Restoration of Tenant's Property. If Tenant is required to restore any Property as hereinabove provided and this Agreement is not terminated as to such Property pursuant to the terms of Article 10, Tenant shall either (a) restore all alterations and improvements made by Tenant and Tenant's Personal Property, or (b) replace such alterations and improvements and Tenant's Personal Property with improvements or items of the same or better quality and utility in the operation of such Property. If Tenant is not required to restore and does not, in fact, restore, Tenant shall pay over to Landlord the amount, if any, of insurance proceeds received by Tenant with respect to any of Tenant's Personal Property which was purchased with funds from the FF&E Reserve.
Appears in 8 contracts
Samples: Lease Agreement (Hospitality Properties Trust), Lease Agreement (Candlewood Hotel Co Inc), Lease Agreement (Hospitality Properties Trust)
Restoration of Tenant's Property. If Tenant is required to restore any the Property as hereinabove provided and this Agreement is not terminated as to such Property pursuant to the terms of Article 10, Tenant shall either (a) restore all alterations and improvements made by Tenant and Tenant's Personal Property, or (b) replace such alterations and improvements and Tenant's Personal Property with improvements or items of the same or better quality and utility in the operation of such Property. If Tenant is not required to restore and does not, in fact, restore, Tenant shall pay over to Landlord the amount, if any, of insurance proceeds received by Tenant with respect to any of Tenant's Personal Property which was purchased with funds from the FF&E Reserve.
Appears in 1 contract
Samples: Stock Purchase Agreement (Hospitality Properties Trust)
Restoration of Tenant's Property. If Tenant is required to restore any Property as hereinabove provided and this Agreement is not terminated as to such Property pursuant to the terms of Article ARTICLE 10, Tenant shall either (a) restore all alterations and improvements made by Tenant and Tenant's Personal Property, or (b) replace such alterations and improvements and Tenant's Personal Property with improvements or items of the same or better quality and utility in the operation of such Property. If Tenant is not required to restore and does not, in fact, restore, Tenant shall pay over to Landlord the amount, if any, of insurance proceeds received by Tenant with respect to any of Tenant's Personal Property which was purchased with funds from the FF&E Reserve.
Appears in 1 contract
Samples: Lease Agreement (Sholodge Inc)
Restoration of Tenant's Property. If Tenant is required to restore -------------------------------- any Property as hereinabove provided and this Agreement is not terminated as to such Property pursuant to the terms of Article 10, Tenant shall either (a) ---------- restore all alterations and improvements made by Tenant and Tenant's Personal Property, or (b) replace such alterations and improvements and Tenant's Personal Property with improvements or items of the same or better quality and utility in the operation of such Property. If Tenant is not required to restore and does not, in fact, restore, Tenant shall pay over to Landlord the amount, if any, of insurance proceeds received by Tenant with respect to any of Tenant's Personal Property which was purchased with funds from the FF&E Reserve.
Appears in 1 contract
