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.
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Sources: Master Lease Agreement (Emeritus Corp\wa\), 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 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.
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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
Sources: Lease Agreement (Balanced Care 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.
Appears in 1 contract
Sources: Lease Agreement (Balanced Care 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 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
Sources: Lease Agreement (Just Like Home Inc)
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