Common use of Loans from Affiliates Clause in Contracts

Loans from Affiliates. Neither Lessee nor any Sublessee shall borrow money from any Affiliate unless the obligations of Lessee or such Sublessee and the rights of its Affiliates with respect to any such loan are subordinated to the rights of Lessor pursuant to a written subordination agreement in form and substance acceptable to Lessor.

Appears in 2 contracts

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

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Loans from Affiliates. Neither Lessee nor any Sublessee shall borrow money from any Affiliate unless the obligations of Lessee or such Sublessee and the rights of its Affiliates with respect to any such loan are subordinated to the rights of Lessor pursuant to a written subordination agreement in form and substance acceptable to LessorLessor in its commercially reasonable discretion.

Appears in 1 contract

Samples: Master Lease (Omega Healthcare Investors Inc)

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Loans from Affiliates. Neither Lessee nor any Sublessee shall not borrow money from any ----------------------- Affiliate unless the obligations of Lessee or such Sublessee and the rights of its Affiliates with respect to any such loan are subordinated to the rights of Lessor pursuant to a written subordination agreement in form and substance acceptable to Lessor.. 8.3

Appears in 1 contract

Samples: Operations Transfer Agreement (Emeritus Corp\wa\)

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