Financial Condition of Tenant. Landlord shall have no obligation to disclose or discuss with Guarantor Landlord's assessment of the financial condition of Tenant. Guarantor has adequate means to obtain information from Tenant on a continuing basis concerning the financial condition of Tenant and its ability to perform its Guaranteed Obligations, and Guarantor assumes responsibility for being and keeping informed of Tenant's financial condition and of all circumstances bearing upon the risk of Tenant's failure to perform the Guaranteed Obligations.
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.
Financial Condition of Tenant. Tenant acknowledges that the financial capability of Tenant to perform its obligations hereunder is material to Landlord and that Landlord would not enter into this Lease but for its belief, based on its review of Tenant's financial statements, that Tenant is capable of performing such financial obligations. Tenant hereby represents, warrants and certifies to Landlord that its financial statements are true and correct in all material respects.
Financial Condition of Tenant. Tenant shall at all times ----------------------------- maintain Tangible 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 and the Other Leases in effect from time to time; it being expressly understood and agreed that the sum of the Retained Funds (as defined in the Purchase Agreement) may for such purpose be counted as equity at the full amount thereof if such amounts are contributed to Tenant.
Financial Condition of Tenant. As of the date of this Agreement, Tenant's Tangible Net Worth is an amount at least equal to the aggregate of one year's Minimum Rent payable pursuant to this Agreement and the Other Leases; it being expressly understood and agreed that the Retained Funds may for such purpose be counted as equity at the full amount thereof (without any discount as to its value for any reason, notwithstanding anything to the contrary provided for by GAAP) if such amounts are contributed to Tenant.
Financial Condition of Tenant. Tenant shall at all times maintain a positive Tangible Net Worth. Each Officer's Certificate delivered by Tenant to Landlord under Section 17.2(b) shall certify as to Tenant's compliance with this requirement.
Financial Condition of Tenant. Tenant shall at all times maintain Tangible Net Worth in an amount of not less than $15,000,000 (provided, however, that it is expressly understood and agreed that the amount of the Security Deposit may for such purpose be counted as equity at the full amount thereof).
Financial Condition of Tenant. Tenant shall at all times maintain Tangible Net Worth in an amount at least equal to one year's Minimum Rent; provided, however, that so long as Prime or Brookdale is a Guarantor pursuant to a Guaranty, any demand promissory note made by Prime or Brookdale to the order of Tenant shall, to the extent of the outstanding principal amount thereof, be counted toward satisfying such requirement.
Financial Condition of Tenant. Tenant hereby represents and warrants that as of the date of this Lease, Tenant has a Tangible Net Worth of not less than $1,000,000.00.
Financial Condition of Tenant. Guarantor acknowledges that certain facts concerning Tenant and Tenant’s financial condition may be known or become known to Landlord. Guarantor waives any right to require Landlord to furnish such information to Guarantor and agrees not to assert any defense Guarantor may have based upon Landlord’s failure to furnish such information. Guarantor acknowledges that, in executing this Guaranty and at all times hereafter, Guarantor relies and will continue to rely upon its own investigation and sources other than Landlord for all information and facts relating to Tenant and Tenant’s financial condition.
