Common use of Application of Funds Clause in Contracts

Application of Funds. Any payments received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s obligations in the order that Lessor may determine or as may be prescribed by the laws of the State.

Appears in 46 contracts

Samples: Hotel Lease Agreement (Apple REIT Nine, Inc.), Hotel Lease Agreement (Apple REIT Eight, Inc.), Hotel Lease Agreement (Apple Hospitality Two Inc)

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Application of Funds. Any payments received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s 's obligations in the order that Lessor may determine or as may be prescribed by the laws of the State.

Appears in 40 contracts

Samples: Account Agreement (Ashford Hospitality Trust Inc), Lease Agreement (Glenborough Realty Trust Inc), Revolving Credit Agreement (Sunstone Hotel Investors Inc)

Application of Funds. Any payments otherwise payable to the Lessee which are received by the Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Lease Default shall be applied to Lessee’s obligations the Lease Obligations in the order that which the Lessor may reasonably determine or as may be prescribed required by the laws of the State.

Appears in 13 contracts

Samples: Facility Lease Agreement (Alternative Living Services Inc), Facility Lease Agreement (Alternative Living Services Inc), Facility Lease Agreement (Alternative Living Services Inc)

Application of Funds. Any payments received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default (and such payment is made to Lessor rather than Tenant due to the existence of an Event of Default) shall be applied to LesseeTenant’s obligations in the order that which Lessor may determine or as may be prescribed by the laws of the StateState where the applicable Leased Property is located.

Appears in 13 contracts

Samples: Master Lease Agreement (Kindred Healthcare, Inc), Guaranty of Lease (Kindred Healthcare, Inc), Master Lease Agreement (Kindred Healthcare, Inc)

Application of Funds. Any payments received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s obligations in the order that which Lessor may determine or as may be prescribed by the laws of the Stateapplicable State(s).

Appears in 9 contracts

Samples: Master Lease and Security Agreement (Hcp, Inc.), Master Lease and Security Agreement (Hcp, Inc.), Master Lease and Security Agreement (Brookdale Senior Living Inc.)

Application of Funds. Any All payments otherwise payable to Lessee which are received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s 's obligations in the order that which Lessor may reasonably determine or as may be prescribed by the laws of the Statestate in which the Facility is located.

Appears in 9 contracts

Samples: Lease Agreement (Global Medical REIT Inc.), Lease Agreement (Ramsay Health Care Inc), Lease Agreement (Integrated Living Communities Inc)

Application of Funds. Any payments received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s 's obligations in the order that which Lessor may determine or as may be prescribed by the laws of the StateState of California.

Appears in 8 contracts

Samples: Master Lease Agreement (Emeritus Corp\wa\), Master Lease Agreement (Alterra Healthcare Corp), Master Lease Agreement (Alterra Healthcare Corp)

Application of Funds. Any payments received by Lessor under -------------------- any of the provisions of this Lease during the existence or continuance of any Event of Default (and such payment is made to Lessor rather than Tenant due to the existence of an Event of Default) shall be applied to Lessee’s Tenant's obligations in the order that which Lessor may determine or as may be prescribed by the laws of the StateState where the applicable Leased Property is located.

Appears in 6 contracts

Samples: Master Lease Agreement (Kindred Healthcare Inc), Master Lease Agreement (Ventas Inc), Master Lease Agreement (Kindred Healthcare Inc)

Application of Funds. Any payments received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default which are made to Lessor rather than Lessee due to the existence of an Event of Default shall be applied to Lessee’s 's obligations in the order that which Lessor may determine or as may be prescribed by the laws of the State.

Appears in 4 contracts

Samples: Master Lease (Emeritus Corp\wa\), Master Lease (Ensign Group, Inc), Balanced Care Corp

Application of Funds. Any payments received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default (and any payment made to Lessor rather than Lessee due to the existence of an Event of Default, shall be applied to Lessee’s obligations in the order that which Lessor may determine or as may be prescribed by the laws of the State.

Appears in 4 contracts

Samples: Master Lease Agreement (Sun Healthcare Group Inc), Master Lease Agreement (Omega Healthcare Investors Inc), Master Lease (Sun Healthcare Group Inc)

Application of Funds. Any payments received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default (and any payment made to Lessor rather than Lessee due to the existence of an Event of Default) shall be applied to Lessee’s 's obligations in the such order that as Lessor may determine or as may be or, if prescribed by the laws of the State, in accordance with such laws.

