We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of No Debt Clause in Contracts

No Debt. Tenant shall not create, incur, assume, or permit to exist any indebtedness with respect to the Leased Property other than [i] trade debt incurred in the ordinary course of business; [ii] indebtedness for Facility working capital purposes; and [iii] indebtedness that is secured by any Permitted Lien.

Appears in 3 contracts

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

AutoNDA by SimpleDocs

No Debt. Tenant shall not create, incur, assume, or permit to exist any -------- indebtedness with respect to the Leased Property other than [i] trade debt incurred in the ordinary course of business; [ii] indebtedness for Facility working capital purposes; and [iii] indebtedness that is secured by any Permitted Lien.

Appears in 1 contract

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

No Debt. Tenant and Subtenant shall not create, incur, assume, or permit to exist any indebtedness with respect to the Leased Property other than [i] trade debt incurred in the ordinary course of business; [ii] indebtedness for Facility working capital purposes; and [iii] indebtedness that is secured by any Permitted Lien.

Appears in 1 contract

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

No Debt. Tenant shall not create, incur, assume, or permit to ------- exist any indebtedness with respect to the Leased Property other than [i] trade debt incurred in the ordinary course of Tenant's business; and [ii] indebtedness for Facility working capital purposesrelating to the Letter of Credit; and [iii] indebtedness that is secured by any Permitted Lien.

Appears in 1 contract

Samples: Lease Agreement (Just Like Home Inc)

No Debt. Tenant shall not create, incur, assume, or permit to exist any indebtedness with respect to the Leased Property other than [i] trade debt incurred in the ordinary course of Tenant's business; [ii] indebtedness for Facility working capital purposesrelating to the Letter of Credit; and [iii] indebtedness that is secured by any Permitted Lien; [iv] indebtedness to Guarantor pursuant to the Working Capital Documents; and [v] indebtedness to Landlord pursuant to the Equity Loan Documents.

Appears in 1 contract

Samples: Lease Agreement (Balanced Care Corp)

AutoNDA by SimpleDocs

No Debt. Tenant shall not create, incur, assume, or permit to exist any indebtedness with respect to the Leased Property other than [i] trade debt incurred in the ordinary course of Tenant's business; [ii] indebtedness for Facility working capital purposesrelating to the Letter of Credit; and [iii] indebtedness that is secured by any Permitted Lien.

Appears in 1 contract

Samples: Lease Agreement (Balanced Care Corp)

No Debt. Tenant shall not create, incur, assume, or permit to exist any indebtedness with respect to the Leased Property other than [i] trade debt incurred in the ordinary course of Tenant's business; [ii] indebtedness for Facility working capital purposes; and [iiiii] indebtedness that is secured by any Permitted Lien.

Appears in 1 contract

Samples: Master Lease Agreement (Balanced Care Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!