Expanded Projects Clause Samples

Expanded Projects. Landlord and Tenant hereby agree that Tenant is granted the right to increase the licensed bed capacity at the Leased Property located in Hu▇▇▇▇ ▇nd Plant City, Florida, and Anniston, Alabama, so long as its expansions are authorized with a certificate of need from the appropriate governmental authority and are constructed in a substantially similar manner as the existing Leased Property. Landlord agrees (at the request of Tenant, and after the issuance of a certificate of occupancy on the Expanded Project) to reimburse Tenant for such hard costs, including land, construction, landscaping, fixtures or appurtenances, as Tenant may have incurred in the expansion of the project. At such time as this reimbursement is sought by Tenant, Tenant agrees to amend the individual lease for that Leased Property, and to increase the base rent thereon by an annual factor equal to 10% times the expenses reimbursed by Landlord. The parties further agree that the Additional Rent provided for in paragraph 2.02 above shall commence on that part of the Leased Property expanded pursuant to the terms of this paragraph 2.07 effective the first day of January of the calendar year commencing no sooner than six months after the date of the commencement of Tenant's lease obligation on the expanded property. All the rest and residue of the Master Lease and the individual leases on the Leased Properties located in Hu▇▇▇▇ ▇nd Plant City, Florida, and Anniston, Alabama, are hereby ratified and affirmed. Executed this the 2nd day of June, 1993. NATIONAL HEALTH INVESTORS, INC. /s/ Ri▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇. Ri▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇., Vice President NATIONAL HEALTHCORP L.P. /s/ Ro▇▇▇▇ ▇. ▇▇▇▇▇ Ro▇▇▇▇ ▇. ▇▇▇▇▇, Senior Vice President AMENDMENT NO. 2 TO MASTER AGREEMENT TO LEASE This Amendment No. 2 (hereinafter "Amendment 2") is made to that certain Master Agreement to Lease between National Health Investors, Inc. ("Landlord") and National HealthCare L.P. (formerly National HealthCorp L.P., now known as "Tenant") dated October 17, 1991, (hereinafter "Master Lease"), and is entered into effective this 15th day of January, 1996.

Expanded Projects. Landlord and Tenant hereby agree that Tenant is granted the right to increase the licensed bed capacity at the Leased Property located in ▇▇▇▇▇▇ and Plant City, Florida, and Anniston, Alabama, so long as its expansions are authorized with a certificate of need from the appropriate governmental authority and are constructed in a substantially similar manner as the existing Leased Property. Landlord agrees (at the request of Tenant, and after the issuance of a certificate of occupancy on the Expanded Project) to reimburse Tenant for such hard costs, including land, construction, landscaping, fixtures or appurtenances, as Tenant may have incurred in the expansion of the project. At such time as this reimbursement is sought by Tenant, Tenant agrees to amend the individual lease for that Leased Property, and to increase the base rent thereon by an annual factor equal to 10% times the expenses reimbursed by Landlord.

Expanded Projects. Landlord and Tenant hereby agree that Tenant is granted the right to increase the licensed bed capacity and/or create revenue producing ancillary space at the Leased Property located in Athens, NHC/Sc▇▇▇ ▇n Lawrenceburg, Colonial Hill Retirement in Chattanooga, Milan, Nashville, Pulaski, Sequatchie, and Smithville, Tennessee; Glasgow, Kentucky; Joplin and St. Ch▇▇▇▇▇, Missouri, Laurens and Anderson, South Carolina; and Merritt Island, Florida, so long as its expansions are either exempt from or authorized with a certificate of need from the appropriate governmental authority and are constructed in a substantially similar manner as the existing Leased Property. Landlord agrees at the request of Tenant from time to time to reimburse Tenant for such hard costs, including land, construction, landscaping, fixtures or appurtenances, as Tenant may have incurred in the expansion of the Project. At such time as this reimbursement is sought by Tenant, Tenant agrees to amend the individual lease for that Leased Property, and to increase the base rent thereon by an annual factor equal to 9.5% times the expenses reimbursed by Landlord. The parties further agree that the Additional Rent provided for in paragraph 2.02 above shall commence on that part of the Leased Property expanded pursuant to the terms of this paragraph 2.07 effective the first day of January of 1999, with 1998 as the Base Year. All the rest and residue of the Master Lease and the individual lease on the Leased Properties located in Athens, NHC/Sc▇▇▇ ▇n Lawrenceburg, Colonial Hill Retirement in Chattanooga, Milan, Nashville, Pulaski, Sequatchie, and Smithville, Tennessee; Glasgow, Kentucky; Joplin and St. Ch▇▇▇▇▇, Missouri, Laurens and Anderson, South Carolina; and Merritt Island, Florida, are hereby ratified and affirmed. Executed effective this 22nd day of July, 1997. NATIONAL HEALTH INVESTORS, INC. /s/ Ri▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇. Ri▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇., Vice President NATIONAL HEALTHCARE L.P. /s/ Ro▇▇▇▇ ▇. ▇▇▇▇▇ Ro▇▇▇▇ ▇. ▇▇▇▇▇, Senior Vice President AMENDMENT NO. 4 TO MASTER AGREEMENT TO LEASE This Amendment No. 4 (hereinafter "Amendment 4") is made to that certain Master Agreement to Lease between National Health Investors, Inc. ("Landlord") and National HealthCare L.P. ("Tenant") dated October 17, 1991, (hereinafter "Master Lease"), and is entered into effective the 31st day of December, 1997.

Expanded Projects. Landlord and Tenant hereby agree that Tenant is granted the right to increase the licensed bed capacity and/or create revenue producing ancillary space at the Leased Property located in Athens, NHC/▇▇▇▇▇ in Lawrenceburg, Colonial Hill Retirement in Chattanooga, Milan, Nashville, Pulaski, Sequatchie, and Smithville, Tennessee; Glasgow, Kentucky; Joplin and St. ▇▇▇▇▇▇▇, Missouri, Laurens and Anderson, South Carolina; and Merritt Island, Florida, so long as its expansions are either exempt from or authorized with a certificate of need from the appropriate governmental authority and are constructed in a substantially similar manner as the existing Leased Property. Landlord agrees at the request of Tenant from time to time to reimburse Tenant for such hard costs, including land, construction, landscaping, fixtures or appurtenances, as Tenant may have incurred in the expansion of the Project. At such time as this reimbursement is sought by Tenant, Tenant agrees to amend the individual lease for that Leased Property, and to increase the base rent thereon by an annual factor equal to 9.5% times the expenses reimbursed by Landlord.