Appears in 4 contracts

Samples: Lease Agreement (Manchester Technologies Inc), Lease Agreement (Point 360), Lease Agreement (Manchester Technologies Inc)

Application of Funds. Any payments received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s obligations in the order that Lessor may determine such obligations are due or as may be prescribed by the laws of the State.

Appears in 4 contracts

Samples: Master Lease Agreement (Supertel Hospitality Inc), Master Lease Agreement (Supertel Hospitality Inc), Master Lease Agreement (Supertel Hospitality Inc)

Application of Funds. Any payments otherwise payable to Lessee which are received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Lease Default shall be applied to Lessee’s obligations the Lease Obligations in the order that which Lessor may reasonably determine or as may be prescribed required by the laws of the State.. 16.6

Appears in 3 contracts

Samples: Facility Lease Agreement (Emeritus Corp\wa\), Facility Lease Agreement (Emeritus Corp\wa\), Facility Lease Agreement (Emeritus Corp\wa\)

Application of Funds. Any payments received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default which are made to Lessor rather than Lessee due to the existence of an Event of Default shall be applied to Lessee’s obligations in the order that which Lessor may determine or as may be prescribed by the laws of the State.

Appears in 3 contracts

Samples: Master Lease and Security Agreement (Emeritus Corp\wa\), Master Lease and Security Agreement (Emeritus Corp\wa\), Lease Agreement (Sunlink Health Systems Inc)

Application of Funds. Any All payments otherwise payable to Lessee which -------------------- are received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s 's obligations in the order that which Lessor may reasonably determine or as may be prescribed by the laws of the Statestate in which the Facility is located.

Appears in 3 contracts

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

Application of Funds. Any payments received by Lessor under any of the provisions provision of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s 's obligations in the order that Lessor may determine or as may be prescribed by the laws of the State.

Appears in 3 contracts

Samples: Lease Agreement (Equity Inns Inc), Lease Agreement (Equity Inns Inc), Equity Inns Inc

Application of Funds. Any All payments otherwise payable to Lessee which are received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s obligations in the order that which Lessor may reasonably determine or as may be prescribed by the laws of the Statestate in which the Facility is located.

Appears in 2 contracts

Samples: Lease Agreement (Global Medical REIT Inc.), Lease Agreement (Global Medical REIT Inc.)

Application of Funds. Any payments received by Lessor -------------------- under any of the provisions of this Lease during the existence or continuance of any Event of Default (and such payment is made to Lessor rather than Tenant due to the existence of an Event of Default) shall be applied to Lessee’s Tenant's obligations in the order that which Lessor may determine or as may be prescribed by the laws of the StateState where the applicable Leased Property is located.

Appears in 2 contracts

Samples: Master Lease Agreement (Ventas Inc), Master Lease Agreement (Vencor Healthcare Inc)

Application of Funds. Any payments received by Lessor under any of -------------------- the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s 's obligations in the order that Lessor may determine such obligations are due or as may be prescribed by the laws of the State.

Appears in 2 contracts

Samples: Master Lease Agreement (Humphrey Hospitality Trust Inc), Lease Agreement (Humphrey Hospitality Trust Inc)

Application of Funds. Any payments received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s 's obligations in the order that Lessor may determine such obligations are due or as may be prescribed by the laws of the State.

Appears in 2 contracts

Samples: Master Lease Agreement (Humphrey Hospitality Trust Inc), Master Lease Agreement (Humphrey Hospitality Trust Inc)

Application of Funds. Any payments received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to LesseeLxxxxx’s obligations in the order that Lessor may determine determines in its sole discretion or as may be prescribed by the laws of the Statelaw.

Appears in 2 contracts

Samples: Operations Transfer Agreement (Omega Healthcare Investors Inc), Master Lease (Omega Healthcare Investors Inc)

Application of Funds. Any payments received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall shall, to the extent permitted by applicable law, be applied to Lessee’s 's obligations in the order that Lessor may determine or as may be prescribed by the laws of the Statedetermine, at Lessor's discretion.

Appears in 2 contracts

Samples: Percentage Lease Agreement (Red Lion Inns Limited Partnership), Percentage Lease Agreement (Boykin Lodging Co)

Application of Funds. Any payments otherwise payable by Lessee which are received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s obligations in the order that which Lessor may determine or as may be prescribed by the laws of the Statereasonably determine.

