Common use of Distributions, Payments to Affiliated Persons, Etc Clause in Contracts

Distributions, Payments to Affiliated Persons, Etc. Tenant shall not declare, order, pay or make, directly or indirectly, any Distributions or any payment to any Affiliated Person of Tenant (including payments in the ordinary course of business and payments pursuant to management agreements with any such Affiliated Person) or set apart any sum or property therefor, or agree to do so, if, at the time of such proposed action, or immediately after giving effect thereto, any Event of Default shall exist.

Appears in 4 contracts

Samples: Lease Agreement (Wyndham Hotel Corp), Lease Agreement (Wyndham Hotel Corp), Master Lease Agreement (Hospitality Properties Trust)

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Distributions, Payments to Affiliated Persons, Etc. Tenant shall not declare, order, pay or make, directly or indirectly, any Distributions or any payment to any Affiliated Person of Tenant (including payments in the ordinary course of business and payments pursuant to management agreements with any such Affiliated Personbusiness) or set apart any sum or property therefor, or agree to do so, if, at the time of such proposed action, or immediately after giving effect thereto, any Event of Default shall existhave occurred and be continuing. Otherwise, as long as no Event of Default shall have occurred and be continuing, Tenant may make Distributions and payments to Affiliated Persons without restriction.

Appears in 3 contracts

Samples: Master Lease Agreement (Senior Housing Properties Trust), Master Lease Agreement (Senior Housing Properties Trust), Master Lease Agreement (Five Star Quality Care Inc)

Distributions, Payments to Affiliated Persons, Etc. Tenant shall --------------------------------------------------- not declare, order, pay or make, directly or indirectly, any Distributions or any payment to any Affiliated Person of Tenant (including payments in the ordinary course of business and payments pursuant to management agreements with any such Affiliated Person) or set apart any sum or property therefor, or agree to do so, if, at the time of such proposed action, or immediately after giving effect thereto, any Event of Default shall exist.

Appears in 2 contracts

Samples: Lease Agreement (Hospitality Properties Trust), Lease Agreement (Hospitality Properties Trust)

Distributions, Payments to Affiliated Persons, Etc. Tenant shall will not declare, order, pay or make, directly or indirectly, any Distributions distribution or any payment to any Affiliated Person of as to Tenant (including payments in the ordinary course of business and payments payment pursuant to management agreements with any such Affiliated Person) or set apart any sum or property therefor, or agree to do so, if, at the time of such proposed action, or immediately after giving effect thereto, any event or condition shall exist which constitutes a Default (as to which Landlord has given notice to Tenant) or an Event of Default shall existDefault.

Appears in 2 contracts

Samples: Lease Agreement (Senior Housing Properties Trust), Settlement Agreement (Senior Housing Properties Trust)

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Distributions, Payments to Affiliated Persons, Etc. Tenant shall will not declare, order, pay or make, directly or indirectly, any Distributions distribution or any payment to any Affiliated Person of as to Tenant (including payments in the ordinary course of business and payments payment pursuant to management agreements with any such Affiliated Person) or set apart any sum or property therefor, or agree to do so, if, at the time of such proposed action, or immediately after giving effect thereto, any event or condition shall exist which constitutes a Default or an Event of Default shall existDefault.

Appears in 2 contracts

Samples: Lease Agreement (Senior Housing Properties Trust), Lease Agreement (Senior Housing Properties Trust)

Distributions, Payments to Affiliated Persons, Etc. Tenant shall not --------------------------------------------------- declare, order, pay or make, directly or indirectly, any Distributions or any payment to any Affiliated Person of Tenant (including payments in the ordinary course of business and payments pursuant to management agreements with any such Affiliated Person) or set apart any sum or property therefor, or agree to do so, if, at the time of such proposed action, or immediately after giving effect thereto, any Event of Default shall exist.

Appears in 1 contract

Samples: Lease Agreement (Crestline Capital Corp)

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