Common use of Conduct of its Business Clause in Contracts

Conduct of its Business. The Lessee will maintain, and cause any Sublessee and any Manager to maintain, experienced and competent professional management with respect to its business and with respect to the Leased Property. The Lessor agrees that management by the executive officers listed on EXHIBIT J attached hereto is satisfactory for the purposes of this provision. The Lessee, any Sublessee and any Manager shall conduct, in the ordinary course, the operation of the Facility, and the Lessee and any other Acceptable Licensed Operator (other than the Guarantor, if applicable) shall not enter into any other business or venture during the Term or such time as the Lessee or any other Acceptable Licensed Operator is in possession of the Leased Property, other than the development, ownership and/or operation of any other health care facility owned or financed by any Meditrust Entity.

Appears in 3 contracts

Samples: Facility Lease Agreement (Alternative Living Services Inc), Facility Lease Agreement (Alternative Living Services Inc), Facility Lease Agreement (Alternative Living Services Inc)

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Conduct of its Business. The Lessee will maintain, and cause any Sublessee and any Manager to maintain, experienced and competent professional management with respect to its business and with respect to the Leased Property. The Lessor agrees that management by the executive officers listed on EXHIBIT J attached hereto is satisfactory for the purposes of this provision. The Lessee, any Sublessee and any Manager shall conduct, in the ordinary course, the operation of the Facility, and the Lessee and any other Acceptable Licensed Operator (other than the Guarantor, if applicable, or the Current Manager) shall not enter into any other business or venture during the Term or such time as the Lessee or any other Acceptable Licensed Operator (other than the Current Manager) is in possession of the Leased Property, other than the development, ownership and/or operation of any other health care facility owned or financed by any Meditrust Entity.

Appears in 1 contract

Samples: Facility Lease Agreement (Alterra Healthcare Corp)

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