Appears in 2 contracts

Samples: Master Lease Agreement (MPT Operating Partnership, L.P.), Master Lease Agreement (MPT Operating Partnership, L.P.)

Application of Funds. Any payments received by Lessor under any -------------------- of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s 's obligations in the order that Lessor may determine or as may be prescribed by the laws of the State.

Appears in 2 contracts

Samples: Lease Agreement (Boston Properties Inc), Hotel Lease Agreement (Apple Suites Inc)

Application of Funds. Any payments received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s obligations in the order that which Lessor may determine or as may be prescribed by the laws of the State.

Appears in 2 contracts

Samples: Lease (Capital Senior Living Corp), Master Lease (Capital Senior Living Corp)

Application of Funds. Any payments received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s Xxxxxx's obligations in the order that which Lessor may determine or as may be prescribed by the laws of the Statelaw.

Appears in 2 contracts

Samples: Master Lease (Omega Healthcare Investors Inc), Master Lease (Omega Healthcare Investors Inc)

Application of Funds. Any payments received by Lessor under any of --------------------- the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s 's obligations in the order that Lessor may determine or as may be prescribed by the laws of the State.

Appears in 2 contracts

Samples: Master Hotel Lease Agreement (Apple Hospitality Two Inc), Hotel Lease Agreement (Apple Suites Inc)

Application of Funds. Any payments received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s obligations in the order that which Lessor may determine or as may be prescribed by the laws of the StateState of New York.

Appears in 2 contracts

Samples: Master Lease Agreement (Assisted Living Concepts Inc), Master Lease Agreement (Assisted Living Concepts Inc)

Application of Funds. Any payments otherwise payable to Lessee which are received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s obligations in the order that which Lessor may determine or as may be prescribed by the laws of the Statereasonably determine.

Appears in 2 contracts

Samples: Lease Agreement (Medical Properties Trust Inc), Master Lease Agreement (MPT Operating Partnership, L.P.)

Application of Funds. Any payments otherwise payable to the Lessee which are received by the Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Lease Default shall be applied to Lessee’s the Lease obligations in the order that which the Lessor may reasonably determine or as may be prescribed required by the laws of the State.

Appears in 1 contract

Samples: Management Agreement (Capital Senior Living Corp)

Application of Funds. Any payments received by Lessor under any of the provisions of this Master Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s 's obligations in the order that Lessor may determine or as may be prescribed by the laws of the State.

Appears in 1 contract

Samples: Master Lease Agreement (Winston Hotels Inc)

Application of Funds. Any payments received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default (and any payment made to Lessor rather than Lessee due to the existence of an Event of Default) shall be applied to Lessee’s obligations in the such order that as Lessor may determine or as may be or, if prescribed by the laws of the State, in accordance with such laws.

Appears in 1 contract

Samples: Lease Agreement (Inamed Corp)

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Application of Funds. Any payments received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s 's obligations in the order that Lessor may determine or as may be prescribed by the laws of the StateState of Texas.

Appears in 1 contract

Samples: Lease Agreement (Crescent Operating Inc)

Application of Funds. Any payments received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default (and any payment made to Lessor rather than Lessee due to the existence of an Event of Default) shall be applied to Lessee’s obligations in the such order that as Lessor may determine or as may be or, if prescribed by the laws of the State, in accordance with such laws subject to preservation of any rights or disputes Lessee may have with respect to the sums to which the payment is applied.

Appears in 1 contract

Samples: Lease Agreement (National American University Holdings, Inc.)

Application of Funds. Any payments otherwise payable by or to Lessee which are received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s obligations in the order that which Lessor may determine or as may be prescribed by the laws of the Statereasonably determine.

Appears in 1 contract

Samples: Master Lease Agreement (MPT Operating Partnership, L.P.)

Application of Funds. Any payments received by Lessor under -------------------- any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s 's obligations in the order that Lessor may determine or as may be prescribed by the laws of the State.

Appears in 1 contract

Samples: Lease Agreement (American General Hospitality Corp)

Application of Funds. Any payments received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s obligations in the order that Lessor may determine determines in its sole discretion or as may be prescribed by the laws of the Statelaw.

Appears in 1 contract

Samples: Master Lease (Omega Healthcare Investors Inc)

Application of Funds. Any payments received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s obligations in the order that Lessor may determine or as may be prescribed by the laws of the StateState of Colorado.

Appears in 1 contract

Samples: Lease Agreement (Behringer Harvard Opportunity REIT I, Inc.)

