Lessee's Financial Covenants. Until the termination of this Agreement and the satisfaction in full by Lessee of all Lessee Obligations, Lessee will comply, and will cause compliance, with the following financial covenants, unless Lessor and Required Participants shall otherwise consent in writing:
Lessee's Financial Covenants. Lessee hereby covenants with Lessor as follows: On a continuing basis, from the date of the Master Lease until the date on which Lessee's obligations thereunder are fully paid and performed, Lessee hereby covenants and agrees that:
Lessee's Financial Covenants. Lessee shall not make any distributions to its members, except in the amount necessary for such members or their direct or indirect owners to pay their respective federal, state and local income taxes to the extent such taxes are allocable to Lessee's taxable income and reportable as such on such members' tax returns, until such time as Lessee has fully complied with the terms and provisions of Section 8.4. Lessee shall not incur any indebtedness (other than ordinary trade payables) unless required (i) to pay Rent, (ii) to maintain and repair the Leased Property in accordance with Article IX, or (iii) to make Alterations in accordance with Article X, provided that Lessee shall thereafter retire such indebtedness prior to making any dividend payments to its shareholders except to the extent needed to pay federal, state or local income tax on their respective shares of Lessee's taxable income.
Lessee's Financial Covenants. Lessee hereby covenants with Lessor as follows:
Lessee's Financial Covenants. Lessee shall not mortgage, pledge, hypothecate, assign, encumber, or grant a preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever in the legal or beneficial ownership (including without limitation, the right to
Lessee's Financial Covenants. Lessee shall not pay any dividends to its shareholders, except in the amount necessary for such shareholders to pay their respective federal, state and local income taxes to the extent such taxes are allocable to Lessee's taxable income and reportable as such on such shareholders' tax returns, until such time as Lessee has fully complied with the terms and provisions of the "Alignment of Interests Agreement" dated , (the "Alignment of Interests Agreement"). Lessee shall not incur any indebtedness (other than ordinary trade payables) unless required (i) to pay rent, (ii) to maintain and repair the Leased Property in accordance with Article IX, or (iii) to make Alterations in accordance with Article X, provided that Lessee shall thereafter retire such indebtedness prior to making any dividend payments to its shareholders except to the extent needed to pay federal, state or local income tax on their respective shares of Lessee's taxable income.
Lessee's Financial Covenants
