Subordination of Payments to Affiliates. After the occurrence of an Event of Default and until such Event of Default is cured, Tenant shall not make any payments or distributions (including, without limitation, salary, bonuses, fees, principal, interest, dividends, liquidating distributions, management fees, cash flow distributions or lease payments) to any Affiliate, or any shareholder, member or partner of Tenant or any Affiliate, except for ordinary payroll.
Appears in 5 contracts
Samples: Master Lease Agreement (Brookdale Senior Living Inc.), Master Lease Agreement (Alterra Healthcare Corp), Lease Agreement (Alterra Healthcare Corp)
Subordination of Payments to Affiliates. After the occurrence of an Event of Default and until such Event of Default is cured, Tenant and Guarantor shall not make any payments or distributions (including, without limitation, salary, bonuses, fees, principal, interest, dividends, liquidating distributions, management fees, cash flow distributions or lease payments) to Guarantor, Manager (if applicable), any Affiliate, or any shareholder, member or partner of Tenant Tenant, Guarantor, Manager (if applicable) or any Affiliate, except for ordinary payroll.
Appears in 2 contracts
Samples: Lease Agreement (Just Like Home Inc), Lease Agreement (Just Like Home Inc)
Subordination of Payments to Affiliates. After the occurrence of an Event of Default and until such Event of Default is cured, Tenant Tenant, Subtenant and Guarantor shall not make any payments or distributions (including, without limitation, salary, bonuses, fees, principal, interest, dividends, liquidating distributions, management fees, cash flow distributions or lease payments) to Guarantor, Manager (if applicable), any Affiliate, or any shareholder, member or partner of Tenant Tenant, Guarantor, Manager (if applicable) or any Affiliate, except for ordinary payroll.
Appears in 2 contracts
Samples: Master Lease Agreement (Capital Senior Living Corp), Master Lease Agreement (Emeritus Corp\wa\)
Subordination of Payments to Affiliates. After the occurrence of an Event of Default and until such Event of Default is cured, Tenant Tenant, Subtenant and Guarantor shall not make any payments or distributions (including, without limitation, salary, bonuses, fees, principal, interest, dividends, liquidating distributions, management fees, cash flow distributions or lease payments) to Guarantor, any Affiliate, or any shareholder, member or partner of Tenant Tenant, Guarantor or any Affiliate, except for ordinary payroll.
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Subordination of Payments to Affiliates. After the occurrence of an Event of Default and until such Event of Default is cured, Tenant Tenant, Subtenant and Guarantor shall not make any payments or distributions (including, without limitation, salary, bonuses, fees, principal, interest, dividends, liquidating distributions, management fees, cash flow distributions or lease payments) to Guarantor, any Affiliate, or any shareholder, member or partner of Tenant Tenant, Guarantor, or any Affiliate, except for ordinary payroll.
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Subordination of Payments to Affiliates. After the occurrence of an Event of Default and until such Event of Default is cured, Tenant shall not make any payments or distributions (including, without limitation, salary, bonuses, fees, principal, interest, dividends, liquidating distributions, management fees, cash flow distributions or lease payments) to any Affiliate, or any shareholder, member or partner of Tenant or any Affiliate, except for ordinary payroll.
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Subordination of Payments to Affiliates. After the occurrence of an Event of Default and until such Event of Default is cured, Tenant shall not make any payments or distributions (including, without limitation, salary, bonuses, fees, principal, interest, dividends, liquidating distributions, management fees, cash flow distributions or lease payments) to Guarantor, any Affiliate, or any shareholder, member or partner of Tenant Tenant, Guarantor or any Affiliate, except for ordinary payroll.
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