Common use of Condemnation Proceeds Not Trust Funds Clause in Contracts

Condemnation Proceeds Not Trust Funds. Notwithstanding anything in this Lease or at law or equity to the contrary, none of the condemnation award paid to Landlord shall be deemed trust funds, and Landlord shall be entitled to dispose of such proceeds as provided in this Article 10. Tenant expressly assumes all risk of loss, including a decrease in the use, enjoyment, or value, of the Leased Property from any Condemnation.

Appears in 20 contracts

Samples: Master Lease Agreement (Emeritus Corp\wa\), Master Lease Agreement (LifeCare Holdings, Inc.), Master Lease Agreement (LifeCare Holdings, Inc.)

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Condemnation Proceeds Not Trust Funds. Notwithstanding anything in this Lease or at law or equity to the contrary, none of the condemnation award paid to Landlord shall be deemed trust funds, and Landlord shall be entitled to dispose of such proceeds as provided in this Article 10. Tenant expressly assumes all risk of loss, including a decrease in the use, enjoyment, or value, of the Leased Property from any CondemnationTaking.

Appears in 3 contracts

Samples: Lease Agreement (Emeritus Corp\wa\), Master Lease Agreement (Capital Senior Living Corp), Lease Agreement (Emeritus Corp\wa\)

Condemnation Proceeds Not Trust Funds. Notwithstanding anything in this Lease or at law or equity to the contrary, none of the condemnation award paid to Landlord shall be deemed trust funds, and Landlord shall be entitled to dispose of such proceeds as provided in this Article 10. Tenant expressly assumes all risk of loss, including a decrease in the use, enjoyment, or value, of the Leased Property from any Condemnation.. 43 ARTICLE 11:

Appears in 1 contract

Samples: Hcri Lease Agreement (Balanced Care Corp)

Condemnation Proceeds Not Trust Funds. Notwithstanding anything in this Lease or at law or equity to the contrary, none of the condemnation award paid to Landlord shall be deemed trust funds, and Landlord shall be entitled to dispose of such proceeds as provided in this Article 10. Tenant expressly assumes all risk of loss, including a decrease in the use, enjoyment, or value, of the Leased Property from any Condemnation.. -31-

Appears in 1 contract

Samples: Master Lease Agreement (Alterra Healthcare Corp)

Condemnation Proceeds Not Trust Funds. Notwithstanding anything in this -------------------------------------- Lease or at law or equity to the contrary, none of the condemnation award paid to Landlord shall be deemed trust funds, and Landlord shall be entitled to dispose of such proceeds as provided in this Article 10. Tenant expressly assumes all risk of loss, including a decrease in the use, enjoyment, or value, of the Leased Property from any Condemnation.

Appears in 1 contract

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

Condemnation Proceeds Not Trust Funds. Notwithstanding anything in this Lease or at law or equity to the contrary, none of the condemnation award paid to Landlord shall be deemed trust funds, and Landlord shall be entitled to dispose of such proceeds as provided in this Article 10. Tenant Borrower expressly assumes all risk of loss, including a decrease in the use, enjoyment, or value, of the Leased Property from any Condemnation.

Appears in 1 contract

Samples: Lease Agreement (Alterra Healthcare Corp)

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Condemnation Proceeds Not Trust Funds. Notwithstanding anything in this Lease or at law or equity to the contrary, none of the condemnation award paid to Landlord shall be deemed trust funds, and Landlord shall be entitled to dispose of such proceeds as provided in this Article 1012. Tenant expressly assumes all risk of loss, including a decrease in the use, enjoyment, or value, of the Leased Property Premises from any Condemnation.

Appears in 1 contract

Samples: Lease Agreement (American Retirement Corp)

Condemnation Proceeds Not Trust Funds. Notwithstanding anything ------------------------------------- in this Lease or at law or equity to the contrary, none of the condemnation award paid to Landlord shall be deemed trust funds, and Landlord shall be entitled to dispose of such proceeds as provided in this Article 10. Tenant expressly assumes all risk of loss, including a decrease in the use, enjoyment, or value, of the Leased Property from any Condemnation.

Appears in 1 contract

Samples: Lease Agreement (Just Like Home Inc)

Condemnation Proceeds Not Trust Funds. Notwithstanding anything in this Lease or at law or equity to the contrary, none of the condemnation award paid to Landlord shall be deemed trust funds, and Landlord shall be entitled to dispose of such proceeds as provided in this Article 10Section 12. Tenant expressly assumes all risk of loss, including a decrease in the use, enjoyment, or value, of the Leased Property Premises from any Condemnation.

Appears in 1 contract

Samples: Lease Agreement (American Retirement Corp)

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