Common use of New Lease Clause in Contracts

New Lease. Lessor shall have the right, at any time and from time to time during the Term for a legitimate business purpose, by written notice to Tenant, to require Tenant to execute an amendment to this Lease whereby one or more Leased Properties (individually, a “Transferred Property” or collectively, “Transferred Properties”) is separated and removed from this Lease, and to simultaneously execute a substitute lease with respect to such Transferred Property(ies), in which case:

Appears in 13 contracts

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

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New Lease. Lessor shall have the right, at any time and --------- from time to time during the Term for a legitimate business purpose, by written notice to Tenant, to require Tenant to execute an amendment to this Lease whereby one or more Leased Properties (individually, a "Transferred Property" or -------------------- collectively, "Transferred Properties") is separated and removed from this ---------------------- Lease, and to simultaneously execute a substitute lease with respect to such Transferred Property(ies), in which case:

Appears in 5 contracts

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

New Lease. Lessor shall have the right, at any time and from time to time during the Term for a legitimate business purpose, by written notice to Tenant, to require Tenant to execute an amendment to this Lease whereby one or more Leased Properties (individually, a "Transferred Property" or collectively, "Transferred Properties") is separated and removed from this Lease, and to simultaneously execute a substitute lease with respect to such Transferred Property(ies), in which case:

Appears in 1 contract

Samples: Master Lease Agreement (Ventas Inc)

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New Lease. Lessor shall have the right, at any time and from --------- time to time during the Term for a legitimate business purpose, by written notice to Tenant, to require Tenant to execute an amendment to this Lease whereby one or more Leased Properties (individually, a "Transferred Property" or -------------------- collectively, "Transferred Properties") is separated and removed from this ---------------------- Lease, and to simultaneously execute a substitute lease with respect to such Transferred Property(ies), in which case:

Appears in 1 contract

Samples: Master Lease Agreement (Ventas Inc)

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