Common use of Future Leases Clause in Contracts

Future Leases. Neither the Company nor any Subsidiary shall become a party to any Lease after the Closing Date except for a Lease where the obligations of the lessee to make payments under such Lease cover fully the Company's or such Subsidiary's obligations to make principal, interest and other payments on the Indebtedness relating to the Facility which is the subject of such Lease, if any, including, without limitation, all interest rate adjustments or escalations, prepayment penalties and similar payments.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Meditrust Corp), Revolving Credit Agreement (Meditrust)

AutoNDA by SimpleDocs

Future Leases. Neither the Company nor any Subsidiary shall become a party to any Lease after the Closing Date except for a Lease where the obligations of the lessee to make payments under such Lease cover fully the Company's or such Subsidiary's Subsidiary obligations to make principal, interest and other payments on the Indebtedness relating to the Facility which is the subject of such Lease, if any, including, without limitation, all interest rate adjustments or escalations, prepayment penalties and similar payments.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Meditrust Corp), Revolving Credit Agreement (Meditrust)

Future Leases. Neither the Company nor any Subsidiary shall become a party to any Facility Lease after the Closing Date except for a Facility Lease where the obligations of the lessee to make payments under such Facility Lease cover fully the Company's or such Subsidiary's obligations to make principal, interest and other payments on the Indebtedness relating to the Facility which is the subject of such Facility Lease, if any, including, without limitation, all interest rate adjustments or escalations, prepayment penalties and similar payments.

Appears in 1 contract

Samples: Revolving Credit Agreement (Meditrust)

AutoNDA by SimpleDocs

Future Leases. Neither the Company nor any Subsidiary shall become a party to any Facility Lease after the Closing Date except for a Facility Lease where the obligations of the lessee to make payments under such Facility Lease cover fully the Company's or such Subsidiary's Subsidiary obligations to make principal, interest and other payments on the Indebtedness relating to the Facility which is the subject of such Facility Lease, if any, including, without limitation, all interest rate adjustments or escalations, prepayment penalties and similar payments.

Appears in 1 contract

Samples: Revolving Credit Agreement (Meditrust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!