Common use of Provisions Relating to Purchase of the Leased Property Clause in Contracts

Provisions Relating to Purchase of the Leased Property. In ------------------------------------------------------ the event Tenant purchases any Leased Property from Lessor pursuant to any of the terms of Article XIV hereof, Lessor shall, upon receipt from Tenant of the ----------- applicable purchase price, together with full payment of all Rent due and payable or other charges due and payable with respect to any period ending on or before the date of the purchase, deliver to Tenant an appropriate deed or other conveyance (in the customary form used to convey commercial properties within the relevant jurisdiction) conveying the entire interest of Lessor in and to such Leased Property to Tenant free and clear of all encumbrances other than (i) those that Tenant has agreed hereunder to pay or discharge, (ii) those mortgage liens, if any, which Tenant has agreed in writing to accept and to take title subject to and (iii)

Appears in 5 contracts

Samples: Master Lease Agreement (Kindred Healthcare Inc), Master Lease Agreement (Kindred Healthcare Inc), Master Lease Agreement (Kindred Healthcare Inc)

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Provisions Relating to Purchase of the Leased Property. In the ------------------------------------------------------ the event Tenant purchases any Leased Property from Lessor pursuant to any of the terms of Article XIV hereof, Lessor shall, upon receipt from Tenant of the ----------- applicable purchase price, together with full payment of all Rent due and payable or other charges due and payable with respect to any period ending on or before the date of the purchase, deliver to Tenant an appropriate deed or other conveyance (in the customary form used to convey commercial properties within the relevant jurisdiction) conveying the entire interest of Lessor in and to such Leased Property to Tenant free and clear of all encumbrances other than (i) those that Tenant has agreed hereunder to pay or discharge, (ii) those mortgage liens, if any, which Tenant has agreed in writing to accept and to take title subject to and (iii)

Appears in 1 contract

Samples: Master Lease Agreement (Ventas Inc)

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