Property.

Appears in 1 contract

Sources: Lease Agreement (Lasalle Hotel Properties)

Tenant’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Tenant’s 's Personal Property shall be paid to Tenant and, to the extent necessary to repair or replace Tenant’s 's Personal Property in accordance with Section 10.5, Tenant shall hold such proceeds in trust to pay the cost of repairing or replacing damaged Tenant’s 's Personal Property.. -42- 10.5

Appears in 1 contract

Sources: Lease Agreement (Alterra Healthcare Corp)

Tenant’s Property. All insurance proceeds payable by reason of ---- ----------------- any loss of or damage to any of Tenant’s 's Personal Property shall be paid to Tenant and, to the extent necessary to repair or replace Tenant’s 's Personal Property in accordance with Section 10.5, Tenant shall hold such proceeds in trust to pay ------------ the cost of repairing or replacing damaged Tenant’s 's Personal Property.

Appears in 1 contract

Sources: Lease Agreement (Lasalle Hotel Properties)

Tenant’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Tenant’s 's Personal Property shall be paid to Tenant and, to the extent necessary to repair or replace Tenant’s Personal Property in accordance with Section 10.5, Tenant shall hold such proceeds in trust to pay the cost of repairing or replacing damaged Tenant’s Personal Property.

Appears in 1 contract

Sources: Lease Agreement (Magnetek Inc)

Tenant’s Property. All insurance proceeds payable by reason of ----------------- any loss of or damage to any of Tenant’s 's Personal Property shall be paid to Tenant and, to the extent necessary to repair or replace Tenant’s 's Personal Property in accordance with Section 10.5, Tenant shall hold such proceeds in ------------ trust to pay the cost of repairing or replacing damaged Tenant’s 's Personal Property.

Appears in 1 contract

Sources: Lease Agreement (Hospitality Properties Trust)

Tenant’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Tenant’s 's Personal Property or Tenant's Capital Additions shall be paid to Tenant and, to the extent necessary to repair or replace Tenant’s 's Capital Additions or Tenant's Personal Property in accordance with Section 10.510.2.1, Tenant shall hold such proceeds in trust to pay the cost of repairing or replacing damaged Tenant’s 's Personal PropertyProperty or Tenant's Capital Additions.

Appears in 1 contract

Sources: Master Lease Agreement (Senior Housing Properties Trust)

Tenant’s Property. All insurance proceeds payable by reason of any loss of or damage to any of Tenant’s Personal Property shall be paid to Tenant and, to the extent necessary to repair or replace Tenant’s Personal Property in accordance with Section 10.5, Tenant shall hold such proceeds in trust to pay the cost of repairing or replacing damaged Tenant’s Personal Property.

Appears in 1 contract

Sources: Lease Agreement (Life Time Fitness Inc)