Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement during the existence or continuance of any Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Event of Default) shall be applied to Tenant's current and past due obligations under this Agreement in such order as Landlord may determine or as may be prescribed by the laws of the State.
Appears in 59 contracts
Samples: Lease Agreement (CNL Hospitality Properties Inc), Lease Agreement (CNL Retirement Properties Inc), Stock Purchase Agreement (Hospitality Properties Trust)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement during the existence or continuance of any Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Event of Default) shall be applied to Tenant's ’s current and past due obligations under this Agreement in such order as Landlord may determine or as may be prescribed by the laws of the State. Any balance shall be paid to Tenant.
Appears in 48 contracts
Samples: Master Lease Agreement (Five Star Quality Care Inc), Lease Agreement (Senior Housing Properties Trust), Lease Agreement (Travelcenters of America LLC)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement Master Lease during the existence or continuance of any Event of Default (and any payment which are made to Landlord rather than Tenant due to the existence of any an Event of Default) Default shall be applied to Tenant's current and past due ’s obligations under this Agreement in such the order as which Landlord may reasonably determine or as may be prescribed by the laws of the State.
Appears in 26 contracts
Samples: Master Lease (Windstream Services, LLC), Master Lease (Caesars Entertainment, Inc.), Master Lease (SHG Services, Inc.)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement during the existence or continuance of any Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Event of Default) shall be applied to Tenant's current and past due obligations under this Agreement in such order as Landlord may determine or as may be prescribed by the laws of the State. Any balance shall be paid to Tenant.
Appears in 21 contracts
Samples: Lease Agreement (Service Properties Trust), Lease Agreement (Five Star Quality Care Inc), Lease Agreement (Sholodge Inc)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement Lease during the existence or continuance of any Tenant Event of Default (and any payment which are made to Landlord rather than Tenant due to the existence of any a Tenant Event of Default) Default shall be applied to Tenant's current and past due ’s obligations under this Agreement in such the order as which Landlord may reasonably determine or as may be prescribed by the laws of the Stateapplicable Legal Requirements.
Appears in 16 contracts
Samples: Purchase and Sale Agreement (Vici Properties Inc.), Parking Agreement and Grant of Reciprocal Easements and Declaration of Covenants (CAESARS ENTERTAINMENT Corp), And Attornment Agreement (Caesars Entertainment, Inc.)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement Lease during the existence or continuance of any Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Event of Default) shall be applied to Tenant's ’s current and past due obligations under this Agreement Lease in such order as Landlord may determine or as may be prescribed required by the laws of the StateApplicable Laws.
Appears in 10 contracts
Samples: Lease Agreement (ESH Hospitality, Inc.), Lease Agreement (ESH Hospitality, Inc.), Lease Agreement (Extended Stay America, Inc.)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement Lease during the existence or continuance of any Event of Default (and any such payment is made to Landlord rather than Tenant due to the existence of any an Event of Default) shall be applied to Tenant's current and past due ’s obligations under this Agreement in such the order as which Landlord may determine or as may be prescribed by the laws of the StateState where the applicable Leased Property is located.
Appears in 5 contracts
Samples: Disturbance and Attornment Agreement (Toys R Us Property Co II, LLC), Master Lease Agreement (Toys R Us Property Co II, LLC), Master Lease Agreement (Cheeseburger-Ohio, Limited Partnership)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement Lease during the existence or continuance of any Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Event of Default) shall be applied to Tenant's current and past due obligations under this Agreement Lease in such order as Landlord may determine or as may be prescribed by the laws of the State.
Appears in 5 contracts
Samples: Lease Agreement (HMC Merger Corp), Lease Agreement (Host Marriott Corp/), Lease Agreement (Crestline Capital Corp)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement Lease during the existence or continuance of any Event of Default (and any payment that are made to Landlord rather than Tenant due to the existence of any an Event of DefaultDefault (including all rentals received as a result of any reletting) shall be applied to Tenant's current and past due ’s obligations under this Agreement in such the order as which Landlord may determine or as may be prescribed by the laws of the StateState in which the Premises are located.
Appears in 5 contracts
Samples: Lease (Global Medical REIT Inc.), Lease (Global Medical REIT Inc.), Lease (First Choice Healthcare Solutions, Inc.)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement Master Lease during the existence or continuance of any Event of Default (and any payment which are made to Landlord rather than Tenant due to the existence of any an Event of Default) Default shall be applied to Tenant's current and past due ’s obligations under this Agreement in such the order as which Landlord may reasonably determine or as may be prescribed by the laws of the StateState in which the Property is located.