Application of Funds. Any payments received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default (and any payment made to Lessor rather than Lessee due to the existence of an Event of Default, shall be applied to Lessee’s 's obligations in the order that which Lessor may determine or as may be prescribed by the laws of the State.

Appears in 1 contract

Samples: Master Lease Agreement (Sun Healthcare Group Inc)

Application of Funds. Any payments otherwise payable to Lessee which are received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s obligations 's Obligations in the order that which Lessor may reasonably determine or as may be prescribed required by the laws of the State.

Appears in 1 contract

Samples: And Attornment Agreement (Iasis Healthcare Corp)

Application of Funds. Any payments received by Lessor under any of the provisions of o f this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s 's obligations in the order that Lessor may determine or as may be prescribed by the laws of the State.

Appears in 1 contract

Samples: Lease Agreement (Hersha Hospitality Trust)

Application of Funds. Any Subject to Lessee's first right, if any, to designate the application of funds, any payments received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s 's obligations in the order that Lessor may determine or as may be prescribed by the laws of the State.

Appears in 1 contract

Samples: Master Lease Agreement (PMC Commercial Trust /Tx)

Application of Funds. Any payments received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default (and any such payments made to Lessor rather than Lessees due to the existence of an Event of Default) shall be applied to Lessee’s Lessees' obligations in the order that which Lessor may determine or as may be prescribed by the applicable laws of the Statestates in which the Facilities are located.

Appears in 1 contract

Samples: Master Lease (Raintree Healthcare Corp)

Application of Funds. Any payments received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s obligations in the order that which Lessor may determine or as may be prescribed by the laws of the Statelaw.

Appears in 1 contract

Samples: Master Lease (Omega Healthcare Investors Inc)

Application of Funds. Any All payments otherwise payable to Lessee which ---------------------- are received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s 's obligations in the order that which Lessor may reasonably determine or as may be prescribed by the laws of the State.state in which the Facility is located. 57.1

Appears in 1 contract

Samples: Lease Agreement (Emeritus Corp\wa\)

Application of Funds. Any payments received by Lessor under any of the -------------------- provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s 's obligations in the order that Lessor may determine determines in its sole discretion or as may be prescribed by the laws of the State.law. 16.6

Appears in 1 contract

Samples: Operations Transfer Agreement (Emeritus Corp\wa\)

Application of Funds. Any payments received by Lessor under any of the provisions of this Master Lease Document during the existence or continuance of any Event of Default shall be applied to Lessee’s obligations in the order that Lessor may determine or as may be prescribed by the laws of the State.

Appears in 1 contract

Samples: Master Lease Document General Terms And (Universal Health Realty Income Trust)

Application of Funds. Any payments otherwise payable to Lessee which are received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Leas Default shall be applied to Lessee’s obligations the Lease Obligations in the order that which Lessor may reasonably determine or as may be prescribed required by the laws of the State.

Appears in 1 contract

Samples: Facility Lease Agreement (Alterra Healthcare Corp)

Application of Funds. Any payments received by Lessor under any -------------------- of the provisions of this Lease during the existence or continuance of any Event of Default (and such payment is made to Lessor rather than Lessee due to the existence of an Event of Default) shall be applied to Lessee’s 's obligations in the order that which Lessor may determine or as may be prescribed by the laws of the State.

Appears in 1 contract

Samples: Kindred Healthcare Inc

Application of Funds. Any payments otherwise payable to Lessee which are received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Lessee’s obligations in the order that which Lessor may reasonably determine or as may be prescribed by the laws of the Statestate in which the Facility is located.

Appears in 1 contract

Samples: Lease Agreement

Application of Funds. Any payments otherwise payable by Lessee which are received by Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied based on the obligations to Lessee’s which the Lessee made the payments. If the Lessor is unable to determine to which obligations the Lessee intended to make the payments, the Lessor may apply the payments to the obligations in the order that which Lessor may determine or as may be prescribed by the laws of the Statereasonably determine.

Appears in 1 contract

Samples: Master Lease Agreement (MPT Operating Partnership, L.P.)

Application of Funds. Any payments received by Operating Lessor under any of the provisions of this Lease during the existence or continuance of any Event of Default shall be applied to Operating Lessee’s 's obligations in the order that Operating Lessor may determine or as may be prescribed by the laws of the State.

Appears in 1 contract

Samples: Lease Agreement (Sunstone Hotel Investors, Inc.)

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