Common use of PRORATIONS, ETC Clause in Contracts

PRORATIONS, ETC. It is understood and agreed that, with respect to each Rehabilitation Hospital Property, (i) all items of revenue, cost and expense, rights, remedies, claims, losses, damages, liabilities and obligations with respect to the period prior to the applicable Commencement Date for such Property shall be for the account of Landlord, (ii) Landlord shall retain its right, title and interest in and to all unpaid accounts receivable with respect to each such Facility which relate to the period prior to the applicable Commencement Date, and Tenant shall promptly turn over any such amounts collected or received by Tenant on account thereof, and (iii) in the event that Tenant shall assume any liability for any period prior to the applicable Commencement Date in connection with its participation in any Third Party Payor Program with respect to either Rehabilitation Hospital Property, Landlord shall indemnify and hold Tenant harmless from any such liability only to the extent the same relates to the period commencing on October 26, 2004 and ending on the applicable Commencement Date.

Appears in 2 contracts

Sources: Master Lease Agreement (Senior Housing Properties Trust), Master Lease Agreement (Five Star Quality Care Inc)