Appears in 4 contracts
Samples: Master Lease (Seritage Growth Properties), Master Lease (Sears Holdings Corp), Master Lease (Seritage Growth Properties)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement Lease during the existence or continuance of any Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any an Event of Default) shall be applied to Tenant's current and past due obligations under this Agreement in such order as Landlord may determine or as may be prescribed by the laws of the State.
Appears in 4 contracts
Samples: Lease Agreement (Senior Housing Properties Trust), Lease Agreement (Senior Housing Properties Trust), Lease Agreement (Senior Housing Properties Trust)
Application of Funds. Any payments received by Landlord under -------------------- any of the provisions of this Agreement Lease during the existence or continuance of any Event of Default (and any such payment is made to Landlord rather than Tenant due to the existence of any an Event of Default) shall be applied to Tenant's current and past due obligations under this Agreement in such the order as which Landlord may determine or as may be prescribed by the laws of the State.
Appears in 3 contracts
Samples: Lease (National Golf Properties Inc), Executive Original (National Golf Properties Inc), National Golf Properties Inc
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement Lease during the existence or continuance of any Event of Default (and any such payment is made to Landlord rather than Tenant due to the existence of any an Event of Default) shall be applied to Tenant's current and past due obligations under this Agreement in such the order as which Landlord may determine or as may be prescribed by the laws of the StateState in which the Leased Property is located.
Appears in 3 contracts
Samples: Sublease Agreement (Eldertrust), Master Agreement (Eldertrust), Lease Agreement (Eldertrust)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement Lease during the existence or continuance of any Event of Default (and any payment which are made to Landlord rather than Tenant due to the existence of any an Event of Default) Default shall be applied to Tenant's current and past due ’s obligations under this Agreement in such the order as which Landlord may reasonably determine or as may be prescribed by the laws of the State.
Appears in 3 contracts
Samples: Purchase Agreement (MGM Resorts International), Master Lease (MGM Growth Properties Operating Partnership LP), Lease (Penn National Gaming Inc)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement Lease during the existence or continuance of any Event of Default (and any such payment is made to Landlord rather than Tenant due to the existence of any an Event of Default) shall be applied to Tenant's current and past due obligations under this Agreement in such the order as which Landlord may determine or as may be prescribed by the laws of the StateState where the applicable Leased Property is located.
Appears in 3 contracts
Samples: Master Lease Agreement (Vornado Operating Co), Master Lease Agreement (Vornado Operating Co), Master Lease Agreement (Vornado Operating Co)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement Lease during the existence or continuance of any Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Event of Default) shall be applied to Tenant's ’s current and past due obligations under this Agreement Lease in such order as Landlord may determine or as may be prescribed by the laws of the StateState in which the Leased Property is located.
Appears in 3 contracts
Samples: Lease Agreement (CNL Healthcare Trust, Inc.), Lease Agreement (CNL Healthcare Properties, Inc.), Lease Agreement (CNL Healthcare Trust, Inc.)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement during the existence or continuance of any Default or Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Default or Event of Default) shall be applied to Tenant's current and past due obligations under this Agreement in such order as Landlord may determine or as may be prescribed by the laws of the State.
Appears in 3 contracts
Samples: Master Lease Agreement (Crescent Real Estate Equities Co), Master Lease Agreement (Magellan Health Services Inc), Master Lease Agreement (Crescent Real Estate Equities Inc)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement during the existence or continuance of any Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Event of Default) shall be applied to Tenant's current and past due obligations under this Agreement in such order as Landlord may determine or as may be prescribed by the laws of the relevant State.
Appears in 2 contracts
Samples: Master Lease Agreement (Hospitality Properties Trust), Master Lease Agreement (Hospitality Properties Trust)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement Lease during the existence or continuance of any Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Event of Default) shall be applied to Tenant's current and past due ’s obligations under this Agreement in such the order as which Landlord may determine or as may be prescribed by the laws of the Statelaw.
Appears in 2 contracts
Samples: Master Lease (Diversicare Healthcare Services, Inc.), Master Lease (Diversicare Healthcare Services, Inc.)
Application of Funds. Any payments received by Landlord under any -------------------- of the provisions of this Agreement Lease during the existence or continuance of any Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Event of Default) shall be applied to Tenant's current and past due obligations under this Agreement in such the order as that Landlord may determine or as may be prescribed by the laws of the State.
Appears in 2 contracts
Samples: Lease Agreement (Hudson Hotels Trust), Lease Agreement (Hudson Hotels Trust)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement during the existence or continuance of any Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Event of Default) shall be applied to Tenant's current and past due obligations under this Agreement in such order as Landlord may determine or as may be prescribed required by the laws of the Stateapplicable law.
