Common use of Notice of Impositions Clause in Contracts

Notice of Impositions. Lessor shall give prompt Notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that Lessor’s failure to give any such Notice shall in no way diminish Lessee’s obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable thereto.

Appears in 24 contracts

Samples: Hotel Lease Agreement, Hotel Lease Agreement (Apple REIT Ten, Inc.), Hotel Lease Agreement (Apple REIT Ten, Inc.)

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Notice of Impositions. Lessor shall give prompt Notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that Lessor’s 's failure to give any such Notice shall in no way diminish Lessee’s 's obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable thereto.

Appears in 13 contracts

Samples: Hotel Lease Agreement (Apple Suites Inc), Master Hotel Lease Agreement (Apple Suites Inc), Lease Agreement (Felcor Suite Hotels Inc)

Notice of Impositions. Lessor shall give prompt Notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that Lessor’s 's failure to give any such Notice shall in no way diminish Lessee’s 's obligations hereunder to pay such Impositions, but if Lessee did not otherwise have knowledge of such Imposition sufficient to permit it to pay same, such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable thereto.

Appears in 12 contracts

Samples: Lease Agreement (Hersha Hospitality Trust), Lease Agreement (Hersha Hospitality Trust), Lease Agreement (Hersha Hospitality Trust)

Notice of Impositions. Lessor shall give prompt Notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that Lessor’s failure to give any such Notice shall in no way diminish Lessee’s obligations hereunder to pay such Impositions, but such failure to provide notice shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable thereto.

Appears in 11 contracts

Samples: Hotel Lease Agreement (Moody National REIT II, Inc.), Hotel Lease Agreement (Moody National REIT II, Inc.), Hotel Lease Agreement (Moody National REIT I, Inc.)

Notice of Impositions. To the extent Lessor is notified of any Impositions, Lessor shall give prompt Notice to Lessee of all such Impositions payable by Lessee hereunder of which Lessor at any time has knowledgehereunder, provided that Lessor’s 's failure to give any such Notice shall in no way diminish Lessee’s 's obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable thereto.

Appears in 6 contracts

Samples: Consolidated Lease Agreement (Equity Inns Inc), Lease Agreement (Equity Inns Inc), Lease Agreement (RFS Hotel Investors Inc)

Notice of Impositions. Lessor shall give prompt Notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that Lessor’s failure to give any such Notice shall in no way diminish Lessee’s obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable theretothereto and Lessor will pay any interest, penalty or fine caused by Lessor’s failure to give such Notice.

Appears in 6 contracts

Samples: Lease Agreement (American Realty Capital Hospitality Trust, Inc.), Lease Agreement (American Realty Capital Hospitality Trust, Inc.), Lease Agreement (American Realty Capital Hospitality Trust, Inc.)

Notice of Impositions. Lessor shall give prompt Notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that Lessor’s failure to give any such Notice shall in no way diminish Lessee’s obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice or has otherwise acquired knowledge of any Imposition which it is obligated to pay during the first taxing period applicable thereto.

Appears in 5 contracts

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

Notice of Impositions. To the extent Lessor is notified of any Impositions, Lessor shall give prompt Notice to Lessee of all such Impositions payable by Lessee hereunder of which Lessor at any time has knowledgehereunder, provided that Lessor’s failure to give any such Notice shall in no way diminish Lessee’s obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable thereto.

Appears in 4 contracts

Samples: Lease Agreement (Gadsden Growth Properties, Inc.), Lease Agreement (MHI Hospitality CORP), Lease Agreement (Summit Hotel OP, LP)

Notice of Impositions. Lessor shall give prompt Notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that but Lessor’s failure to give any such Notice shall in no way diminish Lessee’s obligations obligation hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable theretopay.

Appears in 4 contracts

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

Notice of Impositions. Lessor shall give prompt Notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that Lessor’s 's failure to give any such Notice shall in no way diminish Lessee’s 's obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice or has otherwise acquired knowledge of any Imposition which it is obligated to pay during the first taxing period applicable thereto.

Appears in 4 contracts

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

Notice of Impositions. Lessor shall give prompt Notice notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that but Lessor’s failure to give any such Notice notice shall in no way diminish Lessee’s obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable theretohereunder.

Appears in 3 contracts

Samples: Lease (Gc Net Lease Reit, Inc.), Lease (Gc Net Lease Reit, Inc.), Lease (Gc Net Lease Reit, Inc.)

