Common use of Not Trust Funds Clause in Contracts

Not Trust Funds. Notwithstanding anything herein or at law or equity to the contrary, none of the insurance proceeds paid to Landlord as herein provided shall be deemed trust funds, and Landlord shall be entitled to dispose of such proceeds as provided in this Article 9. Tenant expressly assumes all risk of loss, including a decrease in the use, enjoyment or value, of the Leased Property from any casualty whatsoever, whether or not insurable or insured against.

Appears in 23 contracts

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

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Not Trust Funds. Notwithstanding anything herein or at law or --------------- equity to the contrary, none of the insurance proceeds paid to Landlord as herein provided shall be deemed trust funds, and Landlord shall be entitled to dispose of such proceeds as provided in this Article 9. Tenant expressly assumes all risk of loss, including a decrease in the use, enjoyment or value, of the Leased Property from any casualty whatsoever, whether or not insurable or insured against.

Appears in 1 contract

Samples: Lease Agreement (Just Like Home Inc)

Not Trust Funds. Notwithstanding anything herein or at law or equity to the contrary, none of the insurance proceeds paid to Landlord as herein provided shall be deemed trust funds, and Landlord shall be entitled to dispose of such proceeds as provided in this Article 9Section 11. Tenant expressly assumes all risk of loss, including a decrease in the use, enjoyment or value, of the Leased Property Premises from any casualty whatsoever, whether or not insurable or insured against.

Appears in 1 contract

Samples: Lease Agreement (American Retirement Corp)

Not Trust Funds. Notwithstanding anything herein or at law or equity to ---------------- the contrary, none of the insurance proceeds paid to Landlord as herein provided shall be deemed trust funds, and Landlord shall be entitled to dispose of such proceeds as provided in this Article 9. Tenant expressly assumes all risk of loss, including a decrease in the use, enjoyment or value, of the Leased Property from any casualty whatsoever, whether or not insurable or insured against.

Appears in 1 contract

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

Not Trust Funds. Notwithstanding anything herein or at law or equity to the contrary, none of the insurance proceeds paid to Landlord as herein provided provided, if any, shall be deemed trust funds, and Landlord shall be entitled to dispose of such proceeds as provided in this Article 9. Tenant expressly assumes all risk of loss, including a decrease in the use, enjoyment or value, of the Leased Property leased property from any casualty whatsoever, whether or not insurable or insured against.

Appears in 1 contract

Samples: Master Lease Agreement (Genesis Healthcare, Inc.)

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Not Trust Funds. Notwithstanding anything herein or at law or equity to the contrary, none of the insurance proceeds paid to Landlord as herein provided shall be deemed trust funds, and Landlord shall be entitled to dispose of such proceeds as provided in this Article 911. Tenant expressly assumes all risk of loss, including a decrease in the use, enjoyment or value, of the Leased Property Premises from any casualty whatsoever, whether or not insurable or insured against.

Appears in 1 contract

Samples: Lease Agreement (American Retirement Corp)

Not Trust Funds. Notwithstanding anything herein or at law or equity to the contrary, none of the insurance proceeds paid to Landlord landlord as herein provided provided, if any, shall be deemed trust funds, and Landlord landlord shall be entitled to dispose of such proceeds as provided in this Article article 9. Tenant expressly assumes all risk of loss, including a decrease in the use, enjoyment or value, of the Leased Property leased property from any casualty whatsoever, whether or not insurable or insured against.

Appears in 1 contract

Samples: Master Lease Agreement (Genesis Healthcare, Inc.)

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