Appears in 2 contracts
Samples: Master Lease Agreement (Brookdale Living Communities Inc), Master Lease Agreement (Senior Housing Properties Trust)
Application of Funds. Any payments received by Landlord under any of -------------------- the provisions of this Agreement during the existence or continuance of any Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Event of Default) shall be applied to Tenant's current and past due obligations under this Agreement in such order as Landlord may determine or as may be prescribed by the laws of the State.
Appears in 2 contracts
Samples: Lease Agreement (Hospitality Properties Trust), Lease Agreement (Crestline Capital Corp)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement Lease during the existence or continuance of any Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Event of Default) shall be applied to Tenant's ’s current and past due obligations under Section 12.1(a) of this Agreement Lease, and any remaining sums in such order as Landlord may determine or as may be prescribed by the laws of the State.
Appears in 2 contracts
Samples: Master Lease (CNL Income Properties Inc), Master Lease (CNL Income Properties Inc)
Application of Funds. Any All payments otherwise payable to Tenant which are received by Landlord under any of the provisions of this Agreement Lease during the existence or continuance of any Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Event of Default) shall be applied to Tenant's current and past due ’s obligations under this Agreement in such the order as which Landlord may reasonably determine or as may be prescribed by the laws of the Statestate in which the Premises are located.
Appears in 2 contracts
Samples: Lease Agreement (Cornerstone Healthcare Plus Reit, Inc.), Lease Agreement (Cornerstone Healthcare Plus Reit, Inc.)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement Lease during the existence or continuance of any Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Event of Default) shall be applied to Tenant's ’s current and past due obligations under this Agreement Lease in such order as Landlord may determine or as may be prescribed by the laws of the State.
Appears in 2 contracts
Samples: Lease Agreement (CNL Lifestyle Properties Inc), Lease Agreement (CNL Lifestyle Properties Inc)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement Lease during the existence or continuance of any Event of Default (and any such payment is made to Landlord rather than Tenant due to the existence of any an Event of Default) shall be applied to Tenant's current and past due obligations under this Agreement in such the order as which Landlord may determine or as may be prescribed by the laws of the Statestate in which the Leased Property is located.
Appears in 1 contract
Samples: Lease Agreement (Eldertrust)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement during the existence or continuance of any Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Event of Default) shall be applied to Tenant's current and past due obligations under this Agreement in such order as Landlord may determine or as may be prescribed by the laws of the any applicable State.
Appears in 1 contract
Samples: Master Lease Agreement (Hospitality Properties Trust)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement during the existence or continuance of any Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Event of Default) shall be applied to Tenant's ’s current and past due obligations under this Agreement in such order as Landlord may determine or determine, except as may be prescribed otherwise required by the laws of the Stateapplicable Facility States.
Appears in 1 contract
Samples: Master Lease Agreement (Care Investment Trust Inc.)
Application of Funds. Any payments received by Tenant from or on behalf of Landlord under any of the provisions of this Agreement during the existence or continuance of any Event of Default (and any payment made to by Landlord rather than Tenant due to the existence of any Event of Default) shall be applied to Tenant's Landlord’s current and past due obligations under this Agreement in such order as Landlord Tenant may determine or as may be prescribed by the laws of the State, subject, however, in all events to the terms and provisions of any First Mortgage Loan Documents.
Appears in 1 contract
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement during the existence or continuance of any Event of Default by Tenant (and any payment made to Landlord rather than Tenant due to the existence of any Event of DefaultDefault by Tenant) shall be applied to Tenant's ’s current and past due obligations under this Agreement in such order as Landlord may determine or as may be prescribed by the laws of the State.
Appears in 1 contract
Application of Funds. Any payments received by Landlord under any of -------------------- the provisions of this Agreement during the existence or continuance of any Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Event of Default) shall be applied to Tenant's current and past due obligations under this Agreement in such order as Landlord may determine or as may be prescribed by the laws of the State. Any balance shall be paid to Tenant.
Appears in 1 contract
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement Master Lease during the existence or continuance of any Event of Default (and any payment which are made to Landlord rather than Tenant due to the existence of any an Event of Default) Default shall be applied to Tenant's current and past due ’s obligations under this Agreement in such the order as which Landlord may reasonably determine or as may be prescribed by the laws of the State.. ARTICLE XVII 17.1
Appears in 1 contract
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement the applicable Lease during the existence or continuance of any Default or Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Default or Event of Default) shall be applied to Tenant's current and past due obligations under this Agreement the applicable Lease and under the other Transaction Documents, in such order as Landlord may determine or as may be prescribed by the laws of the State.
