No Debt. Tenant shall not create, incur, assume, or permit to exist any indebtedness with respect to the Leased Property other than [i] trade debt incurred in the ordinary course of business; [ii] indebtedness for Facility working capital purposes; and [iii] indebtedness that is secured by any Permitted Lien.
Appears in 3 contracts
Samples: Lease Agreement (Emeritus Corp\wa\), Master Lease Agreement (Emeritus Corp\wa\), Lease Agreement (Emeritus Corp\wa\)
No Debt. Tenant shall not create, incur, assume, or permit to exist any indebtedness with respect related to the Leased Property Facility other than [i] trade debt incurred in the ordinary course of Tenant's business; [ii] indebtedness for Facility working capital purposespurposes in an amount not to exceed $150,000.00; and [iii] indebtedness that is secured by any Permitted Lien; and [iv] unsecured indebtedness that will not cause Tenant to be in violation of Section 15.7.
Appears in 2 contracts
Samples: Lease Agreement (Alterra Healthcare Corp), Lease Agreement (Alterra Healthcare Corp)
No Debt. Tenant shall not create, incur, assume, or permit to exist any indebtedness with respect to the Leased Property other than [i] trade debt incurred in the ordinary course of Tenant's business; [ii] indebtedness for Facility working capital purposesrelating to the Letter of Credit; and [iii] indebtedness that is secured by any Permitted Lien.; [iv] indebtedness to Guarantor pursuant to the Working Capital Documents; and [v] indebtedness to Landlord pursuant to the Equity Loan Documents. 49 14.2
Appears in 1 contract
No Debt. Tenant shall not create, incur, assume, or permit to exist any -------- indebtedness with respect to the Leased Property other than [i] trade debt incurred in the ordinary course of business; [ii] indebtedness for Facility working capital purposes; and [iii] indebtedness that is secured by any Permitted Lien.
Appears in 1 contract
No Debt. Tenant and Subtenant shall not create, incur, assume, or permit to exist any indebtedness with respect to the Leased Property other than [i] trade debt incurred in the ordinary course of business; [ii] indebtedness for Facility working capital purposespurposes in an amount not to exceed $100,000.00 per Facility; [iii] indebtedness relating to the Letter of Credit; and [iiiiv] indebtedness that is secured by any Permitted Lien.
Appears in 1 contract
Samples: Master Lease Agreement (Capital Senior Living Corp)
No Debt. Tenant and Subtenant shall not create, incur, assume, or permit to exist any indebtedness with respect to the Leased Property other than [i] trade debt incurred in the ordinary course of Tenant’s business; [ii] indebtedness for Facility working capital purposes; [iii] indebtedness relating to the Letter of Credit; and [iiiiv] indebtedness that is secured by any Permitted Lien.
Appears in 1 contract
No Debt. Tenant shall not create, incur, assume, or permit to exist any indebtedness with respect to the Leased Property other than [i] trade debt incurred in the ordinary course of Tenant's business; [ii] indebtedness for Facility working capital purposesrelating to the Letter of Credit; and [iii] indebtedness that is secured by any Permitted Lien.
Appears in 1 contract
Samples: Lease Agreement (Balanced Care Corp)
No Debt. Tenant and Subtenant shall not create, incur, assume, or permit to exist any indebtedness with respect to the Leased Property other than [i] trade debt incurred in the ordinary course of business; and [ii] indebtedness for Facility working capital purposes; and [iii] indebtedness that is secured by any Permitted Lien.
Appears in 1 contract
No Debt. Tenant shall not create, incur, assume, or permit to exist any indebtedness with respect to the Leased Property other than [i] trade debt incurred in the ordinary course of Tenant's business; [ii] indebtedness for Facility working capital purposes; and [iiiii] indebtedness that is secured by any Permitted Lien.
Appears in 1 contract
No Debt. Tenant and Subtenant shall not create, incur, assume, or permit to exist any indebtedness with respect to the Leased Property other than [i] trade debt incurred in the ordinary course of business; [ii] indebtedness for Facility working capital purposesrelating to the Letter of Credit or Working Capital Letter of Credit; and [iii] indebtedness that is secured by any Permitted Lien.
Appears in 1 contract
No Debt. Tenant and Subtenant shall not create, incur, assume, or permit to exist any indebtedness with respect to the Leased Property other than [i] trade debt incurred in the ordinary course of business; [ii] indebtedness for Facility working capital purposes; and [iii] indebtedness that is secured by any Permitted Lien.
Appears in 1 contract
No Debt. Tenant shall not create, incur, assume, or permit to ------- exist any indebtedness with respect to the Leased Property other than [i] trade debt incurred in the ordinary course of Tenant's business; and [ii] indebtedness for Facility working capital purposesrelating to the Letter of Credit; and [iii] indebtedness that is secured by any Permitted Lien.
Appears in 1 contract
Samples: Lease Agreement (Just Like Home Inc)
