Common use of Lease Supplements Clause in Contracts

Lease Supplements. On each Property Closing Date, or on such other date as may be required pursuant to Section 1.3 of the Participation Agreement, Lessor and Lessee shall each execute and deliver a Lease Supplement for the Property to be leased on such date in substantially the form of Exhibit A hereto and thereafter such Property shall be subject to the terms of this Lease. Lessee hereby agrees that the execution and delivery by it of a Lease Supplement shall, without further act, constitute the irrevocable acceptance by Lessee of all of the Property which is the subject of such Lease Supplement for all purposes of this Lease and the other Operative Agreements on the terms set forth therein and herein, and that such Property, together with any Improvements constructed on such Property pursuant to the Construction Agency Agreement and this Lease, shall be deemed to be included in the leasehold estate of this Lease and shall be subject to the terms and conditions of this Lease as of such Property Closing Date.