Lessee's Negative Covenants Clause Samples
Lessee's Negative Covenants. Lessee covenants and agrees that, so long as any amounts remain owing under this Lease, Lessee shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 7.
Lessee's Negative Covenants. Until the termination of this Agreement and the satisfaction in full by Lessee of all Lessee Obligations, Lessee will comply, and will cause compliance, with the following negative covenants, unless Lessor and Required Participants shall otherwise consent in writing:
Lessee's Negative Covenants. Lessee shall not injure, deface, permit waste nor otherwise harm any part of the Premises, permit any nuisance at the Premises or permit the emission of any objectionable noise or odor from the Premises.
Lessee's Negative Covenants. During the term of this Lease, Lessee covenants and agrees that it will not do any of the following, indirectly or directly, without the prior written consent of Lessor and Lender:
Lessee's Negative Covenants. Lessee covenants and agrees with Lessor that Lessee will not during the Term without the prior written consent of Lessor:
18.3.1 other than as permitted under the Real Property Lease, engage in any activities of a material nature other than the operation and management of the Leased Property and all necessary or advisable activities related thereto, it being understood between Lessor and Lessee that Lessee may have a wholly-owed limited liability company Subsidiary formed for the purpose of serving as the employer of some or all of the employees who will assist in the operation and management of the Leased Property and providing other services for the operation and management of the Leased Property;
18.3.2 other than as permitted under the Real Property Lease, incur, assume or otherwise become liable to pay any Indebtedness (provided that in any event none of such Indebtedness shall be secured by any sublease, assignment, lien, security or other interest in Lessee’s right, title or interest under this Agreement);
18.3.3 sell or agree to sell or otherwise dispose of or assign any of its interest in this Agreement other than in accordance with the provisions of Article 13;
18.3.4 enter into any joint venture (regardless of the form of joint venture) or any co-ownership arrangement;
18.3.5 other than as permitted under the Real Property Lease, and except as provided in Section 19.14 and/or Article 13, enter into any management agreement (other than the Management Agreement) or leasing agreement with respect to the Leased Property.
Lessee's Negative Covenants