Financial Condition of Tenant. Tenant shall at all times maintain Net Worth (except as provided in the last clause of this sentence) in an amount at least equal to the aggregate of one year's Minimum Rent payable pursuant to this Agreement; it being expressly understood and agreed that the right to receive the Retained Funds, if assigned to Tenant, may for such purpose be counted as equity at the full amount thereof and that accrued and unpaid subordinated amounts due from Tenant to its Affiliated Persons may be included in Net Worth.
Appears in 6 contracts
Samples: Lease Agreement (Candlewood Hotel Co Inc), Lease Agreement (Hospitality Properties Trust), Lease Agreement (Candlewood Hotel Co Inc)
Financial Condition of Tenant. Tenant shall at all times maintain Net Worth (except as provided in the last clause of this sentence) in an amount at least equal to the aggregate of one year's Minimum Rent payable pursuant to this Agreement; it being expressly understood and agreed that the right to receive the Retained Funds, if assigned to Tenant, may for such purpose be counted as equity at the full amount thereof and that accrued and unpaid subordinated amounts due from Tenant to its Affiliated Persons may be included in Net Worththereof.
Appears in 3 contracts
Samples: Lease Agreement (Hospitality Properties Trust), Lease Agreement (Sholodge Inc), Lease Agreement (Sholodge Inc)