Notice of Impositions. To the extent Lessor is notified of any Impositions, Lessor shall give prompt Notice to Lessee of all such Impositions payable by Lessee hereunder of which Lessor at any time has knowledgehereunder, provided that Lessor’s 's failure to give any such Notice shall in no way diminish Lessee’s 's obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable theretothereto and Lessor shall be responsible for any interest or penalties incurred as a result of Lessor's failure to promptly forward the same.

Appears in 3 contracts

Samples: Lease Agreement (Strategic Hotel Capital Inc), Lease Agreement (Strategic Hotel Capital Inc), Lease Agreement (Strategic Hotel Capital Inc)

Notice of Impositions. Lessor shall give prompt Notice to Lessee of --------------------- all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that Lessor’s 's failure to give any such Notice shall in no way diminish Lessee’s 's obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable thereto.

Appears in 3 contracts

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

Notice of Impositions. Lessor shall give prompt Notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that Lessor’s 's failure to give any such Notice shall in no way diminish Lessee’s 's obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable theretothereto and Lessor will pay any interest, penalty or fine caused by Lessor's failure to give such Notice.

Appears in 2 contracts

Samples: Lease Agreement (Highland Hospitality Corp), Master Lease Agreement (Winston Hotels Inc)

Notice of Impositions. Lessor shall give prompt Notice to Lessee --------------------- of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that Lessor’s 's failure to give any such Notice shall in no way diminish Lessee’s 's obligations hereunder to pay such Impositions, but if Lessee did not otherwise have knowledge of such Imposition sufficient to permit it to pay same, such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable thereto.

Appears in 2 contracts

Samples: Lease Agreement (Boston Properties Inc), Lease Agreement (Boston Properties Inc)

Notice of Impositions. Lessor shall give prompt Notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that Lessor’s 's failure to give any such Notice shall in no way diminish Lessee’s obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable thereto.'s obligations

Appears in 2 contracts

Samples: Lease Agreement (Crescent Real Estate Equities Inc), Lease Agreement (Crescent Real Estate Equities Inc)

Notice of Impositions. Lessor shall give prompt Notice to Lessee of ---------------------- all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that Lessor’s 's failure to give any such Notice shall in no way diminish Lessee’s 's obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable thereto.

Appears in 2 contracts

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

Notice of Impositions. Upon its receipt of same, Lessor shall give prompt Notice to Lessee of for all Impositions payable by Lessee hereunder of which Lessor at any time has obtains actual knowledge, provided that but Lessor’s failure to give any such Notice shall in no way diminish Lessee’s obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable thereto.

Appears in 2 contracts

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

Notice of Impositions. Lessor shall give prompt Notice to Lessee of --------------------- all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that Lessor’s 's failure to give any such Notice shall in no way diminish Lessee’s 's obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice or has otherwise acquired knowledge of any Imposition which it is obligated to pay during the first taxing period applicable thereto.

Appears in 2 contracts

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

Notice of Impositions. Lessor shall give prompt Notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, knowledge provided that Lessor’s 's failure to give any such Notice shall in no way diminish Lessee’s 's obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable thereto.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Sunstone Hotel Investors Inc), Lease Agreement (Hammons John Q Hotels Inc)

Notice of Impositions. Lessor shall give prompt Notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that but Lessor’s 's failure to give any such Notice shall in no way diminish Lessee’s obligations 's obligation hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable theretopay.

Appears in 1 contract

Samples: Master Lease Agreement (Sun Healthcare Group Inc)

Notice of Impositions. Lessor shall give prompt Notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that and in the event of Lessor’s 's failure to give any such Notice shall in no way diminish Lessee’s obligations hereunder as to pay any Imposition, unless Lessee has actual knowledge of such ImpositionsImposition, but such failure shall obviate any default hereunder extend the time for payment thereof by Lessee until a reasonable time after Lessee receives has actual knowledge of such Imposition. Lessor shall reimburse Lessee for any late charges or penalties wholly caused by Lessor's negligent delay in giving any such Notice of any Imposition which it is obligated to pay during the first taxing period applicable theretoLessee.

Appears in 1 contract

Samples: Master Lease (Integrated Health Services Inc)

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Notice of Impositions. Lessor shall give prompt Notice notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that but Lessor’s 's failure to give any such Notice notice shall in no way diminish Lessee’s 's obligations hereunder to pay such ImpositionsImpositions under Lessee knew, but or reasonably should have known, about the existence of such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable theretoImposition.

