Additional Covenants of Lessee. Lessee covenants and agrees that:
Additional Covenants of Lessee. Beginning on the Commencement Date and throughout the remainder of the Lease Term, Lessee covenants and agrees:
Additional Covenants of Lessee. 1. Lessee shall not commit or suffer to be committed any waste upon the Leased Premises or any nuisance or other act or thing which may disturb the quiet enjoyment of any other lessee in the Industrial Facility.
Additional Covenants of Lessee. In addition to any and all other covenants contained in this Lease and any Schedules, the Lessee, during the Lease Term, agrees and covenants with Lessor as follows: Lessee shall maintain a (i) minimum debt to worth ratio of not less than 2.0 to 1.0 and (ii) current ratio of not less than 1.10 to 1.0, each measured based upon Lessee's quarterly financial statements to be delivered by Lessee to Lessor beginning with the quarterly period ending June 30, 2000. All computations made to determine compliance with the requirements contained in this Paragraph shall be made in accordance with generally accepted accounting principles, applied on a consistent basis, and certified by Lessee as being true and correct. For purposes of this Paragraph, the debt to worth ratio shall mean the ratio of Lessee's Total Liabilities to Tangible Net Worth and the current ratio shall mean the Lessee's current assets to current liabilities. Additionally, "Tangible Net Worth" means Lessee's total assets excluding all intangible assets (i.e., goodwill, trade marks, patents, copyrights, organizational expenses, and similar intangible items, but including leaseholds and leasehold improvements) less total Debt; "Debt" means all of Lessee's liabilities excluding Subordinated Debt; "Subordinated Debt" means indebtedness and liabilities of Lessee which have been subordinated by written agreement to indebtedness owed by Lessee to Lessor in form and substance acceptable to Lessor. Any other financial or accounting terms used herein but not otherwise defined shall have the meanings ascribed to such terms under generally accepted accounting principles.
Additional Covenants of Lessee. 50 Section 20.1 Conduct of Business...........................50 Section 20.2 Maintenance of Accounts and Records...........50 Section 20.3 Distributions, Payments to Affiliates, Etc....51 Section 20.4 Compliance with Operating Agreement...........51 20.4.1 Material Terms of the Operating Agreement...................51 20.4.2 Subordination of Operating Agreement..51
Additional Covenants of Lessee. Lessee's use of the Demised Premises and the Common Areas shall be subject at all times during the Term to reasonable rules and regulations adopted by Lessor not in conflict with any of the express provisions hereof governing the use of the parking areas, walks, driveways, passageways, signs, exteriors of building, lighting and other matters affecting other tenants in, and the general management and appearance, of the Shopping Center. Lessee agrees to comply with all such rules and regulations upon notice to Lessee from Lessor. Lessee expressly agrees as follows:
Additional Covenants of Lessee. In addition to covenants hereinabove set forth, Lessee covenants as follows:
Additional Covenants of Lessee. (a) Lessee will at all times maintain Minimum Tangible Net Worth of at least $7,000,000. For purposes hereof, the term "
Additional Covenants of Lessee. (a) In conformity with Section 7 hereof and except as otherwise provided in Section 5 hereof or with respect to indebtedness owing front Lessor to Lessee, Lessee hereby assumes the due and punctual payment according to their tenor and purport of the principal of, premium, if any, interest on and all other sums payable pursuant to or in respect of:
Additional Covenants of Lessee. The Lessee covenants at its expense, at all times during the term of this Lease, as follows:
