Fleet Agreement. From the date hereof through and including the Effective Time, neither the Company nor any of its Subsidiaries shall draw down or borrow any monies pursuant to the Fleet Agreement for any purpose other than the reimbursement of expenses incurred by the Company or its Subsidiaries in respect of the construction of expansions on the existing Senior Housing Facilities.
Appears in 10 contracts
Samples: Merger Agreement (Ilm Ii Senior Living Inc /Va), Agreement and Plan of Merger (Ilm Ii Senior Living Inc /Va), Merger Agreement (Capital Senior Living Corp)
