Common use of No Affiliate Debt Clause in Contracts

No Affiliate Debt. 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 Lessee which has not been fully subordinated to the Lease Obligations.

Appears in 6 contracts

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

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No Affiliate Debt. 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 Lessee which has that is not been fully subordinated to the Lease ObligationsObligations pursuant to the Affiliated Party Subordination Agreement or the Subordination and Standstill Agreement.

Appears in 1 contract

Samples: Facility Lease Agreement (Balanced Care Corp)

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No Affiliate Debt. Neither Lessee nor the General Partner, on behalf of 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 Lessee which has not been fully subordinated to the Lease Obligations.

Appears in 1 contract

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

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