No Affiliate Debt. The Lessee has not created, incurred, guaranteed, endorsed, assumed or suffered to exist any liability (whether direct or contingent) for borrowed money from the Guarantor (or any of its Affiliates) or any Affiliate of the Lessee that is not fully subordinated to the Lease Obligations pursuant to the Affiliated Party Subordination Agreement.
Appears in 9 contracts
Samples: Facility Lease Agreement (Arv Assisted Living Inc), Facility Lease Agreement (Carematrix Corp), Facility Lease Agreement (Carematrix Corp)
No Affiliate Debt. The Lessee has not created, incurred, guaranteed, endorsed, assumed or suffered to exist any liability (whether direct or contingent) for borrowed money from the Guarantor (or any of its Affiliates) or any Affiliate of the Lessee that is not fully subordinated to the Lease Obligations pursuant to a written agreement in form and substance acceptable to the Affiliated Party Subordination AgreementLessor.
Appears in 5 contracts
Samples: Development Agreement (Standish Care Co), Development and Turnkey Services Agreement (Standish Care Co), Management Agreement (Capital Senior Living Corp)
No Affiliate Debt. The Lessee has not created, incurred, guaranteed, endorsed, assumed or suffered to exist any liability (whether direct or contingent) for borrowed money from the Guarantor (or any of its Affiliates) or any Affiliate of the Lessee that is not fully subordinated to the Lease Obligations pursuant to the Affiliated Party Subordination AgreementLessee.
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No Affiliate Debt. The Lessee has not created, incurred, guaranteed, endorsed, assumed or suffered to exist any liability (whether direct or contingent) for borrowed money from the Guarantor (or any of its Affiliates) or any Affiliate of the Lessee that is I.essee which has not been fully subordinated to the Lease Obligations pursuant to the Affiliated Party Subordination AgreementObligations.
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