Conduct of its Business. Lessee will maintain, and cause any Sublessee and any Manager to maintain, experienced and competent professional management with respect to its business and with respect to the Leased Property. Lessee, any Sublessee and any Manager shall conduct, in the ordinary course, the operation of the Facility, and Lessee and any Sublessee which is an Affiliate of Lessee shall not enter into any other business or venture during the Term or such time as Lessee or any such Sublessee is in possession of the Leased Property other than activities in which Lessee or such Sublessee are permitted to engage by the provisions of the Meditrust/Emeritus Transaction Documents.
Appears in 3 contracts
Samples: Facility Lease Agreement (Emeritus Corp\wa\), Facility Lease Agreement (Emeritus Corp\wa\), Facility Lease Agreement (Emeritus Corp\wa\)
Conduct of its Business. Lessee will maintain, and cause any Sublessee and any Manager to maintain, experienced and competent professional management with respect to its business and with respect to the Leased Property. Lessee, any Sublessee and any Manager shall conduct, in the ordinary course, the operation of the Facility, and Lessee and any Sublessee which is an Affiliate of Lessee shall not enter into any other business or venture during the Term or such time as Lessee or any such Sublessee is in possession of the Leased Property other than activities in which Lessee or such Sublessee are permitted to engage by the provisions of the Meditrust/Emeritus Transaction Documents.. 11.4.7
Appears in 2 contracts
Samples: Facility Lease Agreement (Emeritus Corp\wa\), Facility Lease Agreement (Emeritus Corp\wa\)
Conduct of its Business. Lessee will maintain, and cause any Sublessee and any Manager to maintain, experienced and competent professional management with respect to its business and with respect to the Leased Property. Lessee, any Sublessee and any Manager shall conduct, in the ordinary course, the operation of the Facility, and Lessee and any Sublessee which is an Affiliate of Lessee 55 shall not enter into any other business or venture during the Term or such time as Lessee or any such Sublessee is in possession of the Leased Property other than activities in which Lessee or such Sublessee are permitted to engage by the provisions of the Meditrust/Emeritus Transaction Documents.
Appears in 1 contract
