Common use of Financial Condition of Tenant Clause in Contracts

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.

Appears in 1 contract

Samples: Lease Agreement (Hospitality Properties Trust)

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Financial Condition of Tenant. Tenant shall at all times maintain ----------------------------- 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 timeAgreement; it being expressly understood and agreed that the sum of right to receive the Retained Funds (as defined in the Purchase Agreement) Security Deposit, if assigned to Tenant, may for such purpose be counted as equity at the full amount thereof if such amounts are contributed to Tenantthereof.

Appears in 1 contract

Samples: Lease Agreement (Homestead Village Inc)

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.

Appears in 1 contract

Samples: Lease Agreement (Wyndham Hotel Corp)

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 timeAgreement; it being expressly understood and agreed that the sum amount of the Retained Funds (as defined in the Purchase Agreement) Security Deposit may for such purpose be counted as equity at the full amount thereof if such amounts are contributed to Tenantthereof.

Appears in 1 contract

Samples: Lease Agreement (Hospitality Properties Trust)

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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 timeAgreement; it being expressly understood and agreed that the sum of the Initial Retained Funds (as defined in the Purchase Agreement) and the Option 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.

Appears in 1 contract

Samples: Master Lease Agreement (Hospitality Properties Trust)

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 timeLeases; 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.

Appears in 1 contract

Samples: Lease Agreement (Hospitality Properties Trust)

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