Appears in 1 contract
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement during the existence or continuance of any Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Event of Default) shall be applied to Tenant's ’s current and past due obligations under this Agreement in such order as Landlord may determine or as may be prescribed required by the laws of the StateApplicable Laws.
Appears in 1 contract
Samples: Lease and Operating Agreement (Nevada Property 1 LLC)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement Master Lease during the existence or continuance of any Event of Default (and any payment which are made to Landlord rather than Tenant due to the existence of any an Event of Default) Default shall be applied apply to Tenant's current and past due ’s obligations under this Agreement in such any order as reasonably determined by Landlord may determine or as may be prescribed otherwise required by the laws of the StateLegal Requirements.
Appears in 1 contract
Samples: Master Lease
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement Lease during the existence or continuance of any Event of Default (if and any such payment is made to Landlord rather than Tenant due to the existence of any an Event of Default) shall be applied to Tenant's current and past due obligations under this Agreement in such the order as that Landlord may determine or as may be prescribed by the laws of the Statedetermine.
Appears in 1 contract
Samples: Master Lease Agreement (Ventas Inc)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement the applicable Lease during the existence or continuance of any Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any an Event of Default) shall be applied to Tenant's current and past due obligations under this Agreement the applicable Lease and under the other Transaction Documents in such order as Landlord may determine or as may be prescribed by the laws of the State.
Appears in 1 contract
Samples: Master Lease Document (Senior Housing Properties Trust)
Application of Funds. Any payments received by Landlord under ---- -------------------- any of the provisions of this Agreement during the existence or continuance of any Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Event of Default) shall be applied to Tenant's current and past due obligations under this Agreement in such order as Landlord may determine or as may be prescribed by the laws of the State.
Appears in 1 contract
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement during the existence or continuance of any Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Event of Default) shall be applied to Tenant's current and past due obligations under this Agreement in such order as Landlord may determine or as may be prescribed by the laws of the State.. Any balance shall be paid to Tenant. 12.5
Appears in 1 contract
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement the applicable Lease during the existence or continuance of any Default or Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Default or Event of Default) shall be applied to Tenant's current and past due the Tenants' obligations under this Agreement the applicable Lease and under the other Transaction Documents in such order as Landlord may determine or as may be prescribed by the laws of the State.
Appears in 1 contract
Samples: Senior Housing Properties Trust
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement during the existence or continuance of any Default or Event of Default (and any payment made to Landlord rather than Tenant due to the existence of o any Default or Event of Default) shall be applied to Tenant's current and past due obligations under this Agreement in such order as Landlord may determine or as may be prescribed by the laws of the State.
Appears in 1 contract
Samples: Master Lease Agreement (Magellan Health Services Inc)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement Lease during the existence or continuance of any Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Event of Default) shall be applied to Tenant's ’s current and past due obligations under this Agreement Lease in such order as Landlord may determine or as may be prescribed by the laws of the StateState where the Leased Property is located.
Appears in 1 contract
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement Lease during the existence or continuance of any Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Event of Default) shall be applied to Tenant's ’s current and past due obligations under this Agreement Lease in such order as Landlord may determine or as may be prescribed by the laws of the StateProvince.
Appears in 1 contract
Application of Funds. Any payments received by Landlord under -------------------- any of the provisions of this Agreement during the existence or continuance of any Event of Default (and any payment made to Landlord rather than Tenant due to the existence of any Event of Default) shall be applied to Tenant's current and past due obligations under this Agreement in such order as Landlord may determine or as may be prescribed by the laws of the State.
Appears in 1 contract
Application of Funds. Any payments received by Landlord under any -------------- ----- of the provisions of this Agreement Lease during the existence or continuance of any Event of Default (and any such payment is made to Landlord rather than Tenant due to the existence of any an Event of Default) shall be applied to Tenant's current and past due obligations under this Agreement in such the order as which Landlord may determine or as may be prescribed by the laws of the State.
Appears in 1 contract
Samples: Lease (National Golf Properties Inc)
Application of Funds. Any payments received by Landlord under any of the provisions of this Agreement Master Lease during the existence or continuance of any Event of Default (and any payment which are made to Landlord rather than Tenant due to the existence of any an Event of Default) Default shall be applied to Tenant's current and past due obligations under this Agreement in such the order as which Landlord may reasonably determine or as may be prescribed by the laws of the State.
Appears in 1 contract
Samples: Master Lease
