INSOLVENCY OF GUARANTOR. If Landlord's consent to an assignment of this Lease is conditioned upon the agreement of a guarantor to guaranty the performance of the obligations under this Lease by the Tenant, any insolvency of such guarantor, whether voluntary or involuntary, shall for purposes of Section 23.1(E)(1)-(2) have the same effect as insolvency of the Tenant.
Appears in 4 contracts
Samples: Lease Agreement (Emeritus Corp\wa\), Lease Agreement (Emeritus Corp\wa\), Lease Agreement (Emeritus Corp\wa\)
