Common use of Guarantees Prohibited Clause in Contracts

Guarantees Prohibited. From and after the transfer of Xxxxxx's interest to New Sub as contemplated by the Settlement and Restructuring Agreement, neither Lessee nor any Sublessee shall guarantee any indebtedness of any Affiliate or other third party, except those guarantees for the benefit of AmSouth in effect as of the date hereof or as may be required under the AmSouth Loan Documents.

Appears in 2 contracts

Samples: Master Lease (Omega Healthcare Investors Inc), Master Lease (Omega Healthcare Investors Inc)

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Guarantees Prohibited. From and after the transfer of Xxxxxx's Lessee’s interest to New Sub as contemplated by the Settlement and Restructuring Agreement, neither Lessee nor any Sublessee shall guarantee any indebtedness of any Affiliate or other third party, except those guarantees for the benefit of AmSouth in effect as of the date hereof or as may be required under the AmSouth Loan Documents.

Appears in 1 contract

Samples: Master Lease (Omega Healthcare Investors Inc)

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Guarantees Prohibited. From and after the transfer of XxxxxxLessee's interest to New Sub as contemplated by the Settlement and Restructuring Agreement, neither Lessee nor any Sublessee shall guarantee any indebtedness of any Affiliate or other third party, except those guarantees for the benefit of AmSouth in effect as of the date hereof or as may be required under the AmSouth Loan Documents.

Appears in 1 contract

Samples: Master Lease (Advocat Inc)

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