Common use of No Affiliate Debt Clause in Contracts

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 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 Lessor.

Appears in 5 contracts

Samples: Facility Lease Agreement (Carematrix Corp), Facility Lease Agreement (Carematrix Corp), Management Agreement (Capital Senior Living Corp)

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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 which has not been fully subordinated to the Lease Obligations pursuant to a written agreement in form and substance acceptable to the LessorObligations.

Appears in 4 contracts

Samples: Facility Lease Agreement (Emeritus Corp\wa\), Facility Lease Agreement (Emeritus Corp\wa\), Facility Lease Agreement (Emeritus Corp\wa\)

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 which has not been fully subordinated to the Lease Obligations pursuant to a written agreement in form and substance acceptable to the Lessor.Obligations. 10.1.12

Appears in 2 contracts

Samples: Facility Lease Agreement (Emeritus Corp\wa\), Facility Lease Agreement (Emeritus Corp\wa\)

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 a written agreement in form and substance acceptable to the Lessor.Obligations. 10.1.12

Appears in 1 contract

Samples: Facility Lease Agreement (Emeritus Corp\wa\)

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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 not fully subordinated to the Lease Obligations pursuant to a written agreement in form and substance acceptable to the LessorLessee.

Appears in 1 contract

Samples: Facility Lease Agreement (Alterra Healthcare Corp)

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