Replacement Cost. The term “full replacement cost” as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.
Appears in 31 contracts
Sources: Master Lease Agreement, Hotel Lease Agreement, Lease Agreement (American Realty Capital Hospitality Trust, Inc.)
Replacement Cost. The term “"full replacement cost” " as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.
Appears in 15 contracts
Sources: Master Hotel Lease Agreement (Apple Suites Inc), Master Lease Agreement (Humphrey Hospitality Trust Inc), Lease Agreement (Humphrey Hospitality Trust Inc)
Replacement Cost. The term “"full replacement cost” " as used herein herein, shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and less exclusions provided in the cost standard form of debris removalfire insurance policy. In the event either party believes that full replacement cost (the then-then replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determinedredetermined.
Appears in 7 contracts
Sources: Master Lease Agreement (Alterra Healthcare Corp), Lease (Alterra Healthcare Corp), Lease (Alterra Healthcare Corp)
Replacement Cost. The term “"full replacement cost” " as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determinedredetermined.
Appears in 4 contracts
Sources: Stock Purchase Agreement (Keystone Inc Et Al), Merger Agreement (American General Hospitality Corp), Purchase and Sale Agreement (Prime Hospitality Corp)
Replacement Cost. The term “"full replacement cost” " as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removaltime. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Termterm of this Lease, it shall have the right to have such full replacement cost re-determined.
Appears in 4 contracts
Sources: Lease Agreement (Crescent Real Estate Equities Inc), Lease Agreement (Crescent Real Estate Equities Inc), Lease Agreement (Crescent Operating Inc)
Replacement Cost. The term “"full replacement cost” " as used herein ---------------- shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.
Appears in 4 contracts
Sources: Master Hotel Lease Agreement (Apple Hospitality Two Inc), Master Lease Agreement (Humphrey Hospitality Trust Inc), Hotel Lease Agreement (Apple Suites Inc)
Replacement Cost. The term “"full replacement cost” " as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.
Appears in 3 contracts
Sources: Lease Agreement (Felcor Lodging Trust Inc), Lease Agreement (Bristol Hotels & Resorts Inc), Master Hotel Agreement (Felcor Suite Hotels Inc)
Replacement Cost. The term “full replacement cost” "Full Replacement Cost" as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.
Appears in 2 contracts
Sources: Lease Agreement (Sunstone Hotel Investors, Inc.), Revolving Credit Agreement (Sunstone Hotel Investors Inc)
Replacement Cost. The term “"full replacement cost” " as used ---------------- --------------------- herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determinedredetermined.
Appears in 2 contracts
Sources: Lease Agreement (Boston Properties Inc), Lease Agreement (Boston Properties Inc)
Replacement Cost. The term “full replacement costFull Replacement Cost” as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.
Appears in 2 contracts
Sources: Lease Agreement (MHI Hospitality CORP), Lease Agreement (MHI Hospitality CORP)
Replacement Cost. The term “"full replacement cost” " as used herein ----------------- shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.
Appears in 2 contracts
Sources: Hotel Lease Agreement (Apple Suites Inc), Master Hotel Lease Agreement (Apple Hospitality Two Inc)
Replacement Cost. The term “"full replacement cost” " as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) 146 has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.
Appears in 1 contract
Sources: Contract for Purchase and Sale of Hotels (Felcor Suite Hotels Inc)
Replacement Cost. The term “"full replacement cost” " as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.replacement
Appears in 1 contract
Replacement Cost. The term “"full replacement cost” " as used herein herein, shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and less exclusions provided in the cost standard form of debris removalfire insurance policy in the State where such policy has been issued. In the event either party believes that full replacement cost (the then-then replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determinedredetermined.
Appears in 1 contract
Sources: Master Lease Agreement (Assisted Living Concepts Inc)
Replacement Cost. The term “full replacement costFull Replacement Cost” as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.
Appears in 1 contract
Replacement Cost. The term “"full replacement cost” " as used herein ---------------- shall mean the actual replacement cost of the an Individual Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-then replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determinedredetermined.
Appears in 1 contract
Replacement Cost. The term “"full replacement cost” " as used ---------------- herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determinedredetermined.
Appears in 1 contract
Sources: Lease Agreement (American General Hospitality Corp)
Replacement Cost. The term “"full replacement cost” " as used ---------------- herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.
Appears in 1 contract
Replacement Cost. The term “"full replacement cost” " as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time replacement, which is based on an agreed value, if replaced, including an increased cost of construction endorsement, if available, and the cost of debris removal. Lessee agrees to carry a limit of insurance equal to or greater than the replacement cost. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.
Appears in 1 contract
Replacement Cost. The term “"full replacement cost” " as used herein shall mean the actual replacement cost of the an Individual Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-then replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determinedredetermined.
Appears in 1 contract
Replacement Cost. The term “"full replacement cost” " as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.such
Appears in 1 contract