Common use of Landlord Financing Clause in Contracts

Landlord Financing. In the event that at any time during the Term, OpCo, or any Subsidiary of OpCo, shall elect to obtain financing for any health care related facilities owned or leased or to be owned or leased by OpCo, or such Subsidiary, OpCo shall give (or cause such Subsidiary to give, as the case may be) Notice thereof to Landlord, which notice shall set forth in reasonable detail the terms of such financing, shall identify the source thereof and shall include a copy of an applicable commitment letter. Landlord shall have the right, exercisable by the giving of Notice to OpCo (or such Subsidiary, as the case may be) within thirty (30) days after such Notice from OpCo (or such Subsidiary, as the case may be), to provide such financing on the same terms and conditions as described in the Notice given to Landlord. In the event that Landlord shall exercise such option, OpCo (or such Subsidiary, as the case may be) shall be obligated to obtain such financing from Landlord on the terms and conditions set forth in the Notice to Landlord. In the event that Landlord shall decline to provide such financing or shall fail to give such Notice to OpCo (or such Subsidiary, as the case may be), OpCo (or such Subsidiary, as the case may be) shall be free to obtain such financing from the party identified in, and on the terms and conditions set forth in, the Notice given to Landlord with respect thereto. Notices to OpCo and any Subsidiary shall be given as if a Notice to Tenant.

Landlord Financing. In the event that at any time during the Term, OpCo, or any Subsidiary of OpCo, shall elect to obtain financing for any health care related facilities owned or leased or to be owned or leased by OpCo, or such Subsidiarysubsidiary, OpCo shall give (or cause such Subsidiary to give, as the case may be) Notice thereof to Landlord, which notice shall set forth in reasonable detail the terms of such financing, shall identify the source thereof and shall include a copy of an applicable commitment letter. Landlord shall have the right, exercisable by the giving of Notice to OpCo (or such Subsidiary, as the case may be) within thirty (30) days after such Notice from OpCo (or such Subsidiary, as the case may be), to provide such financing on the same terms and conditions as described in the Notice given to Landlord. In the event that Landlord shall exercise such option, OpCo (or such Subsidiary, as the case may be) shall be obligated to obtain such financing from Landlord on the terms and conditions set forth in the Notice to Landlord. In the event that Landlord shall decline to provide such financing or shall fail to give such Notice to OpCo (or such Subsidiary, as the case may be), OpCo (or such Subsidiary, as the case may be) shall be free to obtain such financing from the party identified in, and on the terms and conditions set forth in, the Notice given to Landlord with respect thereto. Notices to OpCo and any Subsidiary shall be given as if a Notice to Tenant.