Appears in 1 contract

Samples: And Attornment Agreement (Iasis Healthcare Corp)

Notice of Impositions. Lessor shall give prompt Notice notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that knowledge other than general ad valorem real estate taxes (or substitutes therefor). Lessor’s 's failure to give any such Notice notice shall in no way diminish Lessee’s 's obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after unless Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable theretohas not otherwise received actual notice thereof.

Appears in 1 contract

Samples: Lease (Ekco Group Inc /De/)

Notice of Impositions. Lessor shall give prompt Notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that Lessor’s 's failure to give any such Notice shall in no way diminish Lessee’s 's obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable theretopay.

Appears in 1 contract

Samples: Lease Agreement (Crescent Real Estate Equities Inc)

Notice of Impositions. Lessor shall give prompt Notice notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that Lessor’s failure to give any such Notice notice shall in no way diminish Lessee’s obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice notice of any Imposition which it is obligated to pay during the first taxing period applicable theretopay.

Appears in 1 contract

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

Notice of Impositions. To the extent Lessor. is notified of any Impositions, Lessor shall give prompt Notice to Lessee of all such Impositions payable by Lessee hereunder of which Lessor at any time has knowledgehereunder, provided that Lessor’s failure to give any such Notice shall in no way diminish Lessee’s obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable thereto.

Appears in 1 contract

Samples: Lease Agreement (Capital Lodging)

Notice of Impositions. Lessor shall give prompt Notice notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that Lessor’s 's failure to give any such Notice notice shall in no way diminish Lessee’s 's obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice notice of any Imposition which it is obligated to pay during the first taxing period applicable theretopay.

Appears in 1 contract

Samples: Lease Agreement (Crescent Operating Inc)

Notice of Impositions. Lessor shall give prompt Notice notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that knowledge other than general ad valorem real estate taxes (or substitutes therefor). Lessor’s failure to give any such Notice notice shall in no way diminish Lessee’s obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after unless Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable theretohas not otherwise received actual notice thereof.

Appears in 1 contract

Samples: Lease (Gc Net Lease Reit, Inc.)

Notice of Impositions. Lessor shall give prompt Notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, knowledge provided that Lessor’s failure to give any such Notice shall in no way diminish Lessee’s obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable thereto.

Appears in 1 contract

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

Notice of Impositions. Lessor shall give prompt Notice notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that and shall not pay any Imposition until it has given Lessee reasonable opportunity to pay same, but Lessor’s 's failure to give any such Notice notice shall in no way diminish Lessee’s 's obligations hereunder to pay such ImpositionsImpositions (exclusive of interest, but fines or penalties occasioned by Lessor's failure to timely give such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable theretonotice).

Appears in 1 contract

Samples: Master Lease Agreement (Boddie Noell Properties Inc)

Notice of Impositions. To the extent Lessor is notified of any Impositions, Lessor shall give prompt Notice to Lessee of all such Impositions payable by Lessee hereunder of which Lessor at any time has knowledgehereunder, provided that Lessor’s 's failure to give any such Notice shall in no way diminish Lessee’s 's Lease Agreement Ashford TRS Corporation obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable thereto.

Appears in 1 contract

Samples: Lease Agreement (Ashford Hospitality Trust Inc)

Notice of Impositions. Lessor shall give prompt Notice notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor I.essor at any time has knowledge, provided that but Lessor’s 's failure to give any such Notice notice shall in no way diminish Lessee’s 's obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable thereto.. 4.3

Appears in 1 contract

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

Notice of Impositions. Lessor shall give prompt Notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that Lessor’s failure to give any such Notice shall in no way diminish Lessee’s obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice Notices of any Imposition which it is obligated to pay during the first taxing period applicable theretopay.

Appears in 1 contract

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

Notice of Impositions. Lessor shall give prompt Notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that but Lessor’s failure to give any such Notice shall in no way diminish Lessee’s obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable theretopay.

Appears in 1 contract

Samples: Master Lease (Omega Healthcare Investors Inc)

Notice of Impositions. Lessor shall give prompt Notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that but Lessor’s 's failure to give any such Notice shall in no way diminish Lessee’s 's obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable theretopay.

Appears in 1 contract

Samples: Master Lease (Advocat Inc)

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