Common use of Redevelopment Clause in Contracts

Redevelopment. Upon the request of Sublessee, Sublessor will conduct, at its sole expense, a feasibility study or assessment to assess economic viability and competitiveness of the Facility with options for the redevelopment, addition to or construction of a new building for the Facility, with input and approval from Sublessee with respect thereto, and submit a proposal to the Landlord. Landlord will make reasonable best efforts to provide funds via HUD redevelopment programs in the amount supported by mutually accepted analysis and redevelopment.

Appears in 2 contracts

Sources: Sublease Agreement (Regional Health Properties, Inc), Sublease Agreement (Regional Health Properties, Inc)