Common use of Use of the Leased Property Clause in Contracts

Use of the Leased Property. (a) Lessee covenants that it will proceed with all due diligence and will exercise reasonable efforts to obtain and to maintain all Licenses and other approvals needed to use and operate the Leased Property and the Hotel under applicable local, state and federal law.

Appears in 32 contracts

Samples: Hotel Lease Agreement (Apple REIT Eight, Inc.), Hotel Lease Agreement (Apple REIT Ten, Inc.), Hotel Lease Agreement (Apple REIT Nine, Inc.)

AutoNDA by SimpleDocs

Use of the Leased Property. (a) Lessee covenants that it will proceed with all due diligence and will exercise reasonable its best efforts to obtain and to maintain all Licenses and other approvals needed to use and operate the Leased Property and the Hotel Facility under applicable local, state and federal law.

Appears in 29 contracts

Samples: Lease Agreement (MHI Hospitality CORP), Lease Agreement (Capital Lodging), Lease Agreement (Summit Hotel OP, LP)

Use of the Leased Property. (a) Lessee covenants that it will proceed with all due diligence and will exercise reasonable efforts to obtain and to maintain all Licenses and other approvals needed to use and operate the Leased Property and the Hotel Facility under applicable local, state and federal law.

Appears in 9 contracts

Samples: Master Lease Agreement (Supertel Hospitality Inc), Master Lease Agreement (Supertel Hospitality Inc), Master Lease Agreement (Supertel Hospitality Inc)

Use of the Leased Property. (a) Lessee covenants that it will proceed with all due diligence and will exercise reasonable its best efforts to obtain and to maintain all Licenses and other approvals needed to use and operate the Leased Property and the Hotel under applicable local, state and federal law.

Appears in 3 contracts

Samples: Lease Agreement (Crescent Real Estate Equities Inc), Lease Agreement (Crescent Real Estate Equities Inc), Lease Agreement (Crescent Real Estate Equities Inc)

Use of the Leased Property. (a) Lessee covenants that it will proceed with all due diligence and will exercise commercially reasonable efforts to obtain and to maintain all Licenses and other approvals needed to, or to cause Manager to, use and operate the Leased Property and the Hotel under applicable local, state and federal law. Lessor shall cooperate with Lessee in this regard, including executing all applications and consents required to be signed by Lessor in order for Lessee to obtain and maintain such approvals.

Appears in 3 contracts

Samples: Lease Agreement (Strategic Hotel Capital Inc), Lease Agreement (Strategic Hotel Capital Inc), Lease Agreement (Strategic Hotel Capital Inc)

Use of the Leased Property. (a) Lessee covenants that it will proceed with all due diligence and will exercise its reasonable best efforts to obtain and to maintain all Licenses and other approvals needed to use and operate the Leased Property and the Hotel under applicable local, state and federal law. Lessor covenants that it will cooperate in good faith in all respects, at Lessee's expense, in connection with Lessee's efforts to obtain and maintain such approvals.

Appears in 3 contracts

Samples: Lease Agreement (Felcor Suite Hotels Inc), Lease Agreement (Bristol Hotels & Resorts Inc), Lease Agreement (Felcor Lodging Trust Inc)

Use of the Leased Property. (a) Lessee covenants that it will proceed with all due diligence and will exercise reasonable efforts to obtain and to maintain all Licenses and other approvals needed to use and operate the Leased Property and the Hotel under applicable local, state and federal law.

Appears in 2 contracts

Samples: Lease Agreement (Itt Corp /Nv/), Lease Agreement (Felcor Suite Hotels Inc)

Use of the Leased Property. (a) Lessee covenants that it will proceed with all due diligence and will exercise reasonable its best efforts to obtain and to maintain all Licenses license, permits and other approvals needed to use and operate the Leased Property and the Hotel each Facility under applicable local, state and federal law.

Appears in 2 contracts

Samples: Percentage Lease Agreement (Red Lion Inns Limited Partnership), Percentage Lease Agreement (Boykin Lodging Co)

Use of the Leased Property. (a) Lessee covenants that it will proceed with all due diligence and will exercise reasonable its best efforts to obtain and to maintain all Licenses and other approvals needed to use and operate the Leased Property in the manner required under this Lease and the Hotel under applicable local, state and federal law.

Appears in 2 contracts

Samples: Lease Agreement (Crescent Operating Inc), Lease Agreement (Crescent Operating Inc)

AutoNDA by SimpleDocs

Use of the Leased Property. (a) Lessee covenants that it will proceed with all due diligence and will exercise reasonable efforts its best effort to obtain and to maintain all Licenses and other approvals needed to use and operate the Leased Property and the Hotel Facility under applicable local, state and federal law.

Appears in 1 contract

Samples: Lease Agreement (Glenborough Realty Trust Inc)

Use of the Leased Property. (a) Lessee covenants that it will proceed with all due diligence and will exercise reasonable efforts to obtain and to maintain all Licenses and other approvals needed to use and operate the Leased Property and the Hotel Facility under applicable local, state and federal lawLegal Requirements.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sunstone Hotel Investors Inc)

Use of the Leased Property. (a) Lessee covenants that it will proceed with all due diligence and will exercise its commercially reasonable efforts to obtain and to maintain all Licenses and other approvals needed to use and operate the Leased Property and the Hotel Facility under applicable local, state and federal law.

Appears in 1 contract

Samples: Lease Agreement (Equity Inns Inc)

Use of the Leased Property. (a) Lessee covenants that it will proceed with all due diligence to obtain, and will exercise reasonable efforts to obtain and to maintain maintain, all Licenses permits, licenses and other approvals approvals, including, without limitation, liquor licenses, needed to use and operate the Leased Property and the Hotel Facility under applicable local, state and federal lawLegal Requirements.

Appears in 1 contract

Samples: Lease Agreement (Interstate Hotels Management Inc)

Use of the Leased Property. (a) Lessee covenants that it will proceed with all due diligence and will exercise reasonable its best efforts to obtain and to maintain all Licenses and other approvals needed to use and operate the Leased Property and the Hotel Facility under applicable local, state and federal law, including but not limited to appropriate licensure.

Appears in 1 contract

Samples: Master Lease Document General Terms And (Universal Health Realty Income Trust)

Time is Money Join Law Insider Premium to draft better contracts faster.